News about CHINA

News about China

China CBDC white paper

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Michael Saylor Says Cracking Down on Bitcoin Mining Was a Trillion-Dollar Mistake for China (2-minute audio clip)

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China's central bank says crypto gave impetus to the creation of its CBDC

A working paper released in English by the People’s Bank of China cites cryptocurrencies as an important context for the digital yuan’s development and reveals that the digital currency w...

Anonymous announces own crypto: Anon Inu to fight China and Elon Musk

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Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US

Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit...

University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%

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China’s crypto industry is gone? Beijing’s crackdown keeps sending shockwaves

The Chinese government’s ongoing crusade against cryptocurrencies might have dramatic consequences for both domestic and global crypto traders. Since the start of the...

The data backs up the theory that China's bitcoin mining supremacy waned before the crackdown.

The idea that China's worldwide bitcoin mining supremacy was already eroding before the country's recent crackdown is supported by fresh statistics gathered by Cambridge University. On Thursday, the Cambridge Centre for Alternative Finance (C...

China’s Bitcoin hash power fell before the crackdown: Cambridge data

Cambridge research shows that China’s Bitcoin mining power fell by 40% before the crackdown, while the United States’ hash power quadrupled. China’s crackdown on Bitco...

Green BTC miner Bitfarms’ production up 50% after China ban, as Compass goes nuclear

Bitfarms is producing more BTC at a lower cost due to the drop in difficulty. Publicly traded North American Bitcoin mining company Bitfarms has doubled its producti...

China’s Anhui Province to Shut Down Crypto Farms as Grid Operator Issues Closure Notice, Reports

Anhui has reportedly become China’s latest region planning to end cryptocurrency mining. The province is going to shut down all mining facilities due to power supply shortages, according to local media. Another source revealed that the state-ru...

Bitcoin mining ban an easy decision for China, says Bitmain EMEA partner

Half of what was lost due to China’s crackdown on Bitcoin mining will never go back online, Phoenix Store’s CEO says. Two weeks after a 15% increase in electricity pri...

China shuts down crypto mining in Anhui province

The Anhui government is addressing growing electricity demand by shutting down local crypto mining operations. The Chinese government continues cracking down on the cr...

Bit Mining raises $50M to take operations out of China

Bit Mining is looking to exit China’s market in response to the recent government crackdown on mining. Shenzhen-based crypto mining firm, Bit Mining, is raising $50 mi...

Despite banning bitcoin mining, China still has 150 bitcoin nodes enforcing consensus rules. Bitcoin doesn't care about borders.

https://preview.redd.it/fw4mux5x60b71.png?width=2102&format=png&auto=webp&s=e8949d411d69b194d666617bc0d507c4b584dbb0 The number of listening bitcoin nodes in China is currently at 150. This number could be far greater as some nodes...

Kyle Bass: China CBDC is a “Cancer” for United States if not prohibited.

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OK Group to help China combat money laundering with blockchain

OK Group will start working with Chinese authorities to combat money laundering, using distributed ledger technology. OK Group, a blockchain technology firm formerly b...

Fuck China

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Totally agree. Fuck China.

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China’s Ban on Bitcoin Follows a Pattern Frequently Used by Beijing Since the End 2000s. Anything that promotes freedom is banned by the Chinese authorities.

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China’s bitcoin miners move to America

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China Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report Reveals

China, which has arguably the most advanced digital currency project among leading nations, has so far handed out more than $40 million in red envelopes with digital yuan. The promotional campaign for the CBDC is currently focused on five major citie...

Why It Will Be Hard for China to Clamp Down on Bitcoin

submitted by /u/deathsettler [link] [comments]

China Opens Digital Yuan Whitelist for Ten Million Citizens

The Chinese government is taking its digital yuan test one step further. Now, 10 million users will be able to test and use the currency after applying to join a whitelist in selected state banks. This new phase of the test aims to detect possible pr...

229% surge in China-U.S. shipping costs drives inflation pressure

submitted by /u/thadiusb [link] [comments]

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