News about CHINA

News about China

China’s digital yuan deploys at speed, leaving dust in its path

From being labeled impractical to nearing mainstream deployment, the digital yuan can transform the global economic landscape. With each passing day, the list of nati...

China's central bank worried about stablecoins' risk to financial systems

While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems....

Deputy governor of the People’s Bank of China: Bitcoin and other private digital currencies are speculative tools that pose potential risks that threaten financial security and social stability

For the first time, the People's Bank of China responded to the recent crackdown on Bitcoin, emphasizing the opposition to the central bank's digital currency, and emphasizing the threat of stablecoins. These relatively negative new formulati...

China Banned Bitcoin Mining. What Happens To Small Hydropower Stations Now?

This China Business News article about hydropower stations will blow your mind. It contains revelation after revelation and clears the situation up. Now that Bitcoin mining is prohibited, who’s consuming that energy? How has the government deci...

China FUD is over.

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

China Shuts Down Software Maker Over Suspected Crypto-Related Activity, Issues Industry-Wide Warning

The People’s Bank of China (PBOC), the country’s central bank, has shut down a software firm over suspected involvement in cryptocurrency transactions. The central bank also warned organizations not to “provide premises, commercial...

Nick Spanos: Bitcoin is an unstoppable machine and China cannot stop it

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From mining to software: China's regulatory crackdown on crypto continues

Financial institutions, crypto miners and now, software companies — where will regulators in China move to strike next? Financial regulators in China have shut down a...

China banned Didi (Chinese Uber) just 2 days after USA IPO. Americans invested in this are losing big time. Where is the "investor protection"? US regulators dont care. Investor protection comes in only when its crypto - an asset class up a huge %.

The double standards are just incredible. Bill Sherman says people should not invest in risky assets like Crypto but should instead invest in stocks, and these are the kind of stocks that the US regulators allow to IPO in the USA, allowing gull...

China proves Bitcoin is an unstoppable machine: Bitcoin Center founder

Bitcoin’s price goes up once regulatory setbacks are digested by the crypto community, Zap Procotol co-founder Nick Spanos says. China’s crackdown on Bitcoin (BTC) min...

Bitcoin mining has never been easier since China's crackdown - and miners now stand to make higher profits

submitted by /u/ledonskim754 [link] [comments]

China crypto ban a ‘huge opportunity for Canada,’ mining group head says

The diversified location of Bitcoin mining facilities following China’s crackdown is great news for the rest of the world, iMining CEO Khurram Shroff says. China’s reg...

Brian Armstrong Says China’s Digital Currency Is A Threat To U.S.

Brian Armstrong strongly argues that China’s Central Bank Digital Currency will pose a threat to the U.S. Armstrong sees the CBDC as a move that will disrupt the United States reserve currency in the long run. According to Coinbase CEO Brian Ar...

Bitcoin mining is now easier and more profitable as algorithm adjusts after China crackdown

More than 54% of bitcoin’s hashrate, which is the collective computing power of miners worldwide, has dropped off the network since its market peak in May. The bitcoin code has re-calibrated to make it 28% less difficult to mine. Miners who are still...

Bitcoin mining is more profitable after China's crackdown

submitted by /u/anandaverma18 [link] [comments]

After this dip there is no more China holding crypto back from nagging 400+ times in the past 10+ years, think about that!

submitted by /u/Beginning-Amoeba-399 [link] [comments]

On the 4th of July Bitcoin's difficulty is to get reset, and will be free of China mining - Oddly fitting.

I don't know if this is deserving as a stand alone post, but what the fuck, no one could have planned it better. For those that don't know, Bitcoin block rate is currently running 1 per 20 mins, vs 10 mins, and is set for an extreme difficult...

Fear the ????... China's crypto crackdown

submitted by /u/JoryMantos4614 [link] [comments]

Let me clear up the confusion about China and the crypto ban

Been living in China 6 years. China doesn't have a legitimate stock market because of widespread government interference and corruption. The real estate scene is a huge bubble, propped up by the government. There is a limit on the number of house...

China's miner exodus a ‘big net positive for crypto,’ Mike Novogratz says

Despite China's undermining, Bitcoin still exists and survives in lots of ways, Galaxy Digital's CEO says. As major miners are leaving China one after another followin...

Elon "Chinaman" Musk Bitcoin FUD and CCP praise. Why? Because CCP bankrolls Tesla and China will soon become Tesla's biggest market

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

Poolin Reward Tokens Plummet In Response To China Bitcoin Mining Exodus

Following China’s bitcoin mining crackdowns, Poolin has suspended rewards for its tokenized hashrate contracts. The wBTC and wETH rewards are on pause until “less than 60 days”, as per a blog post from Poolin. Poolin Pauses Rewards...

Bitcoin's hashrate falls 50% from its peak in May 2021. Seriously and free of sarcasm: Thank you, China. You did us a big favor with your miner ban. Forever grateful, Hodlers.

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

Hydropower Stations Up for Sale Amid China’s Crackdown on Crypto Mining

Small hydropower plants have been put up for sale in China as demand for their cheap energy decreases following the government’s crackdown on crypto miners. Just as with mining rigs, their prices have been going down, leaving owners with limite...

China crackdown shows industrial Bitcoin mining a problem for decentralization

The great hash rate plunge caused by an exodus of miners from China shows large scale Proof-of-Work mining facilities are vulnerable to regulation. Bitcoin’s reliance...

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