Micree Zhan released a scathing letter directed towards fellow Bitmain co-founder Jihan Wu, offering to buy out control of the company. The Bitmain power struggle continues as Micree Ketuan Zhan, one of the co-founders of the crypto mining giant and its largest shareholder, has reportedly made an offer to purchase shares controlled by his fellow…
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China’s Blockchain Service Network, made up of some of the leading technology companies, is integrating Chainlink’s data oracles. China’s Blockchain Service Network (BSN) is integrating Chainlink’s (LINK) oracle service into its ecosystem. BSN was recently formed by China’s State Information Center, China Mobile, China Unionpay, and Red Date Technologies. The goal of this consortium is…
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Nanjing, China is basically using the blockchain to drive a local economic stimulus program. In order to reduce the COVID-19 pandemic’s impact on business, Chinese governments at all levels have been coming up with different policies and solutions to help the economy survive. Nanjing, the capital of China eastern Jiangsu province, is one of the…
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A former senior official of the People’s Bank of China said that the country has completed the backend architecture development of its digital currency. The former vice-chair of the People’s Bank of China’s National Council for Social Security Fund, Wang Zhongmin, announced that China has completed the backend architecture development of China’s central bank digital…
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Telegram’s digital resistance in Russia will contribute to further anti-censorship efforts in countries like China and Iran, Pavel Durov says. Russia’s decision to lift its two-year Telegram ban is going to mark the beginning of a broader movement to protect privacy-focused apps like Telegram, the company’s CEO says. Pavel Durov, founder and CEO of Telegram,…
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Check out this week’s Bad Crypto podcast. An eventful week for Bitcoin this week. It ended down nearly 5 percent but at one point, things were looking much worse. A collapse to $8,900 sparked talk of a three-month correction—which could be exacerbated by the expiration of more than 100,000 Bitcoin options next Friday. So far…
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Singapore’s central bank is looking to join forces with China in exploring central bank digital currencies. Singapore’s central bank and financial regulatory authority is looking to cooperate with China in the field of central bank digital money. Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, has voiced the country’s readiness…
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Tencent has reportedly expanded its dominance in blockchain patents after filing for DLT-based fund management, advertising and media storage solutions. Tencent has been expanding its research into blockchain, with the firm registering a series of patents detailing distributed ledger technology (DLT)-based solutions for fund management, and advertising. Chinese media outlet Egsea reported the patents on…
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F2Pool returns about $500,000 in abnormal ETH transaction fee to its sender after encountering the issue on June 11. F2Pool, a Chinese mining pool that recently mined an Ether (ETH) transaction with an abnormal transaction fee of 2,310 ETH, has returned 90% of the fee to its sender. Announcing the news on June 18, F2Pool…
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Last Monday, Chinese media reported that police in Guangdong froze thousands of bank accounts belonging to over-the-counter traders. It was reported last week that thousands of bank accounts belonging to Chinese over-the-counter cryptocurrency traders were recently frozen by law enforcement. The police claimed that this was part of a wider investigation into illegal activities, such…
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