Chinese tech colossus Tencent has continued its foray into the Metaverse after filing a patent for virtual concerts, flying in the face of warnings from Chinese banks and regulators. Chinese tech conglomerate Tencent has filed for a virtual concerts patent with the Chinese National Intellectual Property Administration (CNIPA), according to business data-tracker Qichacha. The application…
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U.S. Senator Ted Cruz says one of the reasons he is so bullish on bitcoin is because it is decentralized and not controllable. He added that “China recently banned bitcoin because they can’t control it, which is the exact same reason Elizabeth Warren hates bitcoin.”
US Senator Bullish on Bitcoin
U.S. Senator Ted…
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Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are increasingly relying on energy generated by fossil fuels, they claim. Bitcoin Mining Allegedly Less Green Since Miners’ Exodus From China Cryptocurrency mining has become a…
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A number of Chinese provinces have increased the rate at which crypto miners must pay for electricity – despite the fact that mining has been outlawed in the nation…. Read More: Chinese Provinces Tighten Crypto Crackdown – Despite Setting New Electricity Rates for Miners Read more »Pay, Trade, Buy Bitcoin with Credit Card
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Sotheby’s Cancels CryptoPunks Auction, Canada Ends Use of Emergencies Act + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Chinese authorities called the metaverse “attractive and deceptive,” where users are prone to lose money if they are unaware of the risks. After eradicating crypto trading and mining in the country, the Chinese government’s next concern lies with the growing scams around the metaverse projects. The Chinese Banking and Insurance Regulatory Commission issued a risk…
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Bitcoin (BTC) mining difficulty has made another jump, hitting a new all-time high (ATH) – the third one in a row. Further cutting into the miners’ profit margins, the mining difficulty (the measure of how hard it is to compete for mining rewards) just went up 4.78%, reaching almost 27.97 T. … Read More: Bitcoin…
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Chinese banks and IT firms are continuing to roll out a diverse range of “hard” digital yuan wallets as they lay the ground for the full rollout of the nation’s central bank digital currency (CBDC). As reported, a large range of “hard” wallets – which require no permanent internet connection in order to function…
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The launch of N3, new NFT marketplaces and integration with China’s blockchain-based Service Network is providing a boost to NEO price. As the field of viable layer-one blockchain protocols continues to expand with newer entrants trying to solve the issue of high transaction costs and slow processing times, older projects find themselves utilizing their history…
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Foreign users tend to use hardware e-CNY wallets more at the Olympics, while domestic users mainly go for software wallets. The 2022 Winter Olympics participants, visitors and organizers could be spending more than $300,000 in China’s digital yuan every day, according to new reports citing officials from the People’s Bank of China. The e-CNY, China’s…
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