Tag: China

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Mexico Announces It Will Issue Its Own Digital Coin by 2024

The government of Mexico announced that the country’s central bank will issue its own digital currency. The statement of the official account of the presidency of Mexico informed that the development should be ready towards 2024, and remarked about the importance the technology has for the future of the financial structure of the country. …
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Crypto News Rewind 2021: Q4 – Pandora Papers, India’s Regulatory Saga, Facebook to Meta and Other Rebrands

  Here is what happened in the Cryptoworld in the last quarter of this year: Total crypto market capitalization in Q4 And thus ended the year. Happy 2022.  ____… Read More: Crypto News Rewind 2021: Q4 – Pandora Papers, India’s Regulatory Saga, Facebook to Meta and Other Rebrands  Read more »Pay, Trade, Buy Bitcoin with…
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Shanghai includes metaverse in its development plan

Shanghai’s five-year plan calls for the use of a metaverse in public services, businesses, entertainment and industrial manufacturing. Shanghai, China’s most crowded city, is looking for ways to use a metaverse in public services over the next five years. Shanghai Municipal Commission of Economy and Information Technology’s five-year development plan for the electronic information industry…
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Crypto News Rewind 2021: Q3 – Bitcoin Becomes Legal Tender & Gets Taproot, Improved Ethereum, NFTzation

  Here is what happened in the Cryptoworld in the third quarter of this year: Total crypto market capitalization in Q3 And with this ended the third quarter of 2021. ____… Read More: Crypto News Rewind 2021: Q3 – Bitcoin Becomes Legal Tender & Gets Taproot, Improved Ethereum, NFTzation  Read more »Pay, Trade, Buy Bitcoin…
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Bitcoin Miners Could Go Nuclear in Kazakhstan as Gov’t Plans New Power Plant

  The government of Kazakhstan is debating a plan to build a nuclear power plant that could help the country to strengthen its Bitcoin (BTC) and crypto mining sector in the longer term.  According to the media outlet Vedomosti, the Minister of Energy, Magzum Mirzagaliyev, told reporters that two locations were being considered as “potential…
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Crypto News Rewind 2021: Q2 – Bitcoin Crash, China’s Crypto Crackdown, El Salvador’s BTC Move, Musk vs BTC

  Here is what happened in the Cryptoworld in the second quarter of this year: Total crypto market capitalization in Q2 ____ Learn more:- Crypto News Rewind 2021: Q1 – Rallies, Tesla & MicroStrategy & PayPal Bitcoin Moves, Historic NFT Moments … Read More: Crypto News Rewind 2021: Q2 – Bitcoin Crash, China’s Crypto Crackdown, El…
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Power Deficit Forces Crypto Miners to Leave Kazakhstan

Electricity shortages have been dogging Kazakhstan’s booming crypto mining industry this year. A media report reveals that some miners, including some of those that moved in amid China’s crackdown on the sector, are now looking to relocate to destinations with a more stable energy supply like the United States. Miners Shut Down Crypto Farms Due…
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‘Net neutral’ — Rising Bitcoin exchange balances could be due to Huobi Chinese user block

Binance may be seeing Bitcoin inflows, but overall, movements among major exchanges appear to cancel each other out, fresh data shows. Bitcoin (BTC) balances rising on exchanges may not be a sign of investors preparing to sell, new research argues.  Unveiling the latest data from across exchanges on Dec. 28, Glassnode on-chain analyst TXMC pointed…
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Crypto mining reportedly rises in Thailand due to Chinese crypto ban

Thailand is among the countries capitalizing on China’s crypto crackdown, with retail investors increasingly mining crypto. Retail cryptocurrency mining in Thailand has apparently received a boost due to the capitulation of Chinese miners triggered by the country’s new crypto mega ban enforced in September. Thai entrepreneurs and cryptocurrency businesses have been increasingly capitalizing on Chinese…
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Chinese Crypto Users Still Find Ways to Circumvent Ban

  Crypto users in Mainland China are still finding ways to trade while major exchanges are preparing to disable service for Chinese users by the end of the year…. Read More: Chinese Crypto Users Still Find Ways to Circumvent Ban  Read more »Pay, Trade, Buy Bitcoin with Credit Card