Inside China’s Crypto Mining Industry Crackdown: What Exactly Makes Beijing Ban Operations?
Although China has cracked down on cryptocurrencies in recent years, it remains the largest bitcoin mining country in the world, with more than 65% of the total hashrate.
Read More »While Beijing Kicks Out Bitcoin Miners, Texas Welcomes Them: What’s Special about the American State?
China, a workshop for more than 65% of the world's bitcoin, has taken a tough stance against crypto mining and related transactions, including a total crackdown on bitcoin mining.
Read More »Things Are Heating up: Can Nigeria Beat China in the Release of the First CBDC?
Despite Africa being the poorest continent on earth with most people living below the poverty line, the continent is out to prove the world wrong when it comes to digital…
Read More »Cryptocurrency Market Shrinks as China Continues Crackdown on Mining and Trading Activities
As China is continuing to crack down on Bitcoin and cryptocurrency mining and trading, more provinces in the country are implementing the decision. However, in an attempt to stop such…
Read More »China and India Face Money Laundering Threat Through Cryptocurrency
Ever since the first cryptocurrency, Bitcoin, was invented, cases of money laundering have been on a high rise almost every year. Now, China and India are battling with money laundering…
Read More »Winter Olympics Tickets to Be Sold for State-issued CBDC Digital Yuan
In a move to test its state-owned CBDC dubbed e-CNY, China has given away digital red envelopes embodying its prototype CBDC in Beijing and Shanghai to test the digital yuan…
Read More »US Gains from Cryptocurrency Market are 3 Times Ahead of China
The rivalry between the United States of America (USA) and China has a long history. During the previous couple of years, they have been competing in practically every industry including…
Read More »Chinese Social Media Ban Cryptocurrency Bloggers: Is it a War Against the Community?
China seems to have started a real war against the cryptocurrency community. Shortly after banning crypto mining and trading, the government forces one of the country’s biggest social media platforms…
Read More »China is Planning to Issue a Central Bank Digital Currency to Strengthen Surveillance Over its Citizens
China is accelerating its pursuit of a digital yuan that is anticipated to be finally rolled out before the end of 2021. One of the reasons to issue its own…
Read More »China’s Ban on Cryptocurrency Forced Bitcoin to Touch $30k
The restriction imposed on cryptocurrency services providers by China has made the entire digital currency market hit a snag. The price of Bitcoin, the largest crypto asset by market cap,…
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