Crypto in China

Eastern Asia ranks as the fifth most active crypto market, contributing 8.8% of global digital asset activity between July 2022 and June 2023. Its decline over the last few years has been notable – largely propelled by the big blow to the Chinese trading activity and mining sector. Chainlysis’ latest analysis signals a potential tailwind for the region East Asia owing to Hong Kong’s crypto initiatives and industry-friendly regulations that have been launched over the past...

Die Hash Rate misst die im gesamten Bitcoin-Netzwerk zur Verfügung stehende Rechenleistung und ist zugleich ein guter Indikator für die Sicherheit des Netzwerkes. Denn je mehr Rechenleistung für Mining und Validierung von Transaktionen zur Verfügung steht, desto sicherer ist Bitcoin auch vor Hacks oder anderen böswilligen Angriffen. Zugleich beeinflusst die Hash Rate auch den Schwierigkeitsgrad für das Schürfen rsp. Mining von Bitcoin, denn je mehr Miner aktuell beteiligt sind, desto...

Aside from the popular Apple and Samsung brands, Huawei is probably one of the few other companies that has designed its smartphone processor. Another threat may just have added to the number of issues that Apple Inc (NASDAQ: APPL) currently faces in China. Despite the pertinent geopolitical and economic threats to its existence in the region, the giant tech firm now faces an additional challenge from a resurgent Huawei. That is because China’s biggest semiconductor manufacturer SMIC has...

Soeben fand der aktuelle BRICS-Gipfel statt. Die meisten Medien berichteten nicht darüber, da es nichts zu berichten gäbe. Mag sein. Aber aus sicht der Digitalen Währungen gab es doch 2 wichtige News. Einerseits wollen die BRICS-Staaten gegen die Weltmacht des US-Dollar vorgehen und beispielsweise grosse Erdöl-Deals vermehrt in lokalen Währungen abwicklen, sofern das funktioniert und genügend Liquidität vorhanden ist. Irgendwann soll eine...

A former Chinese government official, Xiao Yi, has been sentenced to life in prison for helping subsidize a secret, large-scale Bitcoin mining operation within the country’s borders, alongside unrelated acts of corruption. Yi pled guilty to the charges, and the government has already seized all of his bribes and profits. Illegally Helping A Bitcoin Miner On Tuesday, Yi was specifically convicted of abusing his power by providing financial and electricity subsidies to Jiumu...

The state-owned telecom operator China Mobile has reportedly proposed the creation of a “Digital Identity System” to keep track of all local metaverse users.  The idea has been discussed between tech experts and Chinese officials and could set global rules focused on that technology. A Safety Measure or Additional Government Control? According to a recent Politico coverage, the proposed “Digital Identity System” will require metaverse participants to share personal data...

CoinspeakerApple Begins iPhone 15 Production Outside China Apple CEO Tim Cook is claiming that India simply offers a “huge opportunity”, so, the firm has been ramping up iPhone production in the region. Apple Begins iPhone 15 Production Outside China

Did China offer a bitcoin bounty to have an Australian human rights activist killed? That’s the narrative according to Drew Pavlou, the man allegedly at the center of the “digital attack.” Drew Pavlou was on China’s Hit List Pavlou has been advocating for human rights in his native Australia for many years. He always thought he was doing the right thing and that his actions would lead him down a positive, cheerful path, but now, it appears he’s angered some people...

Jeremy Allaire – the CEO of stable coin issuer Circle – says that with bitcoin and Ethereum exploding in price as of late, he thinks countries like China – as well as many other Asian nations – are going to up their bitcoin demands and permit crypto mining like never before. Jeremy Allaire Thinks China Will Again Be a BTC Haven In a recent interview, Allaire said: Hong Kong is clearly looking to establish itself as a very significant center for digital asset...

A China-owned crypto mining facility could be built in the rural town of Vilonia, Arkansas, and the residents aren’t too happy about that. Will Vilonia Be a New Crypto Mining Hub? What’s odd is that the mining facility is controlled and owned by China, a country that not long ago decided crypto mining should be illegal due to the alleged harm it does to the atmosphere. The country announced that due to new “green” rules implemented by Beijing, all crypto mining...