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Crypto in China

China: Digitaler Yuan an Olympischen Spielen

Die XXIV. Olympischen Winterspiele (chinesisch: 2022年冬季奥林匹克运动会) sollen vom 4. bis zum 20. Februar 2022 in der chinesischen Hauptstadt Peking ausgetragen werden China plant die Einführung eines digitalen Yuan, kurz e-CNY. Die E-Währung soll während der Olympischen Winterspiele im kommenden Jahr finalisiert werden. Die chinesische Regierung hat nun eine weitere Testphase gestartet und gibt e-CNY-Coupons an die Bevölkerung Pekings aus. e-CNY: Weitere...

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Pakistan Is Considering Ending All Crypto Activity

Pakistan could be the next country to ban cryptocurrency. The nation’s central bank is calling for an outright ban on all digital currency activity per documents submitted to the Sindh High Court, the country’s biggest legal establishment. Pakistan Seeks to End Crypto’s Run The fight has allegedly been going on since the year 2019. A petition was filed during that time which sought to remove present bank guidance that told banks and standard financial institutions to...

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NFTs and Blockchain-Based Games on the Rise Despite the Recent Crypto Decline (Report)

The non-fungible token universe and blockchain-based games seem to have their own macro events that affect their growth. A set of reports by the analysis company DappRadar revealed that the number of NFT trades continues to increase gradually despite the adverse price movements in the digital asset industry. Additionally, the interest in blockchain-based games is also on the rise. NFTs and Blockchain Games Becoming More Popular Most cryptocurrencies have lost some price...

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Chinese Law Enforcement Agency Have Reportedly Seized $1.7 Billion Worth of Crypto

Reports emerged indicating that the Chinese officials are keeping a close eye on cryptocurrency activities and are applying innovative strategies to tackle virtual currency money laundering. “An Important Breakthrough” According to the Chinese state-owned broadcaster, CCTV (controlled by the CCP), the country’s Ministry of Public Security has solved 259 cases that involve cryptocurrency money laundering. It also seized cryptocurrencies worth 11 billion yuan, or nearly $1.7...

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Bitcoin Recovers from Brief Drop Below $40,000

Bitcoin – the world’s number one digital currency by market cap – briefly fell below the $40,000 mark for the first time in several months. At press time, the asset has risen back to about $41,000 per unit, though the news – for some analysts – suggests that the year is going to be rocky for the virtual coin. Is Bitcoin Feeling Okay? Overall, bitcoin has gotten off to a shaky start in 2022. What was supposed to be a year – according to many industry experts – in which...

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The Situation Surrounding BTC in Kazakhstan Is Getting Worse

Kazakhstan is experiencing civil unrest after a major internet shutdown resulted in many businesses – including crypto mining projects – unable to operate appropriately. Kazakhstan Internet Outage Results in Rioting Kazakhstan has become a new bitcoin mining hub over the past several months following the major China shutdown that occurred in the summer. China announced that to comply with new rules from Beijing designed to make the country more carbon neutral, all...

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Messaging App Giant WeChat to Support Digital Yuan Payments (Report)

China’s leading messaging application – WeChat Pay – will reportedly begin supporting the e-CNY. The app has more than one billion users, meaning the initiative could significantly boost the distribution of the digital yuan. WeChat Adopts Digital Yuan Payments According to a recent CNBC report, WeChat Pay – a multi-purpose messaging and mobile payment app – will begin supporting digital yuan settlements. The company’s move is expected to rapidly increase the number of...

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Kosovo Says “No” to Crypto Mining, Follows in China’s Footsteps

The European nation of Kosovo has banned all bitcoin and crypto mining as a means of saving electricity. The country is currently facing one of the worst energy crises it’s ever experienced, and it’s allegedly due to production outages. Kosovo Becomes the Next Country to Ban BTC Mining Artane Rizvanolli – the economy and energy minister – explained in a statement: All law enforcement agencies will stop the production of this activity in cooperation with other relevant...

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China Releases Digital Yuan Wallet Apps for Android and iOS Stores (Report)

The People’s Bank of China launched a pilot version of its digital yuan wallet application on mobile phone app stores. This is another effort marking the nation’s desire to be the first to develop its own central bank digital currency (CBDC). China’s Most Recent CBDC Push According to a recent tweet by the local news outlet BlockBeats, the digital currency research institute of PBoC released the “e-CNY (Pilot Version)” app – a mobile wallet for the Chinese CBDC – on iOS and...

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The Biggest Bitcoin Price News of 2021

As mentioned in an earlier article today, bitcoin had a big year in 2021. The asset itself and several other forms of cryptocurrency experienced many major developments and there were a lot of things revolving around the world of crypto throughout the past 12 months. How Was the Bitcoin Price Throughout the Year? But those were specific stories. It’s now time to look at bitcoin’s actual price movements throughout the year to see what patterns its followed and to better...

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