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Tag Archives: China

Nano Labs Seeks Financial Boost with Bitcoin Payments Amid Financial Struggles

Chinese fabless integrated circuit design company Nano Labs has announced that it has opened a Coinbase account and begun accepting Bitcoin payments for its products. Its decision to expand its global transaction options coincides with Bitcoin reaching an all-time high of $90,000. Nano Labs Turn to Bitcoin In its official press release, Nano Labs stated that it is responding to the growing demand for digital currency transactions in the technology sector by accepting Bitcoin...

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Chinese E-commerce Giant Alibaba Downsizing Metaverse Unit to Streamline Operations: Report

In line with a broader trend among major tech firms, Chinese e-commerce behemoth Alibaba is downsizing its metaverse operations. The restructuring, which aims to improve efficiency, led to layoffs in Yuanjing, Alibaba’s metaverse unit, as the company recalibrates its focus in this sector. Downsizing Metaverse Unit According to the report by South China Morning Post, which is also owned by Alibaba, this move has affected “dozens” of employees. The layoffs reportedly impacted...

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Former Chinese Finance Minister Calls for Closer Study of Cryptocurrency

At the 2024 Tsinghua PBC Chief Economist Forum, former Chinese Vice Minister of Finance Zhu Guangyao urged China to re-evaluate its approach to the crypto industry. He cited the evolving international stance on digital currencies, particularly in the United States, where the asset class has gained political support from key figures like U.S. presidential candidate Donald Trump. Policy Shift In his speech, Zhu acknowledged the risks and challenges posed by crypto but...

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Justin Sun Calls for China to Reevaluate Crypto Stance

Tron founder Justin Sun has urged China to reconsider its stance on cryptocurrency and embrace friendly policies. Sun’s call to action comes in the wake of former President Donald Trump’s speech at the Bitcoin 2024 event, where the former President pledged to prevent China from dominating the global digital asset industry. Sun Sees US-China Crypto Rivalry as a Positive Force In a July 28 post on X, Sun urged China to advance its crypto regulations in response to former...

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Stablecoins: Die Erfolgsgeschichte von USDT

USDT is one of the most widely adopted stablecoins, which are blockchain-based currencies that are tied - or tethered - to fiat currencies. Tether's mission is to offer a safer digital asset that isn't affected by market volatility in the same way that Bitcoin is. In der sich ständig weiterentwickelnden Welt der Kryptowährungen haben sich Stablecoins als unverzichtbare Stütze erwiesen. Sie bieten Stabilität inmitten der Volatilität und ermöglichen es Anlegern, die Vorteile der...

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Seltene Erden – Technologische Wundermetalle mit Schattenseiten

Zu den Metallen der Seltenen Erden gehören die chemischen Elemente der 3. Nebengruppe des Periodensystems und die Lanthanoide – insgesamt also 17 Elemente. Im Bild: Seltene Erden aus Baotou, China Foto CC 3.0 by Brücke-Osteuropa Seltene Erden, auch Seltenerdmetalle genannt, sind eine Gruppe von 17 chemischen Elementen, die trotz ihres Namens gar nicht so selten sind. Einige von ihnen kommen in der Erdkruste sogar häufiger vor als beispielsweise Blei oder Kupfer. Ihre...

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Crypto Deposits to Chinese Drug Producers’ Addresses Double in Early 2024 Compared to 2023

Blockchain intelligence firm TRM Labs has revealed that cryptocurrency deposits into crypto addresses linked to Chinese drug precursor manufacturers more than doubled in the first four months of 2024 compared to the same period in 2023. In 2023, Chinese precursor networks received over $26 million in cryptocurrency, with 97% of the over 120 manufacturers studied offering payment options in digital currencies. Bitcoin Dominates Transactions According to TRM Labs, the overall...

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