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Tag Archives: China

BRICS New Development Bank: Die Entwicklungsbank

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...

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Chinese Official Sentenced to Life Imprisonment for Bitcoin Mining Operation and Corruption Charges

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...

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Maximum Contol: China Plans to Monitor all Metaverse Users (Report)

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...

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Drew Pavlou: China was Willing to Pay BTC to Have Me Killed

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...

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Jeremy Allaire: China Will Once Again Learn to Love BTC

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...

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Vilonia, Arkansas Could Soon Be Home to a New Chinese Crypto Mining Facility

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...

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Crypto Prices Rise Following Positive Sentiment from Hong Kong

Towards the end of May, crypto prices rose somewhat following news that Hong Kong would permit retail trading and move in the opposite direction of its mainland countrymen. Hong Kong Says “Yes” to Crypto Trading Bitcoin, for example, which had been trading in the mid-$26,000 range for several weeks, eventually shot beyond the $27K mark for the first time in a while, while Ethereum – which had fallen into the $1,700 range – shot up to about $1,850. The jumps...

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New Crypto Bill in Texas Would Really Hurt Miners

A new bill is making its way to the Texas House of Representatives that might make it hard for crypto mining companies within the state to gain access to the funds and resources they need to stay afloat and function properly. Texas Crypto Bill Is the Wrong Move The bill, for one thing, would ensure that power costs for the largest crypto miner in the state will increase by as much as $30 million each year. Also, miners would only be able to provide a limited...

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The Global Race to CBDCs: 130 Countries Already Exploring (Research)

An analysis conducted by Atlantic Council revealed that 130 nations, or 98% of the global GDP, are “exploring” a central bank digital currency (CBDC).  11 countries have fully launched one, with China being an example. A Closer Look at the CBDC Trends The research estimated that 95 counties had joined the CBDC race in the past three years. As of the moment, 130 nations have introduced some programs, with many being developed economies, such as Japan, South Korea, Australia,...

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