Tag Archives: China

Is China suddenly withdrawing the legality of cryptocurrency mining?China Takes a Stab At a Mining OperationRecently, the country – which has held a rather negative attitude towards bitcoin and digital currency – announced that the process of mining and extracting new digital coins was legal. China had been engaged in a hot debate over the legality of crypto mining given that it was allegedly causing irreparable damage to the environment. However, after several months of going back and forth,...

A leading Chinese marketing and management behemoth, ChinaNet, has announced that vibrant and pro-blockchain Mr. Yingguo Guo is now the new Chief Technology Official (CTO) of the company, according to a press release today.ChinaNet Hires Pro-Blockchain ExecutiveChinaNet is a NASDAQ-listed company (Nasdaq-CNET). According to the company’s website, ChinaNet is “integrated online advertising, precision marketing, and data analysis and management services platform” that is focused on providing...

The British Virgin Islands are trying to take over the monetary space by establishing their own cryptocurrency. The asset would serve as the region’s national form of fiat, but how valid is the plan?British Virgin Islands Constitute High Levels of Crypto ActivityIt appears we’ve entered an age where virtually every country or corporation is looking to establish some sort of presence in the crypto arena. Examples include China and, of course, Facebook.China is a huge country with more than a...

It’s clear why China has suddenly become so “kind” and open-minded towards bitcoin mining… It now controls approximately two-thirds of the world’s bitcoin and crypto mining power.China: The Crypto Mining KingAccording to a new report, bitcoin miners in China control approximately 66 percent of the global hash rate, which is the measure of power that ushers one’s ability to mine and extract new coins. This is a six percent increase from the summer, when China controlled approximately 60...

The popular Chinese social platform, Weibo, had reportedly closed Justin Sun’s account. Tron’s Founder and CEO is one of the most influential people within the cryptocurrency community, and the closure of his account could be regarded as a continuation in China’s negative views on cryptocurrencies.Weibo Closes Sun’s AccountWeibo, the famous Chinese social network, has purportedly closed the account of Justin Sun. Sun is the Founder and CEO of one of the most notable cryptocurrencies –...

India is once again talking about banning crypto.Hey, India: Make Up Your Mind!It’s a situation India has been in before. Prior to this big argument, the country initiated a ban on banks doing business with cryptocurrency and blockchain ventures. Thus, these companies did not have any financial authorities to oversee their transactions.While the ban was relatively limited in scope, many news and media outlets misreported this as India was implementing a full ban, and likely bitcoin and crypto...

One source is saying that the reason for bitcoin’s recent nosedive has to do with the idea that interest in China is starting to wan.China: The Land of Bitcoin’s Life… and Death?China is arguably the biggest bitcoin haven in the world. Home to two of the world’s largest crypto miners in Canaan Creative and Bitmain, the country has become rather “kind” and open-minded when it comes to digital currency despite several steps to seemingly shut them out before. Among the maneuvers taken to prevent...

According to one source, the bitcoin sell-off is showing no signs of calming down, but this might not necessarily affect the currency in a negative way.Will Bitcoin Survive the Sell-Off?As we all remember, bitcoin has had a very mixed two months in both October and November. Things ultimately started in late September when Bakkt – the institutional crypto trading platform owned and governed by the Intercontinental Exchange (ICE) – made its official debut on September 23. Despite nearly a year...

VeChain is up 26% today. Microsoft and VeChain Thor collaborate on a retro game project. It’s been a good few months for VET. While the rest of the market continues to torment investors, one cryptocurrency is covering some significant ground. VeChain (VET) is up 26% today and showing no signs of slowing down, but what’s driving the token? Impressively, the token is back to price highs not seen since May this year. VeChain up 26% | Source: CoinmarketcapIt seems a trifecta of partnerships,...

One of the biggest datacenters in Russia, Bit River, is open for business, and is already making a name for itself within the cryptocurrency mining community.Bit River Is About to Hit the TopBitcoin mining is one of the most controversial maneuvers in the world. On the one hand, if you find yourself getting into it, there’s a lot of money to be made. At the same time, there are a lot of arguments that the effects of bitcoin mining could be hazardous to the environment.One such country that...