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RRMine Global, a Filecoin service provider offering global cloud-computing asset management, announced Wednesday that it has shut down business operations in mainland China and is relocating its headquarters to Singapore. The company said the decision to move countries and launch upgrades to their system came after the it rebranded from RRMine
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The move was spurred by tightened restrictions on crypto in China and concerns over the country's Web3 strategy. Source
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Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to
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China’s Blockchain-based Service Network (BSN), a major state-backed digital infrastructure company, on Tuesday launched BSN Spartan Network, which it said was a new international network for public blockchains with no cryptocurrency involved.BSN, regarded by some as leading the digital equivalent of Beijing’s multibillion-dollar Belt and Road infrastructure plan, was founded
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The China Energy Administration (CEA) will explore blockchain-based power trading platforms to facilitate electricity trading between self-contained power generation units and the state and national grids, according to a policy document released last Friday.see related article: The Bitcoin-energy connection intensifiesFast factsBlockchain technology’s immutable characteristic can provide transparent and reliable electricity metering
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Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus in Guangzhou will be able to purchase their tickets using the state-issued digital currency. Residents and Visitors of Another 2 Chinese
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From ominous speculation about the potential economic fallout of military conflict between Taiwan and China, to markets being flooded with designer watches in the wake of a crypto downturn, to warnings of worse bear markets and soccer franchises pushing forward in the realm of metaverse ambitions, there’s once again never
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BitMEX analysts have penned a blog post arguing that a threatened fork from the Ethereum blockchain might generate some interest from market participants. Source
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While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst of “creating an international reserve currency.” Analysts believe the BRICS reserve currency is meant to rival the
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Those of us anxiously awaiting a summer relief rally for Bitcoin (BTC) may have to wait a little while longer. The bear market is still cleansing us of our excess — and revealing the most toxic players in our industry. I’ve talked to you about Terra (LUNA) — now renamed Terra
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