Cryptocurrency Analysis and News Portal
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. It’s been over half a year since the crackdowns began in China and pressure from the top-down government is
Read More
Hong Kong-based cryptocurrency miner BIT Mining (BTCM) said fourth-quarter revenue will fall 10% to 20%, as its mining pool business, BTC.COM, completely exited the Chinese market.“The company is working on solutions with its existing users in China, such as migrating such users’ mining machines to overseas markets, so that they
Read More
North American dominance in bitcoin mining continues to strengthen as most miners continue their migration out of China since the country’s sweeping ban on all crypto-linked activities in July.Most recently, bitcoin miner Bit Digital said Wednesday it has moved all of its mining rigs to North America.“Our mining assets are
Read More
China has issued a warning to its state-owned enterprises to stop cryptocurrency mining. It also warned that it would increase electricity rates for companies that continue to defy the ban. This latest warning comes amid the ongoing crypto ban in the East Asian country. Some months ago, the government of China
Read More
China is pressuring its own state-owned businesses to cease mining cryptocurrencies, and the government is considering harsh penalties on firms that continue, including higher energy expenses.According to reports, Meng Wei, a spokesperson for the National Development and Reform Commission (NDRC), said at a press conference that as China's top economic planner,
Read More
China may hold the largest number of blockchain patent applications in the world — but according to at least one measure, the greatest number does not mean the greatest significance. As of the end of October, nearly 7,800 companies from about 50 countries and regions around the world have filed a
Read More
Huobi Global, one of the world’s largest cryptocurrency exchanges by trading volumes, is winding down operations in Singapore shortly after exiting China.Huobi will have shut down accounts of all Singapore-based users by the end of March next year, the company officially announced late Tuesday.All Huobi clients based in Singapore should
Read More
Amid the global energy crisis, nine companies from four countries — China, Japan, Australia and Saudi Arabia — announced they will jointly build a blockchain documentation platform to speed up customs clearance and cargo delivery to trade the commodities of energy, chemical products and metal. Fast facts Platform participants includes Sinochem Energy, Mitsui.Co,
Read More
Huobi Group, a Bitcoin (BTC) technology firm established in 2013, is relocating its spot-trading business to Gibraltar as a precautionary measure following China’s cryptocurrency clampdown.According to a report by Bloomberg, the Gibraltar Financial Services Commission has authorized Huobi to begin moving its spot-trading operations to affiliate Huobi Technology (Gibraltar) Co.
Read More
The Bank of China has shown a machine that converts foreign currencies into digital yuan, China Times reported today.The machine is likely in preparation for the 2022 Beijing Winter Olympics, when the central bank digital currency (CBDC) is set to be introduced to the rest of the world.Users need to
Read More