Cryptocurrency Analysis and News Portal
A Chinese court stated that there is no law regarding cryptocurrency, an indication that investors would carry out crypto investment at their peril. No Protection for Chinese Crypto Investors According to the South China Morning Post on Monday (August 23, 2021), an intermediate court in the city of Jinan revealed that cryptocurrency
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While China continues to stomp on the cryptocurrency industry, its blockchain technology keeps advancing in accordance with the country’s national strategy and its 14th five-year plan. Ansteel Group, a state-owned iron and steel maker, is among the latest to incorporate blockchain technology into its business. Its international trade unit recently issued
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China continues its crackdown on certain illegal social organizations, as authorities shut down the website and social media accounts of the China Blockchain Application Center — a organization once led by some of the nation’s most prominent crypto industry leaders, state media China National Radio reported yesterday. Fast facts The China Blockchain
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The Shenzhen branch of the People’s Bank of China is taking a hardline approach to cryptocurrency-related activities deemed illegal. According to a report from state-run Shanghai Securities News yesterday, the branch has recently “cleaned up and rectified” 11 new companies suspected of engaging in illicit crypto trading.The report did not
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What is the new “China Model”? And why would that country ban an industry that made them the ultimate leaders in the most important development in recent times? The world is still scratching its head. There has to be something else to this story. Is it only control that they
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After all, planes fly in all directions, and Kazakhstan, Russia, Iran and Malaysia all have mining infrastructure and are located in much closer proximity However, while their capacity is growing as a result of China’s actions, the United States seems to be a clear winner in this post-crackdown race; according
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Following Beijing’s crackdown on energy-sapping Bitcoin (BTC) mining, Guizhou province has become the country’s first to make use of its freed-up power capacity to advance a climate-conscious agenda. The hydroelectric-rich southern province has recently announced a plan to build at least 4,500 electric vehicles (EV) charging stations in 2021. This will
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At the same time that China has declared war on cryptocurrencies, giant American banks appear to be embracing crypto — evident the final week of July with the news that crypto firm Lukka will provide State Street Bank’s private fund’s clients with digital and crypto asset fund administration services. This
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