Iran Raises Alarm Over Potential Influx of Miners From China – Mining Bitcoin News
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China
Trading Platform Huobi to Dismantle Entity in China
The move is less likely to affect the company’s business since it had shifted the exchange overseas a long while ago. A month ago, OKCoin had announced a shutdown of its entity in the country as well.Huobi, the Seychelles-based cryptocurrency exchange is disbanding its entity called Beijing Huobi Tianxia Network
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Huobi winds down former exchange operator in China
Stakeholders in the Chinese firm that was founded to operate cryptocurrency exchange Huobi have resolved to dissolve the entity, according to publicly available records.The firm, Beijing Huobi Tianxia Network Technology Ltd., was established in late 2013 and is 70.52% owned by Li Lin, the founder and CEO of Huobi Group.
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China to Increase Regulatory Pressure on Crypto, Says Bobby Lee
According to Bobby Lee, one of the leading crypto proponents of China, Beijing is no longer interested in encouraging crypto transactions in the country.China has been consistent in suppressing the crypto trade business in the region and has accelerated the regulatory pressure on existing trading units in the country to
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Shipping Network Launches Blockchain Cargo App In China
Trade platform the Global Shipping Business Network has launched its first blockchain-based application in China to reduce paper usage and enhance efficiency and transparency in the shipping industry. Fast facts Named Cargo Release, the new blockchain-based app will connect the whole shipping supply chain, including shipping lines, consignees, their agents and terminals.
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China Debuts Digital Yuan Pilot For Insurance Policies
As part of China’s efforts to expand the scope of its upcoming central bank digital currency (CBDC) project, the city of Shenzhen has issued the country’s first digital yuan insurance policy. Insurance Policy with Digital Yuan In a report by Global Times on Tuesday (July 21, 2021), the Shenzhen branch of the
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Bitcoin’s Hash Rate Originating From China Falls Below 50%
Bitcoin miners based in China now control less than 50% of the total BTC hash rate Hash rate originating within China is dropping as the government continues to crack down on Bitcoin mining The United States is the biggest beneficiary of the migration of mining away from China Bitcoin’s hash rate has also
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China Reiterates its 2018 Ban on Bitcoin Mining and Crypto Trading
China has reiterated plans of cracking down on Bitcoin mining and trading within its bordersBitcoin has dipped from $41k to a local low of $36,600 due to the newsChina’s government had announced and initiated a similar crackdown in 2018 which officially kicked off the bear market thenThe Chinese government has
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China Merchants Bank and Nervos Foundation Come Together to Launch $50M Blockchain Ecosystem Fund
The investments from the $50 million fund will be allocated during a three-year period. Startups building on Nervos will receive an initial investment of between $200,000 and $2,000,000.On Tuesday, May 18, CMB International (CMBI), a wholly-owned subsidiary of China Merchants Bank, has joined hands with China’s leading blockchain solutions provider Nervos Blockchain.
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