Cryptocurrency Analysis and News Portal
Crypto firms are cooking up ways to become “Travel Rule” compliant, Satoshi’s stash got a little bigger and one of Ethereum Classic’s top supporters is walking away from the project. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant.
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China's state-backed Blockchain-based Service Network (BSN) has integrated with six public chains including Tezos, NEO, Nervos, EOS, IRISnet and Ethereum.Developers on these six blockchains will be able to build dapps and run nodes using data storage and bandwidth from BSN’s overseas data centers starting Aug 10.This is part of China's
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A new report by crypto research company Bitooda claims that China accounts for only 50% of global Bitcoin mining capacity, and the U.S. 14%.The data is in sharp contrast with earlier findings from the University of Cambridge Centre for Alternative Finance (CCAF), which put China’s share of the world
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Development of China’s central bank digital currency, or CBDC, continues to show signs of progress. On July 8, a major domestic e-commerce platform and a video sharing site both joined the CBDC project, according to local news. Companies Meituan and Bilibilibili have apparently both begun to cooperate with a number of
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Despite the prolonged U.S.-China trade tensions and Covid-19’s ravaging effects on the economy, China’s tech sector continues to grow, thanks to the nation’s push for tech self-reliance. As a result, China’s tech sector currently has an R&D war chest totaling US$616 billion — and with that, continued investments in blockchain
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China’s state-sponsored Blockchain Service Network (BSN) is reportedly moving to start integrating with public blockchains like Ethereum and Nervos Network.News of these potential integrations come just a week after news broke about the BSN utilizing Chainlink Oracles to increase the speed and security of transactions taking place on-chain.This news seems
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There is an old saying in China: “Building the road is the first step to becoming rich.” Asian countries use infrastructure to boost the economy, and China is probably the most aggressive one — its annual average infrastructure spending is one of the highest at 8.3% of its gross domestic
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China’s Blockchain Service Network (BSN) is integrating Chainlink’s (LINK) oracle service into its ecosystem.BSN was recently formed by China’s State Information Center, China Mobile, China Unionpay, and Red Date Technologies. The goal of this consortium is to build infrastructure that will lower the entrance barriers to blockchain technology.Blockchain was too
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China’s ambitious national blockchain infrastructure project has enlisted two partners to help with two of the biggest challenges with this technology. SmartContract, the company behind the Chainlink oracle network, will help the state-backed Blockchain-Based Service Network (BSN) with sourcing of reliable information about the real world. Meanwhile, Iris Foundation Ltd., an
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In this issue Digital Dollar Project lays out path for an American CBDCElectronics giant LG now part of Hedera HashgraphEnjin plugs blockchain into Minecraft In China: blockchain as cure for gaming addiction, whether DCEP is ready to launch VC highlights in Singapore, the Philippines and JapanFrom the Editor’s DeskDear Reader,Protests and Covid-19 now
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