Cryptocurrency Analysis and News Portal
China's government has begun rejecting trademark applications related to metaverse projects, according to numerous local media reports.Trademark applications containing yuan yuzhou - Mandarin for metaverse - have been denied registration by the National Intellectual Property Administration, the South China Morning Post (SCMP) reported Monday citing data from business and trademark
Read More
In June 2021, an investor lost RMB 590,000 that he had invested in a crypto token, when the project owners siphoned the money, shut down the website, and were unreachable, Chizhou police said. Hundreds of investors lost RMB 50 million in the scam, the post said. Original Source
Read More
Despite major internet blackouts amid anti-government protests in Kazakhstan, some Bitcoin (BTC) miners operating in the country are not planning to leave the country just yet.BIT Mining, one of the largest BTC mining companies that relocated operations from China to Kazakhstan last year, is still evaluating the impact of political unrest
Read More
A crackdown on bitcoin mining by China has led to an increase in the number of Thai investors that have acquired and are operating mining rigs, a report has said. The report adds that many of these investors are currently earning between $30 and $40 per day from each mining
Read More
Retail cryptocurrency mining in Thailand has apparently received a boost due to the capitulation of Chinese miners triggered by the country’s new crypto mega ban enforced in September.Thai entrepreneurs and cryptocurrency businesses have been increasingly capitalizing on Chinese miners getting rid of their crypto mining machines, Al Jazeera reported Wednesday.“The
Read More
Bitcoin (BTC) balances rising on exchanges may not be a sign of investors preparing to sell, new research argues. Unveiling the latest data from across exchanges on Dec. 28, Glassnode on-chain analyst TXMC pointed the finger at fresh changes in China for rising balances elsewhere.Binance "absorbing" orphaned Huobi usersThe end of
Read More
Even though the People’s Bank of China’s (PBOC) warning on metaverse and nonfungible tokens (NFTs) in November, more than a thousand Chinese companies have submitted thousands of metaverse-related trademark applications.In a summit back in November, Gou Wenjun, the PBOC’s AML and Analysis Center Director, warned about the dangers of digital
Read More
Despite the government’s restriction on bitcoin and an imminent ban on the metaverse, Chinese internet company Baidu announced on Monday that it has filed its metaverse trademark. Baidu And The Metaverse Of Xi’rang According to the most recent trade registration statistics, Chinese enterprises are hurrying to register trademarks related to the metaverse,
Read More
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. Top of the food chainThis probably won’t come as a surprise to anyone in the crypto industry, but Binance
Read More
Qihoo 360 found that 109,000 mining IP addresses were active daily on average in November, mostly in the provinces of Guangdong, Jiangsu, Zhejiang, and Shandong, the company said. Miners mainly use home broadband, enterprise-dedicated internet connections, and data centers, Qihoo 360 said. Original Source
Read More