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China
China’s Xiong’an New Area Begins Using Digital Yuan for Salary Payments
The country is testing the currency in different pilots.
Week in Review: El Salvador's Currency Law and International Ramifications, U.S. Lawmakers Put Bitcoin on Trial, China's BTC Mining Crackdowns and More
Taking a look at this past week's stories making waves in the cryptocurrency space: El Salvador adopting bitcoin as legal tender, the IMF's cautious warning, and various U.S. lawmakers questioning bitcoin's volatility. Plus, an update on China's bitcoin mining crackdowns.
Chinese Province Cracks Down on Unauthorized (Not All) Bitcoin Mining
The Yunnan Energy Bureau stopped short of an all-out crypto mining ban.
Corrected: Yunnan Province Did Not Order Crypto Miners to Shut Down
The source for the original report appears to have been a counterfeit.
Cryptocurrency’s Environmental Concern
Argo Blockchain CEO Peter Wall addresses bitcoin's growing energy problem in light of recent developments around El Salvador exploring volcano-powered bitcoin mining and China's continued crackdowns on bitcoin mining operations. Plus, his comments on Argo's recent stock performance and outlook.
Bitcoin Price Rises Above $37K. What's Next?
The price of bitcoin has risen above $37,000 amid bullish news from El Salvador adopting bitcoin as legal tender and bearish news from China cracking down on more mining operations. Lindsay Joo of BitBull Capital shares her analysis of the possible factors impacting BTC's price and where we go from here. Plus, altcoins of interest to Joo and the inflation impact on crypto markets.
Bitcoin Hot in Singapore; China Widens Crypto Mining Bans
Bitcoin as legal tender a hot topic in Singapore. China bans crypto mining in Changji city and Qinghai province, and over 1,000 arrested in China on crypto-related money laundering charges. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Developer of China's Blockchain-Based Service Network Gets $30M in Series A Funding
The funding will go towards bolstering BSN's team as well as expanding the firm's global market for its platform.
Americans Earned Over $4B in Bitcoin in 2020, More Than Triple the Investors in Other Countries
A new study that shows which countries have realized the most bitcoin gains reveals American investors earned over $4 billion in bitcoin in 2020, more than triple that in any other country. CoinDesk’s Director of Data and Indexes Galen Moore digs into the data.
Bitcoin Hashrate Declining Amid China Crackdown
The bitcoin hashrate tumbles amid more crypto mining operations in China shutting down. The country’s Qinghai province is the latest to announce a new crypto ban, following Xinjiang and inner Mongolia. Darin Feinstein of Blockcap, one of North America’s largest miners, weighs in.