Beijing to distribute over $6m in CBDC testing
In June, Beijing authorities will distribute central bank digital currency to the population. Lottery winners will receive 'red envelopes' containing 200 digital yuan.
Beijing to distribute over $6m in CBDC testing
In June, Beijing authorities will distribute central bank digital currency to the population. Lottery winners will receive 'red envelopes' containing 200 digital yuan.
Chinese online brokers Tiger Brokers and Futu to launch cryptocurrency trading
Chinese online brokers Tiger Brokers and Futu will add cryptocurrency trading functionality. This was disclosed by platform representatives during investor conference calls in late May, according to SCMP.
Overseas customers accounted for 78% of Canaan’s revenue
During January–March 2021, the revenue of the Chinese mining equipment maker Canaan Creative rose 5.9x year-over-year to 402.8 million yuan ($61.5 million). The share of overseas device sales rose from 4.9% to 78.4%, according to the financial report.
Ray Dalio: the digital yuan will be more competitive than the digital dollar
The digital dollar could become a viable currency, but the digital yuan would be more competitive on price and yield, Ray Dalio, founder of Bridgewater Associates, told The Block.
How Kazakhstan’s proposed extra charge on mining could deter Chinese miners’ migration
After a sharp tightening of rhetoric toward the crypto industry in China, local miners began seeking other jurisdictions. Kazakhstan emerged as a destination. However, interest from Chinese miners may wane due to a proposed additional electricity charge for miners.
Creator of the digital yuan envisions CBDC operating on networks like Ethereum
CBDCs could operate on networks such as Ethereum and Diem, complementing two-tier models in which central banks distribute tokens through intermediaries. The view was expressed by former head of the National Digital Currency Department at the People's Bank of China (PBoC), Yao Can, according to CryptoNews, citing local media.
Chinese traders weather the first shock from authorities’ criticism of Bitcoin
The USDT-to-yuan rate retraced more than half of its 4.4% losses recorded after the release of a Xinhua News Agency piece {{AOPEN_1}}with criticism of Bitcoin{{ACLOSE_1}} and cryptocurrency mining, Bloomberg reports.
Bitcoin mining difficulty falls by 16%
As a result of the latest difficulty adjustment, mining difficulty for the first cryptocurrency fell to 21.05 T.
Chinese ASIC-miner manufacturers to boost shipments to Kazakhstan and Canada
Chinese crypto-mining equipment manufacturers are shifting their supply focus to Central Asia and North America amid tougher government statements on mining.
Media: Sichuan to assess impact of Bitcoin mining ban on the energy sector
On June 2, Sichuan provincial authorities will hold a seminar on using excess hydroelectric power in the context of the cryptocurrency mining ban.We use cookies to improve the quality of our service.
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