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“# Central bank digital currencies are dead in the water ” Mark my words: Governments and central banks will never care about your wealth and your privacy as much as you do. That reality is exactly why central bank digital currencies are dead in the water already. They say if you can’t beat them, join…
“# Big Macs for stacking Sats: Bad Crypto news of the week ” Bitcoin continues its bull run. The coin is up more than 12 percent over the last week and is now tickling $16,000. According to the Big Mac Index, a Bitcoin will now buy as many as 6,3421.26 of the giant burgers. It’s…
“#China pushes forward on 6G, while US still working on 5G” China is barreling ahead on ultrafast wireless technology, quietly hurtling the world’s first 6G test satellite into space while the US is still rolling out 5G at a snail’s pace. The satellite, called Star Era-12, has frequency bands so high that they have to…
“# China’s leadership in the Bitcoin mining industry will be challenged ” If you talk about Bitcoin (BTC) mining, you have to talk about China. China has become a giant in the Bitcoin mining ecosystem with major mines and pools, quick, cheap labor and a majority control of the world’s hashing power. So, should you go…
“# China’s BSN predicted as long-term global project, still ahead of others ” First announced in October 2019, China’s Blockchain Service Network, also known as BSN, is aimed at providing a global public infrastructure designed to support both private and public blockchain networks across interconnected cities. According to the BSN introductory white paper, the project…
“# Silence is not golden: OKEx still quiet as customers seek answers ” As the crypto market continues to soar to new heights on a nearly daily basis — with Bitcoin (BTC) currently resting around the $16,100 threshold — the murkiness surrounding cryptocurrency exchange OKEx has continued to linger. OKEx initiated a crypto withdrawal suspension…
“#Feds back down on threat to shut down TikTok in US” The feds have backed down on their threat to ban TikTok — for now. The Commerce Department has decided not to enforce an order that would have shut down the popular short-video app in the US amid a court battle over the move. The…
“#These nations have some nerve to bash America on human rights” UN envoys from some of the world’s worst human-rights-abusing nations must’ve been looking in a mirror during Monday’s UN Human Rights Council proceedings, when they raked America over the coals for abuses far more common, and worse, in their own countries. China (yes, China)…
“# VeChain charts 23% weekly growth as Chinese officials talk usage post-epidemic ” The price of VeChain (VET) extended its rally on Wednesday, building off a solid week of gains following discussions with Chinese government officials centered on a post-epidemic health response. VeChain rose 2% on Wednesday to reach $0.011669, according to CoinMarketCap. Over the…
“#Chinese consumers spend over $100B during shopping festival” Chinese consumers spent over $100 billion during this year’s Singles’ Day shopping festival, signaling a rebound in consumption as China recovers from the coronavirus pandemic and a battering of the economy. From Nov. 1 to Nov. 11, shoppers spent 498.2 billion yuan ($75.1 billion) on Taobao and…