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” BIS marks CBDC pilot as ‘successful’ with $22M transacted “ A multi-jurisdictional Central Bank Digital Currency (CBDC) pilot has been marked “successful” by the Bank for International Settlements (BIS) after a month-long test phase that facilitated $22 million worth of real-value cross-border transactions. The central banks of Hong Kong, Thailand, China and the United…
” China GPU prices drop to new lows after the Ethereum Merge “ As the Ethereum network’s move to a proof-of-stake (PoS) consensus mechanism drives adoption from institutional investors, the prices for graphics processing units (GPUs), often used for mining cryptocurrencies like Ether (ETH), have gone down in China. Following the historic Ethereum Merge on…
” China accounts for 84% of all blockchain patent applications, but there’s a catch “ China accounts for 84% of all blockchain applications filed worldwide, according to the latest data shared by the country’s government official. China has steered clear of the cryptocurrency market. However, the Beijing government has been supportive of the underlying blockchain…
“Fact-checkers, social media cops lose AGAIN in fight to find real origins of COVID” In yet another black mark for social media censorship, it turns out that one of the key figures in the blocking of the February 2020 Post opinion column that floated the COVID lab-leak theory had a huge vested interest in suppressing…
” Data challenges the DXY correlation to Bitcoin rallies and corrections ‘thesis’ “ Presently, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative. Traders and influencers have been issuing alerts about this…
” Possession of Bitcoin still legal in China despite the ban, lawyer says “ Despite enforcing a major cryptocurrency ban one year ago, the Chinese government still protects local crypto investors as crypto is recognized as virtual property protected by the law. One of the world’s most hostile countries toward Bitcoin (BTC), China has not…
” Bitcoin’s in a bear market, but there are plenty of good reasons to keep investing “ Let’s rewind the tape to the end of 2021 when Bitcoin (BTC) was trading near $47,000, which at the time was 32% lower than the all-time high. During that time, the tech-heavy Nasdaq stock market index held 15,650…
” Data shows Bitcoin and altcoins at risk of a 20% drop to new yearly lows “ After the rising wedge formation was broken on Aug. 17, the total crypto market capitalization quickly dropped to $1 trillion and the bulls’ dream of recouping the $1.2 trillion support, last seen on June 10, became even more…
“China sentences tycoon Xiao Jianhua to 13 years, fines Tomorrow Holdings $8.1 billion” A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record in China. Xiao and Tomorrow Holdings were charged with illegally siphoning away public deposits, betraying the use of entrusted property, and…
“At least 300 TikTok employees worked for Chinese state media: report” A new report found some overlap between hundreds of employees at TikTok’s parent company ByteDance and Chinese state media outlets. Forbes surveyed hundreds of LinkedIn profiles for the tech firm’s employees, finding at least 300 workers had previously held positions in Chinese state media – and…