“China has declared war on crypto as part of this broader cold war that we’re getting into,” Mike Novogratz stated.
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Bitcoin electricity consumption falls to November 2020 levels: Data
Bitcoin’s total annual electricity consumption has fallen almost 60% since its all-time peak recorded in mid-May, according to industry data.
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China’s digital yuan deploys at speed, leaving dust in its path
From being labeled impractical to nearing mainstream deployment, the digital yuan can transform the global economic landscape.
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China’s central bank worried about stablecoins’ risk to financial systems
While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems.
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Chinese Bank Employees Told to Entice 300 Customers to Use the Digital Yuan
In mid-May, a report stemming from residents in Shenzhen, China explained that the digital yuan wasn’t seeing widespread participation, which the Chinese government has alluded
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China Shuts Down Software Maker Over Suspected Crypto-Related Activity, Issues Industry-Wide Warning
The People’s Bank of China (PBOC), the country’s central bank, has shut down a software firm over suspected involvement in cryptocurrency transactions. The central bank
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