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Category: china

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Bitcoin’s got 3 strikes, but investors remain calm despite price drop

On March 15, 2022 By John Davidson In china, Derivatives, Europe, futures, Markets, Mining, Monero, premium, privacy, Rune, Tether

After Bitcoin (BTC) faced its third consecutive rejection, investors became more confident in adding altcoin positions. For the leading cryptocurrency, the path to $50,000 appears more challenging than previously expected. According to Euronews Next, on …

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Chinese police seize 190 crypto miners from an illegal mining farm.

On March 8, 2022 By John Davidson In Beijing, Bitcoin Mining, china, Mining, Mining Pools, Regulation

The Guangdong province’s Development and Reform Commission has reportedly busted an illegal crypto mining farm secretly operating in an electric vehicle charging station. According to a local newspaper, the secret crypto mining farm was discovered …

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Tencent information for patent associated to digital concert events in Metaverse

On March 3, 2022 By John Davidson In Bank Of China, china, Metaverse, Peoples Bank of China, Regulation

Chinese language tech conglomerate Tencent has filed for a digital concert events patent with the Chinese language Nationwide Mental Property Administration (CNIPA) in line with enterprise data-tracker Qichacha. The applying comes as Chinese language firms …

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China’s Supreme Court adds digital currency to list of illegal fundraising methods

On February 24, 2022 By John Davidson In Beijing, china, Court, Crowdfunding, digital currency, Regulation, Virtual Currencies

China’s hardline policy on crypto took another turn on Thursday as the country’s Supreme Court revised its judicial interpretation for illegal fundraising to include digital currency transactions. The Chinese Supreme Court issued a revised version …

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Chinese regulator of banking warns against fraud in metaverse

On February 18, 2022 By John Davidson In Blockchain Game, china, Cryptocurrencies, Metaverse, Regulation

After eradicating crypto trading and mining in the country, the Chinese government’s next concern lies with the growing scams around the metaverse projects. A risk alert was issued by the Chinese Banking and Insurance Regulatory …

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Crypto on the Olympics: NFT skis, Bitcoin bobsledders and CBDC controversy

On February 15, 2022 By John Davidson In Bank Of China, Central Bank, china, Decentralization, Law, Peoples Bank of China, Regulation, Technology, united states

The 2022 Winter Olympics, formally known as the XXIV Olympic Winter Video games, kicked off on Feb. 4 in Beijing with crypto being a significant a part of the occasion, partly due to the Chinese …

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China’s Metaverse Plans: No need for decentralization

On February 11, 2022 By John Davidson In china, Decentralization, international markets, Metaverse, Regulation

Experts say that China’s corner of the Metaverse is likely to evolve very differently to other international markets and that decentralized infrastructure may not be part of the game plan. The Sino Metaverse appears likely …

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Vibe killers

On January 23, 2022 By John Davidson In Bitcoin Regulation, Bolivia, cbdc, Central Bank, china, Cryptocurrencies, Indonesia, Law, Nepal, Nigeria, Regulation, Russia, Turkey

Last week, Pakistan’s Sindh High Court held a hearing on the legal status of digital currencies that might lead an outright ban of cryptocurrency trading combined with penalties against crypto exchanges. Several days later, the …

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Fed’s Lael brainard encourages Congress to ask whether they will face off with China’s digital currencies.

On January 13, 2022 By John Davidson In cbdc, china, congress, federal reserve, Government, lael brainard, Regulation, united states

Lael Brainard is a member the Federal Reserve board and stated at her confirmation hearing before senators of Senate Banking Committee that Congress will eventually need to decide whether to approve central bank digital currencies …

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