Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023, the search term “banking crisis” reached the top Google Trends
BTC.com, the seventh-largest Bitcoin mining pool, said that its client fund services are unaffected by the recent $3 million cyberattack. Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of funds by the company and its customers.BTC.com experienced a cyberattack on Dec. 3, with attackers stealing around $700,000 in client
Rumors of expanding war, massive inflation destroying people’s purchasing power, and widespread volatility in the world of fiat currencies shaped the news this past week, with similarly dynamic developments in the world of cryptocurrency. Rich Dad Poor Dad author Robert Kiyosaki says the “end is here” for fake money. This and more just below in
Scan and pay with e-CNY is now available in multiple Chinese cities for citizens looking to ride their local buses and subways. According to multiple sources, on Tuesday, China officially began rolling out the next round of its central bank digital currency (CBDC) pilot test program. In the city of Guanzhou, it is now possible
Some of the key areas of blockchain development include manufacturing, energy, government data sharing and services, law enforcement, taxation, criminal trials, inspection, and cross-border finance. The Cyberspace Administration of China (CAC) announced the commencement of an in-house effort to expedite blockchain development and innovation across 15 zones and 164 entities. The initiative aims for the large-scale…
Chinese blockchain project BSN comes to Turkey and Uzbekistan after launching the BSN Hong Kong and Macau portal. The Chinese government-backed blockchain project, the Blockchain-based Service Network (BSN), continues expanding its global presence by setting up two new portals in Turkey and Uzbekistan.Red Date Technology, the architect behind the BSN project, has signed an agreement…
Bitcoin derivatives markets flipped neutral-to-bearish after China’s ‘crypto ban’ announcement triggered a BTC price dip to $40,600. China bans Bitcoin (BTC), again.No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures…
Anhui has reportedly become China’s latest region planning to end cryptocurrency mining. The province is going to shut down all mining facilities due to power supply shortages, according to local media. Another source revealed that the state-run network operator has issued a closure notice for bitcoin farms across the country. Anhui to Halt Bitcoin Mining…
China’s Yunnan province will be investigating bitcoin mining operations that are using power supplies illegally.According to a news report by local outlet China Star Market, the Chinese province of Yunnan’s energy bureau has required its subordinate departments to inspect bitcoin mining companies in the region for illegal activities.The alert detailed that such inspections seek to…
Chinese internet services are censoring bitcoin exchange searches and mining operations in China have reportedly been asked to shut down.Major internet service companies in China, including Baidu and Weibo, are censoring keywords related to bitcoin exchanges, as verified by Bitcoin Magazine.At the time of writing, Google-like Baidu and Twitter-like Weibo are both omitting search results,…
Macau’s casino junket operators have already been on the rocks during the coronavirus pandemic, and some fear that they could be “faded out” following the introduction of a fully traceable digital yuan. Beijing’s bid to better control money laundering and illicit transactions through a fully traceable central bank digital currency could pose a threat to the…
A deputy governor of the People’s Bank of China has revealed that the central bank considers cryptocurrencies to be investment alternatives Li Bo, a deputy governor of the People’s Bank of China (PBoC), has revealed that the central bank views cryptocurrency assets as alternative investment vehicles. He said this while discussing the regulatory uncertainty in…
Carter argues that mining is concentrated in areas where there is an excess of energy. Coin Metrics co-founder Nic Carter has produced a well-researched rebuttal to some of the key claims suggesting power-hungry Bitcoin mining is causing an environmental disaster.In an in-depth article called Noahbjectivity on Bitcoin mining penned on March 30, the Castle Island…
NFT mania is reaching Asia as one of the region’s most popular social media influencers is set to tokenize a series of videos. Bart Baker, arguably the most famous American social media influencer in China, is releasing a series of nonfungible tokens, or NFTs, in collaboration with DeFine Art.Baker, who has around 24 million followers…
The original report from GizChina said that a software developer had modified the CPU and graphics cards on the new gaming console to mine crypto. While users might still be able to adapt some gaming consoles for mining cryptocurrency, evidence suggests that recent reports of a modified PlayStation 5 mining Ether (ETH) are fake.According to…
EY is collaborating with major Chinese blockchain projects like BSN and FISCO BCOS to expand its blockchain deployment in China. Ernst & Young, one of the world’s largest professional services networks, is expanding its blockchain services in China in partnership with major local blockchain projects.According to a Feb. 5 announcement, EY will deploy its blockchain…
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