China has once again become one of the leading Bitcoin miners. Chinese miners accounted for one-fifth of the global distribution of hash rate (a measure of mining performance). And this despite the legal ban on mining in China.
China has once again become one of the leading Bitcoin miners. Chinese miners accounted for one-fifth of the global distribution of hash rate (a measure of Mining performance). And this despite the legal ban on Mining in China.
A court in Hangzhou, China, found BigVerse, a trading platform for non-interchangeable tokens, guilty, the South China Morning Post reported. The ruling came after Shenzhen-based Qice filed a lawsuit against NFTCN, the parent company of BigVerse.
A group of Mining companies posted a report stating that Bitcoin Mining power consumption was down 25% in January-March compared to the same period in 2021. Michael Saylor, CEO of board member MicroStrategy, said that bitcoin mining hash rate was up 23 percent year-over-year, while energy consumption was down 25 percent due to a 63 percent increase in Mining efficiency.
The Vietnam Digital Communications Association (VDCA) announced that the union is to provide advisory services to individuals and companies operating in the cryptocurrency market. VDCA President Nguyen Minh Hong believes that Blockchain and artificial intelligence are key technologies of the fourth industrial revolution:
According to a statement posted on Ted Cruz’s official website, the bill would prohibit the U.S. Federal Reserve (Fed) from issuing Central Bank Digital Currency (CBDC) directly to individuals.
At an event titled “China Conference: Southeast Asia”, central bank representatives from the two countries said they were interested in issuing central bank digital currencies (CBDC). This was reported by the South China Morning Post.
Russia could sell energy resources to “unfriendly countries” for rubles and gold, and for “friendly countries” to transfer payments in their national currencies and, if possible, sell for Bitcoins, said the head of the State Duma Committee on Budget Pavel Zavalny.
The former head of one of Bank of America’s divisions believes that only political motives prevent U.S. authorities from banning Bitcoin.
This is the first online cryptocurrency pyramid scheme in Shanghai, according to local publication Baijiahao. The Shanghai police investigated the scammers, involving colleagues in Beijing, Hainan, Shaanxi, Sichuan and other cities in China. The investigation lasted more than six months.