The head of Ripple SBI Asia asserts that hashpower is migrating from east to west, however, notes that significant tensions remain between Chinese and U.S. mining firms. Speaking to Cointelegraph, the CEO of Ripple SBI Asia, Adam Traidman, predicted that the mining industry will continue to see hash rate migrate from east to west, asserting […]
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The wet season in Sichuan normally leads to a spike in Bitcoin’s hash rate. Will the same happen this year? The post-halving reality of Bitcoin’s network may soon change shape, some industry insiders argue. The reason is quite simple, and, surprisingly, it has nothing to do with crypto itself: The wet season has arrived in […]
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The biggest port operator in China joined the e-commerce giant and Ant Financial to strengthen blockchain’s adoption across the port industry. China’s biggest port operator, China Merchants Port, reached a deal on May 28 with the e-commerce giant, Alibaba Group, and its affiliate, Ant Financial. This deal will allow for the development of a blockchain-based […]
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Bitmain and Core Scientific partner to offer the first certification courses in the U.S. Bitmain’s “Ant Training Academy” certification program will soon be available in North America. This will be the first location to receive this accreditation outside of China. The new location was developed in partnership with Core Scientific, a U.S. based mining hosting […]
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The world’s existing economies are suffering due to the COVID-19 pandemic, which has revealed the main benefits of decentralized tech and crypto. The COVID-19 pandemic has ravaged the economies of countries all around the world and is showing no signs of stopping. The overwhelming response from global governments has been to place their countries under […]
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China’s new civil code will include cryptocurrency such as Bitcoin to be part of the legal inheritance. The Thirteenth National People’s Congress and Chinese People’s Political Consultative Conference has come to an end on May 28. According to Xinhua news, the same day the parliament passed a new civil code; a legislation package that includes […]
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IMF expert says a synthetic CBDC is gaining popularity and will drive more innovation. Tommaso Mancini-Griffoli, a representative from the International Monetary Fund, believes that a synthetic private-public partnership could be the best way forward for a central bank digital currency. Mancini-Griffoli, the IMF’s Monetary capital markets department deputy division chief, joined the Money Movement’s […]
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Russia’s biggest bank is spending more than $100 million on 5,000 blockchain enabled ATMs … that are capable of mining cryptocurrency. Russia’s largest bank, Sberbank, has called for tenders to provide 4,917 ATMs with a built-in graphic card capable of supporting “blockchain operations”. Cointelegraph spoke with two experts who said the most obvious use case […]
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Brad Garlinghouse, the CEO of Ripple, has taken to Twitter urging U.S. regulators to get on board with cryptocurrencies, or risk losing global financial dominance to China. Ripple CEO Brad Garlinghouse has urged United States regulators “to step up and lean into digital currencies” to avoid falling behind China in the field. In a tweet […]
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Tencent Holdings aims to bolster blockchain technology development across China as part of a $70 billion investment in fintech. Chinese tech giant Tencent Holdings will allocate nearly $70 billion (500B yuan) over the next five years in fintech development, including blockchain, cloud computing, and artificial intelligence (AI). Reuters reported on May 26 that the company, […]
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