Mongolia Archives - Page 3 of 5

Chinese Blockchain-Based Mobile Payment Revolution: How Is the Biggest CO2 Polluter Becoming Leading World Solar Panels Producer

January 20, 2020cashtechnews

China leads the blockchain-based mobile digital payment revolution. Society is now witnessing the implementation of digital currencies, AI and blockchain technology worldwide. These new digital technologies require a high consumption of electric energy, which is currently produced with coal and fossil fuels that adversely impact the environment. A global shift toward green energy will require […]

Blockchain-Powered App Helps Mongolian Herders Trace Cashmere

January 10, 2020cashtechnews

Startup creates blockchain-powered mobile app to track and certify sustainably produced cashmere from Mongolia. Toronto-based startup Convergence.tech has successfully concluded a blockchain-based pilot to help Mongolian nomadic herders track and certify sustainable cashmere. The supply chain project, which was conducted with the United Nations Development Program (UNDP), is powered by Convergence.tech’s Ethereum-based traceability platform, Backbone. […]

Chinese Bitcoin Miners Pressured to Scale Down Due to Electricity Shortages

December 30, 2019cashtechnews

Bitcoin mining farms in the Chinese province of Sichuan are under pressure from local authorities to scale down operations due to electricity shortages. Bitcoin (BTC) miners in the Chinese province of Sichuan are reportedly under pressurelocal authorities to scale down their operations due to electricity shortages. On Dec. 29, the Asia Times reported that during […]

Chinese Authorities Confiscate Nearly 7,000 Crypto Mining Machines

December 23, 2019cashtechnews

Chinese authorities have seized nearly 7,000 crypto mining machines consuming electric power illegally. Chinese authorities have seized nearly 7,000 crypto mining machines, illegally consuming electric power. The cryptocurrency mining confiscation came as part of an inspection of more than 70,000 households, 3,061 merchants, 1,470 communities, as well as factories, mines, courtyards and villages in the […]

Crypto Will Eventually Replace Fiat, but How Soon and Where?

December 20, 2019cashtechnews

The Deutsche Bank Imagine 2030 report highlights centralized tokens as the driver for fiat’s demise. A recently unveiled Deutsche Bank “Imagine 2030” report boldly puts a date on the eventual fiat–crypto “social consensus flip,” citing the Asian continent and, in particular, China, to have already recognized the trend. If true, then what every cryptocurrency speculator […]

Study: China’s BTC Miners Control 66% of Global Hash Rate

December 11, 2019cashtechnews

China’s Sichuan province accounts for over 50% of the global hash rate, according to a study by digital asset manager CoinShares. Chinese Bitcoin (BTC) miners are now responsible for controlling as much as 66% of global hash rate, a new report claims. China’s Sichuan province is accounting for over half the global hash rate, according […]

New Research: Bitcoin’s Carbon Footprint Lower Than Previously Thought

November 27, 2019cashtechnews

Fresh research has challenged the perception that Bitcoin mining is irreconcilable with tackling climate change. Fresh research has challenged the perception that Bitcoin (BTC) mining is irreconcilable with tackling climate change. Major science and technology magazine The New Scientist published a report on the new findings on Nov. 20. Prior research over-reliant on “blanket” assumptions […]

RSK Expands Globally and Moves Into Southeast Asia

November 25, 2019cashtechnews

RSK is a smart contract platform secured by the Bitcoin network. Cointelegraph en Español spoke with Henry Sraigman, South-East Asia Regional Director of RSK, during the Asia 2019 Blockshow in Singapore. We covered the expansion of IOV Labs and RSK, the company’s present and future in Asia, and the prospects for Taringa! after its purchase. […]

Chinese Regulators Set to Push Inspections of Crypto Mining firms

November 14, 2019cashtechnews

Regulators in the Chinese autonomous province of Inner Mongolia intend to dispatch inspection units to assure the clean-up of local crypto mining companies. Regulators in the Chinese autonomous province of Inner Mongolia continue to crack down on the province’s crypto mining companies. The Global Times reported on Nov. 13 that northern China’s Inner Mongolia Autonomous […]

Customs Agents Seize Crypto Mining Units Smuggled out of Mongolia

October 1, 2019cashtechnews

Russian federal customs service stopped the illegal import of four cryptocurrency mining devices from Mongolia into Siberia. The Federal Customs Service of the Russian Federation stopped the illegal import of four crypto mining devices from Mongolia into Russia. Crypto mining equipment confiscated On Oct. 1 Coinspot reported that a Mongolian citizen was trying to smuggle […]

Tag: Mongolia

Blockchain-Powered App Helps Mongolian Herders Trace Cashmere

Chinese Bitcoin Miners Pressured to Scale Down Due to Electricity Shortages

Chinese Authorities Confiscate Nearly 7,000 Crypto Mining Machines

Crypto Will Eventually Replace Fiat, but How Soon and Where?

Study: China’s BTC Miners Control 66% of Global Hash Rate

New Research: Bitcoin’s Carbon Footprint Lower Than Previously Thought

RSK Expands Globally and Moves Into Southeast Asia

Chinese Regulators Set to Push Inspections of Crypto Mining firms

Customs Agents Seize Crypto Mining Units Smuggled out of Mongolia

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