Tag: Chinese

Chinese Miners Flock to Sichuan for Cheap Electricity During the Wet Season

Chinese Miners Flock to Sichuan for Cheap Electricity During the Wet Season Over the last two months, the hashrate between the Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks has increased significantly since hitting a low on December 15, 2018. Numerous reports detail that many Chinese miners who control a […]

“The Cutest Crypto Game” Celebrates Chinese New Year and Sends Out Digital Gifts

“The Cutest Crypto Game” Celebrates Chinese New Year and Sends Out Digital Gifts Multi-blockchain crypto collectible game is going to celebrate the Chinese New Year by giving the players special gifts. The users will get digital red envelopes but will be able to open the package only on Feb. 5, […]

Report Claims Chinese Mining Giant Bitmain Is Prepping for New Leadership

Report Claims Chinese Mining Giant Bitmain Is Prepping for New Leadership The cryptocurrency mining manufacturer Bitmain may have a new chief executive officer in the near future according to regional reports. Bitmain’s director of product engineering, Haichao Wang, will apparently take the lead role within the corporation but no official […]

A Chinese Government-Controlled Bitcoin Alternative Is Reportedly in the Works

A Chinese Government-Controlled Bitcoin Alternative Is Reportedly in the Works In the midst of a sino-U.S. trade war, the People’s Bank of China is working to develop its own cryptocurrency prototype. It apparently believes this centralized digital asset can ultimately trump BTC and perhaps even the U.S. Dollar. Also read: Bibox […]

Chinese Miners Short BTC Markets to Hedge Against Falling Prices

Chinese Miners Short BTC Markets to Hedge Against Falling Prices The price of bitcoin core (BTC) has dropped considerably over the past few months, significantly affecting individuals and organizations that mine the cryptocurrency. According to recent reports, many miners in China are now short selling bitcoins to hedge against falling […]

Chinese Government-Backed Company to Launch Stablecoin by February

Chinese Government-Backed Company to Launch Stablecoin by February Grandshores Technology Group is a public company affiliated with a 10 billion yuan ($ 1.5 billion) fund backed by the government of Hangzhou, the capital of China’s Zhejiang Province. It is known to be developing a new stablecoin, which is now expected […]

Chinese Startup Gets Crypto Custodial Services License in Hong Kong

Chinese Startup Gets Crypto Custodial Services License in Hong Kong Cryptocurrency custodians are third parties that store large amounts of digital assets for institutions, hedge funds, exchanges and issuers of initial coin offerings. Companies in Hong Kong now have a new locally regulated option, which could help to increase investor […]