Bitcoin News
Cryptocurrencies take a pounding as inflation worries spark sell-off
Top blockchain and crypto news: Cryptos sink as inflation rises. Celsius freeze sends CEL token tumbling. Are Inner Mongolia’s miners catching a break?
Forkast.News
Lens
China
-
-
Bitcoin News
Inner Mongolia’s closure of crypto mine operations slows since September
Inner Mongolia has closed 49 cryptocurrency mining farms in total, but only four since September, according to the Inner Mongolia Daily, indicating either the process has been successful or the shutdown drive mandated by Beijing is slowing. See related article: Beijing banned crypto mining, so China miners went underground Fast facts See related article: Crypto […]
Ningwei Qin
-
NFT Marketplaces
Steph Curry, Jaylen Brown NBA Top Shot NFTs to be on China public auction
Beijing Poly International Auction teased an online auction of 32 NBA Top Shot non-fungible tokens (NFTs), including collectibles of basketball stars Stephen Curry, Kevin Durant, and Kyrie Irving, with starting prices ranging from 100 yuan (about US$15) to 50,000 yuan (US$ 7,471). See related article: NBA is taking the lead with blockchain, crypto Fast facts […]
Ningwei Qin
-
Bitcoin News
Binance comes out swinging as report links it to money laundering
Top blockchain and crypto news: Binance BNB slips amid allegations. STEPN marches through attacks. Is China’s slowdown straining crypto prices?
Forkast.News
-
Economic Impacts
China’s zero-Covid policy realigning global economy, financial markets
Beijing’s official GDP growth target is 5.5% this year, but some analysts don’t see how that makes sense in the face of Shanghai-size lockdowns. Could a China slowdown be good news for central bankers trying to tame inflation?
Lachlan Keller
-
Regulation
Chongqing joins China’s digital yuan tax pilots
A Chongqing-based company became the first in the city to pay taxes with China’s central bank digital currency (CBDC), the digital yuan, according to local media. See related article: China to issue free digital yuan to boost locked down economy Fast facts See related article: What I learned from my role in digitizing the yuan
Ningwei Qin
-
Bitcoin News
Prosecutor OKs arrest of Chinese executive accused of embezzling US$8 mln to mine Bitcoin
A prosecutor in Beijing has reportedly approved the arrest of a director of a Shanghai-listed Chinese big data company on suspicion of misappropriating the firm’s funds to mine Bitcoin, exchange filings showed. See related article: Beijing banned crypto mining, so China miners went underground Fast facts Li Qunnan, a director of the board of Zhongchang […]
Timmy Shen
-
Altcoins
Terra’s LUNA moonshot can’t escape gravity of market misgivings
Top blockchain and crypto news: Investors shun LUNA 2.0. Ethereum gains amid relief rally. China's stimulus goes digital.
Forkast.News
-
Regulation
Macao needs China’s heft in tech to introduce CBDC, official says
Lei Wai Nong, Macao’s secretary for economy and finance, said China’s expertise in developing its digital yuan could help the specially administered region introduce a central bank digital currency (CBDC), according to local media reports. See related article: China to issue free digital yuan to boost locked down economy Fast facts Lei said he will […]
Timmy Shen
-
Economic Impacts
China to issue free digital yuan to boost locked down economy
Shenzhen, Guangzhou, and Xiong’an New Area announced they are distributing free digital yuan “red packets” to boost local consumption amid China’s economic slowdown fueled by mass Covid lockdowns. See related article: Covid-19, postponed Asian Games to push digital yuan into the slow lane? Fast facts See related article: What I learned from my role in […]
Ningwei Qin
