blockchain

Digital Yuan: China to airdrop $4.6 million, extends testing to Sichuan

TL;DR Breakdown Next phase of CBDC testing is in Sichuan Series of airdrop for Sichuan residents China have again begun talking about advancing the launch of its long-anticipated Digital Yuan as it set to progress to the next stage. Local reports in China suggest that Sichuan’s capital Chengdu will be the next place where the […] …

90% Of Large Bitcoin Trades Comes From China: Report

42% of the market capitalization the of top 20 tokens with headquarters is situated in Asia as the continent’s dominance on the crypto market keeps expanding. …

blockchain

Bitcoin mining chips scarcity: Samsung planning to Bankroll chip making plant

TL;DR Breakdown • Samsung to return a portion of the microchips market occupied by China to the U.S. • China’s duopoly is coming to an end. • Demand for Bitcoin mining chips rises. According to Bloomberg, Samsung is contemplating on expending over $10 billion to capitalize a Bitcoin mining chip plant located in Austin Texas. […] …

blockchain

Bitcoin Miners in China hit with Dearth of Chips

TL;DR Breakdown Chips’ scarcity affects other market players. Bitcoin Miners keen on getting more mining equipment. Mining Gears’ Price has been hiked. Reuters stated that Bitcoin Miners in China are experiencing a scarcity of computer chips needed to construct rigs for the purpose of minting Bitcoin and other cryptocurrencies. Bitcoin miners and other market players […] …

blockchain

CBDC: Bank of France reveals interbank settlement testing results

TL;DR Breakdown French Central Bank releases results of CBDC testing. Central banks across the world have begun massively working on their national digital currency. The French Central Bank has released its central bank digital currency (CBDC) testing it carried out last month. The test, which used a blockchain developed by a startup in the United […] …

blockchain

China’s BSN is building a Universal Digital Payment Network

TL;DR Breakdown China’s Blockchain Service Network (BSN) wants to build a universal digital payment network. The Asian country has taken bold steps towards embracing blockchain technology and digital currencies. China has begun working on a new blockchain initiative. The project, tagged Blockchain Service Network (BSN), is geared towards integrating international Central Bank digital currencies (CBDC). […] …

blockchain

CBDC: Central Banks will do all to frustrate Bitcoin

TL;DR Breakdown Frank Giustra says that governments would stifle Bitcoin growth because of their CBDC projects. China launches a Digital Yuan ATM. Billionaire investor, Frank Giustra, has said that governments and central banks in the world will do all they can to stifle the growth of Bitcoin. In an interview with Daniella Cambone of Stansberry […] …

blockchain

Today in Crypto: Kraken Delists XRP, BlackRock Sells Major Stake in Chinese Telecom & More

The crypto world saw many ups and downs throughout the past week as Bitcoin price volatility saw a couple of major dips as well as recovery post the infamous Monday market crash of nearly $10k.  The top cryptocurrency is currently trying to consolidate its position above $37,000. Other major headlines of the day include, Kraken
The post Today in Crypto: Kraken Delists XRP, BlackRock Sells Major Stake in Chinese Telecom & More appeared first on Coingape. …

blockchain

Report: Chinese MicroBT is planning a US IPO

TL;DR Breakdown: MicroBT is reportedly planning to go public in the United States. It intends to boost production capacity through the IPO. MicroBT, one of the leading Chinese Bitcoin mining machine makers, is preparing to go public in the United States through Initial Public Offering (IPO). Chinese blockchain reporter Colin Wu (Wu blockchain) reported the […] …

blockchain

Mining Rig Manufacturer MicroBT Prepares for U.S. IPO With Estimated $1 Billion Revenue In 2021

MicroBT, one of China’s biggest mining rig manufacturers of mining equipment is preparing for an Initial Public Offering (IPO) this year in the U.S. Stock market. Founded in 2016, microBT is a relatively new player but the second-largest Bitcoin mining rig manufacturer in China. The company has gained solid market share with its Whatsminer series,
The post Mining Rig Manufacturer MicroBT Prepares for U.S. IPO With Estimated $1 Billion Revenue In 2021 appeared first on Coingape. …