Cryptocurrency Archives - Page 5 of 5

China VC Weekly: Robots, Insurtech and Crypto

In last week’s China VC news: Shenezhen-based robotic automation startup Youibot raises 100 million yuan, crypto services provided Babel Finance bags a $40 million Series A and insurtech firm Yuanbao capitalizes on competitor Waterdrop’s IPO by raising a 1 billion yuan Series C round.

Bitcoin Mining in China on Pace to Surpass Total Carbon Emissions of Some Mid-Sized Countries by 2024

Carbon emissions resulting from China’s domestic Bitcoin mining operations may reach 130.5 million metric tons by 2024, surpassing the total of countries including the Czech Republic and Qatar, according to a study released on Tuesday.

Chinese Central Bank Official Calls for Greater International Oversight of Digital Currencies

An official at the People’s Bank of China (PBOC), China’s top monetary authority, has called for more robust international management of state-backed digital currencies.

Inner Mongolia to End Crypto Mining by April in Bid to Reduce Energy Consumption

The government of Inner Mongolia has ordered a halt to the construction of new cryptocurrency mining projects, and has vowed to shut down all existing mining farms by the end of April.

Jihan Wu Resigns as Bitmain CEO to End Power Struggle with Micree Zhan

Jihan Wu, the co-founder of Bitmain, announced he will resign as CEO to resolve a year-long dispute with Micree Zhan, the other co-founder, according to an internal letter he issued.

TRON CEO Justin Sun Blocked on Chinese Social Media Again

One day after TRON CEO Justin Sun’s account on Weibo was shut down on December 12, his newly opened account named Teacher Justin Sun was blocked again.

Bitcoin Mining Giant Bitmain Rumored to Submit Listing Applications at SEC

It was reported that Bitmain had secretly submitted listing applications to the U.S. Securities and Exchange Commission (SEC), and the underwriter was Deutsche Bank.

Insiders Deny Claims of China’s Central Bank Launching a Cryptocurrency

As China's central bank gets ready to launch its own cryptocurrency, Forbes has reported that seven institutions will be among the first to receive and interact with it.

People’s Bank of China ‘Close’ to Releasing Home-Grown Cryptocurrency

Mu Changchun, deputy director of the PBOC’s payments department, said at an event held by China Finance 40 Forum over the weekend that the bank’s own cryptocurrency is “close to being out.”

Justin Sun To Reschedule Lunch With Warren Buffet For Medical Emergencies

Cryptocurrency platform Tron Foundation, announced on July 23 in a Twitter post that its founder and CEO Justin Sun is postponing the Warren Buffett Lunch and press conferences.

Who is the Young Chinese Man That Paid $4.57 Million for Lunch with Warren Buffett?

Cryptocurrency entrepreneur Justin Sun bid a record $4.57 million for lunch with the legendary American investor Warren Buffet.

HTC Expected to Launch Blockchain-powered Smartphone on October 22

On Oct. 13, HTC officially announced that it will release its first blockchain-powered smartphone HTC Exodus on Oct. 22, with details yet unrevealed.

China’s Blockchain Ecosystem is Taking Shape According to MIIT

The blockchain ecosystem in China is taking shape, with great increases in the number of enterprises and diversified applications according to China’s Ministry of Industry and Information Technology (MIIT).

Cryptocurrency Exchange Binance Buys Trust Wallet as its First Public Acquisition

Binance, a major cryptocurrency exchange, announced the purchase of Trust Wallet on July 31. This is Binance’s first acquisition and the aim is to add an on-chain mobile wallet to its list of services with other integration possibilities in the future.

Ep. 12: Bitmain – the Most Valuable Crypto Company in the World?

As a TechBuzz China listener, you must be at least a little bit crypto-curious. This week on TechBuzz China, we talk in-depth about Bitmain, the most valuable company in the cryptocurrency space that happens to be from China.

Is Cryptocurrency Dying in China? An Overview of Cryptocurrency & Blockchain Apps

Currently there is no hotter topic than blockchain in China where “3AM Sleepless Blockchain Communities” are rumoured to thrive. What is blockchain you ask? It is a technology developed to keep track of Bitcoin transactions whose usage have expanded with its popularity.

Bitcoin China Sold, New Focus on International Mining Pool

Bitcoin China (BTCC), the world’s oldest Bitcoin exchange platform and the first and the largest digital currency exchange in China, announced it was purchased by a Hong Kong block chain fund on January 29.

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