Category: China




Crypto Mining Hardware Manufacturer Whatsminer Plans to Launch Public Offering in the US


Crypto Mining Hardware Manufacturer Whatsminer Plans to Launch Public Offering in the USOne of the world’s biggest bitcoin mining machine manufacturers is preparing to go public in the United States. China-based Whatsminer is reportedly looking to obtain additional funds to buy Samsung chips with the initial public offering (IPO). Whatsminer’s Revenue Could Hit $1 to $2 Billion in 2021 According to Chinese media outlets and Asian journalist […]



Publicly-Listed Lottery Company to Buy $14.4M Worth of Bitcoin Mining Machines


Publicly-Listed Chinese Lottery Company Plans to Spend $14.4 Million Into Bitcoin Mining MachinesA U.S. listed Chinese sports lottery firm announced that it has entered into a purchase agreement to acquire bitcoin (BTC) mining machines. The deal involves the issuing of $14.4 million worth of 500.com Class A ordinary shares. Models Include S17, T17, M20s and S9 According to the announcement, 500.com Ltd reached an initial agreement to […]


State-Backed Agricultural Bank of China Launches the First Digital Yuan ATMs


State-Backed Agricultural Bank of China Launches the First Digital Yuan ATMsThe Agricultural Bank of China (ABC), one of China’s “big four” banks, is embarking on a pilot program to enable the first digital yuan ATMs. The banking institution deployed the first machines in selected branches in Shenzhen. ATMs Will Work With a Smartphone App According to SZ News, the program is part of the ongoing […]




China Launches Digital Yuan ‘Hard Wallet’ Card Pilot Program


China Launches Digital Yuan 'Hard Wallet' Card Pilot ProgramThe People’s Bank of China (PBoC) have green lighted a physical card-wallet pilot to test its digital yuan. Coffee shop staff in a Shanghai-based university hospital was chosen as participants in the pilot. Wallet Card Can Pay or Accept e-CNY Without Wi-Fi or a Mobile Connection According to Tencent News, staff members at Shanghai Jiao […]





Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the ‘Biggest Developments’


China has the largest concentration of bitcoin miners worldwide with estimates noting the country captures anywhere between 50-65% of the global hashrate. Xinjiang, the autonomous region of the People’s Republic of China, ostensibly accommodates 35% of the hashrate. This week a regional report from China and statements from the head of operations at Genesis Mining, […]

The post Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the ‘Biggest Developments’ appeared first on Bitcoin News.


Legal Battle Between Bitmain Co-Founders Appears to End With Micree Zhan Taking Control of the Company


Legal Battle Between Bitmain Co-Founders Appears to End With Micree Zhan Taking Control of the CompanyThe long-lasting legal battle between co-founders of China-based Bitmain seems to have seen the light at the end of the tunnel after both parties agreed to reach an agreement. Legal Tussle Between Bitmain Co-Founders Reportedly Ended With a $600 Million Compensation for Jihan Wu According to Chinese media outlets, citing local crypto journalist Colin Wu, […]

The post Legal Battle Between Bitmain Co-Founders Appears to End With Micree Zhan Taking Control of the Company appeared first on Bitcoin News.




Core Scientific Buys Over 58,000 Bitmain S19 Antminers to Expand Its Hosting Fleet in North America


Core Scientific Buys Over 58,000 Additional Bitmain S19 Antminers to Expand Its Hosting Fleet in North AmericaA major North American blockchain hosting provider announced its expansion by ordering over 58,000 additional S19 Series Antminers, as part of an agreement arranged with the Chinese mining hardware manufacturer. US Contract Miner Core Scientific Arranges Purchase of Over 58,000 Bitmain S19 Antminers According to the announcement, Bitmain’s deal expects to facilitate Core Scientific customers’ […]

The post Core Scientific Buys Over 58,000 Bitmain S19 Antminers to Expand Its Hosting Fleet in North America appeared first on Bitcoin News.



Nigeria Is Paxful’s Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five Years


Nigeria Is Paxful's Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five YearsNigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the U.S., which traded $3.75 billion in the period under review. According to an analysis of bitcoin trading platform Paxful’s database shared with news.Bitcoin.com, Nigeria […]

The post Nigeria Is Paxful’s Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five Years appeared first on Bitcoin News.


Chinese State Media Surprises With Forecast of Bitcoin Outshining Gold


Chinese State Media Surprises With Forecast of Bitcoin Outshining GoldChinese state-operated media outlets keep adding cryptocurrencies — specifically bitcoin — on their reporting agenda. Lately, they have been replicating bitcoin predictions that are surprising in some way to the crypto community due to the number of mentions on the matter since several months. China’s CCTV: Bitcoin’s Bull Market Could Outshine Gold This time, CCTV, […]

The post Chinese State Media Surprises With Forecast of Bitcoin Outshining Gold appeared first on Bitcoin News.




Another Asian Crypto Exchange Suspends Withdrawals as China Detains One of Its Founders


Another Asian Crypto Exchange Suspends Withdrawals as China Detains One of Its FoundersChinese authorities are launching a national crackdown against fraudulent SIM card and bank account schemes. The latest detained under this operation is one of the founders of a Hong Kong-based cryptocurrency exchange CEO Global (ceobi). Crypto Exchange Founder Taken Into Custody by Chinese Police Amid Nationwide Crackdown According to an announcement published by CEO Global, […]

The post Another Asian Crypto Exchange Suspends Withdrawals as China Detains One of Its Founders appeared first on Bitcoin News.


German Bank to Launch Bitcoin Investment Fund in January


German Bank to Launch Bitcoin Investment Fund in JanuaryGerman private bank Hauck & Aufhäuser says it will launch a crypto investment fund in January next year, allowing institutional and semi-institutional investors to invest in digital assets including, bitcoin, ether, and stellar. ● According to a report on Fundview, the Frankfurt-based bank is partnering with local fintech company Kapilendo to establish the fund called […]

The post German Bank to Launch Bitcoin Investment Fund in January appeared first on Bitcoin News.


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