China

Chinese bank tests biometric hardware wallet for digital yuan payments

China’s large-scale digital yuan testing across several cities continues to gather pace with some financial institution leading the development of hardware wallets for the central bank digital currency. According to news agency Xinhua, the Postal Savings Bank of China has created a biometric hardware wallet for the project. The biometric hardware wallet enables easy identity …

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Red Envelopes and BCH: Prominent Mining Execs Jiang Zhuoer and Jihan Wu Bolster Bitcoin Cash

<div class=”featured_image_container”> </div> <strong>In recent days, bitcoin cash has seen significant gains, and supporters of the digital currency have been positive about specific developments, like the internet entrepreneur Kim Dotcom’s current support. On February 11, the Chinese New Year, the prominent bitcoin mining executives, Jiang Zhuoer and Jihan Wu joined a Satoshi’s Angels discussion channel …

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China refused to hand over key data to WHO team probing pandemic’s origin

Enlarge / Liang Wannian (2nd L) and Peter Ben Embarek (3rd R) both members of the WHO-China joint study team, shake hands after the WHO-China joint study press conference in Wuhan, central China’s Hubei Province, Feb. 9, 2021. Getty | Xinhua News Agency The Chinese government failed to share key data on early COVID-19 cases …

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Clubhouse is tightening security to address China spying fears

Clubhouse has been garnering hype through its high-profile discussions and a drop-in approach to audio chat, but there are also concerns the Chinese government might eavesdrop on nationals who got the app before it was banned in the country. The developers are promising to protect those users who got through, however. Alpha Exploration told Stanford’s …

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Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars

A global chip shortage is affecting various sectors of industry from gaming to automotive and cryptocurrency mining. Amid Bitcoin’s (BTC) ongoing bull run, the crypto mining industry became massively profitable. Many miners started aggressively stacking mining hardware —by sometimes unconventional methods— which led to shortages in other sectors. The COVID-19 fueled surge in gaming consoles, computers and …

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South Korean Crypto Exchange Becomes the First Overseas Platform Legally Recognized in China

<div class=”featured_image_container”> </div> <strong>A South Korean cryptocurrency exchange announced it established its first legally recognized branch in China. Although the nation banned all local crypto trading services, DBX said the firm already obtained a license to go ahead with the operations.</strong> Final Certificate of Incorporation Granted on February 5 According to Money Today, DBX received …

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China Was Questioning Tesla About Quality Problems. Then Bitcoin Happened

Tesla’s $1.5 billion bitcoin investment couldn’t have come at a better time for the electric car manufacturer. As it happened, about the time the company revealed its massive stake in the cryptocurrency on Feb. 8, Chinese officials had announced that five agencies were questioning Tesla about quality and safety issues. Specifically, China’s State Administration for …

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Nigerian Central Bank Says Its Ban on Crypto Accounts Is Nothing New

The Central Bank of Nigeria (CBN) issued a five-page statement Sunday clarifying its position on cryptocurrencies after a regulatory warning to local banking institutions on Friday sent shockwaves through social media.  In Sunday’s statement, the CBN said Friday’s letter was only a reminder that cryptocurrencies were not legal tender in Nigeria, and was reiterating a …

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China probe delivers its first photo of Mars

China’s plans for interplanetary exploration just took a big stride forward. The Guardian reports that the country’s Tianwen-1 probe has returned its first photo of Mars, capturing a black-and-white snapshot from about 1.4 million miles away. It doesn’t compare to the more detailed pictures from other explorers (certainly not those on the ground), but that’s …

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Why a Chinese New Year Sell-Off May Not Happen This Year

The lunar Chinese New Year this year is on Feb. 12, right around the corner. But unlike in previous years, some analysts and traders say the “Chinese New Year Dump,” a belief bitcoin’s (BTC) price would drop around the holiday period, will not take place this year. Why? The impact of retail traders in China …

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