China wants US senators to ‘stop making trouble’ out of digital yuan
China’s Foreign Ministry responded to U.S. senators’ claim regarding the digital yuan’s function as a tracking and tracing tool during the 2022 Beijing Winter Games.
China
Bitcoin mining difficulty drops for fourth time in a row
Bitcoin mining difficulty has posted another negative adjustment on Sunday, with the difficulty rate almost halving since mid-May.
Fed and Yale researchers lay out 2 regulatory frameworks for stablecoins
Yale Professor Gary B. Gorton and Jeffery Zhang of the Board of Governors of the Federal Reserve System have co-authored a 49-page paper called, “Taming Wildcat Stablecoins.”
On the fence: If this is a crypto bear market, how long can it last?
Is a bullish reversal incoming, or is crypto starting a bear market? It’s not clear where the markets will go, so let’s weigh the facts.
China’s central bank says crypto gave impetus to the creation of its CBDC
A working paper released in English by the People’s Bank of China cites cryptocurrencies as an important context for the digital yuan’s development and reveals that the digital currency will use smart contracts to allow for programmability.
China’s Bitcoin hash power fell before the crackdown: Cambridge data
Cambridge research shows that China’s Bitcoin mining power fell by 40% before the crackdown, while the United States’ hash power has quadrupled.
Bitcoin mining ban an easy decision for China, says Bitmain EMEA partner
Half of what was lost due to China’s crackdown on Bitcoin mining will not ever go back online, Phoenix Store’s CEO says.
China shuts down crypto mining in Anhui province
The Anhui government is addressing growing electricity demand by shutting down local crypto mining operations.
OK Group to help China combat money laundering with blockchain
OK Group will start working with Chinese authorities to combat money laundering using distributed ledger technology.
China’s central bank worried about stablecoins’ risk to financial systems
While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems.
