Decentralization and blockchain are two words that many purists believe must be put together to be the future of financial technology. Reporting on a study developed by UK based company CoinShares, as much as 66% of global hash rates come from and are controlled by Chinese entities. Mining is a crucial element in distributed … Continue reading UK Research Shows 66% Control of Hash Rate is Coming From China
Trading Crypto with Eugene is a series of daily commentary of market analysis and trading advice shared by Eugene Ng of Matrixport, a veteran trader with 10 years of experience in top-tier global investment banks. If you like the article, please follow us here on Blockchain.News so you won’t miss our future publications. Welcome to the world of volatility. Crypto never … Continue reading Jun 03: Crypto is not for the faint-hearted
COVID-19 has not prevented blockchain companies in China from emerging at a dramatic speed. Blockchain On the Rise in China Data from LongHash indicated that new blockchain firms have been emerging at a speedy rate despite the pandemic, and even recorded an all-time high in 2020. The data shows that the biggest number of founded … Continue reading 10,000 New Blockchain Companies Founded in China Despite COVID-19
The multinational semiconductor company Bitmain Technology Holding announced that from October 11, 2021, Bitmain’s Antminer will stop shipping to mainland China in order to comply with a series of local bans on strict crackdowns on cryptocurrencies. Earlier, China intensified law enforcement against domestic Bitcoin mining activities. Bitmain has decided to stop the sales of its encrypted mining equipment … Continue reading Semiconductor Design Company Bitmain Suspends Sales of Antminers in Mainland China