Crypto News in 60 Seconds
September 26, 2022
The University of Nanjing in China has reportedly launched one of the first majors in the country dedicated to studying metaverse knowledge. The university, located in eastern China, said this new momentum aims to provide new metaverse-related courses that will help more students meet the needs of metaverse companies. Around the world, more and more […]
September 14, 2022
China’s market for virtual reality gaming might grow to above $100 billion, according to JPMorgan. Analysts at JP Morgan believe that the metaphorical gaming market in China could explode even with the current regulatory environment, which presents some challenges for implementation. Companies like Tencent, Netizens and Philly are among JPMorgan’s choices to benefit from this […]
July 7, 2022
China’s approach and the Bank of England’s goal for the digital pound are different. Bloomberg News quoted Bank of England (BoE) Deputy Governor Jon Cunliffe as saying that the digital pound will probably function as an account-managed instrument at the “trade level” as opposed to a direct-to-consumer currency. Cunliffe, who is in charge of […]
June 18, 2022
Chinese court rules that a virtual currency-based sale agreement is an invalid contract. A court in China ruled that a car sales contract that stipulated that the buyer must pay in private digital currency is invalid because the virtual currency cannot circulate as currency. The court declares that a virtual currency does not have the […]
May 18, 2022
According to the latest data, China still controls 21% of the worldwide Bitcoin mining hash rate. China has returned with a fury. For its current analysis, the Cambridge Centre for Alternative Finance, or CCAF, gathered data “covering the period from September 2021 to January 2022.” The headline is that ban or no ban, Asia controls […]
March 21, 2022
WeChat removed several accounts for digital collectible platforms for violating the policy of illegal trade, while Ant Group and Tencent-owned NFT platforms updated their user agreements. China’s dominating social media outlets and internet giants have revised their agreement to prohibit or eliminate nonfungible token (NFT) outlets, illustrating a scarcity of regulatory transparency and teasing about […]
February 28, 2022
The report accused the increase of Bitcoin’s carbon evidence on the China mining ban and asserted that Chinese miners were more renewable energy focused. Bitcoin network’s proof-of-work (POW) mining consensus has been a topic related to social, environmental, and governance discussions for a long period and recent research may just strengthen the thriving debate […]
February 21, 2022
Bitcoin plunged under $40K last weekend and this increased the tension on Ukraine and Russia border and proceeded the inflationary motions. Whereas the value of the Renminbi gained over 10%. An evident exploit of OpenSea, the prominent NFT forum, further terrified investors away from crypto. Bitcoin and Ether by market capitalization was around $38,700 and […]
