#China

The Chinese authorities have introduced the ability to pay taxes and other contributions with digital yuan in 3 local cities. This initiative is being implemented as part of the expansion of the CBDC usage area to Guangzhou, Tianjin and Chongqing.

A Chinese court has found the NFTCN NFT marketplace guilty of failing to verify the NFTs it sells for uniqueness and copyright compliance.

BTC 46K, Ronin Steal 620M, New Samsung and Visa Crypto Initiatives

People's Bank of China cryptocurrency is not in demand at the 2022 Olympics. Local media write about it.

In China, the national cryptocurrency is being actively tested. The digital yuan payment app has been downloaded and installed by 20 million people, according to analytics platforms.

The launch of the official version of the CBDC application for settlements in digital yuan led to a resounding success of the crypto wallet in the Chinese market.

The ban on mining in China has led to the intensification of cryptocurrency mining in many countries. Thailand was no exception.

Despite the ban on mining in China, many miners continue to mine bitcoin and other cryptocurrencies. This became known from the analysis conducted by Qihoo 360.

The Chinese authorities have begun to catch small miners among the operators of Internet cafes, game rooms, as well as those who mine cryptocurrencies at home on a home card.

The computing power and hash rate of transactions on the bitcoin network have grown by 80% after the mining ban in China. As experts say, this is not the limit. In the near future, a new impressive growth and the establishment of an all-time high (ATH) are possible.