China


Finance

China's Bitcoin Mining Crackdown Is a Boon for Miners Elsewhere

Miners outside of China are getting a financial boost from their competition’s forced exile. Will the trend continue?

Warehouses storing bitcoin mining machines stand at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia, China, on Friday, Aug. 11, 2017.

Markets

China's CBDC Trials Reach Beijing Subway

Passengers with Industrial and Commercial Bank of China's mobile app can use the digital yuan to pay their fares.

Beijing subway train

Markets

Bitcoin Set for Record Second-Quarter Price Drop

Bitcoin's second-quarter decline looks like a technical pullback, one observer said.

BTC performance

Videos

Why Bitcoin Mining Hashrate Dropping to 1-Year Low Following China Crackdowns Is Good News for Miners

China's continued crypto crackdowns have been a blow for mining operations based in the country, but for miners in other parts of the world, it might be good news. Bitcoin's hashrate, a measure of the computational power working to secure the blockchain network, dropped to its lowest since May 2020. Meanwhile, the BTC mining difficulty could see a 25% decrease in July. "The Hash" hosts unpack why this is a windfall for active miners outside of China.

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Videos

Blockchain in Asia: China’s Ripple Effect

Throughout Asia, the race is on to lead not just the region but the world in the blockchain and digital currency space. China may have been first out of the gate, but the rest of Asia is scrambling to keep up.

CoinDesk placeholder image

Videos

Crypto.com Becomes Formula 1 Inaugural Global Partner of Sprint Series

Kris Marszalek, CEO of Crypto.com, the fastest-growing crypto platform, discusses teaming up with Formula 1 as the inaugural global partner of the new Sprint series and why crypto exchanges are upping their budget for marketing and sponsorships. Plus, the impact of China's continued crackdowns on the mining industry.

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Markets

Bitcoin's 'Puell Multiple' Flashes Misleading Bullish Signal as China Bans Mining

The metric is tied to miners and may be distorted by China's mining ban.

Puell Multiple

Markets

Market Wrap: Cryptocurrencies Rise Despite Binance UK Warning

Crypto markets rose despite regulatory crackdowns from the U.K. and China. Analysts expect continued resiliency above $30K support.

Bitcoin 24-hour price chart, CoinDesk 20

Policy

Huobi Reveals Countries Where It Has Halted Derivatives Trading

The exchange is scaling back trading services in response to China’s crackdown on crypto.

huobi

Videos

ConsenSys, the Chinese University of Hong Kong Launch Blockchain-Based COVID-19 Digital Passports

Charles d’Haussy of ConsenSys explains how the new blockchain-based digital health passport can help alleviate the pandemic situation in Hong Kong, affirming that the Chinese government will not gain access to data through this new app.

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