China’s CBDC pegged stablecoin RMB targets international trade
“While the government of China and Shanghai have accepted the use case for the offshore RMB stablecoin, the pilot program is not endorsed or associated with the government,” Banbury added. Conflux will contribute its technology to establish an offshore renminbi (RMB) stablecoin pegged to China’s central bank digital currency (CBDC), the digital yuan, according to […]
BIT Mining’s new 85 MW Bitcoin mining plant to be hosted in Ohio
Bitcoin mining company BIT Mining Limited has formed a joint venture with Viking Data Centres to establish a Bitcoin mining facility in the state of Ohio. BIT Mining, a bitcoin (BTC) mining business, aims to invest $12.14 million in the development of an 85 megawatt cryptocurrency mining facility in Ohio. BTC.com is owned by BIT […]
Hebei Chinese province plans to restrict Cryptocurrency mining
Hebei, a northern Chinese province, is the most recent jurisdiction to clamp down on cryptocurrency mining and trading in the country citing environmental conservation as a reason. The province’s cyberspace commission announced plans to restrict cryptocurrency mining and trading activities in the region on Tuesday, according to Reuters. The move coincides with China’s broader anti-crypto […]
VeChain reaches 10 million blocks milestone without downtime
With respect to uptime and processed blocks on the VeChain Thor mainnet, supply chain platform VeChain has accomplished a significant milestone, according to the company. The VeChain Foundation announced the achievement on its Twitter feed on Sept. 1, saying it was “a major milestone that is testament to our public blockchain’s scalability, security, and rock-solid […]
Chinese regulators holds meeting to promote blockchain in the securities industry
As part of China’s 14th five-year plan, officials gathered in Beijing to discuss ways to advance blockchain technology development. In Beijing, regulators from China , including the Securities Association of China (SAC) and the China Securities Regulatory Commission (CSRC), came together to explore how blockchain technology can be used in the securities business and how […]