Tuesday, May 17, 2022
Crypto Tella Story
No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
  • Ethereum
  • Blockchain
  • Dogecoin
  • Altcoin
  • Litecoin
  • ICO
  • Chainlink
  • DeFi
  • XRP
  • Videos
  • Live Prices
CRYPTO TELL A STORY
No Result
View All Result
Home Blockchain

Coinbase listing scorned, graphics cards seized, nostalgia coins rule

by Handy
April 16, 2021
in Blockchain
0
Coinbase listing scorned, graphics cards seized, nostalgia coins rule
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter



It was a comparatively quiet week in China’s blockchain house as occasions had been overshadowed by the surge within the BTC value and the Coinbase direct listing in the U.S. Many locals reacted with shock to the information, exhibiting that publicity to cryptocurrencies remains to be comparatively remoted on the planet’s most populous nation.

Many netizens responded skeptically to the Coinbase story, with information aggregation account “Jiemian” on Weibo calling Bitcoin a rip-off, highlighting its connection to terrorists, and inspiring traders to stay to China’s A-shares. (For a fast comparability, the Shanghai composite index is down 2.13% this 12 months, whereas Bitcoin has a YTD return of over 116%.) Jiemian has over 10 million followers on Weibo, however caters to a extra conventional viewers. The takeaway right here is that regardless of China’s aggressive adoption of DCEP (Digital Currency Electronic Payment, also called the digital yuan), different digital funds, and web expertise, cryptocurrency acceptance stays comparatively remoted.

Some specialists on China’s blockchain business spoke to Cointelegraph regarding DCEP on April 10th, discussing how the digital yuan has affected the house. Kevin Shao, co-founder of Bitrise Capital, summed up the scenario by stating that “general, China’s digital foreign money nonetheless serves the central financial institution’s financial coverage and financial features.” It’s protected to say that the fast DCEP development has little cross-over with the nation’s lively blockchain house, and possibly will stay unbiased for the foreseeable future.

Whereas all that was happening, volumes had been spiking on cryptocurrency exchanges all over the world. Huobi, China’s largest change by liquidity, skilled a wave of buying and selling on extra established tokens. The highest seven most traded on Thursday had been BTC, DOGE, ETH, XRP, FIL, TRX and BCH. All of those initiatives have roots in earlier bull runs, exhibiting that nostalgia isn’t misplaced on Chinese language traders.

Graphics playing cards seized by Hong Kong Customs

Customs in Hong Kong have busted a smuggling operation involving almost 300 graphics playing cards, that are suspected to be Nvidia CMP 30HX fashions and value about 2 million RMB, or $300,000. There have been no labels on the entrance of the graphics playing cards, and this specific mannequin comes with no video output port, and is constructed solely for cryptocurrency mining. In line with a supply, that is the primary time that Hong Kong Customs has seized graphics playing cards smuggled for the aim of mining.

The state of media blockchain content material

Lastly, in coverage information, The State Administration of Radio, Movie and Tv issued requirements for blockchain-related media content material. The usual system is meant to advertise wholesome and sustainable content material pertaining to the usage of blockchain in industries reminiscent of auditing techniques, enterprise processes, meals security and administration. The State Administration could be very proactive with its requirements, detailing how applied sciences, developments, and different themes ought to be portrayed within the media.

This weekly roundup of reports from Mainland China, Taiwan, and Hong Kong makes an attempt to curate the business’s most vital information, together with influential initiatives, modifications within the regulatory panorama, and enterprise blockchain integrations.



Source link

Tags: CardsCoinbaseCoinsgraphicsListingnostalgiarulescornedseized
ADVERTISEMENT
Handy

Handy

Next Post
Jim Cramer cashes out half his ‘phoney money’ Bitcoin to pay off mortgage

Jim Cramer cashes out half his 'phoney money' Bitcoin to pay off mortgage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

ETH is About 15% Below the Buying Zone

ETH is About 15% Below the Buying Zone

11 months ago
LITECOIN PRICE UPDATE!!!!! ( WHAT IT WILL TAKE FOR LITECOIN TO HIT 500 DOLLARS!!!)

LITECOIN PRICE UPDATE!!!!! ( WHAT IT WILL TAKE FOR LITECOIN TO HIT 500 DOLLARS!!!)

1 year ago
  • Bitcoin, Ethereum prices up as cryptocurrency bounces back from 2 weeks of losses – National

    Bitcoin, Ethereum prices up as cryptocurrency bounces back from 2 weeks of losses – National

    0 shares
    Share 0 Tweet 0
  • Privok.in, an initiative towards A Renewable Green Energy Revolution

    0 shares
    Share 0 Tweet 0
  • Ripple prepares for a 35% liftoff

    0 shares
    Share 0 Tweet 0
  • Ripple Executives Call on Congress for Clear Crypto Guidelines As SEC’s XRP Lawsuit Rolls On

    0 shares
    Share 0 Tweet 0
  • Decentraland Price Down By 11.10% – Time To Buy MANA?

    0 shares
    Share 0 Tweet 0

Recommended

Recent News

Ethereum’s Vitalik Raises Questions With His Contradictions By CoinQuora

Ethereum’s Vitalik Raises Questions With His Contradictions By CoinQuora

May 17, 2022
Polkadot, NEAR, and Algorand Price Analysis: 16 May

Polkadot, NEAR, and Algorand Price Analysis: 16 May

May 17, 2022
Bitcoin, Bukele and a bevy of central bankers meet in El Salvador

Bitcoin, Bukele and a bevy of central bankers meet in El Salvador

May 17, 2022

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Chainlink
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Uncategorized
  • Videos
  • XRP

Follow Us

Calendar

May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Apr    
  • Privacy & Policy
  • About Us

© 2021 Crypto Tell A story  

No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
  • Ethereum
  • Blockchain
  • Dogecoin
  • Altcoin
  • Litecoin
  • ICO
  • Chainlink
  • DeFi
  • XRP
  • Videos
  • Live Prices

© 2021 Crypto Tell A story