chinese

China Can’t Regulate Virtual Worlds – The Pros of Decentralized Metaverses

China’s crackdown on cryptocurrencies has reached a new level of intensity in recent weeks. The People’s Bank of China (PBOC) has previously decided to prohibit financial institutions from dealing in virtual currencies, including Bitcoin and Ethereum. More recently, the PBOC has attempted to shut down cryptocurrency transactions and mining entirely. This news has sent shockwaves throughout the industry and caused many traditional financial firms to rethink their involvement with cryptoassets. In particular, it’s been a major blow for Chinese bitcoin miners who are now scrambling to find ways of preserving

United States Trade Representative Tai offers up position on steps needed to take with China

In remarks made yesterday at the Center for Strategic and International Studies, United States Trade Representative Katherine Tai provided details regarding the White House’s new approach to the United States-China bilateral trade relationship.Tai made it clear in recent years, Beijing has doubled down on its stat-centered economic system. “It is increasingly clear that China’s plans do not include meaningful reforms to address the concerns that have been shared by the United States and many other countries,” she said. “When it comes to our relationship with China, what’s best for American

Morgan Stanley exec says Bitcoin is the ‘Kenny from South Park’ of money

Morgan Stanley's Dennis Lynch shared a light-hearted analogy during a discussion at Morningstar’s yearly investment conference today, claiming that Bitcoin’s insatiable ability to defy the odds and rise from both technical and fundamental adversity portrays that of the South Park cartoon character Kenny.The 24-series show has garnered a global audience base for its weird and wacky sense of humour, epitomised by the long-standing gag that Kenny dies in each episode, only to be rebirthed and gleefully unaware of his brutal demise in the following show. Head of asset management firm

Chinese crew landing caps record-setting day in human spaceflight

Shenzhou 12 astronauts Tang Hongbo, Liu Boming, and Nie Haisheng outside their landing capsule Friday. Credit: Xinhua Three Chinese astronauts landed in the remote Gobi Desert of northwestern China Friday, returning to Earth after a three-month mission on the new Tiangong space station, and ending a historic day in spaceflight that set a new record with 14 people in low Earth orbit. With the return of China’s Shenzhou 12 crew Friday, 11 people remained in orbit — seven on the International Space Station and four on a SpaceX Crew Dragon

Bitcoin Tops $50,000 for First Time Since May

Bitcoin returned to the $50,000 mark on Sunday evening, a major price milestone as the crypto market continues to break out from its spring crash and subsequent summer slump.The world’s largest cryptocurrency by market cap just surpassed $50,000. At the time of writing, it's up 2.6% in the last 24 hours, 5.6% in the last week, and 55% in the past month, according to CoinGecko. The last time Bitcoin saw $50,000 was in mid-May, just after Tesla CEO Elon Musk said his company would no longer accept Bitcoin as payment

Why has Akali fallen below 45% win rate in LoL patch 11.14?

Christian Vejvad • 12/Jul/21 • 22:18Akali has fallen below a 45% solo queue win rate in the mid lane after patch 11.14 has been released, and the nerfs that led to this drop might be needed just to control her use in professional play. Riot Games has struggled to balance Akali across solo queue and professional play for a while, and now she has been nerfed once again. After having bad win rates in solo queue in patch 11.13, she is now performing even worse after Riot nerfed her damage

ArbiStar: Securities Fraud and Elaborate Ponzi Scheme?

Imagine engaging in a trust dependent relationship with a well-known cryptocurrency investment company that has all the bells and whistles of a successful investment firm. They’ve got an impressive trading portfolio, and the promise of a substantial investment return through the use of a sophisticated cryptocurrency arbitration trading bot to ensure a higher payout. But what isn’t readily known to its investors is that this impressive company is a complete scam. From their website to their advertisements — the entire framework of their business model is an alleged elaborate Ponzi

VeChain Associates With China Animal Health And Food Safety Alliance (CAFA)

Rate this post The VeChain Foundation has become the newest council member of the China Animal Health And Food Safety Alliance (CAFA). A notification released on September 17, stated that Vechain will offer its services like blockchain technology, technical support, and infrastructure support to all other the members of CAFA.   130 Companies Allianced With CAFA As per the report, there are over 130 companies, which include Chinese subsidiaries of Starbucks, McDonald’s and Walmart, that have an alliance with the CAFA.  The first alliance member of VeChain will reportedly be using

Bitcoin price may spark ‘war of miners’ — 1-day pool outflows hit $18M

Bitcoin (BTC) losing 5% in a day has sparked major changes for miners, data shows as mining pools suddenly send large amounts of BTC to exchanges.Data from on-chain monitoring resource CryptoQuant reveals that Sept. 2 saw outflows spike across major mining pools.CryptoQuant expects “war” over BTC bull marketTaking three pools — Poolin, Slush and the now-defunct HaoBTC — total outflows for Wednesday hit 1,630 BTC ($18.5 million).The figure dwarfs those seen recently, and came as BTC/USD rapidly lost $12,000 levels to bounce off $11,150.Mining pool outflow comparison. Source: CryptoQuant/ TwitterFor

What is YFII? A Guide to the Decentralized Mining Pool

YFII is a DeFi protocol that facilitates yield aggregation and uses a token halving model to ensure equitable distribution of tokens. It is a fork of YFI. Decentralized lending is the driving force behind decentralized finance (DeFi) projects. Those who provide liquidity to these projects earn interest through yield farming or liquidity mining. Some DeFi networks have their own token that increases rewards to yield farmers. Others like YFII have been forked from other protocols to prevent a reduction in pool liquidity through a scheduled halving model. In the Chinese