'China's crypto ban had little impact on Neo,' says organization's developers
It's had a brutal fall from all-time highs, but the project still retains a market of $1.6 billion and has a dedicated community of developers. Once hailed as the "Ethereum of China," Neo's token price has fallen on hard times ever since the world's most populous nation introduced a series of acute bans on cryptocurrency operations last year. In an exclusive interview with Cointelegraph, Neo's developers — who wished to remain anonymous — explained that partners run most projects sponsored by Neo Global Development, or NGD, from a wide range of countries outside China that serve users all....
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An industry organization controlled by the Chinese government has updated a list of topics users of video-sharing apps should avoid. Crypto-related content is now among the entries along with traditional taboos in China like mocking its leadership, provoking sectarianism, and showing sex. Clips on Crypto Trading, Mining Banned in China The China Netcasting Services Association (CNSA) has recently published a blacklist of 100 topics that online videos posted on platforms similar to Tiktok should not feature. Among them are the usual suspects like questioning China’s official history,....
The One Foundation, the first officially recognized private charitable fundraising organization operating in China, has now also become the first Chinese organization to start accepting Bitcoin donations. The organization published a donation address on April 23, and received 230 BTC ($30,000) within two days, instantly making it one of the most successful Bitcoin charities to date. The One Foundation was originally created in 2007 by renowned Chinese film actor Jet Li, who then took a year off film-making in 2008 to promote the foundation. Private fundraising organizations are highly....
The organization is moving part-time developers to full-time, reorganizing leadership for Bitcoin projects, and onboarding new developers into the ecosystem.
The Stellar (XLM) Development Foundation celebrated the launch of a preview for their upcoming smart contract platform, called “Soroban”. As part of their “Project Jump Cannon”, the initiative behind the development of the platform, the organization has invited developers to create their own contracts. Soroban’s announcement has been highly anticipated by Stellar (XLM) users. This platform might provide the network with new use cases, and a new wave of adoption, and might provide it with the capabilities to compete with major blockchains, such as Ethereum. Per an official post, Stellar’s....
The China bitcoin mining ban that took place mid-last year was no doubt a heavy blow to the space. It saw the hash rate from the region which was once termed the mining capital of the world crumble to almost zero as miners had to shut down their operations. The reason for this from the Chinese government boiled down to concerns about electricity consumption and environmental impact. As the miners exited China, they had to set up business elsewhere and procure electricity for their mining farms, which can be quite energy-intensive. According to a new report, these new energy sources have....