Shanghai Man: China’s version of McJob meme, eCNY airdrops, Canaan’s record r...
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Regulatory noiseIn this weeks column, the Man in Shanghai is determined to squeeze all of the regulatory noise into one section, so as not to waste too much of your time. Lets begin.It wasnt much, just a warning from the Hebei Provincial government to announce it would put an end to cryptocurrency mining in the region. This is largely a non-story, since its....
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Airdrops are an interesting occurrence in the cryptocurrency world. It serves as an excellent way to educate newcomers about cryptocurrencies. Additionally, it is a viable way for existing users to diversify their portfolios in a risk-free manner. Why Airdrops Remain Popular Contrary to traditional ways of getting involved with cryptocurrencies, airdrops are a different creature. […]
Shanghai residents are using the blockchain to record and preserve memories of their city’s month-long COVID-19 lockdown, minting movies, images, and artwork as non-fungible Tokens (NTFs) that may be shared and recalled. Shanghai Residents Adopt NFTs To Store Memories Residents of Shanghai, China’s largest city with a population of more than 25 million people, are […]
In significant news coming out of China, China’s central bank – the People’s Bank of China – has revealed that it carried out on-site checks on major Chinese bitcoin exchanges in Beijing and Shanghai. Bitcoin’s soaring value and trading in China has evidently caught the eye of authorities who are now clamping down on capital outflows that they believe is taking place via bitcoin, while the yuan continues to depreciate. In a public notice, the Shanghai branch of the PBOC revealed it carried out spot checks today (Wednesday) on BTC China. A roughly translated statement reads: The People’s....
After an eventful and testing summer, Ethereum meets the upcoming new autumn season with a rise in price and confidence. A number of factors are seemly converging to create upwards pressure. The most prominent, Devcon2, is now in just over two weeks with many new projects expected to launch both in Shanghai and elsewhere. A flurry of activity is expected as China, which has already passed Fintech’s tipping point, is introduced to what seems to be a new stage in blockchain tech – proof of concept testing. The week-long blockchain event may be the biggest yet, with thirty projects to demo in....
On Friday, October 8, 2021, McDonald’s China announced the release of its first NFT in celebration of its 31st anniversary of entering the Chinese mainland market. And also, the official opening of its new headquarters building in Shanghai. The design of the new Shanghai offices was the inspiration for creating the NFT. McDonald’s Big Mac NFT […]