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Developing countries love the Metaverse, rich nations not keen: WEF survey

Developing countries have more than double the amount of people positive that the Metaverse will impact their lives and they'd use it daily in comparison to developed countries.

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Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme

Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to…

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Study: Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate

New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While…

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China Emerges as Leading Bitcoin Mining Hub a Year After Crackdown: Cambridge Data

China outlawed Bitcoin mining last May. Exactly a year later, the country has re-emerged as the leading venue for mining operations. A new study revealed underground mining activity in the…

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China Backed Publication: Terra LUNA Crash Vindicates Country’s Ban on Crypto-Related Activities

An op-ed article published in the state-backed Chinese publication Economic Daily, has suggested that the recent crash of the Terra blockchain’s LUNA and the de-pegging of the UST stablecoin vindicate…

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Shanghai High Court Declares Bitcoin Virtual Asset With Economic Value Protected by Chinese Law

The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected…

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