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Thursday

13 May 2021

Our Man in Shanghai: DogeMania, ‘Dog-Coin’ trademark dogfight, hashrate outage, government warms up to crypto

Our Man in Shanghai: DogeMania, ‘Dog-Coin’ trademark dogfight, hashrate outage, government warms up to crypto


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According tolocal sources, the hash rates on Ant Mine Pool fell by 21.93%, BTC.com by 18.5%, Binance Mine Pool by 22%, and Huobi Mine Pool by 25.5%.

Li Bo, deputy governor of the People’s Bank of China, raised some eyebrows when he announced at a conference that the bank regards Bitcoin and stablecoins as investment alternatives.

In digital yuan news, many fear that stricter monitoring of currency could be another blow to the Macau gaming industry.

Finally, the former governor of the People’s Bank of China warned that applying digital taxes could trigger a tariff war.

China is slowly extending its influence in neighboring countries through economic policies, a theme that could be accelerated by developed digital yuan infrastructure.

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Bitcoin, And A Limitless Existence
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cointelegraph.com
Market data feeds provided by cryptocompare.com
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