Iran’s Bitcoin Bet and the Money Wars to Come

Iran's push to license bitcoin mining could help it evade U.S. sanctions. But the plan is likely to help some of its people more than others.

China Is Opting Out of US-Run Financial System

If the U.S. government doesn’t lead financial innovation, China will leapfrog it and control the world’s emerging monetary infrastructure.

What China’s Blockchain Services Network Means for the World

While China invests heavily in blockchain technology, President Biden failed to mention the topic in his recent State of the Union.

Beijing to Track Crypto Mining Impact on Energy Consumption: Report

A Beijing municipal bureau sent an emergency notice to local data centers, asking about crypto mining operations.

US Will Not Race China to Develop a CBDC: Fed Chairman Powell

The U.S. is biding its time to see whether a CBDC was something that would be a "good thing for the people," Powell said Wednesday.

Bitcoin Hashrate Rebounds as Xinjiang Miners Come Back Online

The outages took place shortly before mining operations usually move from the coal-rich Xinjiang region to the rain-rich region of Sichuan.

Ant Group Has Been Working With China’s Central Bank on Its CBDC Since 2017: Report

The Alibaba-affiliated company disclosed the information over the weekend at the Digital China Summit in Fuzhou.