Alibaba reportedly cuts dozens from metaverse unit
The Chinese e-commerce giant has become the latest to slash resources for metaverse development as the focus shifts to AI.
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The Chinese e-commerce giant has become the latest to slash resources for metaverse development as the focus shifts to AI.
No need to download or pull up an app to pay with the Chinese CBDC on Huawei phones now.
Bitcoin may strengthen its status as a hedge against monetary debasement due to China’s plans for over $1.4 trillion in new debt, raising interest among […]
Quantum bits currently require temperatures between approximately -200 degrees Celsius to -270 degrees Celsius to operate properly.
Taiwan’s Financial Supervisory Commission reportedly plans to start collecting applications from institutions interested in trialing Bitcoin custody services in the first quarter of 2025.
According to CryptoQuant, the current Bitcoin network difficulty is 88.4 trillion — down from the 92 trillion recorded on Sept. 20, 2024.
China-focused stablecoin data, retail investor participation and skeptical BTC derivatives markets are all signs that Bitcoin price is not primed for a new all-time high.
Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs.
Lou Jiwei stresses that China must assess cryptocurrency developments, particularly as the US shifts policy on Bitcoin ETFs.
According to CryptoQuant founder Ki Young Ju, Chinese mining pools control 55% of the network hashrate, while US mining pools control 40%.
