Last week in review: China launches wallet for digital yuan

China launches wallet for digital yuan

What

China has launched a pilot version of a wallet for its digital yuan

Why

China is planning to launch its own digital currency

What next

The app is being trialled in 10 areas, including cities like Shanghai and Beijing

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New range of Samsung TVs enables you to preview, buy and display NFTs 

What 

Samsung’s new range of MicroLed, Neo QLED and The Frame TVs will enable owners to browse, buy and display non-fungible tokens (NFTs)

Why 

The electronics giant revealed its new range of NFT-compatible TVs at a Las Vegas tech fair, saying that the increasing demand for NFTs called for a solution in the “fragmented display and shopping landscape”

What next 

Samsung is the latest among multinational corporations to enter the NFT and metaverse spaces, following giants like Nike and Adidas. The continued interest by corporations is on the back of massive unprecedented growth of the NFT sector in 2021

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Bitcoin kicks off new year with all-time high hashrate

What 

Data by Glassnode, an on-chain data company, shows that hashrates on the bitcoin network spiked to 201 exahashes per second (EH/S) on 1 January 2022, surpassing previous all-time highs recorded in April 2021

Why 

The new record indicates that the majority of bitcoin miners have migrated to other parts of the world and are back in full force following the ban on bitcoin mining by China, which, at the time, was home to the majority of bitcoin miners globally

What next

Bitcoin developer Jameson Lopp says the fast recovery from the drop in hashrate, due mainly to the mining ban in 2021, is a major milestone for network resilience

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