China’s Major Crypto Content Platform Shifts Focus Away from Cryptocurrency

We may assign too much significance to seemingly small steps, such as the recent Hong Kong move and its aftermath. Conversely, investors have also exaggerated certain steps. Today saw a peculiar development that could potentially sow doubts about the future. The news came from China’s front. 8btc Departs from Crypto 8btc, one of China’s oldest cryptocurrency content/news platforms, announced it will no longer produce content related to cryptocurrencies. According to popular crypto reporter Wu Blockchain from China, they will now focus on artificial intelligence. Back in 2018, when many popular accounts were not even aware of cryptocurrencies, 8btc received an investment worth 352 million Turkish Lira at today’s exchange rate. The substantial investment from Bitmain, one of the largest crypto mining platforms, made a splash at the time. Now we see one of the country’s largest crypto content platforms distancing itself from the field. This might indicate that the pressure […] The post China’s Major Crypto Content Platform Shifts Focus Away from Cryptocurrency appeared first on COINTURK NEWS.