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“#US and allies blame China for massive Microsoft email hack” The US and its allies slammed China on Monday for a wide range of “malicious cyber activities” — including a massive hack of Microsoft’s email service earlier this year that exposed the private information of thousands of Americans. In a scathing statement, the White House…
“# Bitcoin mining difficulty drops for fourth time in a row ” Amid the ongoing crackdown on cryptocurrency mining in China, mining new Bitcoin (BTC) continues getting easier as BTC has experienced another mining difficulty drop. On July 18, the Bitcoin network posted its fourth consecutive negative adjustment of mining difficulty, dropping 4.8%, according to…
“# Fed and Yale researchers lay out 2 regulatory frameworks for stablecoins ” The Federal Reserve’s ongoing research into central bank digital currencies, or CBDCs, has broadened to include stablecoins and whether they can be effectively regulated. In their paper, which was published in SSRN’s eLibrary on July 17, Gorton and Zhang argue that “privately…
“# Four North American Bitcoin miners that could benefit from the East-West shift ” Even before China finally wielded the ban hammer on crypto mining, Bitcoin (BTC) miners in North America had been building up their capacity amid efforts to gain a larger share of the global hash rate distribution. From building bigger data centers…
“#Washington needs to answer Beijing’s growing aggression toward Taiwan” In its annual defense white paper, Japan on Tuesday issued a dire warning about Taiwan: A China storm is brewing around the free island of 23 million. “The stability of the situation around Taiwan is important, not only for the security of our country, but for…
“# On the fence: If this is a crypto bear market, how long can it last? ” It has now been three months since Bitcoin’s price peaked at an all-time high just shy of $65,000. For most of the last two months, Bitcoin (BTC) has been trading in the $30,000–$40,000 range, as much as 54%…
“#China’s cyber-watchdog sends authorities to Didi as it amps up probe” China’s cyber-watchdog on Friday announced an on-site cybersecurity investigation of ride-hailing service Didi, stepping up scrutiny after earlier criticism of Didi’s handling of customer information caused the company’s New York-traded shares to tumble. The on-site inspection comes two weeks after the regulator said it…
“# New project aims to bring global crypto miners to Russia ” A major cryptocurrency and blockchain association in Russia is launching a project to bring global crypto mining operations to the country amid a Chinese crypto mining crackdown. The Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain, or RACIB, announced an initiative aimed at…
“#Chinese company Xiaomi now sells more smartphones than Apple” A Chinese smartphone maker just took a big bite out of Apple. Beijing-based Xiaomi shipped more smartphones worldwide than Apple during the second quarter of this year — edging past the iPhone maker for the first time, according to a report. Xiaomi was responsible for 17…
“# China’s central bank says crypto gave impetus to the creation of its CBDC ” Much attention has been paid to the global, geopolitical implications of China’s rapid and pioneering development of its digital yuan, also provisionally known as e-CNY. Yet in a new white paper published by the Working Group on E-CNY Research and…