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“# 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…
“# Shanghai Man: Crypto media closes, bad news just repeats, mining laws are beneficial? ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. It has now been two months since the…
“#Authoritarianism advances as world battles the pandemic” LONDON — Here’s some of what happened while the world was distracted by the coronavirus: Hungary banned the public depiction of homosexuality. China shut Hong Kong’s last pro-democracy newspaper. Brazil’s government extolled dictatorship. And Belarus hijacked a passenger plane to arrest a journalist. COVID-19 has absorbed the world’s…
“# China’s crypto industry is gone? Beijing’s crackdown keeps sending shockwaves ” Since the start of the summer, a series of measures from Chinese authorities to curb cryptocurrency trading and mining have dominated the crypto news cycle. From urging financial service providers to throttle cryptocurrency-related transactions to ordering a crypto trading software provider shut down,…
“# China’s Bitcoin hash power fell before the crackdown: Cambridge data ” China’s crackdown on Bitcoin (BTC) mining due to energy consumption concerns is widely regarded as the trigger for the miners’ exodus from Asia to Western countries. But new research by the Cambridge Centre for Alternative Finance suggests that the shift in mining power…
“# Bitcoin mining ban an easy decision for China, says Bitmain EMEA partner ” Two weeks after a 15% increase in electricity prices in Turkey, a new store selling professional mining equipment has opened its doors in Istanbul —the business hub of the country— on July 13. Opening a mining equipment shop in a country…
“# China shuts down crypto mining in Anhui province ” The Chinese government continues cracking down on the cryptocurrency mining industry by suspending crypto mining operations in another province. Authorities at Anhui, a small province in eastern China, have announced a set of measures to tackle growing electricity demand and an associated power supply shortage…
“#17 people killed as search ends in Siji Kaiyuan Hotel collapse” The death toll in the collapse of a hotel in eastern China was raised to 17 Wednesday as authorities ended the search and rescue mission. The city of Suzhou said on its social media feed that 23 people had been pulled from from the…
“# Bit Mining raises $50M to take operations out of China ” Shenzhen-based crypto mining firm, Bit Mining, is raising $50 million to fund an expansion out of the Chinese market. Announced on July 12, the firm has entered into an agreement with select institutional and accredited investors to raise $50 million through a private…
“#China hotel collapse kills eight; rescuers search for nine missing” Enlarge Image Rescue workers work next to a crane at the site where a hotel building collapsed in Suzhou, Jiangsu province, China July 12, 2021. Picture taken July 12, 2021. Cnsphoto via Reuters SHANGHAI, July 13 – Part of a hotel collapsed in the Chinese…