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“# Shanghai Man: Fight crypto like COVID-19 urges Global Times, hydro power plants popular … ” 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. Flags and celebrations were the order of…
“#Elon Musk praises China’s economy on Communist Party’s anniversary” Elon Musk heaped praise on China’s economic development late Wednesday night as the Communist Party celebrated its 100th anniversary in power. Musk lauded the country’s development in response to a tweet from state-media outlet Xinhua News that included a quote from Chinese President and Communist Party Chairman…
“# Kazakhstan to introduce new energy fees for crypto miners in 2022 ” As Kazakhstan becomes increasingly popular for cryptocurrency mining, the country’s president has signed a new law introducing an extra levy for crypto miners. President of the Republic of Kazakhstan Kassym-Jomart Tokayev recently signed last a new law that imposes an additional tax fee…
“#On centenary of the Chinese Communist Party, the West must kowtow no more” July 1 should be a day of mourning for all freedom-loving people: It’s the 24th anniversary of Britain’s handover of Hong Kong to China, the first anniversary of Beijing’s imposition of a draconian national-security law on the territory and the centenary of…
“# Crypto miner claims all major Yunnan operations shut down in advance of CCP anniversary ” Reports alleged that cryptocurrency miners in China’s Yunnan province may be out of commission for a day if not longer due to the Chinese Communist Party’s 100th anniversary celebration this week. According to Kevin Zhang, the vice president of…
“#‘Chinese Uber’ Didi valued at $80B in US IPO as shares soar” Shares in Didi, the largest ride-hailing firm in China, soared nearly 19 percent in their New York Stock Exchange debut Wednesday, valuing the ride-hailing giant at $80 billion in the biggest US listing by a Chinese company since 2014. SoftBank-backed Didi’s stock opened…
“# Beijing subway now accepts digital yuan ” China continues expanding the scope of its central bank digital currency (CBDC) by debuting digital yuan payments for transport services. According to an official Wednesday announcement, the Beijing subway has launched a pilot program enabling passengers to access 24 subway lines and four suburban railway stations using…
“# China crackdown shows industrial Bitcoin mining a problem for decentralization ” Bitcoin’s reliance on large-scale mining infrastructure and geographic concentration has been thrown into sharp relief by China’s recent mining crackdown. In May, China announced that it would be getting tough on crypto mining and trading as a response to financial risks. The nation’s…
“#Justice Thomas’ Pot Rebuke and other commentary” Libertarian: Justice Thomas’ Pot Rebuke Sixteen years after the Supreme Court ruled the federal marijuana ban applies even when individual states have legalized it, Justice Clarence Thomas “is back with another blast” at the federal government’s “half-in, half-out regime that simultaneously tolerates and forbids local use of marijuana,”…
“#China’s cyber power ‘exaggerated,’ at least decade behind US, new study says” The International Institute for Strategic Studies, a think tank, published a new study on Monday that ranked the US as the world’s only “top tier” cyber power and said China is firmly within the second group– joined by Russia and France, to name…