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“# Chinese hydropower plants on sale as crypto miners move abroad ” Small-scale hydroelectric plants in China are reportedly looking for new customers as crypto miners go abroad amid a nationwide crackdown on mining activity. According to the South China Morning Post (SCMP), advertisements for small-scale hydro plants with 50-megawatt capacity have surged on Chinese…
“#Tesla recalls 285K cars in China” Chinese regulators announced over the weekend that Tesla would “recall” about 285,000 of its Model 3 and Model Y cars in the country for an online software update related to assisted driving. The so-called recall does not require drivers to return their vehicles, China’s State Administration for Market Regulation said…
“# Huobi bans crypto derivatives trading for users in China ” Crypto exchange platform Huobi has updated its user agreement document, banning crypto derivatives trading for customers in China. According to the updated user agreement section of the Huobi Global website, the ban on crypto derivatives trading covers users in jurisdictions like China, Taiwan, Israel…
“# Operator of China’s first Bitcoin exchange reportedly exits crypto ” BTCChina, the operator of China’s oldest Bitcoin (BTC) exchange, is no longer in the crypto business, according to some reports. The company sold its stake in the Singapore-registered Bitcoin exchange ZG.com to an unidentified foundation in Dubai, Chinese news agency The 21st Century Business…
“# Hashing out a future: Is Bitcoin hash rate drop an opportunity in disguise? ” China’s crackdown on Bitcoin (BTC) mining operations has led to a significant drop in the network’s hash rate, but industry participants believe it presents an incredible opportunity for the wider mining ecosystem. China has long been a major contributor to…
“#Letters to the Editor — June 27, 2021” Education winThe Post is one of the few papers in our state to ever report the widely unknown fact that it’s the Democrats, the supposed “party of the poor,” who have for decades opposed parental choice in education, a key factor hurting low-income families (“Listen to the…
“#The right fix for voting laws and other commentary” Election expert: The Right Fix for Voting Laws “It’s easy to see why” the Democrats’ S1 bill — the “For the People Act” — stalled, snarks Honest Elections Project director Jason Snead at Townhall: It’s an “unconstitutional overreach that risks plunging democracy’s foundations into disarray.” S1’s…
“# Shanghai Man: China retains mining control? Alipay’s ancient NFTs and Amber’s big raise ” 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. So low you’ve got to reach up to…
“# Bitmain ceases Bitcoin miner sales to aid second-hand sellers following China ban ” Bitmain, the cryptocurrency infrastructure company behind the Antminer brand, will temporarily halt the sale of mining machines to help secondary sellers offload their supplies following China’s wholesale ban on Bitcoin (BTC) mining. The suspension of new Antminer sales will begin immediately,…
“# Waiting game: Why Friday’s $6B in Bitcoin and Ethereum expiries may not move the market ” After an incredible start in 2021, Ether peaked at $4,380 on May 12 but has dropped 55% since then. Unlike the leading cryptocurrency, the Ethereum network faces competition from projects that do not depend on proof-of-work, hence not…