Category: China
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The Great Reset and accredited investors: Bad crypto news of the week
Check out this week’s Bad Crypto podcast.
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Geopolitical risks prevail as new players emerge in the crypto mining space
China is not the only country that wants control of this highly coveted industry.
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Digital yuan doesn’t pose a threat to the hegemony of the dollar, says expert
Foreign investors still doubt the PBoC’s policies when it comes to the RMB exchange rate.
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No more cheap electricity for Inner Mongolian crypto miners, officials say
The halcyon days of state subsidized electricity are over.
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Jack Ma’s Ant Group files $30B IPO in Hong Kong and Shanghai
China’s Ant Group is prepping for the largest IPO in history.
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Official Notice Says Cheap Electricity to End for Inner Mongolian Bitcoin Miners
Regional reports say that officials from Inner Mongolia delineated 21 bitcoin mines, as the region plans to stop subsidized electrical rates for certain data firms. Unless the bitcoin mining facilities pack up and migrate, mining farms may see an electrical price increase by one third. The Chinese newsdesk Weixin revealed that bitcoin mining farms located…
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China’s Communist Party eyes blockchain for ‘decentralizing’ social services
Beijing’s strategic vision is to use blockchain technology, artificial intelligence, big data and 5G in social assistance system reforms.
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China’s consortium chains may not be trusted internationally, says Vitalik Buterin
Ethereum co-founder shares his opinions on China’s blockchain progress and the Blockchain Service Network.
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China plans to use its digital yuan at the 2022 Winter Olympic Games
Details about the official launch date still remain murky.