Crypto’s impact on sanctions: Are regulators’ concerns justified?
Cryptocurrencies, including CBDC’s, have now become a part of the narrative on sanctions due to high adoption. Go to Source Powered by WPeMatico
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Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals
China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest share among several attractive destinations, including the U.S. Russia, Kazakhstan, US Accept … Read more
Hillary Clinton Calls on Biden Administration to Regulate Cryptocurrency — Warns of Manipulation by Russia, China
Former presidential candidate Hillary Clinton has called on the Biden administration to regulate the cryptocurrency markets. She warned that countries like Russia or China, as well as nonstate actors, could manipulate all kinds of technology to their advantage and destabilize countries as well as the dollar as the world’s reserve currency. Hillary Clinton Stresses the … Read more
Law Decoded: Constitutions of the future will be ratified by DAOs, Nov. 15–22
An online initiative to secure a rare copy of the U.S. Constitution shows the power of Web 3.0 collective action. Go to Source Powered by WPeMatico
Southeast Asian financial institutions turn to the Ethereum blockchain
Is Ethereum the blockchain of choice for financial institutions in Southeast Asia, or will companies seek alternatives due to limitations? Go to Source Powered by WPeMatico
Central Bank of Peru Will Develop a Digital Currency
The Central Reserve Bank of Peru, the Peruvian central bank, is planning to develop a central bank digital currency (CBDC) like other economies of the world. The announcement was made by its president, Julio Velarde, who stated that the currency would be designed for use primarily in payments. However, Velarde also acknowledged this was not … Read more
China Targets Crypto Mining at State-Owned Enterprises, Threatens Punitive Measures
Authorities in China are continuing to crack down on activities linked to cryptocurrencies which they consider illegal. The country’s top economic planning body has clearly indicated it intends to go after large-scale cryptocurrency mining taking place at government-operated industrial facilities. State Firms Mining Crypto in China to Face Higher Electricity Bills China’s National Development and … Read more
China warns state-owned enterprises to cease involvement in Bitcoin mining
China is considering imposing harsh penalties on state-owned firms that continue mining cryptocurrencies. Go to Source Powered by WPeMatico
Bitcoin’s Hashrate Soars 42% Higher Over the Last 3 Months Following Crypto Asset’s 36% Price Increase
While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s. Moreover, after nine consecutive difficulty changes, going forward, … Read more
China’s Real Estate Giant Evergrande Narrowly Dodges Default for Third Time in 30 Days
In mid-September China’s Evergrande Group, the country’s second-largest property developer by sales, sparked fear in the global economy as the company’s market valuation plummeted to an 11-year low. Global economists have warned that if Evergrande defaults on its debts, it could start a credit contagion similar to the Lehman Brothers bankruptcy in 2007. So far, … Read more