From mining to software: China’s regulatory crackdown on crypto continues
Financial institutions, crypto miners, and now software companies — where will regulators in China move to strike next? Go to Source Powered by WPeMatico
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Censorship resistance: Hong Kong’s Apple Daily archives preserved by artist Kevin Abosch
When 20 years of pro-democracy journalism is under threat, blockchain’s potential for censorship-resistance is brought into focus. Go to Source Powered by WPeMatico
China proves Bitcoin is an unstoppable machine: Bitcoin Center founder
Bitcoin price goes up once regulatory setbacks are digested by the crypto community, Zap Procotol co-founder Nick Spanos says. Go to Source Powered by WPeMatico
Japanese Ruling Party Official Says Digital Yen Clarity Will Be Revealed in 2022
While the U.S. ramps up discussions of a digital dollar and China’s central bank digital currency (CBDC) draws near, Japan’s CBDC, otherwise known as the digital yen, is getting closer to its realization as well. Japan’s ruling Liberal Democratic Party member, Hideki Murai, explained in a recent interview this week that more clarity on the … Read more
As Miners Leave Bitcoin in Droves, Space Allocation Dedicated to Filecoin and Chia Surges
While a large quantity of hashrate has stopped dedicating resources to the Bitcoin network, a great number of alternative mining ecosystems are swelling with new participants. China’s ASIC exodus has ignited a significant increase in demand for accessing storage power on both Filecoin and Chia’s proof-of-storage networks. Both networks have seen space allocation spike significantly … Read more
China crypto ban a ‘huge opportunity for Canada,’ mining group head says
The diversified location of Bitcoin mining facilities following China’s crackdown is great news for the rest of the world, iMining CEO Khurram Shroff says. Go to Source Powered by WPeMatico
Japan’s finance industry awaits clearer picture of digital yen in 2022
The digital yen should be compatible with other CBDCs to counter China’s progress with its digital yuan, one official argued. Go to Source Powered by WPeMatico
Bitcoin Mining Profitability to Rise 35% While Ousted Chinese Miners Face Delays Relocating
Analysts are predicting a rise in Bitcoin mining profitability of about 35% during the short term. This would be the effect of the bitcoin mining crackdown in China. Since the crackdown happened, a significant portion of hashrate stemming from the Bitcoin network disappeared. Ousted miners are struggling to relocate, and some might not even make … Read more
Brian Armstrong Meets With Fed Chair Jerome Powell – ‘US Needs to Be a Major Crypto Player to Stay Relevant’
According to Jerome Powell’s conference calendar, the CEO of Coinbase, Brian Armstrong, met with the Federal Reserve chairman and former House of Representatives Speaker Paul Ryan to speak about the implications of digital currencies. The meeting’s details are unclear but most of the discussions seemingly revolved around the construction of an American central bank digital … Read more
Huobi imposes 24 hr crypto withdrawal delay to dampen speculation
The exchange’s decision aligns squarely with Beijing’s ongoing and multi-pronged crackdown on the country’s cryptocurrency investors in its attempt to prevent both capital outflows and volatility in the crypto sector. Go to Source Powered by WPeMatico