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China
Crypto Tax Critical to Korean Election, China Crackdown Continues
Korea’s crypto tax a critical factor in upcoming presidential election. China’s Zhejiang province cracks down on use of public resources for crypto mining. Beijing Capital Airport accepts e-CNY in latest pilot scheme. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
BIT Mining’s Subsidiary BTC.com to Exit Mainland China
The announcement comes shortly after Antpool, the largest bitcoin mining pool by hashrate, said it will block internet access from mainland China.
DeFi Pushes North America to Become World’s Second-Biggest Crypto Market
China started losing its position in global crypto markets before this year’s crackdown.
China’s Zhejiang Busts GPU Mining Operation in Public Facilities
Bitoin mining has borne the brunt of China’s crackdown so far.
Bitcoin Mining After the China Ban: US Dominance Is Set to Continue
China has “missed the ball” as geopolitical certainty and access to cheap power and infrastructure will enable the U.S. to take more bitcoin mining market share.
BSN to Integrate CBDC-Focused Cypherium Blockchain
Cypherium joins Ethereum, Hyperledger Fabric, Tezos and Solana, among others.
US Claims Bitcoin Mining Crown Following China Crackdown
China’s share has effectively dropped to zero, according to the Cambridge Centre for Alternative Finance.
US Becomes the New Bitcoin Mining King Following China Crackdown
According to the Cambridge Centre for Alternative Finance (CCAF), the U.S. has become the world’s leader in bitcoin mining following China’s renewed crypto industry crackdown, accounting for 35.4% of the global hashrate as of the end of August, more than doubling from 16.8% at the end of April.
Stronghold Digital Sets IPO Price at $16-$18 a Share
Stronghold Digital, a bitcoin mining firm that converts coal waste into power for its operations, plans to raise $94 million and $106 million in an IPO. According to a filing with the SEC, it plans to sell about 5.9 million shares at $16-$18 per share for acquisitions of mining rigs and power-generating assets.
Police in China’s Zunyi City Bust a $124M Money Laundering Scam
Authorities were on the case for two months, following a directive from the country’s State Council.
