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China
Bitcoin Miner Profits Remain High Despite Surges in Mining Difficulty
Today’s 4.5% increase is the fourth consecutive upward difficulty adjustment. But it’s slowing.
Hong Kong SFC Should Regulate Crypto, Says Official: Report
The city’s government is expected to propose a bill that would require virtual asset services providers to apply for licenses.
China to Pilot Blockchain-Based Green Power Trading
The world biggest CO2 emitter is using blockchain to transition into carbon neutrality.
China Has Completed ‘Rectification’ of Crypto Transactions: PBOC
The country’s central bank has warned banks and payment services providers to stay away from virtual currencies.
BSN to Launch South Korea Portal, Canaan Secures Huge Rig Order
China’s Blockchain-based Service Network to launch portal in South Korea. China’s Canaan secures huge mining rig order from Genesis Digital Assets, and a Korean play-to-earn game explodes in popularity despite a ban in its home country.
Red Date, MetaverseSociety Partner to Launch BSN Portal in S. Korea
The portal will be the Blockchain Services Network’s third in the APAC region.
Market Wrap: Bitcoin Slips Below $48K as Focus Shifts to Regulation
Bitcoin is in pullback mode as China and the SEC have traders’ attention.
China’s 9F to Become Crypto Brokerage After State Cracks Down on P2P Lending
The financial technology firm had to abandon its biggest revenue stream because China wanted to eradicate the industry.
Is Bitcoin Too Big to Fall?
Quantum Economics analyst Jason Deane discusses his outlook for the Bitcoin network, explaining why he believes there's "too much value" and "too much at stake" for it to fall. "It's very, very difficult to stop something that has a full network effect," Deane said. Plus, insights into the global growth of BTC users, the impact of China's mining crackdowns on the hashrate, institutional interest in crypto.
China to Build Global Clearing Network for Mobile Payments Using Digital Yuan
According to the People's Daily, China aims to build an international clearing and settlement network for mobile payments using the digital yuan, saying renminbi (RMB) internationalization is inevitable. Meanwhile, the central government is tightening its grip on control as it's now issuing guidance for time spent on video games. "The Hash" hosts discuss the latest on China's central bank digital currency (CBDC) pilot, its implications for global finance, and if China's political model impedes innovation.