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China
China’s Digital Inequality Dilemma: Open-Source Innovation vs. Control
A new report reveals at least one underreported goal of China's ongoing crackdown on big tech firms is “to reduce inequality and promote what the party calls ‘collective prosperity," but this is a paradox because China is far from adopting decentralized blockchain-based structures, which could solve the problem. "I don't think this is about equality at all," host Naomi Brockwell said. "[China is] specifically targeting people that are getting threatening to the government... it's all about control."
Insurer Pingan Issues Digital Yuan COVID-19 Policies for Medical Staff: Report
Purchasers who pay for their coronavirus coverage with e-CNY can receive discounts.
Canada CBDC 'Probably Necessary' for Competition, Central Bank Says in Paper
The authors argue a central bank digital currency will likely be positive for Canadians, breaking monopolies in big tech and traditional finance.
China's Digital Inequality Dilemma: Open-Source Innovation vs. Control
China's fight against data-driven inequality could also hamper prosperity. Web 3.0 is one solution but will the Communist party embrace it?
Market Wrap: Sentiment Away From Risk Sends Bitcoin Toward $30K
Bitcoin is at risk of breaking its $30K support level.
Russian Industry Association Works to Attract Crypto Mining
The Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (RACIB) is working with local authorities and state-owned enterprises to attract crypto mining firms to the country as they migrate away from China. "The Hash" hosts discuss bitcoin miners breaking new ground in Russia and neighboring Kazakhstan and the implications for the wider mining community.
Biden Administration Accuses Chinese Hackers of Conducting Ransomware, Cryptojacking Attacks
U.S. President Joe Biden is accusing the Chinese government of supporting cyberattacks, including ransomware, cryptojacking, digital extortion, and theft. CoinDesk's Nikhilesh De discusses the allegations as the White House ramps up its anti-ransomware efforts. Plus, his take on the U.S. Presidential Advisory Group's meeting on stablecoins Monday.
E-CNY White Paper Released, Malaysia Steamrolls Mining Rigs
China releases white paper on E-CNY. Bitcoin mining difficulty falls for the fourth time in a row. Malaysian police steamroll seized crypto mining rigs. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
South China Morning Post to Mint Historical Records as NFTs
The SCMP introduced its ARTIFACT standard for recording historical accounts and assets on the blockchain as NFTs.
China Releases First Carbon Offset on Ant Group Blockchain: Report
Tianjin, known for its heavy industry and oil refineries, issued China's first blockchain-based carbon offset, as the country builds up its national carbon trading platform.
