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China
Beijing to Track Crypto Mining Impact on Energy Consumption: Report
A Beijing municipal bureau sent an emergency notice to local data centers, asking about crypto mining operations.
US Will Not Race China to Develop a CBDC: Fed Chairman Powell
The U.S. is biding its time to see whether a CBDC was something that would be a "good thing for the people," Powell said Wednesday.
Nexon Bags $100 Million in Bitcoin; Inner Mongolia Crypto Mining Exodus
Online gaming giant Nexon added 1,717 Bitcoins worth $100 million USD into its corporate treasury, stamping the largest crypto purchase from a Tokyo Stock Exchange-listed firm. In China, the deadline for crypto miners to wrap up businesses in Inner Mongolia is inching closer. Could Europe and the United States present greener pastures?
Bitcoin Hashrate Rebounds as Xinjiang Miners Come Back Online
The outages took place shortly before mining operations usually move from the coal-rich Xinjiang region to the rain-rich region of Sichuan.
Ant Group Confirms It Is Helping China With the Digital Yuan
Jack Ma's Ant Group confirmed that it has been working on the digital yuan project with China's central bank since at least last year, providing the People's Bank of China access to its database technology and payment tools. Nik De breaks it down. Plus, the House passes the first major crypto-specific legislation aimed at breaking down barriers to innovation.
Ant Group Shares Exclusive Database Tech to Grow China’s E-Yuan
Internet giant Ant Group, which owns mobile payment leader Alipay, says it will offer technical support to help China roll out its digital currency. JD.com, a leader in China’s e-commerce space, reveals that it’s started paying some employees with the DCEP.
Ant Group Has Been Working With China’s Central Bank on Its CBDC Since 2017: Report
The Alibaba-affiliated company disclosed the information over the weekend at the Digital China Summit in Fuzhou.
Bitcoin’s Outlook for Next Week
By some estimates, bitcoin’s price next week may range from the mid-$50Ks to as low as $29K. “All About Bitcoin” discusses bitcoin’s possible outcomes next week. Plus, an update on the China bitcoin mining situation and a discussion of how institutional investors are responding to the dip.
The Future of Money Is Unbundled
Money's three social functions – storing value, exchanging it and providing a unit of account – are unraveling, with dramatic implications, says EYQ's Insights Director.
Chinese Crypto Miners Face Unstable Regulatory Environment
Tightening regulations have unnerved some crypto miners in China.
