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China
China’s NDRC to Consider Punitive Electricity Prices for Crypto Mines
The central government called on provinces to “take responsibility” of their jurisdictions.
Canadian Miner Hut 8 Revenue Surged Over 700% in Q3
Canadian cryptocurrency miner Hut 8's third-quarter revenue was $40 million, rising about 767% from last year and beating the average analyst estimate of $34.8 million. Hut 8 Mining Chief Financial Officer Shane Downey shares insights into the firm's growth and plans. Plus, his take on the impact of Bitcoin's Taproot upgrade and China's crypto crackdown on Hut 8's business operations.
Taproot Goes Live, Hong Kong Crypto Kidnap
Chinese official expelled over crypto mining. Bitcoin's Taproot upgrade goes live. Hong Kong police make arrests after crypto kidnapping. We'll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Chinese Crypto Miner The9 Expands in US With Compute North Deal
The company also plans to add 14,000 miners with other hosting partners in countries including Canada.
Tether, Bitcoin and Chinese Commercial Paper at Scale
A look at the leading stablecoin’s market cap and China’s real estate industry.
Kazakhstan’s Crypto Miners Face New Regulations After Contributing to Power Shortages
Crypto mining could help push the country’s transition into green energy.
China’s Xi Cements Power With Historic Communist Party Resolution
President of China Xi Jinping has issued a new historic resolution to cement his leadership as the head of the Chinese Communist Party (CCP) going forward. The only other leaders who have pushed through such resolutions on the party’s history are Mao Zedong and Deng Xiaoping.
Huobi Global to Expel Singapore Users, Citing Local Regulations
The exchange is looking to expand overseas to make up for lost Chinese users.
Bank of China Reveals Machine That Converts Foreign Currency to Digital Yuan: Report
The machine requires a passport, but not a bank account.
