China


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Where Will the Miners Go Following China’s Renewed Crypto Crackdown?

The calendar may provide a clue to China’s recent crypto crackdowns, with some saying it is at least plausible the Chinese authorities would send a strong warning to the crypto industry in the weeks leading up to July 1, the 100th anniversary of the Chinese Communist Party.

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China Crypto Crackdown: Calendar Offers Clue on ‘Why Now?’

The Chinese Communist Party celebrates its 100th anniversary today on July 1. Some members of the crypto community, including Ballet CEO Bobby Lee, suggest this calendar date may provide an explanation for China's renewed crypto crackdowns. "The Hash" unpacks the story as crypto intersects with geopolitical contexts.

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Is Now the Time to Buy Bitcoin?

QCP Capital Co-Founder and CIO Darius Sit discusses mixed signals for bitcoin and whether this is a smart time to invest now. “Bitcoin is “the king coin,” Sit said. While Ethereum can potentially trade higher than bitcoin, he said he believes that bitcoin will hold value better in the long run.

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Russia and China Moving Their CBDC Projects Forward

Central bank digital currency (CBDC) initiatives around the world are ramping up. The Bank of Russia has reportedly named 12 banks to develop a prototype of the digital ruble by December. Meanwhile, the CBDC trials have reached Beijing’s subways as passengers can now use the digital yuan to pay their fares.

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Why Bitcoin Mining Hashrate Dropping to 1-Year Low Following China Crackdowns Is Good News for Miners

China's continued crypto crackdowns have been a blow for mining operations based in the country, but for miners in other parts of the world, it might be good news. Bitcoin's hashrate, a measure of the computational power working to secure the blockchain network, dropped to its lowest since May 2020. Meanwhile, the BTC mining difficulty could see a 25% decrease in July. "The Hash" hosts unpack why this is a windfall for active miners outside of China.

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Blockchain in Asia: China’s Ripple Effect

Throughout Asia, the race is on to lead not just the region but the world in the blockchain and digital currency space. China may have been first out of the gate, but the rest of Asia is scrambling to keep up.

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Crypto.com Becomes Formula 1 Inaugural Global Partner of Sprint Series

Kris Marszalek, CEO of Crypto.com, the fastest-growing crypto platform, discusses teaming up with Formula 1 as the inaugural global partner of the new Sprint series and why crypto exchanges are upping their budget for marketing and sponsorships. Plus, the impact of China's continued crackdowns on the mining industry.

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ConsenSys, the Chinese University of Hong Kong Launch Blockchain-Based COVID-19 Digital Passports

Charles d’Haussy of ConsenSys explains how the new blockchain-based digital health passport can help alleviate the pandemic situation in Hong Kong, affirming that the Chinese government will not gain access to data through this new app.

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China’s Crypto Miners Eye Kazakhstan in Exodus, E-HKD Study on Track

A look at how Kazakhstan’s quickly becoming a crypto mining hub alternative to China. Hong Kong’s finance chief reiterates plans to strengthen e-HKD research. Forkast.News launches a new three-part series with the Judith Neilson Institute on China’s blockchain developments. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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The Case for Binance: Global Regulators Reining In?

Regulators in Canada, Japan, and the U.K. are issuing warnings against Binance for operating in their territories. PwC Global Crypto Leader Henri Arslanian discusses the global regulatory risks against Binance and what this means for its users and other crypto exchanges. Plus, where are the bitcoin miners moving to next following China's crypto ban?

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