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China
Bit Mining Pivots Overseas, Ethereum Creator Joins ‘Stoned Cats’ Cast
China’s Bit Mining pivots to focus on overseas mining business. Korean crypto exchange Upbit accused of involvement in illegal transactions. Ethereum’s creator joins the cast of animated crypto series ‘Stoner Cats.’ We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Tron, Stuck in Polygon’s Shadow, Deserves Its Own Place in the Sun, Founder Says
Some DeFi projects on Tron apparently have quietly beaten their peers on Polygon and Ethereum.

Beijing City Blockchain Touts Interoperability With File Storage Product
The city's government plans to unite data that's spread out among its departments.

Elon Is 'In It for the Profit Motive': An Interview With Google's Neel Mehta
Crypto will become part of the establishment, says bestselling author Neel Mehta. But bubbles, revolutions and a billionaire's tweetstorms come first.

FTX CEO Says US Is Next Big Target Market
"When you look at FTX US, there's an enormous amount of potential growth in the states," Sam Bankman-Fried said Thursday on CoinDesk TV's "First Mover" program.

Ping An Trials E-CNY; Core Scientific to Go Public
China’s Ping An insurance joins trials of the digital yuan. Crypto miner Core Scientific to go public. China tries out a blockchain-enabled shipping cargo release system. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

China Unveils Cryptography Research Center to Support Digital Yuan
The institute will be used to develop applications of the technology in an effort to boost security for China's central bank digital currency.

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.
