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China
How Accidents in Chinese Coal Mines Are Affecting Bitcoin Mining
The explosions took nearly a quarter of Bitcoin's hashrate offline, but the network is operating normally and these miners could be back online in as soon as a week.
US Policy Adviser Rebuts Peter Thiel: Bitcoin Won't Undermine USD
One policy maker says China is unlikely to use bitcoin as a financial weapon against the U.S. dollar.
Dogecoin Swells Over 80% in Asia Hours; China’s CBDC Pilots Turn One
Dogecoin prices surged during Asia trading hours, thanks to celebrity hype from Tesla CEO Elon Musk and fellow billionaire Mark Cuban.
China’s Digital Yuan Is No Threat to US Dollar, Says Bank of Japan Official: Report
“The dollar’s status as the key global currency won’t change so easily,” BOJ’s head of payments told Bloomberg.
Tech Consortium to Spend $1.3B to Build Filecoin Mining Facility in China
Upon its completion, the facility will be the largest filecoin distributed storage infrastructure project in China.
IMF Wants More Crypto Supervision in the Philippines
Crypto exchanges in the Philippines are in the crosshairs of the International Monetary Fund. The IMF warns the country’s financial sector status could diminish if exchanges are left unchecked and potentially abused for financial crimes. That as China extends tests of its digital currency to its free trade zone, Hainan Province.
China Cracks Down on Jack Ma's Fintech Giant Ant Group: Why It Matters
Chinese billionaire Jack Ma's Ant Group will become a financial holding company subject to China's central bank's oversight following a recent antitrust case in China. "The Hash" panel discusses the global significance of these developments and reads between the lines about China's crackdown on fintech firms, Alipay and the digital yuan.
Ant Group to Become Financial Holding Company as Part of Alibaba Settlement: Report
The terms of the restructuring are expected to curb the Alibaba affiliate's profitability and valuation.
Biden Administration Concerned Over Long-Term Effects of Digital Yuan: Report
Officials at multiple government departments are increasing efforts to better understand any possible threat posed to the U.S. dollar by China's digital yuan.
