China
State of Bitcoin Mining in China as Crackdown Continues
Kevin Zhang, Foundry VP of Business Development, explains the history of China’s crackdowns on cryptocurrencies and mining operations from 2017 to where we are now. “The most recent crackdowns are the hardest we’ve ever seen,” Zhang said miners are headed to Eastern European and Central Asia. But could they return?
Brian Brooks on Binance's Global Regulatory Warnings
Amid global regulatory pressures against Binance, Brian Brooks, CEO of Binance.US, responds to whether this is a coordinated effort by regulators or something closer to a domino effect. "I think it's interesting how much attention Binance gets versus other exchanges," Brooks said, noting the intensifying regulatory scrutiny. Plus, new high-profile hires, U.S. risks for operating Binance.US, crypto regulation, stablecoins, and how China's crypto crackdowns impact the global crypto markets.
Why China’s Crypto Mining Ban Is More Serious Than Before
Industry leaders say China's carbon neutrality policy is a key factor in the recent mining crackdowns, according to CoinDesk's David Pan. "The Hash" hosts discuss the deeper motivations for China's ban on crypto mining. "Fear factor definitely has a play in how hard they're clamping down on [mining]," host Naomi Brockwell said.
Signs of BTC Hashrate Stabilizing?
CoinDesk's Christie Harkin discusses the potential signs indicating bitcoin's hashrate is stabilizing, amid speculation the worst fallout from China's recent mining crackdown might be over. Plus, the latest update on bitcoin's Taproot activation. "More than a quarter of bitcoin nodes have upgraded to the new protocol, and that's a big deal," Harkin said.
Could Taiwan Become Asia’s Next Crypto Capital?
As crypto miners in China migrate elsewhere, some suggest Taiwan could be their next top destination. "The Hash" panel discusses the possibility of Taiwan emerging as the new digital asset haven of Asia.
USDC Backer Circle to Go Public in SPAC Deal
Amid much debate on the outlook for stablecoin regulation, Jeremy Allaire’s Circle, which issues stablecoin USD coin (USDC), is going public in a special purpose acquisition company (SPAC) deal. “Circle has a huge opportunity to provide more transparency than any other stablecoin issuer,” CoinDesk’s Nikhilesh De said.
Penalties for Kimchi Premium Abusers, Digital Yuan on Trial Again
Kimchi premium becomes kimchi penalty. Chengdu holds China’s latest digital yuan trial. Taiwan’s Lootex uses NFTs to preserve cultural history. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
How NFTs Could Be Closing the Income Gap in the Chinese Music Industry
Hong Kong-based singer-songwriter Hanjin Tan, the first musician to launch a Chinese music non-fungible token (NFT), discusses the role of NFTs as a potential lifeline in helping close the income gap among struggling musicians in China and other parts of Asia.
What Didi’s Downfall Means for Web 3.0
Just days after Chinese ride-hailing firm Didi completed its U.S. initial public offering (IPO), Chinese regulators ordered its app be removed from the app stores, citing data security concerns. "The Hash" team examines Didi's downfall, what it means for web 3.0, and the global implications of China's tightening oversight of data security and overseas listings.
Valkyrie CIO and Co-founder Steven McClurg: Bitcoin in Rangebound Until End of Summer
Bitcoin was holding support around $33K Tuesday and is down about 5% over the past week. The cryptocurrency had a choppy trading session during Asia hours and is stuck in a tight range since June. Valkyrie CIO and co-founder Steven McClurg discusses the outlook for bitcoin and whether it will break out soon. "I definitely see us stuck here over the summer," he said, commenting on bitcoin's trajectory. Plus, why McClurg says he thinks inflation is not transitory and the impact of China's crypto crackdowns on bitcoin's price and hashrate.
