Page 4 - Mongolia Development News Today

2021-05-11 12:14:50 Ulaanbaatar /MONTSAME/ The Chairman of the State Great Hural (Parliament) G.Zandanshatar received the Chief Representative of the Japan International Cooperation Agency (JICA) in Mongolia Ms. Tamura Eriko on May 10. At the beginning of the discussion, the Chairman thanked JICA’s participation to an online deliberative discussion organized last month on "Constitution Amendment and Mongolias Development Model" with a presenting topic on a seri...

Inner Mongolia, a region in the Peoples Republic of China, is banning the mining of Bitcoin and other cryptocurrencies, both old and new alike. Per a Bloomberg report, the Inner Mongolia Development and Reform Commission has

CX Daily: China’s Pace of Vaccinations Is a ‘Great Concern,’ Disease Expert Warns Vaccinations / China’s pace of vaccinations is a ‘great concern,’ disease expert warns China should speed up the pace of vaccinations to plug the immunity gap against Covid-19 in the population, a top epidemiologist Zhang Wenhong, director of the infectious disease department at Shanghai’s Huashan Hospital, told an online event hosted by the Washington-based Brookings Institution Monday that China h...

Bitcoin mining to be banned in coal-heavy region of China that accounts for 8% of global operations

A Chinese Province Could Ban Bitcoin Mining to Cut Down Energy Use Gizmodo 3/3/2021 © Photo: Lam Yik Fei (Getty Images) Inner Mongolia said: Bitcoin is not accepted here anymore! Over the past decade, bitcoin has put increasing stress on the largely coal-powered grid of China’s Inner Mongolia. Now, the province is clamping down. Late last week, province officials announced plans to ban all new bitcoin and other cryptocurrency mining ventures and quickly phase out existing activity in ord...

Inner Mongolia is famous for cheap electricity by virtue of its large coal mines.  The region has investment from several power intensive sectors

(Bloomberg) -- Bitcoin rallied after a volatile weekend session, riding a broad resurgence in risk assets and a bullish report from Citigroup Inc. The world’s largest cryptocurrency jumped as much as 7.2% to trade around $48,500 in early U.S. trading on Monday.

Bitcoin touched the $50,000 level in Asia trading, riding a broad resurgence in risk assets, with Citigroup Inc. and Goldman Sachs Group Inc. warming up to the largest cryptocurrency.

The world’s top cryptocurrency, bitcoin, continued to rally on Tuesday, pushing above $49,000 during early trading. The rally comes as the Chinese government plans to ban crypto mining in the country.

Spread the love ASIA: China’s manufacturing sector grew at a markedly slower pace in February than the month before, surveys released over the weekend suggested, even as similar indicators in the US are signaling rapid growth. Chinese purchasing managers indexes have been trending lower since December when officials mandated new lockdowns in some northern cities to contain a rash of coronavirus outbreaks there. February’s service sector PMI was expected to be weak because officials have bee...