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The Straits Times Concerns have grown globally about the energy intensity of cryptocurrency mining.PHOTO: REUTERS Hu Yue and Guo Yingzhe Published3 hours ago https://str.sg/3k35 They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. including the ST News Tablet worth $398.

One Chinese region has set up a hotline to report illegal Bitcoin farms.

China’s obsession with financial secrecy is causing problems overseas … even when it’s giving $55M away China is once again causing controversy in Africa for doing something that, in theory, should win praise — giving away money. This week, it emerged Beijing had secretly gifted Sierra Leone $55 million to fund a controversial “fishing harbor” on an undeveloped stretch of coastline, which supports the local fishing industry, borders protected rainforest, and is home to endangered turtles and pangolins. The deal only came to light after residents were told by officials in the Whale...

Squeeze on Bitcoin: China Province Sets Up Hotline to Tattle on Crypto Miners [u] May 21, 2021 @ 11:04 am By JD Alois Multiple reports are indicating that China continues to put the squeeze on cryptocurrency. Long ago, China officially halted crypto trading but the country has long been home to many crypto miners. In fact, according to the Cambridge Centre of Alternative Finance (CCAF) Bitcoin Mining Map, China controls a whopping 65% of Bitcoin mining as of April. Earlier this year, China accounted for over 70% of Bitcoin mining. The United States is a distant second at just 7.24%. CCAF not...

Inner Mongolia, which recently banned bitcoin mining, has established a hotline for reporting illegal operations. In an announcement published yesterday, the The Inner Mongolia Development and Reform Commission (DRC) revealed that it has set up a hotline for reporting illegal Bitcoin mining operations taking place in the region. The announcement listed an in-person address, telephone number and email that people can use to report the operations. “The autonomous region’s energy consumption … emergency headquarters office has specially set up a virtual currency ‘mining’ enterprise rep...