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As Chinese Regime Cracks Down on Big Tech, Big Tech Cracks Down on American People theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
The man shooting the video wears a facemask, rimless glasses and a white hard hat. He is traipsing near the entrance of a warehouse full to the brim with stacks of internet-connected machines sitting idle in half-darkness. As the man turns the camera around to showcase the machines, he says in Mandarin, “This is the stock for you. It hasn’t even started mining bitcoin”. The video, a sales pitch received via text by a cryptocurrency entrepreneur based in Switzerland, is just one of many similar messages that have been flowing out of China over the past two weeks. China has long been the world’s epicentre of bitcoin mining, an energy-guzzling process to secure the cryptocurrency network and mint new bitcoins via specialised machines known as “mining rigs”. According to the University of Cambridge s Centre for Alternative Finance, over 65 per cent of miners working on the bitcoin blockchain were based in China as of April 2021. But Chinese miners are now on tenterhook ....
Victoria Isabel Santiago Yap was born May 23, 1990 in Manila in the Philippines and grew up in Quezon City. She attended Ateneo de Manila University for her first two years of undergrad, then moved to the US, where she earned a BS in Marketing from Santa Clara University in 2013. That summer she attended the Clarion Writers Workshop, and since 2016 she has served as secretary for the Clarion Foundation. She worked in the tech industry in the Bay Area and in London before completing an MBA at Harvard Business School, and is currently a product manager at an early-stage startup. ....