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Breaking News | Chinese Local Government Mulls Crackdown On Bitcoin Mining


Inside a Bitcoin mining factory Photo: AFP
Officials in Southwest China’s Sichuan Province, a major base for cryptocurrency mining, are apparently mulling more actions against mining operations of Bitcoin and other cryptocurrencies, as they were scheduled to convene a meeting on Wednesday to solicit suggestions from industry players.
The latest efforts by Sichuan local officials come as local governments across the country are ramping up crackdown on cryptocurrency mining, as part of a swift nationwide campaign. 
The campaign raised questions and concerns over whether Bitcoin mines will vanish entirely from China, which at the peak accounted for 70-80 percent of the world’s Bitcoin computing power. ....

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The 'Greening' Of Bitcoin: Will China's Forced Mining Exodus Crush Anti-ESG Case?


by Tyler Durden
China s crackdown on crypto may have
a silver lining after all.
While Beijing s bitcoin battering efforts - for myriad reasons including a lack of centralized control (translation: use our CBDC or else), a pathway for capital outflows (translation: use our CBDC or else), and the latest somewhat humorous crypto does not meet China s carbon goals - have, along with Elon s tweets, tamped down enthusiasm for the cryptocurrency; the perhaps unintended consequence of the actions of Musk (reversing his advocate position by highlighting the anti-ESG case) and China s regulatory crackdown (again) will be the greening of crypto and inevitably enabling more progressive asset allocators to move reserves its way. ....

Digital Renaissance Foundation , Global Times , டிஜிட்டல் மறுமலர்ச்சி அடித்தளம் , உலகளாவிய முறை ,

NFTs are Catching on in China, but Regulations May Stand in the Way of Large-Scale Adoption


Image: The Fabricant
Non-fungible token mania has continued to gain steam in the U.S., as brands like Gucci have rolled out digital-only sneakers and artists like Beeple have set records by way of multi-million dollar auctioned-off artworks. All the while, the NFT craze – which sees blockchain-based tokens paired with often entirely digital assets, such as animations and online-only dresses – is starting to spread to China’s sweeping art market, the third largest in the world, according to a 2020 joint report from Art Basel and UBS, as digital art – including NFTs – is enjoying “an upsurge in Beijing,” according to the Financial Times.  ....

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