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SAI 'Carbon Footprint' Report: Ways of Energy Transformation Under

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Beijing, China–(Newsfile Corp. – July 27, 2021) – In the context of carbon neutrality, energy saving and emission reduction has become a global trend. Due to its high energy consumption, bitcoin mining has long been criticized by outsiders. It is considered to waste energy while having a large negative impact on climate change. The bitcoin mining industry has further decentralized under policy bans in various countries. Countries such as the United States, Canada, and Kazakhstan have become major destinations for miners to migrate to. At the same time, the profits of overseas mining farms that are still in operation have risen substantially. ....

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Hmedium: SAI Carbon Footprint Report: Ways of Energy Transformation Under the New Situation of Bitcoin Mining

Hmedium: SAI Carbon Footprint Report: Ways of Energy Transformation Under the New Situation of Bitcoin Mining
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

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China's bitcoin crackdown comment sparks USDT sell-off on OTC desks

China's bitcoin crackdown comment sparks USDT sell-off on OTC desks
tynmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tynmagazine.com Daily Mail and Mail on Sunday newspapers.

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Goldman Sachs sets up wealth JV with China partner

Joint venture will develop a range of products for domestic investors
Goldman Sachs Asset Management (GSAM) has gained preliminary approval to form a wealth management joint venture with Industrial and Commercial Bank of China (ICBC).
The US firm will have a majority stake (51%) in the JV, with ICBC Wealth Management, a subsidiary of China’s biggest bank, ICBC, owning 49%, according to a statement by GSAM on 25 May.
The joint venture will develop a broad range of asset management products to domestic investors in China over time, including quantitative investment strategies, cross-border products and innovative solutions in alternatives, the US firm said. ....

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Chinese Province Proposes to Blacklist Illegal Bitcoin Miners in the Social Credit System

The Chinese provincial government of Inner Mongolia has issued a proposal to blacklist the national social credit system to everyone who violates new rulings on Bitcoin mining. Following China’s crackdown on crypto mining, the province wants to punish illegal miners with limited access to financial products and even restrictions on foreign travels, reported local media outlet Weixin.
According to the announcement done during the 51st meeting of the Financial Stability Development Committee of the State Council in Inner Mongolia, the blacklist seeks to punish internet providers and internet cafes who also favor illegal Bitcoin mining within the province. The proposal is named “Inner Mongolia Autonomous Region Development and Reform Commission on Resolutely Cracking Down on and Punishment of Virtual Currency.” ....

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