Tag Archives: China

Alibaba Group – a Chinese technology company specializing in e-commerce – announced that Joseph Tsai will replace Daniel Zhang as the entity’s new Chairman.  The Taiwanese-Canadian billionaire businessman is known as an advocate of the cryptocurrency industry, and his name has been involved with several digital asset projects. Recent sources revealed that Blue Pool Capital – an organization that manages the personal wealth of Tsai – participated in two of the funding rounds...

The ongoing regulatory enforcement actions are threatening to drive US crypto businesses offshore. The implications of such a shift for the country’s economy are significant, something that has translated into declining crypto prices, making investors even more jittery. While the market’s concerns regarding the potential removal of the US retail investor from the crypto capital markets are palpable, Arthur Hayes believes the fear is misplaced. Elimination of US Retail...

Coinbase CEO believes China might be looking to directly displace the US dollar from its role in global commerce. Coinbase CEO Brian Armstrong has recently shared his thoughts on cryptocurrencies and the approach of the United States toward the special asset class. He admits that recent happenings around the world of cryptocurrency have made it necessary for policymakers to be more hostile toward crypto. However, he also says that America should not lose sight of the fact that crypto may...

China seems to be opening up to some parts of the industry. Despite its hard stance on trading and owning cryptocurrencies like Bitcoin and Ethereum, the country is pushing for the development of Web3. During the parallel forum of the 2023 Zhongguancun Forum called Web3: Future Internet Industry Development, the Beijing Municipal Science and Technology Commission, alongside the Zhongguancun Science and Technology Park Management Committee, released a joint paper called...

Bergbauaktivitäten auf Asteroiden, ist ein aufstrebendes Feld, das zunehmend an Bedeutung gewinnt. Die Idee, wertvolle Rohstoffe wie Gold aus dem Weltall zu gewinnen, klingt vielleicht wie Science-Fiction, aber sie rückt immer näher in greifbare Nähe. Asteroiden sind Himmelskörper, die hauptsächlich aus Gestein und Metallen bestehen. Viele von ihnen enthalten eine Vielzahl von wertvollen Materialien, darunter Platin, Nickel, Kobalt und sogar Edelmetalle wie Gold. Einige Schätzungen gehen...

Ever since September 2021, China has banned cryptocurrency transactions and heavily curtailed crypto mining operations. However, the ban has turned out to be, in practice, more of a general guideline. Since its implementation, Chinese policymakers have discussed crypto taxation. Furthermore, a court case from 2022 clarified that although locals are not allowed to use crypto as a currency, they can still own them – as an investment asset. As an asset, it can be taxed – leading...

Texas became a serious crypto mining hub about two years ago, and it looks like things are set to stay this way for some time. Despite a wide array of headwinds and problems the industry has been facing, Texas crypto mining has remained quite steady, and the Lone Star State is still being sought out by new companies and facilities. Texas Is Still the High-Ranking Crypto Mining Official Texas became a serious region for crypto mining beginning in the summer of 2021. The...

Bitcoin shot up again in early March, and investors have been given another hopeful boost. Bitcoin Hikes Its Price Up a Bit in Early March The currency experienced a bit of dip towards the end of February. The world’s number one digital asset by market cap had shot up to a six-month high of about $25,000 per unit during the midway point of the month, though just a few weeks later, the asset had fallen to about $23,000, roughly $2,000 less than where it had been shortly...

The financial watchdogs of Hong Kong will reportedly host a meeting between domestic cryptocurrency businesses and bankers. The initiative could ease financing for the industry as the region seeks to emerge as a global digital asset hub. Crypto firms based in Hong Kong have supposedly received support from leading Chinese banks in the past several weeks, although the authorities of the most populated country are predominantly against the asset class. Another Step Towards the...

The subsidiaries of some of the largest Chinese banking institutions, including the Bank of Communications, the Bank of China, and Shanghai Pudong Development Bank, have reportedly either started offering their services to cryptocurrency businesses based in Hong Kong or reached out to them. The special administrative region has recently emerged as a digital asset hub, attracting numerous industry players to settle in the area. One example is the crypto exchange Huobi Global...