Category: Asia

China’s escalated crypto mining crackdown sparks a new round of cat and mouse play

China’s escalated crypto mining crackdown sparks a new round of cat and mouse play

Quick Take Chinese authorities have developed sophisticated methods of cracking down on smaller, more discreet mining operations.  These smaller scale miners still have ways of evading detection, including striking deals with existing industrial factories, but the net is closing in.  This feature story is available to subscribers of The Block Daily. You can continue reading […]

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The industry response to China’s latest crypto crackdown suggests it’s the most serious yet

The industry response to China’s latest crypto crackdown suggests it’s the most serious yet

Quick Take Last Friday, China’s government introduced new policies aimed at stamping out crypto trading and mining. The swift, drastic responses by companies in China over the past several days suggest the latest crackdown is the most severe one yet.  This feature story is available to subscribers of The Block Daily. You can continue reading […]

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Fourth-largest Ethereum mining pool BeePool is shutting down

Fourth-largest Ethereum mining pool BeePool is shutting down

China-based Ethereum mining pool BeePool, currently the fourth-largest in terms of hashrate, announced Tuesday that it is shutting down on October 15. The move is in “response to the latest regulatory policies,” said BeePool. Last week, China’s central bank tightened its policy on crypto, declaring all crypto-related activities illegal. BeePool was founded four years ago […]

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Fidelity Digital finds 90% of surveyed investors find digital assets appealing

Fidelity Digital finds 90% of surveyed investors find digital assets appealing

Fidelity Digital Assets, the crypto-focused wing of global asset manager Fidelity, has published the results of a survey that interviewed 1,100 investors across the globe.  The study surveyed 408 American, 299 Asian, 393 European investors on their investment behavior and view of digital assets such as cryptocurrency. Of the survey participants, 312 were financial advisors […]

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Huobi Ventures, Chainsmokers back new $25 million fund investing in the metaverse

Huobi Ventures, Chainsmokers back new $25 million fund investing in the metaverse

Count this as a sign that the metaverse is gaining traction among the institutional investor community.  OP Crypto Capital Management — a $25 million fund focused on the nascent corner of the crypto market — emerged from stealth Monday, announcing in a press release backing from Huobi Ventures, Galaxy Digital, Digital Currency Group, Asian investment […]

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Philippine Stock Exchange wants to provide crypto trading when regulators approve it

Philippine Stock Exchange wants to provide crypto trading when regulators approve it

The Philippine Stock Exchange (PSE), the national stock exchange of the Philippines, wants to provide crypto trading when regulators give the green light for it. PSE president and CEO Ramon Monzon told CNN Philippines on Friday that the exchange would be an ideal platform for crypto trading because it has both the trading infrastructure and […]

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Why Kazakhstan has become a top destination for Chinese bitcoin miners in search of a new home

Why Kazakhstan has become a top destination for Chinese bitcoin miners in search of a new home

Quick Take Kazakhstan’s vicinity to China, its energy surplus, and its openness to the mining industry have made it a top destination for miners moving out of China. But the journey to the old Silk Road may not be any easier than migrating across the Pacific. This feature story is available to subscribers of The […]

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