Crypto miner ships China-based rigs abroad in deal with U.S. fossil fuels firm
Optimum Mining Host-Black Rock Petroleum plan comes as Canaan seeks greener operations through Czech partnership.
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EU to ban anonymous crypto asset wallets in AML/CFT push
The European Commission intends to tighten anti-money laundering and counter-financing of terrorism rules by banning anonymous crypto asset wallets as it seeks to align European Union law with Financial Action Task Force standards, according to legislative proposals presented yesterday. Fast facts A key change is a proposed amendment to the 2015 EU regulation on transfers…
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Robinhood seeks market valuation of US$35B in upcoming IPO
Fee-free trading app Robinhood is seeking a market valuation of US$35 billion in its upcoming initial public offering, according to a filing to the U.S. Securities and Exchange Commission. Although the amount is significant, it is lower than the US$40 billion initially estimated, due in part to slow crypto trading in recent months. Fast facts…
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China Mobile discloses virtual currency system patent, joins e-CNY team
China’s largest telecommunications company, China Mobile, has disclosed a patent on a virtual currency management system that can prevent the theft of hot-wallet keys. Fast facts The system achieves theft-prevention by separating the hot-wallet server interacting directly with a public data server via a system wallet server. The patent disclosure shows that China Mobile filed…
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Bank of Canada makes case for CBDCs
The Bank of Canada has presented a positive case for issuing a central bank digital currency, saying it could be an effective competition policy tool and necessary to support innovation in the digital economy, as outlined in a recent report. Fast facts Current problems in Canada’s economy related to competition and wealth distribution were likely…
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FTX crypto derivatives exchange closes record $900M Series B with $18B valuation
Fast-growing FTX just pulled off the largest-ever fundraise for a crypto exchange to date. Will heightened regulatory scrutiny lie in its near future?
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Clean-energy crypto mining ETF launches to put an ‘E’ in Bitcoin
As Bitcoin’s carbon footprint continues to make ESG investors uneasy, a new clean-energy crypto mining ETF aims to allay their environmental concerns.
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Chinese e-commerce giant Taobao sells NFTs at annual shopping festival
Demand for non-fungible tokens appears insatiable as industry distances itself from crypto sector to avoid crackdown.
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Russia looks to tap demand for power as crypto miners flood out of China
Plentiful electricity, cold climate are among drawcards as Chinese mine operators flee crackdown at home.
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U.S. senators ask athletes to boycott digital yuan at Beijing Winter Olympics
Privacy concerns prompt call for Americans to avoid e-CNY as lawmakers point to use of WeChat app to ‘surveil, threaten and arrest Chinese citizens.’