Bitcoin hash rate rebounds as major miners are coming back online
Restrictions in China have forced homegrown Bitcoin miners to move out to crypto-friendly nations such as Canada, Kazakhstan and the United States.
China
EU entrusts $30M to new blockchain and digital assets fund
The European Investment Fund invested $30 million in a new $120 million blockchain and digital assets fund, highlighting the sector’s “strategic importance” for the EU.
Huobi winds down former exchange operator in China
Huobi’s move follows a similar decision by crypto exchange OKEx, which resolved to dissolve its China-based entity in late June.
China’s crackdown signals an oncoming crypto ban, Bobby Lee says
China has been increasing its regulatory pressure on crypto firms to help Chinese citizens stay clear of high-risk investments.
China wants US senators to ‘stop making trouble’ out of digital yuan
China’s Foreign Ministry responded to U.S. senators’ claim regarding the digital yuan’s function as a tracking and tracing tool during the 2022 Beijing Winter Games.
Bitcoin mining difficulty drops for fourth time in a row
Bitcoin mining difficulty has posted another negative adjustment on Sunday, with the difficulty rate almost halving since mid-May.
Fed and Yale researchers lay out 2 regulatory frameworks for stablecoins
Yale Professor Gary B. Gorton and Jeffery Zhang of the Board of Governors of the Federal Reserve System have co-authored a 49-page paper called, “Taming Wildcat Stablecoins.”
On the fence: If this is a crypto bear market, how long can it last?
Is a bullish reversal incoming, or is crypto starting a bear market? It’s not clear where the markets will go, so let’s weigh the facts.
China’s central bank says crypto gave impetus to the creation of its CBDC
A working paper released in English by the People’s Bank of China cites cryptocurrencies as an important context for the digital yuan’s development and reveals that the digital currency will use smart contracts to allow for programmability.
China’s Bitcoin hash power fell before the crackdown: Cambridge data
Cambridge research shows that China’s Bitcoin mining power fell by 40% before the crackdown, while the United States’ hash power has quadrupled.
