China mined two-thirds of the world’s bitcoins in 2020; in other words, until last year, Chinese bitcoin mining accounted for around 65 percent of global mining.
Tagged By business
Brazilian Cases of BSE Halt Beef Exports To China
Brazil has suspended beef exports to China after confirming two cases of “atypical” bovine spongiform encephalopathy (BSE) in two separate domestic meat plants, the agriculture ministry said on …
Feature: Nepali traders import goods from China earlier for festival season over fear of COVID-related disruption
In Nepal, traders are making orders earlier than usual for the October festival season amid concerns that the raging COVID-19 pandemic may once again impede the clearance and delivery of goods …
Beijing Stock Exchange promotes long-term development of real economy
The importance of launching a new stock exchange in Beijing lies in the fact that the long-term growth and prosperity of China can only be guaranteed through the safeguarding of the strategic role of …
China’s Latest Crackdown Targets Its Entertainment Industry. What Investors Need to Know.
Celebrity fan groups and online gaming are the latest sectors in Chinese authorities’ crosshairs. Tech and education companies also have been ordered to “rectify” various alleged misconduct.
A project in El Salvador shows how China is exerting growing power in America’s backyard
China is making its influence felt in Latin America and the Caribbean in a way officials say is harmful to the U.S. and via methods the U.S. can’t employ.
Beijing’s Big Tech crackdown kills dreams of quick wealth among China’s ambitious young workers
When software engineer Bruce Wang quit his job at food delivery giant Meituan last year, he gave himself two options: become a bitcoin investor or join a private tutoring company. Both were promising …
China’s crackdown on China’s business, media and entertainment is packaged as a ‘profound revolution’
China started a heavy-handed clampdown on the private corporate sector from Big Tech companies to property developers near the end of 2020. The crackdown then extended to education, culture and …
Lawyers Gear Up For Packed IPO Pipeline As Autumn Nears
The autumn pipeline for initial public offerings is shaping up to be robust, supported by dozens of new filings in August that are setting the stage for strong post-Labor Day activity and extending a …
World praises China’s further opening-up
China’s new pledges to open the country’s services sector wider and enhance global cooperation to advance the economic recovery have been widely hailed. Speaking via video link at the 2021 China …
Audi in China – new standards for the market
As a premium manufacturer in China, Audi is setting completely new standards with the two partners SAIC and FAW: on the one hand, local development activities are being strengthened, and on the other, …
Following A$90M IPO, Trajan doubles share price as it executes global strategy
On the heels of a A$90 million (US$67.12 million) initial public offering on the Australian Securities Exchange, device company Trajan Group Holdings Ltd. has doubled its share price and is well …
How Blockchain Can Transform the Financial Services Industry
Blockchain accomplishes this through advanced cryptography that is designed to be resistant to hacking, adding trust to the transaction ecosystem. There are many financial uses provided by blockchain, …