Wednesday, July 14, 2021

China's crackdown on crypto mining has led miners on a hunt for cheap sources of power for their operations, with many turning to nearby Kazakhstan (Bloomberg)

Bloomberg:
China's crackdown on crypto mining has led miners on a hunt for cheap sources of power for their operations, with many turning to nearby Kazakhstan  —  A crypto crackdown sent them in search of cheaper, greener power sources  —  One weekend in late June, hundreds of gloomy Bitcoin miners crowded into a luxury hotel in Western China.



Twitch says it is "closely monitoring gambling content", after a review finds some top streamers promote crypto gambling sites, potentially violating local laws (Cecilia D'Anastasio/Wired)

Cecilia D'Anastasio / Wired:
Twitch says it is “closely monitoring gambling content”, after a review finds some top streamers promote crypto gambling sites, potentially violating local laws  —  The company says it is “closely monitoring gambling content,” but legal experts told WIRED that some promotions may be illegal.



Facebook employees detail a clash over CrowdTangle, a tool that showed high engagement with right-wing media, which was moved under the Integrity team in April (Kevin Roose/New York Times)

Kevin Roose / New York Times:
Facebook employees detail a clash over CrowdTangle, a tool that showed high engagement with right-wing media, which was moved under the Integrity team in April  —  Executives at the social network have clashed over CrowdTangle, a Facebook-owned data tool that revealed users' high engagement levels with right-wing media sources.



Railsbank, which develops APIs for banking, credit products and payment cards, raises $70M led by Anthos Capital; CEO says the company is "near unicorn" status (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch:
Railsbank, which develops APIs for banking, credit products and payment cards, raises $70M led by Anthos Capital; CEO says the company is “near unicorn” status  —  Financial services-as-a-service — where entities like neobanks, retailers and others can create and sell …



Anhui becomes latest Chinese province to root out cryptocurrency mining

Anhui will shut down all cryptomining projects in a cleanup aimed at reducing power consumption, as the province faces a "grave" supply shortage of electricity, according a news portal operated by state-owned Hefei Media Group. https://ift.tt/3kdTWVq

As crackdown looms, South Korea's defiant crypto fans dig in

Like many South Korean retail investors, Yun has thousands of won in smaller cryptocurrencies, seen as alternatives to bitcoin, which have plummeted in value as regulators crack down on the sector. https://ift.tt/3ehCRGt

Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in data center financing decisions (Bloomberg)

Bloomberg : Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in ...