While the mining machines are a new business line for ZJBC, it is not the AI and cloud communications-focused company's first foray into the cryptocurrency mining business. It noted that one of its subsidiaries, Changshi Telecommunication, has been building and maintaining blockchain mining farms since 2018.
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Markets Report: Bitcoin sees $6K drop as Grayscale CEO eyes ‘buying opportunity’
Concerns that India will enact a full cryptocurrency ban are once again back in the spotlight after a report in mainstream media
Bitcoin is trailing as it starts a new week thanks to fresh worries over a blanket ban by India—is that it for the bull run? After hitting new all-time highs of almost $62,000 over the weekend, Indian lawmakers have burst Bitcoin’s bubble, sparking the biggest daily losses in history.
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WisdomTree joins Bitcoin ETF race
The exchange-traded fund provider is the fifth firm this year to file for U.S. Securities and Exchange Commission permission to launch a Bitcoin ETF
WisdomTree has joined a competitive race to be the first United States company to launch such a product on the local market. Other contenders include VanEck, which filed on Dec. 30, Valkyrie on Jan. 22, and Bitwise Asset Management and New York Digital Investment Group (NYDIG) in February. Recent rumors say investment bank giant Goldman Sachs could soon join them.
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Obama Treasury official Michael Barr will not be Comptroller of the Currency (Photo: University of Michigan)Ripple advisor’s crypto connections kill appointment as banking regulator
Former Ripple Advisory Board member Michael Barr was too moderate and pro-crypto for progressives who blocked his nomination as Comptroller of the Currency
Barr was seen as part of a trio of crypto-friendly financial regulators nominated or under consideration by the administration of President Joe Biden. Former MIT digital asset and blockchain professor Gary Gensler is in the process of being confirmed as chairman of the Securities and Exchange Commission (SEC), while DC Fintech Week conference head Chris Brummer is said the be the choice to lead the Commodity Futures Trading Commission (CFTC).
