China News Official Today TheBitTimes.com

Author: Web3 Characters Original link: https://mp.weixin.qq.com/s/lKmEqyA9LUl3MHt1vk0DPw Can you briefly introduce yourself? Hello, I am Hong Shuning, the author of China’s first Bitcoin research paper. I graduated from the Department of Computer Science at Tsinghua University and have worked for a long time at the Nanjing branch of the People’s Bank of China. In recent years, I have served as the Deputy Director of the Fintech Research Center of Suning Financial Research Institute, Dean of the Shanghai Jin Qiu Blockchain Research Institute, and a senior blockchain expert at CCB Fintech. Can you share how you entered the cryptocurrency circle? In 1992, after graduating from the Department of Computer Science at Tsinghua University, I have always worked in the IT and finance fields. I worked for the Nanjing branch of the People’s Bank of China for a full 20 years, during which I was involved in various fields, including payment clearing and credit management. In 2011, when I was working...

1. Guizhou Provincial Development and Reform Commission issued on June 20 "Provincial Development and Reform Commission on virtual currency "mining" electricity price difference policy notice (Qian Development and Reform Price [2022] No. 462)": virtual currency "mining" project into the scope of the implementation of the price difference policy, the implementation of the "elimination" enterprise tariff, such projects increase the price standard to 2 yuan per kilowatt hour. 2. Bitfarms adjusted its HODL strategy to improve liquidity and strengthen its balance sheet. Over the past week, Bitfarms has sold a total of 3,000 BTC for approximately US$62 million and closed on its previously announced US$37 million in new equipment financing with NYDIG. As of June 20, 2022, Bitfarms held cash of US$42 million and 3,349 BTC valued at approximately US$67 million at a BTC price of US$20,000. Read more 3. Iris Energy's June 21 filing with the SEC shows a...

1. The government of Iran has started issuing licenses to crypto miners under the new “comprehensive and detailed” regulatory framework approved last week. The authorities previously issued licenses to a number of crypto mining operations but halted the process due to power consumption and illegal mining issues. Reza Fatemi Amin, Iran’s minister of Industry, Mine, and Trade, said a pair of licenses are needed before an entity can start mining cryptocurrencies in Iran: an establishment license and an operating license. The former establishes the entity as a legal crypto miner while the latter allows it to actually start crypto mining.（News Bitcoin） Read more 2. Poolin mining pool : As you may have known, Poolin Wallet is currently facing some liquidity problems due to recent increasing demands on withdrawals. But please be assured, all user assets are safe and the company's net worth is positive. Though Poolin mining pool services are not much affected, to serve the goal of stabi...

1. The data shows that bitcoin miners earned $755.4 million in March, up about 20% from $613.5 million in February. Most of this was in block rewards. Transaction fee revenue was $23.47 million for March. Bitcoin mining revenues fell to approximately $470 million in November and December 2022, after trending upwards in recent months.（The Block） Read more 2. Miner Marathon announced that it mined 2,195 bitcoins in the first quarter, the highest quarter in the company’s history; currently holds $124.9 million in cash and 11,466 bitcoins; Marathon sold 750 BTC in March and intends to sell some of its bitcoin holdings in the coming period to support monthly operations. 3. Riot has announced that it produced 695 BTC in March and holds approximately 7,072 BTC as of March 31, 2023; Riot sold 675 bitcoins in March, generating net proceeds of approximately $16.7 million. Riot is currently running 94,176 miners and expects to achieve a total self-mining of 12.5 EH/s in the second half of 2023 ha...

Author: @0xMavWisdom SSV.Network DAO recently launched a $50 million ecosystem fund to support the development of applications based on Distributed Validator Technology(DVT). The technology is a key component of Ethereum co-founder Vitalik Buterin’s roadmap for decentralising Ethereum, and SSV.Network hopes to use the funding to further consolidate the DVT as the key Ethereum infrastructure. SSV.Network is a fully decentralised open source Ethereum stake protocol developed with the participation of Obol, a secret shared verifier network for Ethereum, and Blox, an unmanaged Ethereum 2.0 stake protocol. SSV enables a secure and robust method of splitting verifier keys between untrusted nodes or operators in a secure manner while maintaining distributed control and activity of Ethernet verifiers for ETH s taking . SSV.Network is currently in beta phase. The recently released Shifu V2 version of SSV.Network will allow upgraded nodes to formally participate in all responsibilities used in t...

This article is a summary of OKX Space, with excerpts from the editor. DCG has invested in the following major businesses: 1. Grayscale, the world’s largest bitcoin fund and the institution holding the most bitcoins. 2, Genesis, it is the world’s largest crypto lending service, its main business is also lending, but its lending is not our traditional sense of bank borrowing or credit card borrowing, its mainly through the complex collateral to provide users with token lending services. 3. Foundry, the world’s largest bitcoin mining pool. 4. CoinDesk, the world’s largest cryptocurrency media. This shows that DCG is indeed one of the largest cryptocurrency groups in the world. Back to why Genesis is in such big trouble, the logic is also very simple, the root cause is because it lent too much money to Three Arrows Capital and it has been having some unclear connections with Three Arrows Capital . Genesis lent a whopping $2.36 billion to Three Arrows Capital, with losses reaching $1.2 bil...