China's Bitcoin Mining Dominance Was Slipping Before the Crackdown Started

China’s Bitcoin Mining Dominance Was Slipping Before the Crackdown Started

The Cambridge Centre for Alternative Finance (CCAF) today revealed that China’s dominance over global Bitcoin mining was slipping before most of the country’s provinces had even started to shut down mining operations earlier this year. CCAF said a major update to the Cambridge Bitcoin Electricity Consumption Index (CBECI) suggests “that China’s share of global hashrate…

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TSMC Has Big Plans for Small Chips

On Thursday Taiwan Semiconductor Manufacturing. Co talked about some of its expansion plans outside of Taiwan. The company said that it had started preparations to build a fab in Japan and outlined plans to expand its production capacity in China. The company also announced that its fab in Arizona would start mass production of chips…

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Co-Creator of Dogecoin Slams Cryptocurrencies

Jackson Palmer, the co-creator of the Dogecoin cryptocurrency, has released a series of Tweets that heavily criticize cryptocurrencies. Originally envisioned as a way to create a currency that does not depend on any state or a particular issuer, cryptocurrencies have quickly become powerful investment tools controlled by a cartel of wealthy capitalists, he said.  Dogecoin…