New Digital Currency

Pi is a new digital currency being developed by a group of Stanford PhDs. For a limited time, you can join the beta to earn Pi and help grow the network. To join Pi, follow this link https://minepi.com/GJX111 and use my username (GJX111) as your invitation code.

New digital currency

Pi is a new digital currency being developed by a group of Stanford PhDs. For a limited time, you can join the beta to earn Pi and help grow the network. To join Pi, follow this link https://minepi.com/GJX111 and use my username (GJX111) as your invitation code.

New digital currency

Pi is a new digital currency being developed by a group of Stanford PhDs. For a limited time, you can join the beta to earn Pi and help grow the network. To join Pi, follow this link https://minepi.com/GJX111 and use my username (GJX111) as your invitation code.

Earn-Pi the New Digital Currency

Pi is a new digital currency being developed by a group of Stanford PhDs. For a limited time, you can join the beta to earn Pi and help grow the network. To join Pi, follow this link https://minepi.com/GJX111 and use my username (GJX111) as your invitation code.

New digital currency - Pi

Pi is a new digital currency being developed by a group of Stanford PhDs. For a limited time, you can join the beta to earn Pi and help grow the network. To join Pi, follow this link https://minepi.com/GJX111 and use my username (GJX111) as your invitation code.

CHINA - E.U. summit 'MASSIVE' Succes, IGNORING U.S. Demands

China plans to ban cryptocurrency mining in renewed clampdown

TUE, APR 09, 2019 - 3:57 PM

China signaled its intent to ban cryptocurrency mining, dealing a fresh blow to an industry buffeted by tumbling virtual currency prices, stiff competition and waning investor interest. 

BLOOMBERG

[HONG KONG] China signaled its intent to ban cryptocurrency mining, dealing a fresh blow to an industry buffeted by tumbling virtual currency prices, stiff competition and waning investor interest.

The National Development Reform Commission, the country's powerful economic planner, this week listed crypto-mining among a plethora of industries it intends to eliminate because they "seriously wasted resources" or polluted the environment. The agency is seeking public feedback on the guidelines and indicated that the crypto-mining ban could take effect as soon as they're formally issued. The consultation period ends on May 7.

While China was once home to about 70 per cent of Bitcoin mining and 90 per cent of trades, authorities have waged a nearly two-year campaign to shrink the crypto industry amid concerns over speculative bubbles, fraud and wasteful energy consumption.

After banning initial coin offerings and calling on local exchanges to halt virtual currency trading in 2017, Chinese officials outlined proposals in 2018 to discourage crypto mining - the computing process that makes transactions with virtual currencies possible but consumes vast amounts of power. Beijing was said to have asked local agencies at the time to try and push miners out of business.

The industry, which was initially drawn to China's inexpensive electricity, local chipmaking factories and cheap labour, has begun shifting overseas. Market leader Bitmain Technologies Ltd - which in March allowed its application for a Hong Kong initial public offering to lapse - has established mining operations in the US and Canada. BTC.Top, the third-biggest mining pool, said last year it was opening a facility in Canada.

SEE ALSO: China promises EU companies equal treatment

Taiwan Semiconductor Manufacturing Co and Nvidia Corp are among listed chipmakers that supply crypto miners in China and around the world.

BLOOMBERG

"What China Will Be Like As A Great Power" : Martin Jacques Keynote (32n...