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Clarification Regarding Central Global Bhd s MoU with China s Huobi Mall for the Development of a Global Data Centre in Malaysia
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Clarification Regarding Central Global Bhd s MoU with China s Huobi Mall
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Elon Musk, known in some circles as the “Fed” of the crypto world, has helped bitcoin recover some of its losses by tweeting that he held talks with bitcoin miners on improving the sustainability of the digital coin.
The bellwether cryptocurrency is trading 3% higher today, just below $38,000, adding to a 12% gain overnight after Musk’s tweet on Tuesday, where he said: “Spoke with North American bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW [worldwide] to do so. Potentially promising.”
Last week, Tesla’s chief executive sprung a nasty surprise on bitcoin hodlers when he said his company Tesla will no longer accept bitcoin as a form of payment, a decision he claims was prompted by environmental concerns of the cryptocurrency’s high energy usage. The decision had stunned the crypto world as Musk gave bitcoin a mega endorsement back in February when he announced tha
The Chinese provincial government of Inner Mongolia has issued a proposal to blacklist the national social credit system to everyone who violates new rulings on Bitcoin mining. Following China’s crackdown on crypto mining, the province wants to punish illegal miners with limited access to financial products and even restrictions on foreign travels, reported local media outlet Weixin.
According to the announcement done during the 51st meeting of the Financial Stability Development Committee of the State Council in Inner Mongolia, the blacklist seeks to punish internet providers and internet cafes who also favor illegal Bitcoin mining within the province. The proposal is named “Inner Mongolia Autonomous Region Development and Reform Commission on Resolutely Cracking Down on and Punishment of Virtual Currency.”
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