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Wednesday

28 July 2021

Shanghai Man: China retains mining control? Alipay's ancient NFTs and Amber’s big raise

Shanghai Man: China retains mining control? Alipay's ancient NFTs and Amber’s big raise


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Canaan, one of the largest mining companies in China, announced it was setting up shop in neighboring Kazakhstan.

Reading between the lines, it seems like the plan is to mostly continue administration of the company from China while sending the machines overseas.

On June 21, CNBC’s Beijing Bureau Chief Eunice Yoon posted on Twitter that a logistics company in Guangzhou was shipping 3,000 kilograms worth of mining hardware to Maryland, US.

Cointelegraph reported on June 23 that massive mining company Bitmain was suspending sales of mining hardware in a move to support the over-supplied secondhand markets.

Francis Suarez, everyone’s favorite Bitcoin-friendly mayor, was at it again on June 18 when he announced that all Chinese Bitcoin miners were welcome in Miami.

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