🇨🇳 China wants to create a system for tracking crypto transactions
As part of strengthening regulation of digital assets, China wants to create a tracking system for cryptocurrency transfers. Such a proposal was made by the director of the Center for Monitoring and Analysis of Combating Money Laundering of the People's Bank of China, Gou Wenjun.
Cryptocurrency miners in Kazakhstan are facing widespread electricity shortages amid a surge in mining, as reported by the Financial Times. Kazakhstan has been grappling with an overloaded energy grid as miners flock in from China, which cracked down on crypto earlier this year and banned crypto-based transactions in September.
Ethereum could be a better bet for investors than bitcoin, according to US banking giant JPMorgan Chase.
The world’s second most valuable cryptocurrency has risen in price by more than 500 per cent in 2021, compared to a 96 per cent rise for BTC, and now has a market cap roughly half that of bitcoin’s.
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