America is the big winner of China’s crypto crackdown

America is the big winner of China’s crypto crackdown

Oct 22nd 2021CHINA WAS once king of the crypto mines. In September 2019 it accounted for three-quarters of the world’s bitcoin mining activity. Rural provinces were dotted with bitcoin mines that specialised in solving cryptographic puzzles in order to validate transactions made with the cryptocurrency. But in May 2021 the Chinese government, sensing a threat … Read more

Crypto exchanges try self-regulation; Flipkart’s big restructuring at Cleartrip

Crypto exchanges try self-regulation; Flipkart's big restructuring at Cleartrip

India’s fast growing crypto industry, which has already caught the fancy of the country’s youth, has begun self-regulation. Crypto exchanges have started blocking suspicious trading accounts as an increasing number of Indians bet on cryptocurrencies amid uncertainty around regulations. Also in this letterFlipkart names Myntra executive as Cleartrip CEOSpiritual wellness, astrology apps gain ground amid … Read more