Cambridge University research published on July 15 by the Cambridge Centre for Alternative Finance showed that China’s share of global bitcoin mining plunged to 46%, down from 75.5% in September 2019.
This boosted Kazakhstan to third largest player in the bitcoin mining industry amid multiple firms fleeing to Kazakhstan from the Chinese government’s crackdowns on cryptocurrency mining.
Kazakhstan saw a nearly sixfold increase in its share of global bitcoin mining in the same period, rising to 8.2% from 1.4%, while the US rose to 16.8% from 4.1% to take the second top spot. Russia and Iran stood as the fourth- and fifth-largest bitcoin mining countries, respectively.
The Eurasian Development Bank (EDB) has received a first-time long-term credit rating of 'Ag' from Hong Kong-based China Chengxin Credit Ratings Company (CCXAP), with a stable ... more
Addiko Bank's management board has withdrawn its recommendation that shareholders accept Raiffeisen Bank International's (RBI) takeover offer after Slovenia's Nova Ljubljanska Banka (NLB) raised its ... more
S&P Global Ratings has upgraded the credit ratings of several subsidiaries of Nasdaq-listed Freedom Holding, raising ratings on Freedom Finance, Freedom Finance Europe, Freedom Finance Global and ... more