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.
Uzbekistan's central bank on April 25 kept its benchmark interest rate on hold at 14%, pointing to risks that inflation could once more accelerate. Planned hikes of state-regulated prices for ... more
The Bulgarian-American Credit Bank said on April 16 it has agreed to acquire 99.94% of local Tokuda Bank from Japan-based Tokushukai Incorporated. The two banks are among the smallest in Bulgaria ... more
The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more