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.
Uzbek media outlet Spot has compiled a list of Uzbekistan's domestic banks in terms of their profitability following the release of 3Q results. Its analysis showed that almost all of the financial ... more
Tarfin, a digital platform that provides Turkish farmers with inputs and credits, has sold Turkish lira (TRY) 50mn ... more
European peer-to-peer lending platform Robo.cash has said that its Kazakhstan originator saw loan volumes grow 29% q/q in the third quarter of 2021, Peer2Peer Finance News ... more