PinnedMotivations and Implications: China’s Crypto Crackdown & the Digital YuanBitcoin miners use specialized supercomputers to verify bitcoin transactions, an energy intensive process that also secures the blockchain. Until recently, Chinese miners controlled over 60% of bitcoin mining, or the “total hash rate.” It is a lucrative new industry for those who can afford the most up-to-date tech, and as…China6 min readChina6 min read
Jun 29, 2021China’s Bitcoin mining ban presents historic opportunity for U.S., Canada, and Bitcoin itself.Bitcoin mining is the energy-intensive process that maintains and secures the Bitcoin Blockchain. Individual miners compete with each other, using specialized computers to verify transactions. They are rewarded with fresh bitcoins from the fixed supply of 21 million. The Chinese Communist Party (CCP) has long been wary of Bitcoin and…Bitcoin7 min readBitcoin7 min read
Jan 27, 2021The Game Stock Short Squeeze is a Perfect Storm of Populist Outrage, and Hedge Funds Chained Themselves to an Anchor.If you’re confused about why everyone’s talking about Game Stop stock, or about the basic mechanics of short-selling and short-squeezes, allow me to catch you up: At hedge funds, short-selling (or shorting) the stocks of companies deemed to be weak investments is a regular practice. You may understand it as…Gamestop5 min readGamestop5 min read
