Asia Edition: Mining, a Crypto Yuan and the Two Main Reasons the Chinese Are Interested in Crypto - Ep.102
In this wide-ranging episode, Eric Meltzer and Dovey Wan of Primitive Ventures describe how Asia is weathering the crypto downturn: how have the low prices affected miners, how has this affected Bitmain's prospects for an IPO and how, despite a ban on crypto exchanges, Chinese crypto users have been trading. We also discuss more broadly how crypto projects and startups differ between China and the U.S., how crypto is upending Silicon Valley's dominance, and how differences in regulation are affecting entrepreneurship in the space. Plus, Eric and Dovey address whether or not the surveillance state is motivating Chinese interest in crypto.
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Tokensoft: https://www.tokensoft.io
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Episode links:
Primitive Ventures: http://primitive.ventures
Eric Meltzer: https://twitter.com/wheatpond
Dovey Wan: https://twitter.com/DoveyWan
Binance was more profitable than Deutsche Bank in quarter 1 of 2018: https://www.ccn.com/binance-surpassed-germanys-biggest-bank-deutsche-in-profitability/
Bitmain and Huobi layoffs: https://www.scmp.com/tech/blockchain/article/2179513/chinas-cryptocurrency-giants-bitmain-and-huobi-plan-lay-offs-amid
Hong Kong regulators reluctant to allow crypto firms to IPO:
Report that China wants an "orderly exit" from crypto mining: https://qz.com/1174091/china-wants-an-orderly-exit-from-bitcoin-mining/
Chinese op-ed on why the People’s Bank of China should consider a yuan-pegged cryptocurrency: https://www.coindesk.com/pboc-op-ed-pushes-use-case-for-yuan-pegged-crypto-stablecoins
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