Daily Crunch: China considers Bitcoin mining ban

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Daily Crunch: China considers Bitcoin mining ban

Anthony Ha

@anthonyha
/
2 months

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.
1. Regulators in China are weighing a ban on Bitcoin mining
Cryptocurrency mining has become the latest target for the Chinese government seeking to phase out industries considered to be a drag on the country’s economy.
The National Development and Reform Commission, the top economic planning agency in the world’s largest market for bitcoin mining, released a list of sectors it plans to promote, restrict or eliminate. Crypto mining, the process of creating Bitcoin and other digital currencies through the use of computing power, was namechecked.
2. To cut down on spam, Twitter cuts the number of accounts you can follow per day
The idea with the new limit is that it helps prevent spammers from rapidly growing their networks by following then unfollowing Twitter accounts in a “bulk, aggressive or indiscriminate manner” — something that’s a violation of the Twitter Rules.
3. Apple could release a 31.6-inch 6K external display this year
Analyst Ming-Chi Kuo has released a new report about future Apple products.
(From left to right) David Liu, Chief Product Officer; Bernie Xiong, Chief Technology Officer and Co-Founder; Anita Ngai, Chief Revenue Officer; Eric Gnock Fah, Chief Operating Officer and Co-Founder; Ethan Lin, Chief Executive Officer and Co-Founder (PRNewsfoto/Klook)
4. Travel activities platform Klook raises $225M led by SoftBank’s Vision Fund
Klook was founded in 2014 and it serves as an activities platform for users who travel overseas. That covers areas like visits to adventure parks, scuba diving, more localized tours or basics — all of which can be found and paid for using Klook’s platform.
5. UK sets out safety-focused plan to regulate internet firms
The government is now proposing a mandatory duty for platforms to take reasonable steps to protect their users from a range of harms — including but not limited to illegal material such as terrorist and child sexual exploitation and abuse.
6. Don’t worry, RED’s $1,595 titanium Hydrogen One is finally shipping
Fear not, the Titanium version of RED’s wholly ridiculous Hydrogen One is finally here. And yes, it costs as much as you remember.
7. Dote raises $12M and introduces live-streamed Shopping Parties
Shopping Party allows influencers to share live video while browsing different products on Dote and chatting with fans.

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