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China may have massive underground bitcoin mining operations despite ban last year, Cambridge data shows
China accounted for roughly a fifth of the bitcoin network’s hash rate at the end of 2021, after data showed it dropped to zero in July. Data from the Cambridge Bitcoin Electricity Consumption Index suggests miners covered their tracks with overseas proxies until they deemed it safe.
The squid ring supplier which got the wrong sort of ink spread about it is threatening to sue the two social media posters who claimed their rings were made of pork rectum.
Autonomous driving tech causes alarm in China following fatal NIO car accident, but experts say training mitigates risks
Debate has erupted over driver-assistance systems, which offers some autonomous functionality, following a fatal accident involving a NIO ES8 SUV. Many buyers say they were not educated about the tech’s limitations, which analysts say is necessary to help prevent future accidents.
Court in China says cryptocurrency ‘not protected by law’ in ruling that could set a precedent for bitcoin lawsuits
The plaintiff invested US$10,756 to buy tokens endorsed by three friends but the accounts were closed after the central bank reiterated the ban on crypto transactions. Chinese authorities outlawed the mining of cryptocurrencies this year, triggering a wave of migration by miners from China to central Asia and North America.
Alibaba is again embroiled with controversy, with a police investigation into sexual assault allegations by an employee against her manager and a client.
The teacher forced the kid to smell his feet after the child had called them smelly. Police placed him in an emergency seven-day detention and the government said he needs to be fired.
Farmer was initially overwhelmed and took to hiding in a neighbour’s house to escape horde of Internet bloggers. His village has however experienced an economic boom and now the farmer appreciates the fame.
The battle to supply 1.4 billion people with fresh fruit and vegetables is taking China’s e-commerce companies into the country’s hinterlands, where they are attempting to revolutionise centuries-old agricultural practices to secure future supply for their burgeoning online grocery businesses.
China’s work culture and demanding bosses challenged by two labour disputes, sparking huge Internet discussion about workers’ rights
Recently, a man was sacked for visiting his dying father, and a woman dismissed for not practising a dance for an annual party after work hours. These cases have sparked a massive online debate about working conditions in China.
Alibaba antitrust probe presents new challenges for China’s regulators 12 years after implementation of anti-monopoly law
Beijing has been cautious when it comes to regulatory probes but few of the previous cases rival Alibaba’s in terms of business complexity and market size. Regulatory probes into abuse of market position usually ended in fines being imposed, according to the Post’s review of past cases.