What's the consensus on china's motivation for proposing to ban crypto mining?

Capital flight has always been a top candidate for china's crypto crackdowns. Preventing liquidity and wealthy residents contained inside china's borders from moving out of the country. Like china, both NY and california contain a high percentage of residents who wish to migrate out of state and live elsewhere--taking their wealth with them. In this we might draw parallels between them.

Google parent Alphabet beat analyst earnings expectations but reported slowing revenue growth amid tougher competition in the online advertising market. Alphabet shares dropped more than 7% in after-hours trading.

Google's advertising revenue, its key moneymaker, grew by 15 percent to $30.7 billion — slower than investors had hoped. Google's digital-ad rivals include Facebook and Amazon, the latter of which has been steadily gaining ground.

In the Ukrainian parliament, referred to as the Verkhovna Rada, four different bills seem to have been introduced, which both provide for exempt taxation and exempt it. Of course, in a hybrid war with Russia, it will be necessary to replenish the treasury to counter the aggression and most likely, the tax will be introduced. However, all states go this way. Even Japan first introduced very large taxes on cryptocurrency revenues, so there was even a question of lowering them. Only a few states, such as Belarus, do not yet provide such taxes.

According to a Financial Times article from June 2018, the Bank for International Settlements (BIS) traces the instability of crypto-prices back to the lack of a crypto central bank. The fact that the value of Bitcoin is not controlled by a designated central bank constitutes a major difference to traditional currencies.

The US Federal Reserve Bank, for instance, injects or withdraws dollars from circulation in order to meet its policy goals such as a stable rate of inflation. The supply of Bitcoin, in contrast, evolves due to decentralised computing activities of 'miners' and can only increase over time.  Therefore, a traditional tool for promoting price stability is unavailable for cryptocurrencies. The BIS addresses 'unstable value' as one major challenge for cryptocurrencies for becoming major currencies in the long run.

A guy bought a very big house, which triggered an argument on a telegram group.
some people were arguing on a telegram group that they guy couldn't have bought the house with only trading profit....some insinuated that he must be into other businesses.
I laughed at their ignorance.
Why? Because I know that even in this present market condition that some skilled traders are making a killing.
I'm not talking about traders who trade with small capital here.
The conclusion is that when you trade with massive capital ,you earn massively.

New rules released by the Canadian province’s energy regulator Monday create blockchain as a client category of its own and order utility Hydro-Quebec to set aside an extra 300 megawatt for the industry, on top of 368 megawatts already committed. Applying companies will be judged on four criteria, including the number of jobs created, planned investments and heat recovery plans for the energy-intensive computing process that makes transactions with digital currencies possible.

Regie de l’energie also rejected a proposal by provincial utility Hydro-Quebec to have miners bid for power. Blockchain clients will continue paying one of two tariffs they’ve been offered so far, in most cases the same as large consumers such as manufacturers and data centers.

The decision ends a moratorium that had been put in place to let the province figure out how to deal with requests from the energy-hungry industry. Quebec offers the lowest power rates in North America and saw surging demand. A survey of potential clients by Hydro-Quebec indicated there’s still demand for thousands of megawatts, even after the price of Bitcoin went down last year, spokesman Jonathan Cote said in an interview.

Practical use?
A country can save billions in remittance fee through bitcoin. It is a currency which is backed by maths, algorithms. It is not centralized. It is a currency of future. There isn't much acceptability yet. But that will definitely change in near future.

The people in Venezuela get extra shafted by their government because they didn't have a lot of money before their economic collapse, at least when you compare them to western standards, and because of this they were often left with too little money to buy other stores of value, or have access to them, in the case of Bitcoin and cryptos at large.

In a meeting in Beijing, Argentina’s Deputy Minister of Finance, Felix Martin Soto, claimed that the government should address crypto and blockchain tech as a way to promote Argentina’s financial inclusion and reduce state costs.

Soto, who leads Argentina’s international financial relations, explained that half of the country’s population does not have bank accounts and operate cash transactions by converting their savings to United States dollars.

Soto stated that he believes that promoting crypto industry in the country will help to reduce its demand for USD, which will eventually contribute to stabilizing the local market and attracting global investment.

The International Monetary Fund and the World Bank have launched a private blockchain and quasi-cryptocurrency called “Learning Coin” to better understand the emerging technology.

The Washington-based multinational agencies stressed that “Learning Coin” will be inaccessible outside the World Bank and the IMF and have no monetary value whatsoever, and is therefore not a real cryptocurrency, like bitcoin.

However, its development has helped its staff become more familiar with principles like the distributed ledgers that underlie crypto assets, possible use cases like smart contracts and enhanced transparency, and challenges like facilitating money laundering.

In a statement the IMF said: “The development of crypto-assets and distributed ledger technology is evolving rapidly, as is the amount of information (both neutral and vested) surrounding it. This is forcing central banks, regulators and financial institutions to recognize a growing knowledge gap between the legislators, policymakers, economists and the technology. This project begins to bridge that gap and form a strong knowledge base of the technology among IMF and World Bank staff.”

The Fund said the Learning Coin app would serve as a “hub for knowledge” helping host their content like blogs, research, videos and presentations. Achieving certain educational milestones will allow World Bank and IMF staff to “earn” Learning Coins. They will have no real value, but the developers are testing how staff can redeem the coins for some kind of rewards, the statement said.

The only chance Maduro steps down is if another country were to welcome him like a King, which is quite unlikely.   The only one I can think of is Cuba but they want him to stay right where he is in order to keep sending the oil in exchange for goods and labour provided, they have their own problems.   Any benefactor would need to be a rich nation I guess, I dont think China has any purpose from him except as a gateway to aquire assets and access to the oil fields perhaps similar to how China operates in Africa.    
Russia wants Maduro there to give them a free base in South america.   The Venezuela Military want Maduro to remain there so they can continue to export drugs from Columbia with immunity from prosecution.     Unfortunately the people are all secondary, the only ones who benefit now are corrupt or somehow receiving money from a government which is broke outside of cash to buy bullets to fire at those who disagree.    Its not a unique path, its well trodden spiral by failed regimes into chaos and eventually war and destruction of the country

Two days ago we had 12 hours blackout, its getting a little better, but still there is a deep problem in the dam that needs urgent addressing: Replace of two giant transformers (it has 3, only the last one is working) only a company from Germany has them, but they don't recognize the usurper so there is no way for this to be purchased. Unless the Chinese can cook something (since they have nearly all world technology, copied or not...).

Does exchanges really don't know how to prevent their users from buying coins 100 times higher by market buy? If chart is that high means that someone bought that high and someone sold that high. That's crazy and so easy to prevent.

This is interesting, giving students some money and use whatever it is for research. It would be way cooler if they could build a working community/economy that peruses the said digital vurrency and not just letting it sit and accrue value over time due to volatility. Surely, this is what most students will do since they also need the money, but hopefully some would kickstart an economy at MIT, perhaps by trading items/essentials in exchange for btc.

I've also only had good experience with Publish0x for now.
Got some [BNTY] and [HYDRO]-Tokens for posting a few guides and the withdrawal worked flawlessly.
The support also seems to be very competent (had a short conversation with the admin on Telegram).

It is likely that there will be no withdrawal of England from the European Union at all. Recently it was decided by the parliament of this country to postpone such an exit. This decision was approved by the EU member states. In England itself, several million signatures have been collected for the re-referendum on leaving the EU. By this time, many Englishmen understood the advantages of the union and what they were losing when they left it. The more time passes, the less likely the exit itself.

Cash use has decreased rapidly in Sweden and a scenario within the not-too-distant future, in which cash is not generally accepted, can’t be ruled out.”

Sweden is becoming a guinea pig in what constitutes legal cash in a digital world as the Nordic country’s citizens flock to credit and debit cards and other digital payment services. Many bank branches have now stopped offering money withdrawals as stores and restaurants are phasing out cash. Some people are finding it difficult to cope without access to mobile phones or bank cards. There are also fears around what would happen if the digital payments systems suddenly crashed.

The Riksbank is exploring its own digital currency, while legislators are leaning toward forcing banks to handle cash.

I reached out to two of our students, one undergraduate and one MBA, who were interested in essentially giving everybody at MIT $100 in Bitcoin and jump starting an ecosystem here on campus around cryptocurrency.

I was fascinated by their idea. I convinced them to turn it into a research study. They had already pretty much raised the capital from a group of our alumni. When Catherine Tucker and I got involved, the idea was really to first make it safe so that the moment where we were starting to drop half a million dollars on campus, we wouldn't be crazy, but also to learn something from it from a research perspective.