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Overseas Mines Are Witnessing A New Round Of “Gold Rush” While Domestic Mine Policies Are Tightening

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Domestic policies are getting tighter, sparking waves

On May 18, China Internet Finance Association and two other associations jointly issued “Announcement on the Prevention of Virtual Currency Transactions Speculation Risk”, underscoring the virtual currency transactions speculation risk, implying that virtual currency transactions are illegal in financial activities, and financial institutions and payment agencies should not provide support and services for virtual transactions.

On May 21, Vice Premier of the State Council, Liu He presided over the fifty-first meeting of the Financial Stability and Development Commission of the State Council to study the next phase of financial. The meeting emphasized cracking down on Bitcoin mining and trading practices, and was determined to prevent individual risks from passing on to the society.

With the continuous modification of regulatory policies, domestic mining operators will face a sudden decline in business volume, shortage of funds and other challenges, as the future of mining looks bleak. The stance of the Financial Stability and Development Commission of the State Council on tightening virtual currency mining regulation is due to financial risks and concerns about energy consumption from mining.

Inner Mongolia takes the lead in response

Inner Mongolia became the first place to issue a policy to “crack down on the mining of virtual coins” after the Financial Stability and Development Commission of the State Council stepped up regulation of virtual coins. On May 25, the Inner Mongolia Development and Reform Commission announced eight measures to strengthen the crackdown on virtual coin mining. It not only referred to that industrial parks, data centers, self-owned power plants, internet enterprises, internet cafes and other participants in mining activities will be held responsible according to relevant laws and regulations, but also the related enterprises and personnel of virtual currency mining activities will be blacklisted for discrepancies according to relevant provisions.

Not only that, the individuals involved are equally treated, and the draft notes, public officials, who take advantage of their posts, participate in virtual coin “mining” or provide it with convenience and protection, now come under the scanner.

Whether Sichuan will be the last “resort” is debatable

After the Inner Mongolia article, the mining circle is also waiting to see whether Sichuan will follow the same path. On June 2, Sichuan held a virtual coin “mining” related situation symposium. Many industry insiders said that this meeting is only a research meeting, not decision-making meeting, and its impact on the industry is limited without the changes in the policy. So, it is not clear whether Sichuan will tighten regulations too.

There’s a big difference between hydropower and thermal power mining, and Sichuan already has a lot of abandoned power during the abundant water season, and mining is the most efficient way to use it because it doesn’t require electricity to be transferred, so simply moving the mine to a power-generating location can convert it directly into revenue. Therefore, if Sichuan and Yunnan consider abandoned water consumption factors, in the abundant water period the abandoned electricity can be used for mining, the domestic may still retain some mines. This is the reason why some miners are still waiting.

Opportunities and challenges of “gold rush” overseas

Mining is essentially a manufacturing process for digital currency assets. Given the uncertainty of domestic policy, if there is policy support in North America and other countries, and electricity is cheap and infrastructure is mature, it is a better choice to deploy mines overseas.

Opportunities are often accompanied by challenges, says Liu Changyong, director of the Blockchain Economic Research Center of Chongqing Technology and Business University, where the mines will first consider low electricity prices. In 2018 and 2019, Iran’s electricity prices were very low, but policy was unstable, and some of the mines were even confiscated directly by the government after they were transferred. “It was only later that people discovered that the policy environment was also important. Now it is mainly transferred to the slightly remote places of developed countries, such as Canada and northern Europe, with low electricity prices and relatively stable and friendly policies, and moreover, low temperatures are beneficial for machine cooling.”

Planning ahead, BTC has already started overseas layout

In fact, as early as in April this year, Ms. Meng Xiaoni, vice president of BTCM and chief executive of BTC.COM, expressed her views about the mining “change”. The restructuring of the global energy sector, she argues, is a global revolution that began in 2014, and by 2020, at the 75th UN General Assembly, China’s goal of carbon neutralization has given a crucial signal of huge Chinese capacity, China’s market and Chinese demand, and calls for a more environmentally friendly approach. This is bound to provide great leadership for the global economic industry, but also has a strong butterfly effect, in the future there will be more countries to join the construction group, leading to global economic change.

To this, BTC also lays out overseas early. Moreover, there are frequent actions taken recently!

On May 19, BTCM announced a legally binding investment agreement with Dory Creek, a wholly-owned unit of BitDeer, to jointly invest in an encrypted digital currency mine in Texas. BTCM plans to invest a total of US $25.74 million.

On May 24, BTCM announced that it would set up a mine in Kazakhstan, with a total investment of RMB 60 million, to build and operate a 100-megawatt mine with a Kazakh company. When the mine is completed, the company will hold an 80% stake in the Kazakhstan mine, with a 20% stake in the partner.

BTCM has been advocating low-carbon and environmentally friendly mining. Clean and low-carbon energy accounts for more than 98% of the company’s own mine energy mix after the Texas mine was completed. In the future, BTCM will continue to actively implement the goal of “carbon neutralization” and actively seek more high-quality mineral resources overseas!

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UPCX Announces Global Staking Program to Promote Democratization of Blockchain Finance

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The blockchain payment platform UPCX has announced the launch of an exciting staking event, offering participants the chance to share a prize pool worth $20,000 (approximately 7,500 UPC). This event is exclusively designed for UPCX Stakers and will run from March 12, 2025, to April 12, 2025.

Event Rules:

Lucrative Rewards: In addition to the APY provided by the UPCX platform—20% (30 days), 50% (90 days), and 100% (180 days)—participants can earn an additional bonus of up to 30%.

Flexible Staking Options: Users can choose from 30-day, 90-day, or 180-day locking periods, sharing different prize pools based on their staked amount and duration.

Prize Pool Distribution:

Stake over 10 UPC: Share a 1,000 UPC prize pool

Stake over 500 UPC: Share a 2,500 UPC prize pool

Stake over 1,000 UPC: Share a 3,000 UPC prize pool

Additional Long-Term Rewards: Stake 25 UPC for 90 days to share a 300 UPC pool, or stake 25 UPC for 180 days to share a 600 UPC pool

How to Participate:

Visit the UPCX Staking Platform to stake any amount of $UPC: https://upcx-staking.io/

Fill out the event form to claim rewards, which are distributed proportionally to your staked amount: https://t.co/bIXuOGAoPs

UPCX emphasizes that this event aims to promote the democratization of blockchain finance, enabling global users to benefit from the advantages of blockchain technology. During the event, participants not only have the opportunity to earn substantial rewards but also experience the secure, transparent, and efficient financial services offered by the UPCX platform. UPCX is committed to reaching global markets, strictly adhering to legal and regulatory requirements in each region to ensure service compliance. Currently, $UPC is listed on several well-known trading platforms, including MEXC, Bitget, Gate.io, WEEX, and Websea, providing convenient trading channels for users worldwide.

More about UPCX:

UPCX is a blockchain-based open-source payment platform that aims to provide secure, transparent, and compliant financial services to global users. It supports fast payments, smart contracts, cross-asset transactions, user-issued assets (UIA), non-fungible tokens (NFA), and stablecoins. Moreover, it offers a decentralized exchange (DEX), APIs, and SDKs, allows customized payment solutions, and integrates POS applications and hardware wallets for enhanced security, building a one-stop financial ecosystem.

Official website: https://upcx.io/

X: https://x.com/Upcxofficial

X(upcxcmo): https://x.com/kokisato_upcx

Telegram: https://t.me/UPCXofficial

Discord: https://discord.gg/YmtgK7NURF

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Kim Hye-yoon: A Trusted Actress in South Korean Cinema and Television

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What does it take to rise from countless unnoticed roles and become one of the most trusted actresses in South Korea? For Kim Hye-yoon, the answer lies in her passion, persistence, and undeniable talent. Her inspiring journey tells the story of a young actress who turned setbacks into stepping stones, proving that perseverance and hard work can transform dreams into reality.

As a rising star in South Korean cinema and television, she honed her craft through minor roles and captivated audiences with her talent and versatility. Her dedication to portraying characters with authenticity and depth has earned her the title of a trusted actress among viewers. Kim Hye-yoon’s acting career began in 2013 with a supporting role. Her big break came in 2018 when she was selected to play Kang Ye-seo in the popular drama Sky Castle. The role left a lasting impression on critics and viewers, earning her the Best New Actress award at the 55th Baeksang Arts Awards, a prestigious ceremony recognizing excellence in film and television.

Following the success of Sky Castle, she landed her first major role in the fantasy-romance drama Extraordinary You (2019). Her performance as Eun Dan-oh highlighted her ability to lead a show as the main character, solidifying her reputation as a versatile leading actress. That same year, she won both the Best New Actress and Excellence Award at the MBC Drama Awards. In 2021, she made her film debut in the psychological thriller entitled Midnight, playing a young woman who finds herself entangled in a high-stakes game of hide-and-seek, rescued by the deaf protagonist whilst attempting to escape a menacing serial killer. She also starred in the historical comedy-drama Secret Royal Inspector & Joy (2021), portraying Kim Joy, a divorced woman who partners with a royal inspector to solve cases in the Joseon Dynasty. She delivered yet another powerful performance in the series Snowdrop set against a backdrop of political instability, where she portrayed Gye Bun-ok.

In 2022, Kim Hye-yoon took on her first leading role in the movie The Girl on a Bulldozer, where she portrayed Goo Hye-young, a strong and independent young woman forced to step up and care for her brother when her father’s reckless behavior jeopardizes the stability of their family. The movie won critical acclaim and her compelling performance earned her six wins including Best New Actress in Grand Bell Awards and Blue Dragon Film Awards. She also starred in the romantic film Ditto in which she portrays Seo Han-sol, a sweet college student and the first love of the lead character. Kim’s careful approach to acting is evident in her nuanced portrayals of complex characters. In The Girl on a Bulldozer, she delivered a powerful and genuine performance, delving deeply into the character’s psyche. Her ability to convey layered emotions has earned her recognition from directors and audiences alike.

In 2024, she captivated viewers with her role as Im Sol in the time-slip romantic comedy Lovely Runner, which received positive reviews for both her performance and its engaging plot. She has received multiple nominations and awards for her role as Im Sol, including Starfocus’ 2024 Best Actress of the Year in the Asia Pacific award, which recognized her growing popularity and impact in the region. With every role she takes on, Kim Hye-yoon has a remarkable ability to draw the audience in, immersing them in the story with a depth and authenticity that leaves a lasting, emotional impact. She expressed gratitude to her fans through fan meetings and events, strengthening her bond with her fanbase, Hyeppyendings. Celebrating her 12th debut anniversary this 2025, she aspires to connect with audiences worldwide through her performances. Kim Hye-yoon is set to play the lead in the highly anticipated drama Human from Today. In this series, she portrays a quirky gumiho who enjoys the pleasures of the human world while deliberately avoiding good deeds to maintain her immortality. The show promises to be a song of encouragement for the youth, and fans are already excited by the early promotions.

Kim Hye-yoon’s journey in the entertainment industry from supporting roles to lead roles is a testament to her commitment and passion for acting. Even when the dream of becoming a renowned actress felt distant, she persevered with determination. With each project, she continues to challenge herself and expand her artistic horizons, cementing her place among South Korea’s most talented actresses.

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Ex-bit Successfully Concludes Karawa Event in Malaysia, Marking a Milestone in Blockchain and Forex Innovation

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Kuala Lumpur, Malaysia, 15th March 2025, ZEX PR WIRE, Ex-bit, a leading digital ecosystem in Web3 gaming, blockchain, decentralized finance (DeFi), and e-commerce, successfully hosted the Ex-bit Karawa Event at Hotel Sheraton Imperial, Kuala Lumpur. The grand event honored Ex-bit Achievers and witnessed the prestigious launch of Rame Markets, a fully regulated forex broker designed to transform the global financial trading landscape.

The event brought together industry pioneers, financial experts, and influential leaders from across the globe. Notable guests in attendance included:
✅ Mr. Ram Patel – Industry Expert and Blockchain Visionary
✅ Dr. Mayur Shrivastava – Key Influencer in Digital Finance
✅ Master Dzulking – Prominent Thought Leader
✅ Dato Asmawey Hussain – President, Crime Prevention & Awareness Board Malaysia
✅ Dato Seri Dzulkify Saini – Influential Figure in Financial Regulation
✅ Harat Ilkar Cakmakci (Turkey) – Global Business Strategist
✅ Philip (Thailand) – Forex & Trading Expert

A Landmark Moment for Ex-bit & Rame Markets
The Ex-bit Achievers Felicitation recognized outstanding contributions to blockchain and financial innovation, celebrating individuals and organizations driving the Web3 revolution forward.

The highlight of the evening was the official launch of Rame Markets, a fully regulated forex brokerage offering secure, seamless, and compliant trading solutions to investors worldwide. With a focus on transparency, financial growth, and user empowerment, Rame Markets is set to redefine forex trading for both beginners and seasoned investors.

Ex-bit’s Commitment to Digital Innovation
Ex-bit continues to expand its presence in the blockchain and fintech space by providing a secure, decentralized, and user-driven ecosystem. With a strong foundation in Web3 gaming, DeFi solutions, and digital commerce, Ex-bit aims to lead the next wave of digital transformation.

Looking Ahead
The success of the Ex-bit Karawa Event underscores the company’s commitment to innovation, financial empowerment, and global expansion. As Ex-bit and Rame Markets move forward, they remain dedicated to delivering cutting-edge solutions that redefine the digital economy.

For media inquiries or further information, contact:
admin@ex-bit.ai

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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