Siberia’s DIY cryptocurrency miners
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Sequoia Capital plans to move deeper into cryptocurrency markets and has earmarked at least $500mn for investments in cryptocurrency assets, and a global financial regulator says that policymakers must act quickly to craft rules for digital asset markets. Plus, the FT’s Moscow correspondent, Polina Ivanova, reports that Siberia has become home to a cottage industry of DIY cryptomining fuelled by cheap electricity.
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Mentioned in this podcast:
Sequoia earmarks $500mn for push into cryptocurrency markets
Global financial watchdog calls for ‘urgent’ action to contain crypto risks
In Siberia, a crypto boom made of ingenuity, defiance and DIY
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
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