🚫 China limits crypto mining investments

The crackdown continues

Hey Waivly Crew! 🌊 China has added crypto mining to a draft list of industries in which investment is restricted or prohibited. During Tesla’s Giga Fest, Musk announced Tesla is aiming to start production at its new Gigafactory in Berlin soon.


China adds cryptocurrency mining to ‘negative list’ of industries

It seems like China’s crypto crackdown is far from over, as they have now added cryptocurrency mining to a list of industries in which investment is restricted.

Not looking good

Cryptocurrency mining is now on the 2021 draft “Negative List for Market Access,” according to an announcement released by China’s National Development and Reform Commission, the state planner. Until October 14th, the commission is accepting public comments on the list, but there’s little chance the input will change their stance on crypto mining.

Off-limits

The State Council explained the purpose of the list, "The negative list for market access outlines sectors, fields, and businesses off-limits for investors. Industries, fields, and businesses not on the list are open for investment to all market players."

Say goodbye

Since the start of October, as a result of China making all cryptocurrency transactions illegal, over 20 companies, such as crypto exchanges, software developers, and media companies, have decided to stop providing services to users in China, along with completely withdrawing from the Chinese market. Now that China is continuing to crack down on crypto, it's likely this trend will continue.


Tesla to start production at its German Gigafactory by the end of 2021

Elon Musk has announced that the German plant will begin production of its Model Y by the end of the year.

Waiting for approval

The Gigafactory as of right now is in its final phases of construction after many delays due to complaints and concerns from German authorities about the environmental impacts that the factory will have on the land. They are still waiting for its German plant to be approved and evaluated by local authorities before production can start.

Some concerns

Local German authorities have raised their concerns about Tesla's water use, as well as their disruption to wildlife. As a response to the concerns, Elon explained that Tesla would be planting more trees than cutting them down during the construction of the plant and as little water as possible will be used at the new plant.

How many Teslas can we expect the German plant to produce?

According to Bloomberg, Musk has stated that he expects Tesla's German plant to produce between 5,000 to 10,000 Teslas weekly by the end of the year and as many as 500,000 Teslas a year. Tesla has Gigafactories in Shanghai, China, Reno, Nevada, Buffalo, New York and will soon open another Gigafactory in Berlin, Germany, which will employ about 12,000 people at the plant.


The Waves

🚗 GM begins replacing recalled Chevy Bolt batteries

📈 Bitcoin is currently rallying above $57,000

👩‍🚀 Astronaut Sally Ride will be featured on a 2022 US quarter

🧽 SpongeBob is now an Xbox Series X


Creator Special

Xero1023

Xero1023 is an upcoming streamer and member of the Valkence family who streams on Twitch throughout the week. When he's not slaying enemies in Destiny 2, you can find him playing games like Pokémon Sword/Shield, Dead by Daylight, and a bunch of other entertaining games to watch live.

Thecustomapparelau

Thecustomapparelau is an Australian apparel and clothing brand owned by Sneakerheadcustomsau, inspired by the fear of being average. For the most part, they create custom sweatshirts and t-shirts, which you can order through Instagram DMs.

Pumaacer

PumaAcer (also known as Fabi) streams on Twitch on Wednesday and Sunday from 5:30 pm BST. If you're a fan of a variety of different games, PumaAcer is the perfect streamer for you as he is always trying out new games every week.


Blue Origin delays William Shatner's space flight

Star Trek actor William Shatner will have to wait longer to go into space for real, as Blue Origin has delayed its New Shepard launch

Forecasted wind

Originally Blue Origin's New Shepard vehicle was scheduled to launch today at 8:30 am local time, but due to forecasted wind, Blue Origin’s mission operations team has decided to delay the launch of NS-18. Shatner, who played Captain James T. Kirk in the classic TV series Star Trek will be the oldest person ever to make it into space, with the previous record-setter being 82-year-old pilot Wally Funk.

When is the launch?

Shatner will not have to wait much longer to finally go to space, as the New Shepard will launch tomorrow, Wednesday 13th October, at 8:30 AM CDT (2:30 PM BST). While at New York Comic-Con last week, he told the audience, I’m terrified. I know! I’m Captain bloody Kirk, and I’m terrified!”

A trip to not forget

During the trip, Shatner and the rest of the crew onboard the NS-18 rocket will launch from Blue Origin's West Texas base and go just beyond the Karman line, which defines the boundary between Earth's atmosphere and outer space. Once they are past the Karman line, they will experience four minutes of zero gravity and get the chance to admire the view before returning to earth.


Pushing The Wave With Ledger

If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.

Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.

The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.


Share The Wave

That wraps up today's newsletter. Thank you for reading through, and we hope you liked today's content. Know someone else who would enjoy this newsletter just as much as you do? Send them to our website, and get them onboard the Waivly Crew and involved in The Wave. Get more from us on TwitterInstagram, and LinkedIn. See our Ledger Affiliate notice here.