China’s new FX rules escalate crypto crackdown - What’s next?

2025-1-2 16:30

China’s foreign exchange regulator announced new rules aimed at tightening oversight of cryptocurrency activities.  China remains the second-largest holder of Bitcoin globally, owning about The post China’s new FX rules escalate crypto crackdown - What’s next? appeared first on AMBCrypto. origin »

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china new rules escalate crypto crackdown globally

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China Gets More Blockchain Censorship Powers Under New Rules

China’s crypto angst has shown no sign of abating as we enter a new year. Another raft of restrictive regulations has just been implemented for blockchain companies in the People’s Republic. Data Privacy Not Applicable in China The Cyberspace Administration of China (CAC) has just introduced more regulations for companies dealing with distributed ledger technology.

2019-1-11 12:00


Ôîòî:

Bitmain Ready to Name New CEO As Founders Step Aside, Reports Claim

Bitmain Technologies, which recently stalled its multi-billion-dollar IPO plan, could be about to announce the name of a new CEO who will replace the company co-founders. According to the South China Morning Post, the company’s two founders are leaving while their director of product engineering Wang Hiacho is being named as a potential successor.

2019-1-10 19:59


Ôîòî:

China is forcing blockchain devs to dox users, censor content

The Chinese government is forcing blockchain companies to censor content, store users’ identity data and share it with authorities in a bid to support “orderly development. ” As part of a new registration system, the Cyberspace Administration of China (CAC) will require users of blockchain platforms to submit their real names, national IDs, and even telephone numbers, Reuters reports.

2019-1-10 18:02


New Apollo Mixer Crypto Tool Makes Coin Mixing Untraceable via Encrypted Transactions

In a moment in which privacy is more vulnerable than never before, Apollo Mixer can be a great ally for individuals searching to safeguard their data. Indeed, there are some countries such as China or Venezuela in which institutions know (almost) everything what people do, including with their money. Bitcoin (BTC) became an important tool […]

2019-1-6 03:19


New Blockchain Platform Due to Launch by China Banking Association (CBA) for Trade Finance

In China, the entity in charge of the regulations for crypto in the local economy is the China Banking Association (CBA). In order to make some progress in their sector, the CBA has announced their intent to launch a platform for trade finance, centered around the use of blockchain technology. The annoucement occurred last week, […]

2019-1-5 18:00


Ôîòî:

Bitmain Reportedly Will Sack More Than Half of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.

2018-12-29 21:20


Ôîòî:

Bitmain Reportedly Will Sack Up to 85 Percent of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.

2018-12-27 21:20


New Computer World Report Ranks Australia Sixth Globally for Most Blockchain Patents, China First

Computer World published an article this week on the 13th of December which ranked Australia on the sixth position in terms of patents related to the blockchain infrastructure. According to the same report, China is leading the patent race with a total number of 1520 patents having been filled up to now. The United States […]

2018-12-16 23:38


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What does the Bitcoin Dominance say about altcoin season odds?

Key Takeaways What clues does the Bitcoin Dominance give to investors? It signaled BTC has been weaker than the altcoin market over the past two weeks, but the longer-term outlook confirmed we are aThe post What does the Bitcoin Dominance say about altcoin season odds? appeared first on AMBCrypto.

Bitcoin and the crypto market may have bottomed, says Fidelity exec

Key Takeaways  What informed Fidelity’s crypto market floor call?  Fidelity’s Chris Kuiper said STH capitulation and weak sentiment levels mirrored past local bottoms.  What’s holding backThe post Bitcoin and the crypto market may have bottomed, says Fidelity exec appeared first on AMBCrypto.

Bitcoin plunges: Why THIS level is crucial to avoid a 2022-style BTC crash!

Key Takeaways What happens as Bitcoin plunges toward key support? As Bitcoin plunges below its support level, holding above $82K is critical. Falling below this level could trigger capitulation fromThe post Bitcoin plunges: Why THIS level is crucial to avoid a 2022-style BTC crash! appeared first on AMBCrypto.

Why Bitcoin’s 30% drawdown is a 'healthy thing,' reveals Michael Saylor 

Key Takeaways  Why is Saylor positive about the drawdown?  According to him, it’s a healthy market reset that flushes out excess leverage and weak hands for the next rebound to a new all-time hiThe post Why Bitcoin’s 30% drawdown is a 'healthy thing,' reveals Michael Saylor  appeared first on AMBCrypto.

Crypto winter ahead? 28% market crash & Bitcoin’s price drop sparks panic

Key Takeaways What does crypto winter mean for the average market participant? It means investor confidence is shrinking, and is reflected in reduced market confidence and steady price declines acroThe post Crypto winter ahead? 28% market crash & Bitcoin’s price drop sparks panic appeared first on AMBCrypto.