Ant Group files ‘Antcoin’ trademark as China tightens crypto crackdown

Ant Group has filed to trademark “Antcoin” in Hong Kong through a Cayman Islands subsidiary while Beijing intensifies its crypto crackdown.

428 +

Binance keeps over 400 Singapore-based employees despite the crypto crackdown: report

Binance will reportedly keep its over 400 of its workers based in Singapore, despite a crackdown on unlicensed crypto firms in the region after the June 30 deadline passed. According to a recent Bloomberg report, the world’s largest crypto exchange…

88 +

Experts: SEC leveraging “lack of regulatory clarity” in crypto crackdown

The U.S. SEC has continued its crypto crackdown this year, but the agency’s current leverage may also be its biggest weakness in months to come. 

422 +

Crypto is not immune to regulation, US crackdown is immensely hurtful

Key Takeaways The US regulatory crackdown continues, with Coinbase and Binance sued last week and a list of tokens declared securities by the SEC Crypto.com is shutting down its institutional exchange, citing lower demand following recent events in the industry  Retail will always be able to access crypto, but institutional capital will dwindle, which will […] The post Crypto is not immune to regulation, US crackdown is immensely hurtful appeared first on CoinJournal.

313 +

Bitcoin and Ethereum Drop as US Financial Regulators Intensifies Crackdown on Crypto Projects

Coinspeaker Bitcoin and Ethereum Drop as US Financial Regulators Intensifies Crackdown on Crypto Projects The regulatory crackdown was highly anticipated based on the recent White House report to Congress, which called crypto volatile for investment.

321 +

EU Voted In Favor Of A Crypto Wallet Crackdown, What’s Next?

Per a report from Patrick Hansen, developer at Unstoppable Finance, the European Union Parliament could be about to crackdown on crypto wallets and their users. This entity just approved a revision to their Transfer of Funds Regulation with an upcoming draft to be voted on later today.

338 +

US Senator puts pressure on SEC chair Gensler, says China’s crypto crackdown is a ‘big opportunity’ for America

Senator Pat Toomey of Pennsylvania said that China’s authoritarian crackdown on crypto should be taken as an advantage by the US.  To seize the opportunity, the US regulators need to change their “regulation-by-enforcement” ways, according to the Banking Committee Ranking Member, Toomey, who recently pressured the Securities and Exchange Commission (SEC) Chairman Gary Gensler to […] The post US Senator puts pressure on SEC chair Gensler, says China’s crypto crackdown is a ‘big opportunity’ for America appeared first on CryptoSlate.

413 +

‘Binance has no business in China,’ notes Changpeng Zhao amidst crypto crackdown

It is no longer news that China has declared all crypto-related trading illegal within its jurisdiction. The post ‘Binance has no business in China,’ notes Changpeng Zhao amidst crypto crackdown appeared first on CryptoSlate.

313 +

DeFi Tokens Rally Following China Crypto Crackdown FUD

Decentralized finance (DeFi)-related tokens and exchanges appear to be making a comeback after China announced its latest crackdown on crypto. The post DeFi Tokens Rally Following China Crypto Crackdown FUD appeared first on BeInCrypto.

257 +

Derivatives DEX dYdX beats out Coinbase's spot markets by volume amid China FUD

Chinese traders appear to be flocking to derivatives DEX dYdX amid concerns over a renewed crypto crackdown in China.

257 +

Bitcoin, Ethereum whales swimming out of Huobi, with a huge catch

After China's crackdown on crypto transactions, exchanges began to limit their services for China-based users. FUD rapidly spread and many traders began to wonder what penalties they might face for viThe post Bitcoin, Ethereum whales swimming out of Huobi, with a huge catch appeared first on AMBCrypto.

391 +

As China Launches Fresh Attack On Crypto, Bitcoin Proponents Think It’s A Blessing In Disguise

As China Launches Fresh Attack On Crypto, Bitcoin Proponents assert Why It’s A Blessing In Disguise Why China’s fresh crackdown on crypto is the best thing to happen to the industry and will pay off significantly China has been a huge powerhouse in the cryptocurrency industry for much longer than many other countries have been. […]

323 +

Huobi Exchange Stops Accepting Chinese Users After Crypto Crackdown

China's largest Bitcoin Exchange Huobi has implemented a measure to stop mainland Chinese residents from registering on its platform by preventing the addition of accounts with Chinese mainland phone numbers, to comply with recent Chinese crackdown on crypto.

343 +

Сенатор Пэт Туми: репрессии Китая против криптовалют — большая возможность для США

Сенатор от Республиканской партии Пэт Туми заявил, что противостояние цифровым активам со стороны китайских властей открывает перед США новые возможности в криптоиндустрии. China’s authoritarian crackdown on crypto, including #Bitcoin, is a big opportunity for the U.

374 +

China: PBOC’s Fresh Crackdown on Crypto Sends the Market Tumbling

China has announced a fresh crackdown on cryptocurrencies. The People’s Bank of China is targeting transactions. It has declared them illegal as well as crypto-related businesses. Financial institutions too cannot provide services related to crypto, according to the announcement.

325 +

Renewed Harsh Crackdown: Chinese Government Declares All Cryptocurrency Activities Illegal

Chinese top regulators have today released a notice that clarifies their stance on cryptocurrencies. The notice specifies that digital currencies are not legal in the country, with the regulators pledging to crack down on the budding crypto industry.

325 +

China Calls All Crypto Transactions Illegal, Bitcoin Drops $4k In Response

China’s central bank has announced that all crypto-related transactions and services are now illegal. In response, Bitcoin drops down to $41k from $45k. China Announces All Crypto Transactions And Activities Are Illegal As per a report from Bloomberg, China has intensified its crackdown on crypto and Bitcoin as the nation’s central bank says all digital […]

232 +

Bitcoin Banning China Keeps NFT-ing

244 +

60 Crypto Exchanges to Be Suspended in South Korea

South Korea is continuing cryptocurrency trading crackdown

310 +

Data center operators have ‘no problem’ with new Russian crypto crackdown

As Russia works to “more clearly prohibit the use of cryptocurrency,” the country’s largest data center operators aren’t really worried.

236 +

South Korean Crypto Investors Could Lose over $2.5 billion due to Regulatory Crackdown

With South Korean regulators set to shut down local cryptocurrency exchanges that fail to meet up the requirements before the deadline later in September, investors in the country could experience losses worth over $2.

264 +

China Unveils Plans For H2 2021 — Crypto Witch Hunt May Be Coming To An End

The People’s Bank of China has stated that its crackdown on virtual currencies has been achieved and is now under normalized supervision. The mission for the remaining months of the year is to “maintain” the status quo which is a hint that the sector may not see any major regulatory actions in the near future. […]

344 +

Nigeria's SEC forms Fintech unit to study crypto for future regulations

Regulatory crackdown on crypto has become quite prevalent in many parts of the world, including Nigeria. However, the country that homes one of the largest groups of crypto-traders in the world is nowThe post Nigeria's SEC forms Fintech unit to study crypto for future regulations appeared first on AMBCrypto.

351 +

China’s Central Bank says Crypto Crackdown Completed and Now Back to Normal Supervision

“The battle to prevent and resolve major financial risks has achieved important phased results,” reads the translated version of the China Financial Stability Report 2021 from the country’s central bank.

360 +

Does The Market Really Care About China’s Anti-Crypto Crackdown?

China’s sustained cryptocurrency crackdown has been intensified in recent months, sparking a major FUD amongst investors. A closer look into the details reveal that the crypto market is choosing to ignore the unsavory headlines from the most populous country in the world.

552 +

Here's why 'accumulating' miners expect Bitcoin to cross $48,000

China's crackdown on crypto mining triggered a sharp fall in Bitcoin's hashrate and price earlier this year, panicking traders worldwide. In spite of this, analysis by CryptoQuant showed that the BiThe post Here's why 'accumulating' miners expect Bitcoin to cross $48,000 appeared first on AMBCrypto.

397 +

Brazil’s Police Force Seizes 591 Bitcoin In Country’s Largest Crypto Seizure

The Brazilian Police Force confiscated 591 bitcoin amounting to 150 million Brazilian real (about $28.6 million) in a crackdown on a suspected fraudulent scheme. According to a CNN Brazil report, federal police as part of “Operation Kryptos” – an ongoing investigation of an alleged financial pyramid scheme arrested 5 persons in connection with the crime […]

443 +

China’s high court proclaims that crypto is not protected by law

China has been making a lot of headlines in regards to the crypto industry this year, and more often than not, not for good reasons. The country has seen a number of its provinces crackdown on cryptocurrency mining, causing the miners to abandon their posts and seek out cheap electricity in other provinces, countries, and […] The post China’s high court proclaims that crypto is not protected by law appeared first on Invezz.

424 +

Binance Clamps Down on Customer Verification As Regulatory Pressures Mount

In light of recent regulatory crackdown and backlash, global crypto exchange Binance is beginning to crack down on its customer verification requirements across its platform. More specifically, the exchange is restricting its once lenient know-your-customer (KYC) requirements.

326 +

China’s Central Bank Launches Major Crypto Crackdown in Shenzhen

The crackdown on cryptocurrencies appears to be gaining steam in China. Local reports state that the Shenzhen branch of the People’s Bank of China (PBOC) has cleansed 11 companies for their illegal cryptocurrency activities.

376 +

People’s Bank of China in Shenzhen ‘cleans up’ illegal crypto firms

The Shenzhen branch of the People’s Bank of China has launched a special “rectification” program against illegal crypto-related activities, beginning with a crackdown on 11 emerging companies.

214 +

Argentina president weighs Bitcoin legalization. But his government doesn’t agree

In a recent interview, the President of Argentina Alberto Fernandez said he sees no reason to push against crypto, but in contrast to his openness, the head of the country’s Central Bank, Miguel Pesce, prepares for a crackdown on the industry.

450 +

Johnny Lyu discusses KuCoin’s recent success with Invezz

KuCoin is going to adjust the max leverage limits on the platform in the coming few weeks. According to its CEO, this is essential to sustain the healthy growth of the crypto industry. Invezz talked to Johnny Lyu about the secret of his exchange’s success, the leverage limit adjustment, and the regulatory crackdown on exchanges.

415 +

BTC Miner Argo Reports a Surge of 332% in H1 2021 Net Income Due to Increase in its Production

The company reported a mining margin of 81%, up from 39% in H1 2020, which further jumped to 83% in July. In late June and July, the miner actually mined more BTC with the same hash power due to a substantial decrease in the global hash rate that led to big changes in mining difficulty after China’s crackdown on crypto mining.

360 +

Interview with Adam Baker from Mercuryo On Crypto Regulatory Landscape

The regulatory landscape on cryptocurrencies and the blockchain industry is changing, many expect a global crackdown on this industry. The atmosphere is tense, as the United States, China, and Europe seem to be moving to tackle a topic long overdue.

265 +

New Poll Shows Partisan Divide on Crypto Tax Reporting Crackdown

Republicans are far more likely than Democrats to oppose the draconian cryptocurrency provision in the infrastructure bill

362 +

Shanghai Man: Crypto recovers, disasters strike, and China’s crackdown moves to other sectors

280 +

The Ominous Ethereum Comparison That Will Leave Bulls Petrified

All across finance, the conversation of the day has been centered around China and the ongoing regulatory crackdown  As it pertains to the crypto market and assets like Bitcoin and Ethereum, holders are wondering if there could be spillover effect and additional FUD that could on the ongoing recovery in play.

363 +

Tether (USDT) faces criminal probe in the US, report says

Tether (USDT) FUD surrounding the stablecoin’s issuance could have a new chapter in the form of criminal charges, which would mark a major development in the US government’s crackdown on crypto. The post Tether (USDT) faces criminal probe in the US, report says appeared first on CryptoSlate.

358 +

South Korea Proposing Revision of Tax Code to Allow the Confiscation of Crypto Assets of Tax Dodgers

South Korea is now considering tightening its crackdown on tax evasion by cryptocurrency investors and high-income earners, said the finance ministry on Monday. The government is proposing to revise tax codes that will allow tax authorities to seize tax dodgers’ crypto assets even if they are held in digital wallets, starting next year.

440 +

FCA’s Crackdown Hits Another One After Binance, Which Has ‘Not’ Seen Institutional Activity Slowdown

Rather, this continued interest from institutional investors is coming not only from crypto native firms but also from traditional finance institutions. Meanwhile, in the US, DeFi is on regulators' radar where with no intermediary, the question is, “who do we put this on?” The post FCA’s Crackdown Hits Another One After Binance, Which Has ‘Not’ Seen Institutional Activity Slowdown first appeared on BitcoinExchangeGuide.

378 +

China’s crackdown signals an oncoming crypto ban, Bobby Lee says

China has been increasing its regulatory pressure on crypto firms to help Chinese citizens stay clear of high-risk investments.

272 +

How BlackHat Coin Will Give You Back Control of Your Privacy with Untraceable Transactions

At the end of 2020 and the beginning of 2021, crypto exchanges crackdown on privacy coins. This resulted in Monero, Zcash, Dash, and others being de-listed from these platforms. Regulators from around the world exerted pressure on these entities to “reduce the risk” and “protect” consumers from the alleged dangers of these cryptocurrencies.

315 +

iM Intelligent Mining Raises $2.5 Million for Eco-Friendly Crypto Mining

Amidst intensified crackdown on crypto mining in China, iM Intelligent Mining is going to expand in Arkansas

301 +

Reports Show China Lost Bitcoin Hash Power Before Conducting The Crackdown

In recent times, China has made moves to halt all forms of Bitcoin mining in its vicinity. According to the government, the operation is consuming more energy than necessary. There have been concerns on how the crackdown will affect crypto prices, given that other countries also picked up the trend. China’s action led to a […]

229 +

Are Stock Tokens Behind The Crackdown On Crypto Exchange Binance?

While crypto exchange Binance continues to face crackdowns from several different countries, it’s looking likely that stock tokens may be behind this. Hong Kong And Lithuania Become The Latest To Crackdown On Binance On Friday, Hong Kong’s market regulator, the Securities and Futures Commission (SFC), warned the crypto exchange in a press release. The commission […]

491 +

China’s crypto industry is gone? Beijing’s crackdown keeps sending shockwaves

The Chinese government’s ongoing crusade against cryptocurrencies might have dramatic consequences for both domestic and global crypto traders.

309 +

Three More Chinese Provinces Join National Clampdown on Crypto Mining Activities

The current crackdown on mining activities in China appears to be gaining steam.  Three provinces Henan, Gansu, and Anhui, have joined the nationwide crackdown on crypto farms.  Henan, Gansu, and Anhui to Crack Down on Mining Activities Local news outlets have reported different reports on the crackdown on crypto mining activities within the country. HeifiRead More

395 +

Anhui Becomes The Sixth Chinese Province To Clamp Down On Bitcoin Mining

To say 2021 has been a rough year for Chinese crypto miners would be a big understatement. The country’s increased crackdown on crypto mining has essentially paralyzed an industry that accounts for more than 50% of global BTC production.

344 +