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Here's why this 'won't impact Bitcoin, Ethereum' and other cryptos directly
As regulators around the world wake up to the crypto mania, an increasing number of entities associated with the space are facing hindrances to their businesses. Along with China’s complete crackdowThe post Here's why this 'won't impact Bitcoin, Ethereum' and other cryptos directly appeared first on AMBCrypto. дальше »
2021-7-14 07:00 | |
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Bitcoin: Was the Chinese mining crackdown really about the environment
The recent miner exodus from China has been one of the biggest bumps the Bitcoin ecosystem has faced since its inception. Initially marketed as a response to rising ESG concerns due to energy usage byThe post Bitcoin: Was the Chinese mining crackdown really about the environment appeared first on AMBCrypto. дальше »
2021-7-14 03:00 | |
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How China Turning The Heat On Tesla May Drive Elon Musk To Discard BTC Worth $1.3 Billion
Back in 2018, when Elon Musk took a juicy risk to float Tesla’s third gigafactory in China amidst heated trade wars between the US and the communist nation, all the focus of the world’s largest electric motor manufacturer was set on raking in tons of profit from the world’s largest market. What could possibly go […] дальше »
2021-7-14 22:47 | |
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‘Clean’ Bitcoin (BTC) mining is coming via this Ohio nuclear plant
With China’s current negative stance towards Bitcoin mining plus Elon Musk’s Tesla insistence that they would only accept the digital asset as a payment method only if the mining process of the coin becomes more environmentally friendly, many crypto miners have been left to rue their losses. дальше »
2021-7-13 19:00 | |
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China’s Crackdown on BTC Mining Shifts Hash Power to the West; More Miners to Come Online
US Bitcoin mining facility operator Compute North has disclosed plans to expand its services. The firm, which has centers hosting Bitcoin miners in Texas, Nebraska, and South Dakota, intends to scale up its capacity by 1. дальше »
2021-7-12 21:43 | |
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China Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report Reveals
China, which has arguably the most advanced digital currency project among leading nations, has so far handed out more than $40 million in red envelopes with digital yuan. The promotional campaign for the CBDC is currently focused on five major cities, taking into account their regional development priorities. дальше »
2021-7-12 19:30 | |
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Who can take advantage of China's Bitcoin mining crackdown
Bitcoin is created or mined by high-powered computers in different parts of the world, with each one of them participating to solve complex mathematical puzzles in a process that makes rigorous use ofThe post Who can take advantage of China's Bitcoin mining crackdown appeared first on AMBCrypto. дальше »
2021-7-10 11:30 | |
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China Opens Digital Yuan Whitelist for Ten Million Citizens
The Chinese government is taking its digital yuan test one step further. Now, 10 million users will be able to test and use the currency after applying to join a whitelist in selected state banks. This new phase of the test aims to detect possible problems in a more broad testing environment. China is preparing […] дальше »
2021-7-10 09:00 | |
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Why China’s Renewed Bitcoin Crackdown Isn’t Telling On Many Significant Levels
Even as Bitcoin attempts to gain a footing in the now downsized market owing to massive dumping witnessed in May following China’s ban on crypto-related activities, the PBOC seems not to be backing down on its move against Bitcoin miners and traders but instead, seems to have intensified its crackdown. On July 6, the Beijing […] дальше »
2021-7-9 22:32 | |
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Mike Novogratz: China’s War On Crypto Is Helping The US Crypto Community
Galaxy Digital CEO Mike Novogratz has shared some geopolitical insights on crypto as Bitcoin (BTC) has continued to trade sideways after plunging below $33,000 on Thursday. US Crypto Community Winning Over Asia Novogratz said in an interview with CNBC’s Squawk Box that Bitcoin’s price is now consolidating between $30,000 and $35,000, implying that the US […] дальше »
2021-7-9 20:15 | |
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US crypto community overtaking Asia, says Mike Novogratz
“China has declared war on crypto as part of this broader cold war that we’re getting into,” Mike Novogratz stated.
дальше »2021-7-10 16:52 | |
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Binance Faces Ban In China And Blocks In Europe
European banks began blocking customer payments to the crypto exchange Binance after the UK financial watchdog banned operations of Binance's subsidiary in the UK. In China, Binance faces blocks of its website and apps. дальше »
2021-7-13 18:48 | |
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China: State-Owned Banks to Task Employees With the Promotion of Digital Yuan Wallet
China continues to scale up efforts to test its upcoming digital yuan, as six state-owned commercial banks have added the responsibility of promoting the Chinese central bank digital currency (CBDC) wallet on employee assessment. дальше »
2021-7-8 23:00 | |
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Chinese Bank Employees Told to Entice 300 Customers to Use the Digital Yuan
In mid-May, a report stemming from residents in Shenzhen, China explained that the digital yuan wasn’t seeing widespread participation, which the Chinese government has alluded to in many press releases. дальше »
2021-7-8 22:30 | |
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China Banned Bitcoin Mining. What Happens To Small Hydropower Stations Now?
This China Business News article about hydropower stations will blow your mind. It contains revelation after revelation and clears the situation up. Now that Bitcoin mining is prohibited, who’s consuming that energy? How has the government decision affected private enterprises? Well, you’re not going to believe this. дальше »
2021-7-8 19:06 | |
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China Renaissance Selects Broadridge to Expand Post-trade Processing via Stock Connect
To facilitate the clearing and settlement of both Shenzhen- and Shanghai-listed equities, China Renaissance has expanded its post-trade processing relationship with Broadridge Financial Solutions, Inc.... дальше »
2021-7-7 13:09 | |
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China Shuts Down Software Maker Over Suspected Crypto-Related Activity, Issues Industry-Wide Warning
The People’s Bank of China (PBOC), the country’s central bank, has shut down a software firm over suspected involvement in cryptocurrency transactions. The central bank also warned organizations not to “provide premises, commercial display, advertising … and other services for cryptocurrency-related business activities. дальше »
2021-7-7 06:30 | |
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PBOC Issues a Warning Against Providing Advertising and Marketing Services to Crypto Businesses
The Central Bank of China canceled a Beijing company that provides software services for virtual currency transactions and closed its website as no institution may provide services to companies dealing with cryptocurrencies. дальше »
2021-7-6 21:04 | |
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UBS thinks the recent regulatory crackdown could be bad for Bitcoin (BTC)
Swiss Financial giant USB Group has expressed worry about the recent regulatory crackdown on Bitcoin (BTC/USD) and the nature of the crypto markets. The firm circulated a note last week, saying that the latest regulatory bout in China has hurt operators and prices. дальше »
2021-7-6 21:02 | |
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“Top” Bitcoin Miner Predicts Bleak Crypto Future In China
The founder of Bitcoin mining pool BTC. TOP, Jiang Zhuoer, has made another prediction on the future of this sector in China. Large BTC mining operations have been forced out of the country, as the Asian Giant crackdowns on the industry. дальше »
2021-7-6 20:44 | |
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Hellbent On Destroying Bitcoin: China Shuts Down More Companies Enabling ‘Crypto Trading Activities’
Two financial watchdogs in Beijing, the Beijing Local Financial Supervision and Administration Bureau and the Business Management Department of China’s Central Bank (PBoC) are shutting down firms that offer cryptocurrency-related services that enable crypto-trading. дальше »
2021-7-6 19:44 | |
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Swiss bank UBS says Bitcoin is ‘unsuitable’ for institutional investors
Switzerland bank UBS said in its latest note to investors that the increased crackdown on the crypto market by China makes investing in Bitcoin and other crypto-assets “unsuitable.” UBS says stiffer regulations are coming According to the note, the latest crackdown on digital assets by the Asian country has affected the value of the coins […] The post Swiss bank UBS says Bitcoin is ‘unsuitable’ for institutional investors appeared first on CryptoSlate. дальше »
2021-7-6 19:00 | |
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Western Bitcoin Miners Win Big During China Crackdown
Bitcoin mining companies in the west yield strong returns as China’s crypto mining crackdowns continue. Western Miners Rake In Big Profits During China’s Crackdown As per a report from Arcane Research, China’s crackdown on Bitcoin mining has resulted in more gains for Western miners. дальше »
2021-7-6 18:28 | |
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PBoC’s Beijing Office Cracks Down on Software Provider on Suspicion of Offering Crypto Services
Reiterating their stance on privately-issued cryptocurrencies, the Business Administration Department of the PBoC—China’s central bank, has “rectified” Beijing Tongdao Cultural Development Co. дальше »
2021-7-6 17:00 | |
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Great Migration of Bitcoin Hashpower Sees 50% Of Miners On The Move – A Look At The Magnitude Of This Event On The Market
The largest drop in Bitcoin mining hash power in history – 38% to 49% in total was experienced last week. The event has so far seen 50% of cryptocurrency miners going offline or migrating from China in huge numbers, but is, however, not forcing these miners to spend their accumulated Bitcoins as would be expected. […] дальше »
2021-7-6 16:47 | |
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China proves Bitcoin is an unstoppable machine: Bitcoin Center founder
Bitcoin’s price goes up once regulatory setbacks are digested by the crypto community, Zap Procotol co-founder Nick Spanos says.
дальше »2021-7-6 14:06 | |
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Japanese Ruling Party Official Says Digital Yen Clarity Will Be Revealed in 2022
While the U. S. ramps up discussions of a digital dollar and China’s central bank digital currency (CBDC) draws near, Japan’s CBDC, otherwise known as the digital yen, is getting closer to its realization as well. дальше »
2021-7-6 12:30 | |
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How the Great Bitcoin Miner Migration Has Impacted the Market
Bitcoin could possibly be at one of the most important moments in its history. The mining sector located in China was forced to migrate due to new regulations. These entities are responsible for protecting the network and their actions can be felt throughout the entire crypto industry. дальше »
2021-7-6 20:56 | |
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As Miners Leave Bitcoin in Droves, Space Allocation Dedicated to Filecoin and Chia Surges
While a large quantity of hashrate has stopped dedicating resources to the Bitcoin network, a great number of alternative mining ecosystems are swelling with new participants. China’s ASIC exodus has ignited a significant increase in demand for accessing storage power on both Filecoin and Chia’s proof-of-storage networks. дальше »
2021-7-6 20:00 | |
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IBC Group to end Bitcoin and Ethereum Mining in China, and Move Staff to UAE, Canada, USA, Kazakhstan, Iceland, and Various South American Countries
The IBC group has significant Bitcoin and Ethereum mining operations across China and has over 1500 people employed in more than 40 cities. The group, which has... дальше »
2021-7-6 19:08 | |
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Japan: CBDC Plans to Take Shape in Late 2022, Says Government Official
Japan’s central bank digital currency plans will reportedly take shape by the end of 2022 as CBDC development across the globe gathers pace. With China leading the charge, other major economies seem to be working towards international collaboration to counter Beijing’s national digital currency ascendency. дальше »
2021-7-5 19:00 | |
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IBC Group CEO: China’s crypto crackdown represents a ‘huge opportunity for Canada
IBC Group, a private equity firm that focuses on blockchain technology, has closed down all its Bitcoin (BTC/USD) and Ethereum (ETH/USD) mining facilities in China in response to the government’s decision to limit cryptocurrency mining. дальше »
2021-7-6 16:24 | |
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BTC Price Rallies 5% after Bitcoin Network Undergoes Biggest Difficulty Adjustment Ever
Bitcoin prices plummeted to the lower-$30K zone over the past few weeks, primarily due to China’s latest crackdown on crypto and miners. However, the coin shot up 5% to hit $34,471 on July 3, when the Bitcoin network underwent its latest two-weekly difficulty adjustment. дальше »
2021-7-5 14:30 | |
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Japan’s finance industry awaits a clearer picture of the digital yen in 2022
The digital yen should be compatible with other CBDCs to counter China’s progress with its digital yuan, one official argued.
дальше »2021-7-5 12:10 | |
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China: New CBDC Trials Indicate Pivot toward Environmental Sustainability
China’s e-yuan pilots are now focusing on going green. E-Yuan for Environmental Sustainability According to a report by Ledger Insights, China has kick-started two new pilots for its famed digital yuan. дальше »
2021-7-4 15:00 | |
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