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China Announces Huge Crackdown on Cryptocurrency Mining
According to a new announcement by the Chinese government, the country is looking to crack down on cryptocurrency mining. The Thursday statement, penned by the State Council’s Financial Stability and Development Committee chaired by Vice-Premier Liu He, comes just three days after regulators banned any financial institutions from doing any business related to cryptocurrencies. дальше »
2021-6-8 17:44 | |
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Bybit To Close All Accounts Registered To Chinese Phone Numbers On June 15th
Bybit, a popular crypto derivatives exchange that originated from China has announced it would be terminating all accounts registered with a Chinese phone number by June 15. Termination Is In Response To Chinese Authorities Crypto Crackdown Bybit, a prominent crypto derivatives exchange based in China, has announced that all accounts registered with a Chinese phone […] дальше »
2021-5-26 17:09 | |
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One River Files for a Carbon-Neutral Bitcoin ETF
From China to Iran, regulators are increasingly scrutinizing Bitcoin miners’ electricity consumption and environmental impact. This appears to have inspired several firms considering the launch of a Bitcoin ETF to leverage this narrative. дальше »
2021-5-26 13:01 | |
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North American miners form ‘Bitcoin Mining Council’ with Elon Musk
While the Bitcoin miners in China reel from the after-effects of the country’s latest crypto attack, miners on the other side of the planet are reportedly forming a new council to promote sustainable mining. дальше »
2021-5-26 12:00 | |
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China’s Ban On Mining Is Changing Crypto’s Landscape
China announced last week that financial institutions in the country would no longer be able to sell Bitcoin services, and that mining would be prohibited. Many in the Bitcoin community, including this paper, reacted with skepticism to the news, noting that China has previously “banned” its companies from using Bitcoin with little effect, and that […] дальше »
2021-5-25 02:20 | |
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Why The Recent China FUD Is Bullish For Bitcoin
Bitcoin price has now tanked by more than 50% from top to bottom, assuming that the bottom is in. The storm of pain for investors has come due to a series of FUD, capped off by China’s strictest stance against crypto yet. дальше »
2021-5-24 18:14 | |
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Chinese Crypto Miners Panic Sold, But Most Are Still Awaiting for Clarity from the Govt.
This changes nothing, with fundamentals remaining stronger than ever. It is rather a massive opportunity to make Bitcoin green & even more decentralized by having a new wave of mining operators outside of China using renewable energy The post Chinese Crypto Miners Panic Sold, But Most Are Still Awaiting for Clarity from the Govt. first appeared on BitcoinExchangeGuide. дальше »
2021-5-24 17:50 | |
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Top Bitcoin Miner Explains Implications Of China’s New Policies Against This Sector
China is set to clarify its new policy for the Bitcoin mining sector in the coming weeks. For the first time, a high-ranking Chinese government official has spoken about a change in the status quo that rules this BTC mining. дальше »
2021-5-24 17:16 | |
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Bitcoin Mining Operations Btc.top and Hashcow Cease Offering Services in China
Following some stern warnings from a few major trade associations and regulators in China, two prominent exchanges, Huobi and Okex, have stopped offering services to Chinese residents. After the two exchanges halted specific services to residents of mainland China, two bitcoin mining operations have also abandoned the country on Monday. Btc.top and Hashcow have suspended […] дальше »
2021-5-24 16:30 | |
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Here’s All You Need to Know About the China Bitcoin Mining FUD
While the price of bitcoin (BTC) and ether (ETH) have managed to rise by 4.42 percent and 8.71 percent respectively in the past 24-hours, some traders are of the opinion that the bloodbath may not be over just yet, as there is still widespread fear uncertainty and doubt in the hearts of Chinese cryptomarkets participantsRead More дальше »
2021-5-24 16:00 | |
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China FUD: Huobi Running Normally, OKEx Walks Back on C2C Trading Suspension
China FUD reached its crescendo when the market dumped over the weekend, wiping out a trillion dollars in the process. Altcoins took the biggest hit, with a vast majority losing more than 90% of their value. дальше »
2021-5-24 15:42 | |
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It’s not the first time – HSBC responds to China’s recent crypto regulation
According to Paul Mackel, global head of FX research for HSBC, the latest move by China to clamp down on cryptocurrency trading is not a “new development” He stated that the country has always put a strong regulatory framework on cryptocurrencies. дальше »
2021-5-24 14:45 | |
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Are China’s Miners Relocating To Other Countries? Are They Selling Their BTC?
Bitcoin can’t catch a break. The attack continues. In China, the miners are running for their livelihood. The country pledged carbon neutrality by 2060, and they seem to think Bitcoin mining is in its way. дальше »
2021-5-24 14:00 | |
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‘Greenish’ Cardano Next Most Likely To Hit $100 Billion Market Valuation
The cryptoverse is back to its red days. No thanks to China’s clampdown, Elon Musk’s newfound ‘green’ love, and the millions of short-term ‘panic’ investors pulling the red carpet from under cryptocurrency’s feet at the first honk of the dip horn. дальше »
2021-5-24 10:46 | |
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‘Greenish’ Cardano Next Most Likely To Hit $100 Million Market Valuation
The cryptoverse is back to its red days. No thanks to China’s clampdown, Elon Musk’s newfound ‘green’ love, and the millions of short-term ‘panic’ investors pulling the red carpet from under cryptocurrency’s feet at the first honk of the dip horn. дальше »
2021-5-24 10:46 | |
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Amid Stern Warnings from China Crypto Firms Huobi and Okex Halt a Few Services
On Friday, the cryptocurrency community discussed a report stemming from China’s 51st meeting of the Central Financial and Economic Affairs Commission that reiterated warnings about bitcoin mining. дальше »
2021-5-24 07:00 | |
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Crypto Market Forecast: Week of May 24th 2021
A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin slides as China promises a "crackdown" on Bitcoin mining, Bitcoin flows from private wallets onto exchanges, and Ethereum secretly fixes a vulnerability. дальше »
2021-5-24 04:00 | |
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DEX Field-Leading Project PandaSwap will Launch on OKExChain Soon
Press Release: Decentralized exchange (DEX) field-leading project, PandaSwap, was confirmed as 1 of 20 joint beta event projects on OKExChain and is set to launch imminently. 24th May 2021, Chengdu, China: Despite the recent fall into a bear market, the crypto space continues to evolve and consistently inspires innovation. дальше »
2021-5-24 00:30 | |
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Huobi Halts Futures Trading Services, Mining Pool in China as Regulatory Pressures Mount
Per Bloomberg, cryptocurrency exchange Huobi began blocking its Chinese customers from being able to access some of their services. When China banned crypto exchanges back in 2017, Huobi moved its operations overseas to Hong Kong, Singapore, and South Korea, among others. дальше »
2021-5-24 21:06 | |
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DEX Field-Leading Project PandaSwap will Launch on OKExChain Soon
Press Release: Decentralized exchange (DEX) field-leading project, PandaSwap, was confirmed as 1 of 20 joint beta event projects on OKExChain and is set to launch imminently. 24th May 2021, Chengdu, China: Despite the recent fall into a bear market, the crypto space continues to evolve and consistently inspires innovation. дальше »
2021-5-24 19:09 | |
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China’s Absolute Control Over Digital Yuan Will Boost Demand for Cryptocurrencies, Says Analyst
China’s push for the digital yuan will boost demand for cryptocurrencies, according to an analyst at BK Asset Management, citing that the Chinese government wants “absolute power” over the wealth and income of its citizens. дальше »
2021-5-23 19:00 | |
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MicroStrategy’s Saylor On Why China Banning Bitcoin Mining Completely Could Ignite The Most Bullish Cycle
The Chinese government has made its intention to crack down on Bitcoin mining public, with Premier Liu He announcing as much this Friday. The world’s most expensive digital currency has undergone a massive bearish move over the past week, with Elon Musk poking a hole in pertinent affairs and news of China’s strengthened stance breaking […] дальше »
2021-5-22 18:06 | |
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December 2013 Was The First Time China Banned Bitcoin; They Hit A Hattrick This Week
At the beginning of 2013, BTC price was worth less than $15, which surged to $260 in April only to be back at $80 next month. Two months before China first struck, in October the same year, BTC price was under $90 to top out at $1,165 next month only to be back at $385 in mid-Dec. дальше »
2021-5-22 16:23 | |
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China Turns Attention to Bitcoin Mining as Crackdown Continues
China has announced that it will be cracking down on bitcoin mining within the country, in an attempt to protect the country's financial system while reducing carbon emissions. The post China Turns Attention to Bitcoin Mining as Crackdown Continues appeared first on BeInCrypto. дальше »
2021-5-22 15:58 | |
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How Another Chinese Power Outage May Have Led to Bitcoin’s Flash Crash This Week
Earlier in April, an accident at a Chinese coal mine in Xinjiang sent Bitcoin network’s hash rate plummeting 30% in a span of a day, which crippled the major cryptocurrency’s rally. Now, Bitcoin’s hash rate is suffering a similar loss as miners based in Sichuan, China face limitations on power usage. The State Grid in […] дальше »
2021-5-22 05:02 | |
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Futu to Add Cryptocurrency Trading in U.S, Singapore and Hong Kong
Futu, one of the leading trading brokerages in China, revealed its plans to offer cryptocurrency trading later this year. In its earnings call earlier this Wednesday, senior vice president Robin Li Xu told analysts that Futu would be applying for digital-currency related licenses in the United States, Singapore, and Hong Kong. Despite these changes, crypto […] дальше »
2021-5-22 02:56 | |
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Market Bloodbath Continues as Chinese Government Mulls Banning Bitcoin Mining Activities
The Chinese government has doubled down on its anti-cryptocurrency regulations. Recent reports reveal that government officials called for a crackdown on bitcoin trading and mining activities. Another China FUD? In a meeting held on Friday (May 21, 2021), the Financial Stability and Development Committee of the State Council, headed by Liu He, vice Premier ofRead More дальше »
2021-5-22 01:00 | |
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‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector
A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the sector closely. The report follows a recent article from Reuters published three days ago, which also reiterates China’s older warnings against the crypto industry. дальше »
2021-5-22 21:00 | |
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Bearish Rumble Intensifies As China Moves To Crack Down On Bitcoin Mining and Trading Activities
China appears to be ready to go to war with Bitcoin and other cryptocurrencies just about a month removed from changing its stance on digital assets. Earlier this week, it was reported that the country had banned financial institutions from conducting any crypto transactions but subsequent claims pointed out that the powers that be are […] дальше »
2021-5-22 20:25 | |
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Futu set to offer crypto services in the US, Singapore, and Hong Kong
Futu Holdings Ltd., a rapidly growing crypto brokerage firm in China, is planning to offer crypto trading to international clients before the end of the year. The company unveiled this news during its Q1 earnings call on May 20, with its Senior Vice President Robin Li Xu, disclosing that the firm has already started applying […] The post Futu set to offer crypto services in the US, Singapore, and Hong Kong appeared first on Invezz. дальше »
2021-5-22 20:18 | |
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Breaking: China Bans Crypto For the 100th Time; Hong Kong Proposal Seeks to Restrict Retail Traders From Exchanges
Cryptocurrency exchanges in Hong Kong are set to be prohibited from offering services to retail crypto traders following a new government proposal. Hong Kong Floats New Proposal On Licensing Crypto Firms The legislative proposal, which Hong Kong's Financial Services and Treasury Bureau (FSTB) floated, has now moved past its consultation period, Reuters report. дальше »
2021-5-22 19:42 | |
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aelf Leading Blockchain Technology Innovation Center in Tianjin
Coinspeaker aelf Leading Blockchain Technology Innovation Center in Tianjin China has adopted aelf Enterprise as the first underlying infrastructure of the blockchain to meet the needs of Tianjin's blockchain technology application in the future. дальше »
2021-5-23 16:47 | |
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MSFT Stock on Rise Now after Microsoft Pens New Deal to Enter Grocery Tech Market in China
Coinspeaker MSFT Stock on Rise Now after Microsoft Pens New Deal to Enter Grocery Tech Market in China Microsoft’s deal with Hanshow is its latest attempt to grab a piece of the booming retail industry. дальше »
2021-5-23 16:31 | |
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China’s Blockchain Stocks Remain Unscathed Amid the Bitcoin Market Crash
China’s blockchain-linked stocks remain undisrupted by the chaos surrounding the general cryptocurrency market. The eight Chinese A-share equities connected to the blockchain technology behind cryptocurrencies are down less than 2% in Singapore on Thursday. дальше »
2021-5-21 23:00 | |
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Bitcoin Hashrate Slides- Low BTC Prices, Sichuan Wet Season, Upcoming Difficulty Spike to Blame
While bitcoin prices plummeted this week, the network’s hashrate has also dropped considerably since tapping a high on May 9. Since then, the hashrate has seen swings between 10-15% because of the crypto market downturn, alleged issues with power outages in Sichuan, China, and the upcoming difficulty change. дальше »
2021-5-20 22:00 | |
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BIC’s Video News Show: Bitcoin Crash
Host Jessica Walker will address bitcoin’s recent crash. We will look at its causes, including China’s recent crypto ban, and Tesla dropping Bitcoin payments, then discuss what could be next. The post BIC’s Video News Show: Bitcoin Crash appeared first on BeInCrypto. дальше »
2021-5-21 21:56 | |
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China and Japan Leading CBDC Proof-of-Concept Programs: Bison Trails Report
Central bank digital currencies (CBDCs) are rapidly moving towards global implementation, per a report from Bison Trails. According to the blockchain startup, several countries are exploring the use cases for CBDCs. дальше »
2021-5-20 19:32 | |
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Bitcoin Hash Rate Takes Another Hit as Inner Mongolia Crypto Mining Shut Down Goes into Effect
This is positive for the crypto industry because Inner Mongolia is China’s second-largest coal producer, and such a move will push Bitcoin miners towards using renewable sources. The post Bitcoin Hash Rate Takes Another Hit as Inner Mongolia Crypto Mining Shut Down Goes into Effect first appeared on BitcoinExchangeGuide. дальше »
2021-5-20 18:09 | |
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