Bitmain Redux: Bitdeer and BitFuFu Are About to Test US Stock Market's Mining Appetite

China's two biggest cloud mining platforms plan to go public on the Nasdaq via SPAC deals this year, at a time when cryptocurrency and broader markets have pulled back from their peaks.

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Chinese government increases focus on “metaverse,” eyes regulations

During China’s annual “Two Sessions,” the authorities discussed “metaverse” at a national level for the first time, with delegates calling for regulation to ensure data security and the eradication of speculation within the industry.

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Heading East in this week’s F1® Delta Time Grand Prix™!

Will this be your week to take over the tracks? Last week’s special took us into Europe but this week we will be heading East into China and Australia! Only your best performance in each track will be counted regardless of what weather you race in.

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China: CBDC makes a low key debut at Winter Olympics, two banks phase out cash

After eight years of guesses, discourse, and conflicting reports, China's digital yuan CBDC made a rather low-key debut at the 2022 Beijing Winter Olympics on 4 February. Time to introduce "yuan" selThe post China: CBDC makes a low key debut at Winter Olympics, two banks phase out cash appeared first on AMBCrypto.

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Another Entire Country Just Banned Crypto Mining

Less than one year after China announced its decision to crack down big time on crypto mining, another country has joined suit in a bid to ease soaring energy prices and blackouts. This week Kosovo, located in southeastern Europe, announced it’s banning mining after spending the last 60 days in a government state of emergency […]

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Bitcoin Wobbly as Stocks Turn Red, China Locks, Parliament Rebells and Powell

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China Weakens CNY

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Venture Investors Back More Crypto Startups In The U.S. Than Asia For First Time In 4 Years

Key takeaways CB Insights analysts found that China has lost its place in venture capital investment in crypto. VC investment in the crypto and blockchain sector has been record breaking in 2021. VCs have bet $21.

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DCG’s Barry Silbert: ‘Almost Time For China To Unban Bitcoin, Again’

Former Grayscale CEO Barry Silbert has augured China to unban Bitcoin.  The most recent limitation on Bitcoin sprang in June 2021 and Silbert thinks it’s time that China did what China does best, banning and unbanning the top crypto asset.

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India unlikely to ban crypto as it is 'old school' according to this exec

H2: Time for India to take cognizance of China's CBDC development? Nischal Shetty, the founder of India-based crypto exchange WazirX, recently spoke about the country's crypto regulations in an intThe post India unlikely to ban crypto as it is 'old school' according to this exec appeared first on AMBCrypto.

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Banks in France run 'almost 500' test cases in CBDC experiment

After the release of The Bahamian "Sand Dollar" CBDC around a year ago, China is steamrolling ahead with its own e-CNY program. Not surprisingly, other countries are feeling the time crunch. Yet, The post Banks in France run 'almost 500' test cases in CBDC experiment appeared first on AMBCrypto.

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U.S Emerges As The Global Leader In The Bitcoin Mining Industry After China’s Crackdown

China is experiencing an unprecedented challenge to its status as an undisputed crypto mining sector lodestar. New research data indicates that the United States has become the world’s largest bitcoin mining hub, overtaking China for the very first time.

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Bitcoin Miners Now Officially Prefer U.S. to China: CNBC

The U.S. has become a top destination for Bitcoin miners, outshining China for the first time, according to recent official data

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Bitcoin Is “The Loudest Monetary Fire Alarm” In Finance

Bitcoin price is above $50,000, during a time when the masses expected the top cryptocurrency by market cap to behave like a risk asset. Instead, it appears to be the one asset that has been able to survive the bearish sentiment shift due to the Evergrande situation in China. But that could be due to […]

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Why China’s Renewed Harsh Crackdown On Crypto Isn’t Stifling Bitcoin — At Least Not Yet

China is now pressing about banning crypto mining, trading, and exchanging after being hypocritical about it for quite some time as it was still being utilized despite previous limitations. And following the latest ban on crypto which now prevents exchanges from providing services to users in China, exchanges like Huobi and Binance are responding by […]

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Bitcoin’s Monthly Inflow Crosses $100 Million, Solana and Polkadot See “Outsized Inflows”

The 6th consecutive week of inflows saw crypto pulling in $95 million this time. Investors took the China dip as an opportunity to buy digital assets with Ether, a “potential environmentally alternative” to other PoS tokens.

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China's clampdown on crypto might see Singapore turn beneficiary

The People’s Bank of China (PBoC) has banned all crypto-related activities, once and for all, in its latest order. This is, perhaps, the first time the nation has outrightly declared trading in dThe post China's clampdown on crypto might see Singapore turn beneficiary appeared first on AMBCrypto.

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Ethereum Steers Into Support, Time For More Slump Or Return to Previous Highs?

Ethereum follows the general sentiment in the market and trends downwards in the daily and weekly charts. After news about a confirmed FUD on China banning crypto-related operations, a portion of the market reacted negatively and created selling pressure.

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Bitcoin drops 5% as China proclaims all crypto transactions completely illegal

For years now, China has had a difficult relationship with the crypto industry. In time, however, that relationship started getting worse and worse, especially now as the country is about to release its own cryptocurrency on a nationwide scale.

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Bitcoin Falls as Stocks Roil on China’s Property Crisis

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Bitcoin Jumps on China’s Lehman Brothers

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Bitcoin’s Difficulty Increases

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A trade war misstep? China is vacating crypto battlefield to US banks

Why is China forsaking cryptocurrencies at the same time that legacy U.S. banks, long wary of crypto, appear to be discovering its virtues?

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The Impending Dangers of China’s Digital Yuan And Why it Poses Zero Threat to Bitcoin

Of the nearly 80 countries currently interested in developing Central Bank Digital Currencies (CBDCs), China is the clear leader. China, one of the first countries to show interest in CBDCs, has also announced its plans to be using its CBDC, the digital Yuan, by the time the Olympics come around in February 2022. The People’s […]

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Is China Buying Bitcoin?

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Computing Power Tokens – A New Way to Invest

In recent weeks, the whole world has started talking about mining again. But this time with an alarm. A wave of bans and police raids on mining farms swept the world. China seems to have decided to get rid of an entire business niche.

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Digital yuan pilots expand to insurance industry for the first time

China's central bank digital currency can now be used on insurance policies that offer various levels of compensation for diagnosis of or death due to COVID-19.

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Why A Group of U.S. Senators Oppose Use of Digital Yuan in Beijing Winter Olympics

China’s central bank digital currency, the digital Yuan or e-CNY, is well on its way for full implementation. The People’s Bank of China (PBoC) release a Whitepaper with details on their CBDCs for the first time since the project was made public.

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How China’s CBDC Will Integrate Smart Contracts, Latest Progress Revealed

China’s central bank digital currency (CBDC) is moving fast towards its deployment. For the first time since the project was launched over 7 years ago, the People’s Bank of China (PBoC) has released a Whitepaper with the digital Yuan or e-CNY’s most important progress.

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Anonymous announces intent to 'wage war' against China, Elon Musk with new token

Anonymous is back! And this time, they are bringing a new token with them. Dubbed Anon Inu, the infamous hacker group - Anonymous - is in the news today after it announced its intent to "wage a warThe post Anonymous announces intent to 'wage war' against China, Elon Musk with new token appeared first on AMBCrypto.

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“More Rigid Policies Are Yet To Come,” Says Chinese Media While Beijing Subway Runs e-CNY Test

The Chinese media group Caixin Global published an editorial this week with the title, “It’s Time to Declare War on Cryptocurrency.” The editorial talks about how no other country than China has been more determined to “put an end to speculative trading of digital currencies” as the People’s Bank of China (PBOC) instructed several financial […] The post “More Rigid Policies Are Yet To Come,” Says Chinese Media While Beijing Subway Runs e-CNY Test first appeared on BitcoinExchangeGuide.

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Bitcoin block times hit lowest point in 10 years after China mining ban

Bitcoin reached its slowest block time in 10 years on June 27, in what indicates a clear consequence of China’s mining ban. The post Bitcoin block times hit lowest point in 10 years after China mining ban appeared first on CryptoSlate.

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Bitcoin ‘block times’ hit lowest point in 10 years after China mining ban

Bitcoin reached its slowest block time in 10 years on June 27, in what indicates a clear consequence of China’s mining ban. The post Bitcoin ‘block times’ hit lowest point in 10 years after China mining ban appeared first on CryptoSlate.

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Key Bitcoin price indicator flashes its ‘fifth buy signal in BTC history’

The Puell Multiple just flashed a buy signal for the fifth time in BTC’s history, but its creator cautions that a plunging hashrate and China’s miner purge are important factors to consider.

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Is It Time To Sell Your Bitcoin? Jim Cramer Says It Is

Jim Cramer has disclosed that he has sold “almost all” of his bitcoin holdings. According to Cramer, he said the reason he sold was due to issues surrounding the asset. He cited the recent China crackdowns on mining as one of the reasons he got out.

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Binance Coin, MATIC, Litecoin Price Analysis: 23 June

China’s attempt to clamp down on crypto-trading negatively impacted altcoins, an action that fueled a hike in price volatility over the week. At press time, as Bitcoin’s price recovered by 7.5%, mThe post Binance Coin, MATIC, Litecoin Price Analysis: 23 June appeared first on AMBCrypto.

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Should you buy Ethereum? The recent drop to $1,800 could lead to large gains by the end of 2021

Ethereum ETH/USD has dropped under $1,800 in June of 2021. The last time it traded below $1,800 was on March 29. China broadened its crackdown on the massive cryptocurrency mining industry by banning mines in a key southwest province known as Sichuan, where they ordered the closure of 26 mines.

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Alipay, banks, and lenders join PBoC in boycotting crypto

China recently cracked down on cryptocurrencies once again, this time by essentially kicking out Bitcoin miners. The move caused the BTC/USD price to crash over the last week, and particularly over the weekend.

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China Back on Attack Mode, Internet Blocking Exchanges & Bitcoin Miners Ordered to Shut Down

This time, Bitcoin price is not responding to the reports of a crackdown from China which extends beyond the crypto sector, ahead of the 100th anniversary of the ruling Communist Party on July 1, trading around $36,500.

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China’s Ban: Crypto and Crypto Mining May Be In A New Era

Last week, a State Council committee led by China’s Vice Premier Liu He announced that, for the first time, China is placing an elaborate ban on cryptocurrency mining, a big business in China that accounts for as much as 70% of the world’s crypto supply.

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Amid ongoing Chinese restrictions of crypto, is it wise to buy NEO and TRON?

As of recently, China restricted financial institutions and really any payment company from providing services that are related to cryptocurrency transactions. However, this might not be as serious as you think, as it is not the first time China has attempted to restrict the trading market.

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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.

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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.

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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.

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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.

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Bitcoin Miners Moving Away from China, F2Pool Observes

For the first time in eight years, more hash rate was channeled from outside of China, the operator of one of the world’s oldest Bitcoin mining pool, F2Pool, notes as per a tweet on May 4. Bitcoin Hash Rate: The Shift in Distribution Bitcoin’s autonomy is because miners willingly channel computing power using expensive andRead More

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China Calls Bitcoin and Stablecoins ‘Investment Alternatives’ for the First Time Since Crypto Crackdown

After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC).

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Why A Central Bank of China Official Said Bitcoin Has Major Role in the Future

For the first time, a Chinese government official has recognized the value of Bitcoin and other cryptocurrencies. The People’s Bank of China Deputy Governor, Li Bo, called these assets an important part of the future at the Boao Forum for Asia, per a report by Colin Wu.

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Chinese city to issue $3 million in digital Yuan in pilot giveaway

For the third time, China's southeastern city of Shenzhen will issue the nation’s digital currency as part of an ongoing pilot program to test China’s central bank project among its citizens.  The post Chinese city to issue $3 million in digital Yuan in pilot giveaway appeared first on AMBCrypto.

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