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China’s Qinghai Province Instructs Bitcoin Mining Operations to Shut Down
10.6.2021
Following the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate. Similarly, the Qinghai Industry and Information Technology...
Proposed New York Bitcoin mining ban watered down to allow green projects
10.6.2021
New York senators have amended a proposal to ban all crypto mining for three years, and are now seeking to only stop mining firms backed by carbon-based fuel sources
Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down
9.6.2021
An official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down. China’s province of Xinjiang is a highly concentrated region of bitcoin miners and bitcoin...
NYAG Court Order to Shut Down Coinseed Succeeds, CEO Creates Profanity Token for Attorney General
9.6.2021
The crypto trading platform Coinseed is shutting down operations according to a written statement from the company’s CEO Delgerdalai Davaasambuu. A court order secured by New York Attorney General Letitia James told Coinseed to halt all of its operations. Following the announcement of...
Crypto investment platform Coinseed shuts down amid NYAG lawsuit
8.6.2021
Coinseed also created an ERC-20 token whose message is targeted at New York Attorney General Letitia James
As Crypto Interest Winds Down Bitcoin’s Daily Transaction Rate Plummets to Two-Year Lows
8.6.2021
Onchain data indicates that bitcoin transactions per day have plummeted to lows not seen since October 2018. Further, bitcoin transaction fees have dropped 93% after touching a high of $62 per transaction in April 2021. Bitcoin Daily Transaction Rate Dips by 35%, Google Trends Data Shows Interest...
Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance
7.6.2021
Sina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more...
Kalashnikov Wants to Shoot Down SWIFT and Switch to ‘Digital Currency’
5.6.2021
The owner of Kalashnikov, the firm that created the AK-47 assault rifle, wants to uncouple from the SWIFT international payments network and banking sector-controlled payments and make use of “digital currencies” – presumably crypto in this case – instead.
According to the news agency TASS,...
We tracked down the original Bitcoin Lambo guy
4.6.2021
Bitcoin Dips as Elon Musk Tweets Broken Heart Emoji
4.6.2021
The price of the leading cryptocurrency took a hit after billionaire Elon Musk mentioned Bitcoin in a new tweet hinting at a breakup. Musk’s latest crypto post, featuring a broken heart emoji and a reference to a Linkin Park song, effectively halted this week’s market rebound. Musk...
Study Shows NFT Sales Plummeted 90% Over the Last 30 Days, NFT Wallets Dip 70%
4.6.2021
According to a recent study, non-fungible token (NFT) sales have dive-bombed 90% since the market’s record sales on May 3. Market data shows over 130,000 NFT sales that day and 30 days later sales are down to a touch over 84,000, dropping more than 35% last month. Protos.com Study Claims...
QE Begins to Slow — Federal Reserve Reveals Winding Down of Corporate Bond Purchases
3.6.2021
On Wednesday, the U.S. Federal Reserve announced it would be winding down its corporate bond purchases and selling part of its portfolio. The central bank plans to start with exchange-traded funds and then move on to bonds as the Fed insists “sales will be gradual and orderly.” Federal...
NFT sales down 90% since market peak
3.6.2021
The sharp decline in NFT sales and wallet activity has some people proclaiming the death of the non-fungible token space
Guggenheim Doubles Down On Its Bitcoin Plans
2.6.2021
Scott Minerd, CIO of Guggenheim Partners. Source: A video screenshot, Youtube/ Bloomberg Markets and Finance
Guggenheim Active Allocation Fund, controlled by global investment and advisory firm Guggenheim Partners, has announced plans to launch a new fund that may seek investment exposure...
Tiger Brokers and Futu to Offer Crypto Trading Services Outside China
1.6.2021
Two Chinese online brokerages have set out to enter the global crypto trading market. The platforms, Tiger Brokers and Futu, are planning to offer their services only outside the People’s Republic as Beijing is once again cracking down on bitcoin trading in the country. Major Chinese Online...
CSS :is
31.5.2021
There are scores of developers who hate CSS; don’t get it, don’t want to get it, etc. Most of that is either down to inefficiencies within the language or misunderstanding of how to properly construct a website structure. I mostly love CSS but there are some parts of the language that...
Sichuan Energy Officials Plan to Meet in June to Discuss Bitcoin Mining Implications
31.5.2021
Ever since government officials in China started talking about cracking down on bitcoin mining and reiterating crypto guidelines from 2017, digital currency proponents and the media have been focused on this region. Just recently, a Chinese state-backed online publication revealed that the Sichuan...
Spiral Out — Using the Golden Ratio and Fibonacci sequence to Predict Bitcoin Price Cycles
29.5.2021
The leading crypto asset bitcoin has seen its value drop more than 53% from its all-time high above the $64k handle, sliding to a low of $30k on May 19. While bitcoin is still down 25% during the last 30 days, it’s hard to forecast where bitcoin’s value is going from here. Although...
Ark Invest CEO Says Impossible to Shut Down Bitcoin — Regulators Will Become More Friendly Over Time
29.5.2021
The CEO of Ark Investment Management (Ark Invest), Cathie Wood, says regulators cannot shut down bitcoin. She added that they will become more friendly towards cryptocurrencies over time. Wood is not the only one who thinks that governments cannot shut down bitcoin. Regulators Cannot Shut Down...
Crypto derivatives market down but not out as $3B expiry sours the mood
28.5.2021
The spot price crash reveals a high correlation with the derivatives markets as nearly $3 billion worth of options stand to expire in May