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SparkPool ETH Miner Shuts Its Business Post Crypto Ban in China
30.9.2021
SparkPool, considered to be one of the world’s largest miners of Ethereum, has just ceased operations as China’s crackdown intensifies. The mining pool of Ethereum shut down in China in the wake of the country’s decision to ban cryptocurrencies. This follows the People’s...
CoinEx crypto exchange to remove all mainland China users in October
30.9.2021
CoinEx previously blocked access and terminated the registration of new users from mainland China in March 2019
‘Faster and Cheaper Cross-Border Transfers’ — Banking Report Led by BIS Highlights the Benefits of Cryptocurrency
30.9.2021
According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the banking group leveraged a prototype that shows how money transfers can be done in seconds with very...
China's crypto holdouts: Bitcoin nodes and OTC desks struggle on
30.9.2021
There are still a handful of Bitcoin nodes hanging on in China and OTC trading remains viable, but it may not be for long
Tesla CEO Elon Musk Opposes Governments Regulating Crypto, Says They Should ‘Do Nothing’
30.9.2021
Tesla CEO Elon Musk thinks governments should not try to regulate cryptocurrency. “I would say, do nothing,” he recommended. Musk believes that it is not possible to destroy crypto, but governments can “slow down its advancement.” Elon Musk Says Governments Should...
Miami Mayor: China’s Crypto Crackdown ‘Creates Incredible Opportunity for America’ in Bitcoin Mining
30.9.2021
The mayor of Miami, Florida, sees China’s cryptocurrency crackdown as “the turning point” that “creates an incredible opportunity for America.” He said: “Their loss is our gain and America can and will lead the future by providing a clean power home...
DYDX gains 80% in a week — What's driving the DEX token rally?
29.9.2021
Traders raised their bids for the decentralized exchange token, believing it would benefit from China's decision to classify all crypto transactions as "illegal."
Bitcoin 'FOMO rally' long overdue that could see BTC price top $200K — Bobby Lee
29.9.2021
An unapologetically bullish Bobby Lee takes to mainstream media to dispel any hint of doubt about what's next for Bitcoin price action
Crypto is impossible to destroy, says Tesla CEO Elon Musk
29.9.2021
The decentralized nature of cryptocurrencies may be a challenge for the Chinese government, Elon Musk suggested
Alibaba Suspends Sale of Cryptocurrency Mining Hardware on Its Platform
29.9.2021
Alibaba, the Chinese e-commerce giant, has announced it will no longer allow the sale of cryptocurrency mining gear on its platform. The sales behemoth made this announcement yesterday via its official website. The move is a direct consequence of the latest ban the Chinese government has applied...
China’s Great Firewall Censors Crypto Websites Coingecko, Coinmarketcap, Tradingview
29.9.2021
On September 28, reports stemming from social media and crypto-focused forums detailed that China has been blocking a number of cryptocurrency websites. The Twitter handle for 8btc News tweeted that the web portals coinmarketcap.com and coingecko.com have been blocked from mainland China....
Another Ethereum mining pool forced to close due to China crackdown
29.9.2021
Beepool, the fourth largest Ethereum mining pool will shut down operations following Beijing’s anti crypto posture
Signs of fear emerge as Ethereum price drops below $3,000 again
28.9.2021
Traders have yet to flip bearish on Ether price, but the recurrent drops below $3,000 increase the likelihood of a sentiment flip
Alibaba to ban crypto miner sales amid Chinese crackdown
28.9.2021
Any sellers that list crypto miners or relevant products on Alibaba’s platforms after Oct. 15 will face significant penalties
Multiple CBDC Platform May Cut Int Payment Costs By Up To Half - BIS
28.9.2021
Hong Kong Monetary Authority, the Bank of Thailand, the Digital Currency Institute of the People's Bank of China, and the Central Bank of the United Arab Emirates.“The prototype is part of our efforts to design
Institutional investors bought the dip as China FUD broke
28.9.2021
While institutional Bitcoin products have experienced outflows for 13 of the past 17 weeks, the sector has now seen three straight weeks of inflows
‘Who Holds All the Bitcoin’ List Debunked — Without Cryptographic Proof No BTC Ownership Claim Holds Water
27.9.2021
A web portal that displays a list of alleged owners of all the bitcoin in the world has been shared a great deal since China cracked down on crypto trading last week. The web portal claims that the Chinese government owns 194,775 bitcoin that reportedly stem from the Plustoken crypto scam....
Law Decoded: China FUD and false dichotomies, Sept. 20–27
27.9.2021
Many in the crypto space are calling for the U.S. to assert its foundational principles by implementing crypto policies in opposition to China
Major Crypto Exchanges Cut Ties With Chinese Users After China’s Latest Crackdown on Cryptocurrency
27.9.2021
Major cryptocurrency exchanges are cutting ties with users in China following the latest crypto crackdown announcement by the Chinese government. Huobi has stopped letting new users in China sign up for its services while Binance has blocked account registrations using Chinese mobile phone numbers....
Second-largest Ethereum mining pool to suspend all operations
27.9.2021
Launched in China in 2018, SparkPool controls over 22% of Ether’s hashrate as of today, second only to Ethermine