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Despite the Crackdown, Crypto Fraudsters Still Run Amok in China
6.7.2021
Against all odds, crypto fraud is reportedly on the rise in China, where a massive crackdown on mining, trading and crypto brokerage services appears to have failed to deter those hoping to get rich quick from crypto-themed schemes.
Per the 21st Century Business Herald, a woman this month fell...
From mining to software: China's regulatory crackdown on crypto continues
6.7.2021
Financial institutions, crypto miners, and now software companies — where will regulators in China move to strike next?
Censorship resistance: Hong Kong's Apple Daily archives preserved by artist Kevin Abosch
6.7.2021
When 20 years of pro-democracy journalism is under threat, blockchain's potential for censorship-resistance is brought into focus
China proves Bitcoin is an unstoppable machine: Bitcoin Center founder
6.7.2021
Bitcoin price goes up once regulatory setbacks are digested by the crypto community, Zap Procotol co-founder Nick Spanos says
Japanese Ruling Party Official Says Digital Yen Clarity Will Be Revealed in 2022
6.7.2021
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. Japan’s ruling Liberal Democratic Party member, Hideki Murai...
As Miners Leave Bitcoin in Droves, Space Allocation Dedicated to Filecoin and Chia Surges
5.7.2021
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...
China crypto ban a ‘huge opportunity for Canada,’ mining group head says
5.7.2021
The diversified location of Bitcoin mining facilities following China's crackdown is great news for the rest of the world, iMining CEO Khurram Shroff says
Japan’s finance industry awaits clearer picture of digital yen in 2022
5.7.2021
The digital yen should be compatible with other CBDCs to counter China’s progress with its digital yuan, one official argued
China Is Not Done Yet With Its Crackdown On Crypto Mining - Researcher
5.7.2021
China appears ready to declare victory in its war with crypto miners – and could be prepared to issue a coup de grace in a bid to banish Bitcoin (BTC) mining from its shores once and for all.
Per a report from the Economic Times – republished by the People’s Daily, the mouthpiece of the Chinese...
Bitcoin Mining Profitability to Rise 35% While Ousted Chinese Miners Face Delays Relocating
4.7.2021
Analysts are predicting a rise in Bitcoin mining profitability of about 35% during the short term. This would be the effect of the bitcoin mining crackdown in China. Since the crackdown happened, a significant portion of hashrate stemming from the Bitcoin network disappeared. Ousted miners...
Brian Armstrong Meets With Fed Chair Jerome Powell – ‘US Needs to Be a Major Crypto Player to Stay Relevant’
4.7.2021
According to Jerome Powell’s conference calendar, the CEO of Coinbase, Brian Armstrong, met with the Federal Reserve chairman and former House of Representatives Speaker Paul Ryan to speak about the implications of digital currencies. The meeting’s details are unclear but most of...
‘We Want You,’ Pro-Bitcoin Senator Cynthia Lummis Invites Crypto Miners to Wyoming
4.7.2021
U.S. lawmaker and bitcoin advocate Cynthia Lummis has indicated that cryptocurrency miners are welcome in Wyoming. In a recent interview, the senator defended bitcoin’s carbon footprint and later invited miners to her home state on social media. Crypto Mining Adapted to Non-Carbon Emitting...
Huobi imposes 24 hr crypto withdrawal delay to dampen speculation
2.7.2021
The exchange's decision aligns squarely with Beijing's ongoing and multi-pronged crackdown on the country's cryptocurrency investors in its attempt to prevent both capital outflows and volatility in the crypto sector
Shanghai Man: Fight crypto like COVID-19 urges Global Times, hydro power plants popular ...
2.7.2021
The country celebrates 100 years of Communist Party rule, pressure may be released as the economy goes back to status quo, Beijing subway now trialing e-CNY
Bulls and bears fight over $34K Bitcoin price as $445M options expiry looms
1.7.2021
Bitcoin bears could take a $31-million lead if BTC falls below $33,000 by Friday’s options expiry, but at the moment, both sides are balanced
Kazakhstan to introduce new energy fees for crypto miners in 2022
1.7.2021
The new law introduces an additional tax levy for energy used by crypto miners starting from January 2022
China's miner exodus a ‘big net positive for crypto,’ Mike Novogratz says
1.7.2021
Despite China's undermining, Bitcoin still exists and survives in lots of ways, Galaxy Digital's CEO says
Beijing and Suzhou Railways Now Accept Digital Yuan Payments for Ride Fares
1.7.2021
Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan...
Kazakhstan Introduces Surcharge for Electricity Used by Crypto Miners
1.7.2021
Cryptocurrency miners in Kazakhstan will pay more than other consumers for the electricity they use to mint digital coins. The country’s president has signed a law that imposes an additional fee for the power utilized by the energy intensive industry. Coin Miners in Kazakhstan to Pay Extra...
Celsius users to receive yield from its $200M Bitcoin mining investment
1.7.2021
“There’s nothing better than building a factory that makes Bitcoin,” said Celsius CEO, Alex Mashinsky