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Regulatory Roundup: Germany to Let Banks Sell and Store Crypto, Laws Changing in Asia
2.12.2019
Some major regulatory developments in the crypto space have transpired this week. Not only has Germany passed a bill allowing banks to sell and store cryptocurrencies, but South Korea and Thailand are also amending their laws to better regulate the crypto industry. We also cover crypto news...
Crypto Exchange Huobi Strengthens Ties With China
2.12.2019
Major cryptocurrency exchange Huobi may finally be returning to the fold in China, over two years after a Beijing crypto crackdown forced domestic trading platforms out of the country.
Per Chinese media outlet Fn.com, Huobi China has joined a state-endorsed blockchain alliance named the Blockchain...
Despite Bitcoin’s Price Drop, High-Powered Mining Rigs Still Profit
1.12.2019
Since BTC prices slid below the $8K price range, mining operations have been making less revenue. On Sunday, December 1, only 13 mining rigs with an average electricity cost of $0.12 per kWh are profiting at current prices. Of course, miners from China and other regions pay far less per kWh...
‘In Small Steps’ China Cuts Benchmark Interest Rates
1.12.2019
Careful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently to encourage bank lending and borrowing in the private sector. With a brewing liquidity crisis...
Why Eurasian Debt, Economic Uncertainty Make a Bull Case for Bitcoin
30.11.2019
Talk of the need for “a new, neutral global reserve asset” is ongoing at the heart of the traditional financial sphere
US and China Battle for Blockchain Dominance
29.11.2019
The US is losing China for blockchain dominance, as the number of blockchain-related patents shows
China: 5 Crypto Exchanges Halt or Shut Services Amid Perceived Crackdown
29.11.2019
At least five Chinese cryptocurrency exchanges have chosen to suspend or end services in line with Beijing’s purportedly toughened stance
Crypto Employees in China Work From Home to Avoid Government Pressure
29.11.2019
Not too long after embracing blockchain, Beijing has made it clear, one way or the other, that it didn’t mean Bitcoin. Increased scrutiny over the cryptocurrency sector and harsh measures against some companies have been implemented to supposedly protect citizens from scams. Sources say...
Little-Known Crypto Exchange With Ties to a Shanghai Firm Halts Services, Says CEO ‘Missing’
29.11.2019
IDAX, an obscure crypto exchange linked to a Shanghai firm, says its "global CEO has gone missing" and has halted services
China: Crypto Exchange IDAX Locks up Cold Wallet as CEO ‘Goes Missing’
29.11.2019
IDAX exchange halts deposits and withdrawals after CEO vanishes
Is Plustoken to Blame for Bitcoin’s Sell-Off?
29.11.2019
Armchair theorists love postulating the reasons behind bitcoin’s latest price rise or sell-off. From China FUD to exchange hacks, anything and everything is fair game for blame. Plustoken is the latest bitcoin bear-maker that’s being credited with the last three months of downward price...
US Fed Weighs Up Potential CBDC as Countermove Against China
28.11.2019
Fed Chairman Jay Powell puts the agency’s economic theories on display in a recent letter to U.S. representatives asking: “What about a USD stablecoin?”
KPMG Launches DLT Supply Chain Tool in Australia, China and Japan
28.11.2019
KPMG’s new blockchain-based track and trace platform to increase the transparency of supply chains in Australia, China and Japan
Another Bank Run Highlights China’s Brewing Financial Crisis
28.11.2019
A regional lender has become the latest victim of the growing liquidity crunch in the world’s most populous country. Yingkou Coastal Bank, operating in the northeastern Chinese province of Liaoning, is the second institution within less than a month to see its financial stability threatened...
First Five Victims of Renewed China's Crackdown on Crypto Announced
28.11.2019
Recently, at least five local Chinese crypto exchanges have halted operations or announced they will no longer serve domestic users as the country started a new crackdown on crypto trading.
Last week, Chinese exchange operators Bitsoda and Akdex announced termination of service, according...
Former PBoC Head: China’s Digital Yuan Will Favor Payments and Retail
26.11.2019
Longest-serving PBoC governor says China will continue to focus on its digital yuan as a mechanism for domestic retail systems and payment
China’s Digital Yuan Will Target Retail Payments First, Ex-Central Banker Says
26.11.2019
Former PBoC head Xiaochuan Zhou says the digital yuan will enable retail payments first, but might need a different technical design for cross-border payments
Gold and Silver Follow Similar Trend to Bitcoin, React to News About China
26.11.2019
With crypto prices moving after almost every positive or negative bit of news related to China, gold and silver markets have been reacting to such events as well. With some exceptions, the overall trend in their value has been negative since September. The prospects of both digital coins...
Goldman Sachs Alumnus: China Will Eventually Legalize Crypto Exchanges
26.11.2019
Before China legalizes cryptocurrency exchanges, crypto must become "a real asset class," according to a co-founder of a Singapore based hedge fund, Spartan Capital.
“There is nothing sinister or worrying about this round of crackdown, nor is this the first time it has happened in China,” but...
4 Possible Reasons Bitcoin Dropped to $6.5K, According to VanEck Exec
26.11.2019
China and taxes may be behind $6,500 Bitcoin price drop