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Nalezeno "Bitcoin News": 6603

South Korea Mulls Singapore-style Approach to Crypto Regulation

22.6.2021
Singapore. The South Korean financial regulator is looking to Singapore for inspiration as it forms new crypto sector policies, sparking anticipation that it may look to adopt a similar system. Singapore is known for having one of the most progressive approaches to crypto regulation in the world...

Salvadorian Media Takes Dim View of Brock Pierce and ‘Bitcoin Delegation’

21.6.2021
Brock Pierce: Source: Twitter/@brockpierce The Salvadorian media has continued to react skeptically to crypto-related developments as the country edges toward bitcoin (BTC) adoption. A number of international crypto figures traveled to El Salvador late last week, including Brock Pierce, the head...

Why Is Bitcoin (BTC) in Red?

21.6.2021
BTC was in the uptrend for a short duration and even broke through its immediate resistance at $40,000 and stayed above this psychological level for two days. But Chinese crackdown on mining companies has put a huge dent in BTC valuations. Even the hash rate for BTC mining fell by 18%. First, China...

Crypto Market Sentiment Closer to the Negative Zone; XRP is Week's Winner

21.6.2021
The crypto market is not doing very well, and neither is the market sentiment. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins slipped yet again, this time from last week's 5 to this week's 4.89 - the closest it's been to the negative zone in months, according...

Ethereum, Litecoin, DOGE Miners Run Fewer Rigs Amid Bitcoin Hashrate Drop

21.6.2021
Bitcoin (BTC) saw a double-digit drop in its hashrate (the computational power of the network) in a single day following the recent regulatory crackdown in a vital mining region in China, as well as from its June peak. However, Ethereum (ETH) and several other proof-of-work (PoW) projects shared...

Bitcoin Continues to Suffer Amidst Chinese Crackdown

21.6.2021
The crackdown by the Chinese authority on Bitcoin mining has resulted in a considerable fall in the value of the largest cryptocurrency by market capitalization.  According to the latest reports, Bitcoin suffered a negative growth of 5.5% and fell to $34k on Sunday. The negative impact on the value...

China's Central Bank Cracks Down On Crypto Trading

21.6.2021
Source: iStock/杨培培 Today, the People’s Bank of China said that major banks and payment institutions promised they will not engage in crypto-related activities following a meeting with the market regulator. The central bank said it summoned several major financial players, such as Industrial...

Chinese Big-four Bank to Crack Down on Crypto, Will ‘Report’ Offenders

21.6.2021
One of China’s biggest commercial banks, the Agricultural Bank of China, said it will crack down on crypto transactions, and will seek to block accounts connected with bitcoin (BTC) and crypto-related activity. The bank has issued a terse and short statement on the matter, which was published...

Cryptoverse Gets Another Unicorn Despite Market Downturn

21.6.2021
Source: Adobe/s_lena Venture capitalists are still pouring hundreds of millions into the infrastructure of the cryptoverse, hoping the whole nascent industry will grow further despite a recent sharp correction in the market. Amber Group (AG), an Asian crypto trading and technology firm, is now...

Bitcoin and Ethereum Breakdown Continues, Altcoins In Red Too

21.6.2021
Bitcoin price started a fresh decline from well above USD 38,000. BTC broke the USD 36,500 support and it even declined below USD 35,000. It is currently (04:41 UTC) extending losses after a failed attempt to move higher. Similarly, most major altcoins are trading in a bearish zone. ETH broke...

Traditional Investors Sending an ESG Sign Important to Bitcoin Miners Too

18.6.2021
As debt investors seem to be looking into how much an energy company is polluting, the bond market may be seeing higher funding costs for those companies polluting more - showing the rising importance of Environmental, Social, and Corporate Governance (ESG)-compliant investments at the time when...

Sichuan ‘Joins Chinese Crypto Crackdown’ as US Woos Middle Kingdom Miners

18.6.2021
The Chinese crypto mining crackdown is starting to gather pace – with some areas rich in hydropower looking to join coal-powered areas in what is increasingly looking like a nationwide shutdown of industrial mining. And the US is using this opportunity to compete. As previously reported, Sichuan...

Bitcoin, Ethereum, and Major Altcoins Extend Losses

18.6.2021
Bitcoin price started a fresh decline from well above USD 39,000. BTC broke the USD 38,500 support and it even declined below USD 38,000. It is currently (04:48 UTC) showing bearish signs, with a major resistance near USD 38,500. Besides, most major altcoins also look bearish. ETH broke the...

Bitcoin Salaries a No-go, Confirms El Salvador as Adoption Worries Rise

17.6.2021
El Salvador’s President Nayib Bukele’s plans to launch a bitcoin (BTC)-powered society could be hampered by internal concerns about the most popular cryptocurrency – with the government apparently bowing to public pressure and ruling out the notion of bitcoin salaries. As reported yesterday,...

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