The bitcoin (BTC) price on average moves markedly lower during Asian business hours than it does during the European and US business hours, indicating that significant selling pressure is coming from Asian investors, new data from on-chain analytics firm Glassnode suggests…. Read More: Asian Sellers Weighing on Bitcoin Price, But Possibly Not for Much…
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An industry organization controlled by the Chinese government has updated a list of topics users of video-sharing apps should avoid. Crypto-related content is now among the entries along with traditional taboos in China like mocking its leadership, provoking sectarianism, and showing sex. Clips on Crypto Trading, Mining Banned in China The China Netcasting Services Association…
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A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests. Beijing Court Invalidates Bitcoin Mining Contracts The Chaoyang District People’s Court in the…
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Provincial branches of China’s biggest commercial banks have begun “educating” the general public on the dangers of crypto and money-laundering – but it appears that the message that crypto and mining is “bad” isn’t getting through to some public officials…. Read More: Chinese Banks ‘Educate’ the Public on the Pitfalls of Crypto Read more…
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Bitmex co-founder and cryptocurrency investor Arthur Hayes has addressed the current state of the market with the effect the U.S. Federal Reserve’s upcoming tapering process may have. Hayes also links this with the Evergrande situation in China and advises cryptocurrency newcomers to hold on until new signals emerge next year. Arthur Hayes Analyzes the Current…
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Crypto mining and investment in most of their forms have been shunted to the margins of society in China, but in some parts of the country, appetite for mining coins remains high, to the extent that some seem prepared to steal electricity from the grid to fuel their efforts…. Read More: Chinese Courts Sentence…
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The chief of the Government Communications Headquarters (GCHQ), one of the big three intelligence agencies in the U.K., has raised concerns regarding China and its digital renminbi. Sir Jeremy Fleming stated that the already existent Chinese CBDC could be used to collect information from users and, hypothetically, to control and filter global transactions.
UK…
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Bitcoin price has yet to reclaim the $50,000 level, but the actions of options market makers and margin traders at Bitfinex suggest the most recent correction is over. Bitcoin (BTC) has been struggling to sustain the $47,500 support since the Dec. 4 crash, a movement that wiped out over $840 million in leveraged long futures…
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Just over a week after a major Chinese media outlet claimed that the Binance Founder and CEO Changpeng “CZ” Zhao is the richest ethnic Chinese person alive, another report has surfaced questioning the logic of the original report. In an article published by the media outlet Yijian Finance, the integrity and reliability of Caijing…
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The hashrate, or the computational power of the Bitcoin (BTC) network is close to a full recovery after a massive migration of miners out of China following a ban on mining and other crypto-related activities there in May this year. According to the latest data, the hashrate of the Bitcoin network has accelerated higher…
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