China’s policy-forming State Council has announced that it wants the nation to launch Beijing-based digital asset exchanges to power the adoption of its forthcoming central bank digital currency (CBDC) project, the digital yuan. The council called upon financial bodies to speed up the pilots for the digital yuan and asked commercial banks in the nation…
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China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest share among several attractive destinations, including the U.S. Russia, Kazakhstan, US Accept…
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Reports from Chinese provincial law enforcement agencies appear to show that crypto crime is still on the up – despite a nationwide crackdown on crypto and mining exacted in September this year…. Read More: Crypto Crime Still Rising in China Despite Crackdown, Warn Authorities Read more »Pay, Trade, Buy Bitcoin with Credit Card
Former presidential candidate Hillary Clinton has called on the Biden administration to regulate the cryptocurrency markets. She warned that countries like Russia or China, as well as nonstate actors, could manipulate all kinds of technology to their advantage and destabilize countries as well as the dollar as the world’s reserve currency. Hillary Clinton Stresses the…
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Is Ethereum the blockchain of choice for financial institutions in Southeast Asia, or will companies seek alternatives due to limitations? Blockchain innovation is surging throughout Southeast Asia, as the region is home to a number of fintech firms and global crypto companies. In particular, Singapore has become one of the world’s most crypto-friendly countries. This…
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The Central Reserve Bank of Peru, the Peruvian central bank, is planning to develop a central bank digital currency (CBDC) like other economies of the world. The announcement was made by its president, Julio Velarde, who stated that the currency would be designed for use primarily in payments. However, Velarde also acknowledged this was not…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ … Read More: Wasabi Lightning Wallet Grant, Binance’s New Integration & Funding, Norway Crypto Mining Ban Talk + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Authorities in China are continuing to crack down on activities linked to cryptocurrencies which they consider illegal. The country’s top economic planning body has clearly indicated it intends to go after large-scale cryptocurrency mining taking place at government-operated industrial facilities. State Firms Mining Crypto in China to Face Higher Electricity Bills China’s National Development and…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Investments in Bitcoin Increased, in Ethereum – Dropped + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
A top Chinese regional official has been expelled from the Chinese Communist Party – and may face heavy punishment for allegedly “supporting” crypto mining in exchange for bribes and sex. Per NBD and the China Daily, charges against the official, Xiao Yi, were leveled by the supervisory committee of the Central Commission for Discipline Inspection…
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