Beijing’s Distaste for Bitcoin Mining Spreads to Inner Mongolia, Miners Could Face a ‘Social Credit Blacklist’

Beijing’s recent crackdown on the cryptocurrency industry has found its way into Inner Mongolia according to a recent report. Inner Mongolian officials plan to introduce harsh penalties to bitcoin mining operations using the region’s grid without permission from authorities. New Rules Aim to ‘Punish Bitcoin Miners’ A regional report published by South China Morning Post’s … Read more

Analyst Expects Bitcoin to ‘Grind Down’ to $15K, With a ‘Periodic Dead Cat Bounce’ Along the Way

An analyst from the biotech consulting group Biotechvalley Insights believes after bitcoin lost 53% from the crypto asset’s all-time high, “the party is clearly over.” The biotech consulting group analyst thinks crypto investors will witness a slow “grind down the slope of hope with a periodic dead cat bounce” and expects prices to drop to … Read more

Sigmax.io Launches New trading Bot that Automate Arbitrage Trading

SHOEBURY, England—May 26, 2021—Sigmax.io has launched, offering an advanced arbitrage tool for contemporary Altcoin & BTC traders. With the global outlook for Cryptocurrency and traditional forex becoming increasingly challenging and hard to predict, investors are turning to arbitrage trading to help mitigate transaction exposure and boost profits. This has mostly been the preserve of experts, … Read more

Biden Administration Looking to Increase Cryptocurrency Oversight to Protect Investors, Prevent Illicit Transactions

The Biden administration is reportedly looking to increase oversight of the crypto market with the aim to protect investors and prevent illicit transactions. White House officials, lawmakers, and central bankers have had several meetings on cryptocurrency regulation amid recent price swings of crypto assets. Biden Administration Discussing Crypto Regulation The Biden administration, lawmakers, and central … Read more

UK Bans ‘Time to Buy’ Bitcoin Ads on Buses and Underground for Being Misleading

The British Advertising Standards Authority (ASA) has banned a bitcoin ad campaign put up across the London Underground network and on London buses by cryptocurrency exchange Luno. The UK advertising regulator says the ads are misleading and irresponsible. ‘Time to Buy Bitcoin’ Ads Banned in the UK A bitcoin advertising campaign put up across London … Read more