Bookmarking Crypto Insights
Auto Added by WPeMatico
Ever since government officials in China started talking about cracking down on bitcoin mining and reiterating crypto guidelines from 2017, digital currency proponents and the media have been focused on this region. Just recently, a Chinese state-backed online publication revealed that the Sichuan Energy Regulatory Office plans to hold a meeting on June 2, 2021, … Read more
Threats from China’s central government appear to have done little to quash local demand for crypto assets. Go to Source Powered by WPeMatico
Multiple efforts to ban Bitcoin couldn’t stop the largest cryptocurrency from becoming a $1-trillion asset earlier this year. Go to Source Powered by WPeMatico
According to Edward Evenson, a Bitcoin miner from Slush Pool, Chinese BTC miners are on the move. Go to Source Powered by WPeMatico
A look at the last week of crackdowns, including a ruling from Vice Premier Liu He. Hong Kong echoes Beijing with stricter controls of their own, limiting retail investors in the administrative region. Go to Source Powered by WPeMatico
During the course of the week, the cryptocurrency community has been focused on China and the country’s Financial Stability Board detailing that it aims to crack down on the bitcoin mining sector. Following the statements from Chinese officials and a few crypto businesses abandoning services in the region, executives from some of China’s largest bitcoin … Read more
Chinese traders still exert a major influence in the cryptocurrency market, even with all the distinct issues they must now face to operate. This is the opinion of several experts in the field that have weighed in on how the recent prohibitions and ban proposals from China are really affecting how Chinese bagholders that conduct … Read more
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
China’s crackdown on crypto mining could see offenders blacklisted from basic social and financial services if caught. Go to Source Powered by WPeMatico
After bitcoin prices dipped to a low of $30,066 per unit last week, lots of people have been focused on the panic sellers. Meanwhile, when bitcoin prices plunged, the number of bitcoin addresses in accumulation tapped an all-time high at 545,115 addresses. Number of Bitcoin Accumulation Addresses Hit New Highs Bitcoin (BTC) prices slid from … Read more