This Bitcoin mining company’s stock is in free fall following Q3 loss
Q3 was a tough quarter for mining rig manufacturers as the impact of COVID-19 continued to weigh. Go to Source Powered by WPeMatico
China
Auto Added by WPeMatico
No need to fear the Bitcoin FUD, says Sino Global Capital
After a week of gloomy headlines and a brutal price dip, traders would do well to think long term. Go to Source Powered by WPeMatico
Chinese Police Seize $4.2 Billion in Multiple Cryptocurrencies From Plustoken Ponzi Clampdown
Chinese police have seized more than $4.2 billion worth of crypto assets in its clampdown against the Plustoken Ponzi scheme. According to a court ruling made public on Nov. 26, and shared by The Block, law enforcement confiscated a total of 194,775 bitcoin (BTC), 833,083 ether (ETH), 1.4 million litecoin (LTC), and 27.6 million EOS. … Read more
China’s national blockchain project adds Polkadot support
The Blockchain Service Network integrates three more major blockchains. Go to Source Powered by WPeMatico
US intelligence is looking at Chinese CBDC as a national security threat
The Director of National Intelligence wants to have the SEC’s leader briefed on the dangers of the U.S. falling behind in crypto. Go to Source Powered by WPeMatico
US Fed researcher says CBDCs should beat Big Tech payments on privacy protection
The paper also put forward CBDCs as solutions to high transaction fees and the energy use of mining cryptocurrencies like Bitcoin. Go to Source Powered by WPeMatico
Suzhou to launch digital yuan ‘red envelope’ trial for Double 12 event
Tied in with a national shopping event, the trial will add “offline” and “touch” functionality. Go to Source Powered by WPeMatico
Chinese banking giant withdraws $3B blockchain bond from listing
The $3 billion blockchain bond has been effectively cancelled. Go to Source Powered by WPeMatico
Blockchain is good for hodling, but not for voting: Bad Crypto news of the week
Analysts make a slew of wild predictions as Bitcoin continues its moon mission in this week’s Bad Crypto podcast Go to Source Powered by WPeMatico
The US election seals China’s victory in digital currency supremacy
While there is an unclear future for digital currency development under Joe Biden’s presidency, China is leading the race. Go to Source Powered by WPeMatico