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WeChat removed several accounts for digital collectible platforms for violating the policy of illegal trade, while Ant Group and Tencent-owned NFT platforms updated their user agreements. Go to Source Powered by WPeMatico
Bitcoin avoids another “Bart” style price spike this weekend, but what’s the mood like on the market going forward? Here are five potential Bitcoin price topics to consider. Go to Source Powered by WPeMatico
A symmetrical triangle shows support at $38,000 but pro traders have failed to add leverage long positions, according to exchanges’ data. Go to Source Powered by WPeMatico
On March 16, Arthur Hayes, the co-founder of the cryptocurrency exchange Bitmex, published a blog post called “Energy Cancelled,” which describes the economics behind the ongoing Russia-Ukraine war. Hayes explains in his 26-minute long opinion piece that historians may point to February 26, 2022, as the time in history when the “Petro Dollar / Euro … Read more
Galaxy Digital CEO Mike Novogratz says bitcoin is a great alternative and a lifeline to people in countries with poor stewardship of the economy. He expects the price of the cryptocurrency to hit $500K. “We see an adoption cycle that accelerates … going viral everywhere,” he said. Bitcoin Is a ‘Great Alternative’ in Some Economies … Read more
The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a U.S. Securities and Exchange Commission (SEC) filing that the move was due to issues with “recent international frictions” and “domestic quarantine measures for Covid-19 control.” … Read more
Yao Qian predicted that Web3 will reorganize the organizational form and business model of the Internet economy and offer a level playing field for all. Go to Source Powered by WPeMatico
“We will not compete against China — an authoritarian dictatorship — by also acting like an authoritarian dictatorship,” said Jake Chervinsky. Go to Source Powered by WPeMatico
Proof-of-work mining escaped severe regulatory pressure, but crypto derivatives and CNY Tether premium show investors’ lack of excitement. Go to Source Powered by WPeMatico
“This bill holds China accountable as they introduce their new digital currency,” said Senator Bill Cassidy. Go to Source Powered by WPeMatico