Second-largest Ethereum mining pool to suspend all operations
Launched in China in 2018, SparkPool controls over 22% of Ether’s hashrate as of today, second only to Ethermine. Go to Source Powered by WPeMatico
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Uniswap (UNI) gains nearly 50% in 24 hours as China’s latest crypto purge boosts DEX tokens
In the last 24 hours, the decentralized exchange sector has logged a combined profit of over 60%, while their centralized counterparts have grown by just 0.77%. Go to Source Powered by WPeMatico
XRP is for payments, Bitcoin for ‘speculation,’ says former US Treasurer
After joining Ripple’s board of directors in May, Rosa Rios is bashing Bitcoin for being a supposed speculative tool. Go to Source Powered by WPeMatico
Huobi outlines plan for Chinese investors after halting crypto trading
Huobi Group co-founder Du Jun intends to safeguard all crypto assets on Chinese accounts before permanently closing them down by Dec. 31, 2021. Go to Source Powered by WPeMatico
China fear is now infrastructure bill fear — 5 things to watch in Bitcoin this week
From bans to bills, the FUD is strong for Bitcoin and crypto this week, but traders are overwhelmingly optimistic about BTC price action. Go to Source Powered by WPeMatico
Derivatives DEX dYdX beats out Coinbase by volume amid China FUD
Chinese traders appear to be flocking to derivatives DEX dYdX amid concerns over a renewed crypto crackdown in China. Go to Source Powered by WPeMatico
Ethereum price gets back to $3K as institutional investors pile into ETH futures
Ethereum prices recovered on Sunday amid a market-wide upside correction while receiving an additional upside boost from a bullish JPMorgan & Chase report. Go to Source Powered by WPeMatico
Indonesia Will Not Ban Cryptocurrencies Like China, Minister Says as Crypto Trade Soars
Authorities in Indonesia do not intend to follow China’s example of imposing an outright ban on cryptocurrencies, a government official said, noting the country will limit itself to ensuring they are not used in illegal activities. The statement comes after local crypto exchanges registered a serious increase in turnover this year. Indonesia to Tighten Regulations … Read more
It’s now or never — The US has to prepare itself for digital currency
If the United States is still not ready for central bank digital currency, it will stay on the sidelines of tech and financial innovations. Go to Source Powered by WPeMatico
US Lawmakers See China’s Authoritarian Crackdown on Crypto as Big Opportunity
Several U.S. lawmakers see China’s authoritarian crackdown on cryptocurrency, including bitcoin, as “a perfect opportunity for American leadership on cryptocurrency.” One senator noted that it is “a reminder of our huge structural advantage over China.” US Lawmakers Comment on China’s Cryptocurrency Crackdown Following the latest news of China’s crackdown on cryptocurrency, several U.S. lawmakers have … Read more