Bitcoin hashrate triples since June 28 in recovery from China syndrome
Hashrate has now recovered to early June levels indicating that miners are coming back online after China’s crackdown. Go to Source Powered by WPeMatico
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Chinese province to cut off Bitcoin miners from hydropower stations
After the given deadline, the Yingjiang County reportedly plans to “forcibly dismantle” power supply to Bitcoin mining establishments within its jurisdiction. Go to Source Powered by WPeMatico
Xiaomi India needs regulatory clarity to embrace crypto, says exec
According to Xiaomi India managing director Manu Jain, cryptocurrency is an “extremely interesting” area that is doing “exceptionally well.” Go to Source Powered by WPeMatico
Crypto ‘not protected by law,’ rules provincial high court in China
A provincial high court ruling in China has set a potential precedent by declining to protect a plaintiff’s $10,000 worth of lost crypto tokens. Go to Source Powered by WPeMatico
People’s Bank of China in Shenzhen ‘cleans up’ illegal crypto firms
The Shenzhen branch of the People’s Bank of China launched a special “rectification” program against illegal crypto-related activities, beginning with a crackdown on 11 emerging companies. Go to Source Powered by WPeMatico
People’s Bank of China Targets Crypto Companies in Shenzhen Crackdown
The Shenzhen office of the People’s Bank of China (PBOC) has reportedly set out to correct the business activities of about a dozen companies allegedly engaged in cryptocurrency transactions. According to Chinese media, the entities have been targeted in a crackdown on crypto trading in the city. People’s Bank of China Cracks Down on Coin … Read more
Analysts say $46,500 is the key level for Bitcoin to flip to support
Bitcoin’s fundamentals remain strong but analysts pinpoint $46,500 as the key level to reclaim as support in order to preserve the current uptrend. Go to Source Powered by WPeMatico
Samsung to Aid Bank of Korea in Central Bank Digital Currency Pilot Program
Samsung, the Korean tech giant, has decided to participate in a central bank digital currency (CBDC) program that is being carried out by the Bank of Korea. The company will be testing the feasibility of using these new instruments in its lineup of Galaxy phones, specifically assessing the possibility of making offline payments between peers. … Read more
Mi Store Portugal Reveals Crypto Acceptance, Xiaomi Says ‘Decision Was Made Without Knowledge or Approval’
On August 5, the Mi Store in Portugal announced that it was accepting cryptocurrencies including bitcoin, ethereum, tether, and dash. At the time, the Mi Store Portugal said it was working with the blockchain payments company Utrust in order to be more “inclusive.” However, the Mi Store parent company Xiaomi Corporation, which stems from China, … Read more
Bitcoin mining difficulty jumps second time as miners settle offshore
Bitcoin mining difficulty took a second jump following the dip in mid-July as the mining ecosystem continues to turn back online. Go to Source Powered by WPeMatico