Pantera CEO: Crypto market ‘panic’ is subsiding, now’s the time to buy
The Pantera boss cited three primary reasons why crypto markets dumped a trillion dollars in market cap. Go to Source Powered by WPeMatico
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Crypto exchange Huobi has reportedly stopped letting new users trade derivatives
Chinese journalist Colin Wu speculated that the move from the crypto exchange would likely drive users to Binance for higher leveraged trades. Go to Source Powered by WPeMatico
Diversification into Bitcoin a ‘prudent move,’ says Bloomberg strategist
The statement appeared as Bitcoin investors waited for fresh economic projections from the Federal Reserve and China pledged to release metal reserves amid concerns over commodity rally. Go to Source Powered by WPeMatico
China-based Rangers Protocol raises $63M via private equity round
Rocket Protocol has been rebranded to Rangers Protocol after completing a major investment round. Pantera, Huobi Ventures Blockchain Fund and Alameda Research are among the backers. Go to Source Powered by WPeMatico
China debuts blockchain-based digital yuan salary payments in Xiong’an
China reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area. Go to Source Powered by WPeMatico
Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight
Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June. … Read more
Report: Filecoin and Chia Believers in China Are Converting to Ethereum Swarm Disciples
There’s a lot of buzz in China around the Bee mainnet soft launch following the recent hype surrounding Filecoin and Chia. Reports detail that Swarm is set to kickstart the mainnet on June 13, and droves of miners from China are getting prepared to obtain rewards from the distributed storage platform and content distribution service. … Read more
Bitcoin Mining Council unveils details, confirms Elon Musk has ‘no role’
MicroStrategy boss Michael Saylor heads up the group which aims to foster Bitcoin education. Go to Source Powered by WPeMatico
Shanghai Man: Bitcoin interest drops in China amid crackdown on social media and miners
Xinjiang crypto miners forced to shut down, Antpool hash rates drop by 30%, and Baidu and Weibo try to scrub crypto players from their platforms. Go to Source Powered by WPeMatico
‘All Banks Go Fintech’: Hong Kong Unveils ‘Fintech 2025’ Strategy
The Hong Kong Monetary Authority (HKMA) plans to guide local banks towards full adoption of fintech technologies, a new strategy reveals. The region’s central banking institution also stressed that it’s going to “walk the talk” by digitalizing its own supervision of financial institutions. Hong Kong Central Bank to Support Fintech Development Hong Kong’s monetary policy … Read more