Denied electricity, world’s 5th-largest mining pool leaves China for Kazakhstan
Crypto mining pool BTC.com is leaving China after local authorities withdrew its power supply. Go to Source Powered by WPeMatico
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Bank of Israel deputy governor confirms digital shekel pilot is underway
Despite the pilot, the central bank’s deputy governor said he was apprehensive about launching a full-scale CBDC in Israel, and referred to Bitcoin as a “pyramid scam.” Go to Source Powered by WPeMatico
Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines
Stablecoin inflows to exchanges tapered off as investors turned bearish on Bitcoin, but a surge in USDC minting could be a signal of upcoming regulation. Go to Source Powered by WPeMatico
Canadian regulator will hold hearing against Bybit for alleged violations of securities law
The commission alleges Bybit exposes local investors “to unacceptable risks and create[s] an uneven playing field within the crypto asset trading platform sector.” Go to Source Powered by WPeMatico
Institutional selling of crypto reaches longest streak since Feb 2018
CoinShares’ weekly report showed another large outflow from digital asset products, with much of the selloff concentrated in Bitcoin funds. Go to Source Powered by WPeMatico
Sotheby’s will allow people to trade their crypto for an ‘intrinsically worthless’ rock
Is the auction house betting that diamonds will become a crypto user’s best friend? Go to Source Powered by WPeMatico
Malta Chamber of Commerce business unit responds to allegations of lax crypto oversight
“Portraying this sector as one which is not subject to adequate supervision is not a reflection of reality and does not do justice to the work and efforts of the MFSA and VFA Agents,” said the VFA Agents Business Unit. Go to Source Powered by WPeMatico
PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately
China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin and other virtual currency transactions.” PBOC Tells Banks to Stop Dealing With Crypto Exchanges and … Read more
Crypto is the most dangerous investment, Bank of Russia governor says
The governor of the Bank of Russia has maintained a tough stance on Bitcoin despite growing criticism of how the bank has handled digital asset regulation. Go to Source Powered by WPeMatico
Banks fall in line as China’s central bank cracks down on crypto accounts
AgBank — the world’s third-largest bank by assets — has indicated it will follow the PBoC’s cue and work to stamp out its clients’ crypto-related activities. Go to Source Powered by WPeMatico