Friday, February 3, 2023

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China

Crypto Market Starts Recovering, Gain Value For First Time Since Mid-May

For the first time since mid-May, Bitcoin experienced a surge in its value and reached near $48,000, on weekend. But as the weekday arrives,...

China’s Ban Will Not Affect Crypto Market In Long Run: Bobby Lee

Bitcoin maximalist Bobby Lee, who is also the CEO of Ballet, recently shared his views on China’s crackdown on cryptocurrency. He mentioned that even...

RBI Plans To Launch CBDC In Phases

The Reserve Bank of India is planning to issue its central bank digital currency (CBDC) in different phases, said deputy governor T. Rabi Shankar. He...

People’s Bank Of China Releases e-CNY Whitepaper

China took another step towards Digital Yuan’s official launch by releasing its whitepaper for the first time in the country, according to a report. The...

Bitfarms Mining Operation Up 50% After China’s Crackdown

Amid, China’s crackdown on crypto mining and trading companies in the country, this year, the productivity of North America-based Bitfarms has doubled. After suffering a...

China’s Crackdown On Crypto Brings Great Opportunity For Canada: IBC Group

After China announces the crackdown on cryptocurrencies, the Dubai-based investment company IBC Group plans to shut its crypto mining operations in the country. As per...

Huobi Discontinues Crypto Derivatives Trading For Chinese Investors

Due to China’s ongoing crackdown on cryptocurrency, the Seychelles-based crypto exchange Huobi announced to discontinue the trading of crypto derivatives for the Chinese investors.  Huobi,...

MicroStrategy CEO Criticizes China’s Crackdown Claiming It To Be “Trillion-Dollar Mistake”

Michael Saylor, the CEO of Microstrategy, criticized China for cracking down on Bitcoin and claimed that the country’s ongoing action against the digital asset...

China’s Crackdown On Crypto Working For Miners: Former Crypto Engineer

China’s ban on different crypto activities in the country is considered to be the main reason for the red candlesticks on the crypto market...

After China’s Crackdown On Sichuan Miners Bitcoin Hashrate Collapse By 17%

As the Chinese announced to ban the crypto mining activities in the Sichuan province, the Bitcoin mining power slump down by 16.94 percent. Lowering hashrate...

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