China

China

China’s Bitcoin Mining Crackdown Is a Boon for Miners Elsewhere

Miners outside of China are getting a financial boost from their competition’s forced exile. Will the trend continue?

Business  ·  30 June 2021
China

China’s CBDC Trials Reach Beijing Subway

Passengers with Industrial and Commercial Bank of China's mobile app can use the digital yuan to pay their fares.

News  ·  30 June 2021
Bitcoin

Bitcoin’s ‘Puell Multiple’ Flashes Misleading Bullish Signal as China Bans Mining

The metric is tied to miners and may be distorted by China's mining ban.

Markets  ·  29 June 2021
Bitcoin

Market Wrap: Cryptocurrencies Rise Despite Binance UK Warning

Crypto markets rose despite regulatory crackdowns from the U.K. and China. Analysts expect continued resiliency above $30K support.

Markets  ·  28 June 2021
China

Huobi Reveals Countries Where It Has Halted Derivatives Trading

The exchange is scaling back trading services in response to China’s crackdown on crypto.

Policy & regulation  ·  28 June 2021
China

China’s Longest-Running Crypto Exchange Closes Bitcoin Business Following Crackdowns

The closure represents the final nail in the coffin for the crypto-trading side of BTCC's operations.

News  ·  28 June 2021
Bitcoin

Market Wrap: Bitcoin Declines Into the Weekend, as Volatile Month Continues

The technical charts suggest further downside is likely as sellers react to extreme overbought conditions since March.

Markets  ·  25 June 2021
China

Huobi’s New US Affiliate Set to Go Live Next Month

The new company is part of Huobi’s efforts to make a return to the U.S. market.

Policy & regulation  ·  24 June 2021
China

Bitmain Stops Sales of Mining Machines in Bid to Buoy Prices Facing China’s Crackdown

Delaying further sales could be seen as a way for Bitmain to shield both itself and its clients from falling prices of mining rigs.

News  ·  24 June 2021
China

Ant Group Says NFTs Are Not Cryptocurrencies After Digital Artwork Sells Out

Ant Group highlighted the differences between NFTs and cryptocurrency after its successful sales of digital art.

Business  ·  23 June 2021
Bitcoin

Market Wrap: Bitcoin Nudges Up as Regulatory Risks Linger

Bitcoin gave up some gains on Wednesday, suggesting the short-squeeze rally is fading.

Markets  ·  23 June 2021
Bitcoin

Huobi’s Tighter Derivatives Rules Leave Chinese Traders Scrambling for Alternatives

Binance may gain customers because of Huobi's new restrictions.

Business  ·  23 June 2021
Bitcoin

China’s Anti-Crypto Crackdown Is Different This Time

Miners leaving China show the seriousness of new enforcement. But constrained trading and investment are more likely to really matter.

Policy & regulation  ·  22 June 2021
China

Go West, Bitcoin! Unpacking the Great Hashrate Migration

All signals indicate the greatest shakeup in the geographic makeup of bitcoin mining since the start of the industrial mining era.

Policy & regulation  ·  22 June 2021
China

Chinese Bitcoin Mining Company Delivers First Machines to Kazakhstan

BIT Mining expects to deliver another two batches of machines by the start of July.

News  ·  22 June 2021