China to ‘maintain a high-pressure situation’ on crypto, official says
An official at the People’s Bank of China said that the public should increase its risk awareness and stay away from crypto investments.
Auto Added by WPeMatico
Record $900 million month for NFT sales as CryptoPunks go stratospheric
Almost $400 million has been spent on CryptoPunks over the past 30 days.
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.
Chinese province to cut off Bitcoin miners from hydropower stations
After the given deadline, Yingjiang County reportedly plans to “forcibly dismantle” the power supply to Bitcoin mining establishments within its jurisdiction.
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.”
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.
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…
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.
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…