Category: China
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Chinese State-Run Media Believe BTC Price Surge Is Just ‘Hype’ While Praising Blockchain
Two Chinese state-run media outlets have published a brief news item urging citizens to focus more on blockchain technology than on the “hype” of the recent surging Bitcoin prices across the board. China’s Government to Focus on Blockchain Both Sina and Xinhuanet have stated that the recent rally in BTC prices has no clear explanation.…
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‘If the water’s too clean there’ll be no fish’: China’s CBDC may hurt Macau’s casinos
Macau’s gambling industry is reeling amid rumors that the city’s regulator is in talks with casino operators regarding the introduction of China’s digital yuan.
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Onchain Researchers Suspect Chinese Government Sold Plustoken’s Billion-Dollar Bitcoin Hoard Last Year
A number of masterminds from the Plustoken scam were sentenced to 11 years in prison for defrauding cryptocurrency investors. Last week, on November 19, a court ruling had shown the Chinese government said that it seized over $4 billion in crypto assets from the Plustoken scam. Meanwhile, onchain sleuths believe the Chinese government may have…
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Bitmain reportedly cuts off funding to Bitcoin Core developers
Bitcoin Core touts itself as a direct descendant of Satoshi Nakamoto’s original Bitcoin software client.
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Russian central bank opposes ruble-pegged stablecoins
Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency.
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This Bitcoin mining company’s stock is in free fall following Q3 loss
The third quarter was tough for mining rig manufacturers as the impact of COVID-19 continued to weigh heavy.
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No need to fear the Bitcoin FUD, says Sino Global Capital
After a week of gloomy headlines and a brutal price dip, traders would do well to think long term.
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Chinese Police Seize $4.2 Billion in Multiple Cryptocurrencies From Plustoken Ponzi Clampdown
Chinese police have seized more than $4.2 billion worth of crypto assets in its clampdown against the Plustoken Ponzi scheme. According to a court ruling made public on Nov. 26, and shared by The Block, law enforcement confiscated a total of 194,775 bitcoin (BTC), 833,083 ether (ETH), 1.4 million litecoin (LTC), and 27.6 million EOS.…