Category: China
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The Daily: BTC Spot Index Launches, Futures Platform Delayed
In today’s edition of The Daily, we cover a number of developments in the institutional segment, including a new BTC spot index, a delay in the launch of a futures platform and an investment by Binance in an over-the-counter (OTC) trading desk in San Francisco. We also cover an investigation into Tether and, on a…
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Crypto Hangover Hits Nvidia as Chip Sales Plunge With Bitcoin Prices
After a stellar rise in business over the last year due to the cryptocurrency boom, chipmaker Nvidia’s optimistic figures for graphics card demand in 2018 has drastically fallen short of expectations, with share prices falling by 17 percent on the back of millions of unsold chips. Falling Crypto Frenzy Takes Down Chipmakers As reported by…
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Canaan’s Hong Kong Listing Plans in Limbo
Plans by bitcoin mining equipment manufacturer Canaan to list shares on the Hong Kong stock exchange are now uncertain, as the Chinese company’s application for an initial public offering (IPO) expired on Nov. 14 — exactly six months after it submitted the documents to the Asian bourse. Also Read: Bitcoin ATMs Most Common Scam Payment Method…
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Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Gets Bitlicense
In recent regulatory news, a Canadian court plans to take custody of $19.5 million of funds that Quadrigacx deposited with the Canadian Imperial Bank of Commerce before they were frozen due to competing ownership claims. Also, New York state regulators have granted the 14th Bitlicense to New York Digital Investment Group, and it has been…
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IMF: Central Banks Could Issue Digital Currency
Christine Lagarde, the managing director of the International Monetary Fund (IMF), has said central banks throughout the world should consider issuing digital currency to make transactions more secure. At a recent conference in Singapore, Lagarde argued that state-backed cryptocurrencies could satisfy public policy goals related to financial inclusion, consumer protection, privacy and fraud prevention. Also…
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Regulations Roundup: Chinese Mining Farms Undergo Tax Inspection, Michigan Bans Campaign Donations in Cryptocurrency
In recent regulatory news, we report on an authorized mining company in China that has had its operations temporarily halted for tax inspection and implementation of real-name registration processes. We also look at the Michigan Secretary of State’s ban on crypto-based political donations, as well as the recent certification of X8’s stablecoin for Shariah compliance. In addition,…
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PR: IXE Token Backed by Blockchain Powered Education Platform Little Detective
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Little Detective will be launched in various stages, starting from…
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No, China Has Not Legalized Nor Put an End to Bitcoin Ban; Inaccurate Reports
Throughout the past 24 hours, several publications and public figures have misreported that China has put an end to its blanket ban on bitcoin and the cryptocurrency exchange market. On Nov. 9, one cryptocurrency-focused publication released a story entitled “China Lifts Bitcoin Ban; Individuals and Businesses Can Now Own Cryptocurrencies Legally.” The article instantly attracted…
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China’s Central Bank Calls for More Government Oversight on Blockchain
China’s central bank the People’s Bank of China (PBC) encouraged the government to increase supervision of blockchain-related ventures in a working paper released on Tuesday, warning that “bubbles were apparent,” according to Reuters. “China to Strengthen Supervision on Blockchain-Related Financing, Investment” by REUTERS via NYT https://t.co/A9MGNo1Z9d #crypto #blockchain — ACO (@altcoinore) November 6, 2018 https://platform.twitter.com/widgets.js…
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Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development Options
Paraguay’s Itaipú Dam, one of the largest hydroelectric facilities in the world, is supporting bitcoin and ethereum mining in a city on the country’s border with Brazil and Argentina. These efforts have already spawned a number of new cryptocurrency businesses, creating multiple millionaires, but an ongoing reassessment of the dam’s developmental potential could spell boom or bye…