Tag: china crackdown

Dec 03 2021

Billionaire Investor Charlie Munger Calls Crypto Crazy, Wishes It Had Never Been Invented

American billionaire investor, and the vice-chairman of Warren Buffett’s Berkshire Hathaway, Charlie Munger, has once again lashed at the crypto community. Munger is known for his anti-crypto sentiments, and he never hesitates to let his stance known. A few years ago, the billionaire announced his disdain for Bitcoin, referring to it as a “turd,” and a nonproductive asset. Today, at the Sohn Hearts...

Oct 25 2021

Trillion Dollar Mistake: Is China Planning To Reverse Crypto Ban?

Earlier in the year, China had embarked on what is considered the biggest crypto crackdown to date. The country has had a tumultuous relationship with the crypto space in the past, announcing various bans. But the severity of its last crackdown had led to the exit of miners out of what was said to be the ‘crypto mining capital of the world.’ The...

Oct 13 2021

Oct 12 2021

Oct 11 2021

Why The China Crackdown May Be Just The Push The DeFi Market Needs

China’s crackdown on crypto has had negative effects on the crypto space as a whole and decentralized finance (DeFi) has not been left out. The news of China’s crypto ban saw prices go down across the board, given that China has always been a big part of the crypto space. Despite the negative effects the crackdown has had on the space, many believe...

Oct 09 2021

China Plans To Add Crypto Mining To Negative List Of Industries To Invest In

China has once again reinforced its position on cryptocurrencies. Even though crypto mining is illegal in the country, some have chosen to operate illegally. To this effect, China has added crypto-mining to the ‘negative list’ of industries. This latest effort means that investors can no longer invest in the crypto mining sector. A document released by two National Authorities...

Sep 28 2021

China’s Crackdown Hits Ethereum Hard As Authorities Shut Down Over 10,000 Mining Rigs

Ethereum is the most recent asset caught in the path of the bulldozing machine that is China’s crackdown on crypto and crypto-related activities. When the country had begun to crackdown on mining earlier in the year, much focus had been placed on bitcoin given that it was the most popular cryptocurrency in the market. And with energy concerns being a problem, China had...

Sep 26 2021

China Crypto Ban: Crypto Exchange Huobi To Retire User Accounts

Top Crypto Exchange Huobi Global has said it will suspend all China-based user accounts later this year. The exchange said in an announcement on Sunday that it has discontinued account registration for new users in...

Sep 24 2021

China Calls All Crypto Transactions Illegal, Bitcoin Drops $4k In Response

Sep 24 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin crackdown btc btcusd china

China's central bank has announced that all crypto-related transactions and services are now illegal. In response, Bitcoin drops down to $41k from $45k. China Announces All Crypto Transactions And Activities Are Illegal As per a report from Bloomberg, China has intensified its crackdown on crypto and Bitcoin as the...

Nov 17 2020

Weekly Per Hour Bitcoin (BTC) Purchase Jumps 50%, Net Buyers Dominate Miner Selling

Bitcoin (BTC) price hits its new 2020-high as it inches closer to the $17,000 mark. At press time, Bitcoin (BTC) is trading at $16,615 with a market cap of $310 billion. Over the last month, the BTC price has appreciated over 50% as the...

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