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China’s Ministry of Public Security Identifies USDT as Most Common Tool Used by Fraud Groups

Apr 14, 2022

The Ministry of Public Security in China has held a press conference to address some of the internet-based financial security issues going on in the country. The press conference focused mainly on the activities of the ministry since 2021 in combating financial fraud that has plagued its inter...

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China Exit Still Hurts Huobi’s Market Share, CoinGecko Q1 Report Shows

Apr 14, 2022

Huobi Global’s gradual exit from China over the last six months is still having an adverse effect on its operation, CoinGecko’s latest state of cryptocurrency report for Q1 2022 shows. The top exchange’s market share shrank by nearly 40% since the end of Q4 2021 and ended the first quar...

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Fed is on the Verge of Repeating History

Apr 8, 2022

Writer: @qiuyue_analyst; WeChat official account: worldeye2020 Review: @Jeffthedogyo Translation: @biubiubird Publication: @bitmidas Community: discord.gg/nDf8e7RAhA    Shocking CPI Statistics   On Mar.17th, 2022, The Federal Reserve of the U...

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Statista Survey Shows China’s Crypto Users, Owners Declined in 2021

Mar 21, 2022

As Europe rejects a proposal that could have limited activities related to Proof of Works (PoW) crypto assets within its region, a move diametrically opposed to China’s, the findings of a Statista Global Consumer Survey show that the number of crypto users and owners in China reduced be...

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Eun Young Choi to Head Crypto Enforcement Team to Dismantle Illicit Use

Feb 20, 2022

In the wake of a reported increase in cases of illicit transactions using cryptocurrencies like Bitcoin, the U.S. Department of Justice has this week announced the appointment of Eun Young Choi as the first Director of a newly-instituted National Cryptocurrency Enforcement Team (NCE...

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Bloomberg Doesn’t Expect U.S. to Follow China on Crypto Ban, Sees Bitcoin at $100,000

Feb 7, 2022

Though crypto regulation and enforcement are ramping up globally, a new Bloomberg Crypto Outlook report does not expect the U.S. to follow China with a ban on cryptocurrency. After the Chinese government's ban on crypto-related transactions last September, there has been an industry-relat...

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China’s Great Mining Migration Boded Well for Bitcoin in 2021

Jan 17, 2022

As the year that China banned Bitcoin mining, 2021 saw the Great Mining Migration - the global relocation of Chinese mining operations - and marked the beginning of a new phase for the industry, a recap of the year shows. According to top Asian crypto market data aggregator, CoinGecko, B...

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Top Exchanges To Go On With Total Exit Plans From China On December 31st

Dec 27, 2021

Top cryptocurrency exchanges have reiterated their exit plans from China by the end of 2021. For most of them, December 31st, 2021 will mark the end of services for customers from China. This move became necessary after the rigorous approach taken by the Chinese authorities towards ensuring a...

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Major Exchanges Wrap up Efforts to Retire Chinese Users

Dec 26, 2021

China’s top exchanges Huobi Global and MEXC Global have taken additional steps to ensure their respective users in mainland China conform to new crypto regulations and vacate their respective platforms.  Like many others, the move by the two key exchanges - Huobi which is the  larg...

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Industry Experts Share Blockchain, Crypto Expectations for 2022

Dec 22, 2021

Some industry experts have been sharing their thoughts on what 2022 will hold for blockchain and crypto regarding industry trends, regulation, market movements and the metaverse.  Li Jun, founder of Ontology, says they expect the growth trajectory the blockchain industry has experienced in 2...