China has re-entered the top ten of Chainalysis’ countries in cryptocurrency adoption, the blockchain analysis firm has stated. Its latest summary indicates that the Asian country moved three places from its 13th spot on the 2021 Global Crypto Adoption Index and now sits at the 10th. The m...
Singapore has indicated that it has no plans to impose a blanket ban on all crypto-related activities - as it was the case in some countries like China - but would rather consider introducing more measures to reduce consumer harm. According to the head of the Monetary Authority of Singapore...
In almost everywhere some sort of regulatory event was recorded, it come back with positive returns against Bitcoin averages in the six-month and one-year windows except in China, a US-based investment management firm for Bitcoin shown in a new report. NYDIG in its Quantifying the Bene...
The first move-to-earn mobile non-fungible token (NFT) game, StepN, is set to block China mainland users from using its platform by disabling Global Positioning System (GPS) and Internet Protocol (IP) location services serving them. Starting July 15, the game that rewards users...
The energy minister of Kazakhstan has disclosed that his country is not planning to follow in China's steps to ban crypto mining even though there have been reported cases of illegal mining activities going on. Magzum Mirzagaliev reportedly told local journalists that he doesn't think C...
New data from the latest update to the Cambridge Bitcoin Electricity Consumption Index (CBECI) at the Cambridge Centre for Alternative Finance (CCAF) has confirmed that the leading share of global Bitcoin network hashrate now sits in the US. The geographic shift happened b...
China’s state planner has indicated yet another push by the government to cut Chinese users from engaging in any form of crypto-related activity according to a document made public on Friday October 8. The National Development and Reform Commission (NDRC) shows in the document tha...
Prices of application-specific integrated circuit (ASIC) miners are not likely to stop rising all through next year, says Luxor Mining, which provides analysis, data, and hashrate insights. Its analysis of what the crackdown means for ASIC manufacturing in China stems from what they ...
China’s recent declaration of all crypto transactions as illegal is going to have several mixed implications for stakeholders, some industry experts have said. In a series of interviews on financial media channel, Bloomberg, the experts touched on what they think will become of the “the most...
China last week declared all cryptocurrency-related business transactions as illegal financial activities. Added to the Evergrande crisis, the new statement - as issued by the Chinese authorities - adversely affected the crypto market causing a sharp drop to be recorded across the board. T...
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