Market Projections Follow China’s Renewed Call for Crypto Mining Crackdown

May 28, 2021

In the wake of Beijing’s renewed call for a crackdown on Bitcoin mining on Friday May 21, an investment research engine that provides insights and thematic views across the space has made some projections for the global crypto mining industry. Galaxy Digital Research, which serves Galaxy ...

Inner Mongolia Introduces Enforcement Measures for Crypto Mining 

May 26, 2021

Following Beijing’s renewed call for a crackdown on Bitcoin mining last week, the Inner Mongolia region has issued a 8-point measure to combat cryptocurrency mining. The document is in line with the outcome of the 51st meeting of the Financial Stability and Development Committee of the...

China’s Impact on Crypto Market Lessens After Weekend Lows

May 25, 2021

The market impact of China’s call for the need to tighten regulation on cryptocurrency trading and mining to protect the financial system is now wearing out. The renewed warning by China’s State Council on Friday May 21 sparked a widespread sell-off which saw the value of many crypto as...

Inner Mongolia Bent on Cleaning Up Crypto Mining But Renewable Proponent Insists $500K Bitcoin Possible 

May 20, 2021

The public can now report mining activities in the Inner Mongolia area to the government if they want.  In February, Inner Mongolia requested a complete shutdown of all crypto mining activities. Now, according to information coming out of the autonomous region’s energy consumption dual-co...

Chinese Exchanges Lead Losses as Cryptos Woes Deepen Over China’s Statement

May 20, 2021

The ripple effect of a statement released by three Chinese bodies on Tuesday May 18 warning against crypto use continues to deepen across the space.  Over a 24-hour period, the initial slight drop in the price of Bitcoin to ∼$43,000 shortly after the announcement worsened to touch over $3...

Genesis Launches Mining Partnership, Buys US$93.6 mln of Canaan’s AvalonMiner 

Apr 30, 2021

After five founders partnered to launch Genesis Digital Assets as a brand that seeks to build and manage industrial-scale Bitcoin mining operations, the company placed orders worth US$93.63 mln with the second largest designer and manufacturer of Bitcoin mining machines globally, Canaan, to...

Former Bank of China President Says China’s DCEP Has a Clear Structure

Feb 17, 2021

The massive effort China has been putting into the development of its upcoming digital yuan doesn’t mean that it has been blind to how other countries see the digitalization of their national currencies. According to the latest report from the Chinese magazine Money 163, the China Internet F...

China Ranks High as Asia Dominates Top 20 Market Cap, Unicorns

Jan 22, 2021

As of January 12, 2021, almost half (42%) of the market cap of the top 20 token projects with headquarters is based in Asia, particularly China, new figures from crypto analytics firm Messari have shown. They include Tether, Cardano, BNB, EOS and Tron with a combined total value of $...

Will China tax on cryptocurrency transaction?

Dec 25, 2020

Generally speaking, if an individual wants to buy and hold cryptocurrency in China, he can have a legalized way to realize it. But in the selling process, the possibility of violating the law is very high. Any cryptocurrency issuing and trading services organized in China are basically in viola...

Huobi COO Reportedly Under Investigation, Exchange Token Dips By Over 16% After Controversy

Nov 3, 2020

Robin Zhu, COO of Huobi, one of the most prominent Singapore-based cryptocurrency exchanges was under investigation by the Chinese police following Huobi’s native token – HT’s price saw a steep depreciation coinciding with the news of the exchange’s execs. Over the last day, HT...