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Tag Archives: cryptocurrencies

China Intensifies Hunt For Hidden Cryptocurrency Miners

Sep 21, 2021

Although the Chinese authorities claim to have rounded up their clampdown on cryptocurrency activities, the search for cryptocurrency miners continues. According to reports, this search is targeted at fishing out the individuals and corporations that may be carrying out crypto mining activities u...

Report: Institutions Contribute Over 50% Trading Volume to Huobi

Jul 20, 2020

Vincent He

Huobi, one of the major crypto exchanges in China disclosed the latest business data in a report jointly revealed by investment institutions IOSG and Huobi. The report revealed that Huobi currently has more than 15 million users (over 80% are from foreign countries), and the latest DAU...

PayPal’s Rumoured Foray into Crypto is for Adoption, Experts Agree

Jun 26, 2020

Olusegun Ogundeji

Adoption comes first for some industry insiders on what would be the main outcome of the rumoured plan that digital payment giant, PayPal, is preparing to support crypto transactions on its platform. If it goes through, they see crypto exposure to PayPal's over 320 million users having an i...

Rising US-China Tension May Impact Crypto Market Again

May 30, 2020

Olusegun Ogundeji

Tension between the U.S. and China is rising again and there is an indication that it could lead to a full-blown financial tussle which could invariably have an impact on the cryptocurrency market. It's likely the U.S. Treasury Department could impose controls on transactions and freeze ...

Online Purchases Top Crypto Use as Adoption Reportedly Grows

Apr 23, 2020

Olusegun Ogundeji

In time for a Reuters analysis which puts Bitcoin as having outperformed stocks this year, new reports hint at what Bitcoin, as well as other major cryptocurrencies, are being used for. With one claiming they are used more for online purchases while the other cites their use for child porn has ...

Buy-back strategy helps Chinese crypto surging recently

Jun 14, 2019

Vincent He

A  few days ago, the crypto market continues to be depressed after the withdrawal of the price of Bitcoin, but the Chinese cryptos  are surging against the trend. Early this month, Chinese cryptos have become the major force of rise, with GXC surgeing up 37% and NAS 46%. Over the past ...