China
Chinese Find Ways Around Crypto Ban; ANZ Settles Debanking Case
Chinese crypto buyers are finding ways around the country's transaction ban. Singapore’s Atlas signs a deal to expand U.S. crypto mining operations. Australia’s ANZ settles a debanking case with a bitcoin trader. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
The United States Is Now the World Leader in Bitcoin Mining
New data from the CoinDesk Research team reveals the U.S. is becoming the world leader in bitcoin mining. China in 2019 had as much as 75% of global mining operations concentrated in the country, which has now dropped to zero. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Spikes After Bloomberg Reports SEC Won’t Block Futures ETF
Bitcoin rallied Friday following reports that a bitcoin futures ETF is likely to clear the U.S. SEC. Omer Ozden, CEO of New York-based merchant bank RockTree Capital, discusses his crypto markets analysis and outlook. Plus, his take on the impact of China’s crypto crackdown on trading in Asia.
Crypto Tax Critical to Korean Election, China Crackdown Continues
Korea’s crypto tax a critical factor in upcoming presidential election. China’s Zhejiang province cracks down on use of public resources for crypto mining. Beijing Capital Airport accepts e-CNY in latest pilot scheme. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
US Becomes the New Bitcoin Mining King Following China Crackdown
According to the Cambridge Centre for Alternative Finance (CCAF), the U.S. has become the world’s leader in bitcoin mining following China’s renewed crypto industry crackdown, accounting for 35.4% of the global hashrate as of the end of August, more than doubling from 16.8% at the end of April.
Stronghold Digital Sets IPO Price at $16-$18 a Share
Stronghold Digital, a bitcoin mining firm that converts coal waste into power for its operations, plans to raise $94 million and $106 million in an IPO. According to a filing with the SEC, it plans to sell about 5.9 million shares at $16-$18 per share for acquisitions of mining rigs and power-generating assets.
China Wants to Ban Private Capital Involvement in Media, Publishing, Online Platforms
The Chinese Communist Party (CCP) has reportedly laid out plans to ban any private-sector involvement in media, publishing and online platforms. "The Hash" panel discusses the latest move signaling the CCP's tightening control over its economy and what it could mean for the state of crypto affairs in the country.
Squid Game NFTs Traded on OpenSea; Bitcoin on a Roll
Squid game NFTs are now traded on OpenSea. Also, bitcoin is on a roll and McDonald's China celebrates its anniversary with an NFT collection. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Bitcoin Approaching Resistance Near $58K; Support at $50K
Bitcoin and ether continue to rise, with BTC now surpassing $57,000, although the wider crypto markets are seeing slower momentum. Kapil Rathi, co-founder and CEO of institutional trading firm CrossTower, discusses the macro trends he’s continuing to watch, including regulation, China’s crypto crackdown and institutional adoption.
Stacks Surges After NFT Push, Samsung Next Invests in Sky Mavis
Stacks surges following push into bitcoin non-fungible token (NFT) market. Samsung Next invests US$152 million in Sky Mavis despite Korean NFT gaming ban. China crypto mining clampdown continues to bite. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
