China
China Crackdown Legal Concerns, Korea Discusses Virtual Asset Law
Crypto gets a new superstar - Mr. Goxx, the hamster. China's crypto crackdown raises legal concerns. Korea discusses new virtual asset law. We'll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Bitcoin Eyes Biggest Monthly Price Decline Since May
Despite trading 2.8% higher Wednesday at $42,200, bitcoin is eyeing a 10% monthly decline, the biggest loss since May. Richard Johnson, founder and CEO of FINRA and SEC-registered broker-dealer Texture Capital, discusses his outlook for bitcoin, the potential impact of China's crypto ban on the markets, DeFi, and smart contract protocols.
Ahead of Crackdown, Huobi Scrambled to Move Staff Out of China, Insiders Say
Interviews with former and current employees shine new light on the crypto exchange’s complicated relationship with its home country.
More Crypto Platforms Exit China Following Ban on Transactions
Several crypto exchanges and other crypto-service companies are giving Chinese users the boot, according to multiple reports.
CleanSpark CEO on Impact of China’s Crypto Ban on Mining, Global Markets
Following China’s move to make crypto mining explicitly illegal within its borders, Alibaba will stop selling mining equipment on its platforms, and Bitmain will halt all machine sales to mainland Chinese miners.
Chinese Ethereum Mining Pool BeePool to Shut Down Following Crypto Ban
"The Hash" team discusses the latest blow to the mining community, suggesting the outlook for global mining operations. China-based BeePool, the world's fourth-largest Ethereum mining pool by processing power, or hashrate, which halted registrations for new users and new subsidiary accounts for existing users, will suspend all services to miners beginning Oct. 15 at 15:59 UTC (11:59 a.m. ET). This follows SparkPool, another top Chinese Ethereum mining pool, suspending operations.
Leading Crypto Mining Machine Maker Bitmain Said to Halt Sales in China
Beijing-based Bitmain will also move most of its production out of southern China and into other countries in response to the latest government crackdown, sources said.
Alibaba to Stop Selling Crypto Mining Machines
The company said it was following Friday’s PBoC guidelines, but also taking note of global crypto regulation instability.
Chinese Ethereum Mining Pool BeePool to Shut Down Following Crackdown
The firm’s move came just after SparkPool, another top Chinese Ethereum mining pool, announced it was suspending operations.
IDX CIO on Selling Fully Out of Bitcoin Exposure
Quantitative asset manager IDX Digital Assets has sold all of its bitcoin holdings. IDX Chief Investment Officer Ben McMillan discusses why, citing news from China, global regulatory actions, and BTC’s speculative nature.
