China
Cash for CBDCs at Beijing ATMs; Asia Sees New Unicorn in Amber Group
More than 3000 ATMs from ICBC, AgBank in China to offer CBDC-to-cash swap. ‘Crypto king’ nabbed in India as government re-evaluates regulatory bill. HK-based Amber Group becomes Asia’s latest unicorn after raising funds. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Go West, Bitcoin! Unpacking the Great Hashrate Migration
All signals indicate the greatest shakeup in the geographic makeup of bitcoin mining since the start of the industrial mining era.
Chinese Bitcoin Mining Company Delivers First Machines to Kazakhstan
BIT Mining expects to deliver another two batches of machines by the start of July.
Market Wrap: Bitcoin Slides to Two-Week Low, Ether to Below $2K as China Reiterates Crypto Ban
CME's bitcoin futures goes into "backwardation" and BTC inflows to exchanges rise as China "FUD" continues.
Chinese Logistics Firm Airlifting Bitcoin Mining Machines to Maryland: Report
"Compared to the amount of miners that get shipped regularly, it's just a small batch," a mining source told CoinDesk.
China Says Banks Must Block Crypto Transactions; Market Falls
China's central bank says institutions must not provide trading, clearing and settlement for crypto transactions.
Ether Drops Below $2K, Bitcoin Wilts as China Tells Banks to Cut Off Crypto Transactions
China's central bank said major financial institutions must stop providing trading, clearing and settlement for crypto transactions.
Agricultural Bank of China Reiterates Ban on Crypto: Report
A statement posted on its website citing guidance from the People's Bank of China was subsequently deleted.
Bitcoin Remains Relatively Resilient Post-Fed as Fiat Currencies Drop Against Dollar
CoinDesk Managing Editor of Technology Christie Harkin and Managing Editor of Markets Brad Keoun discuss this past week's top stories moving the crypto markets, including the Fed's announcement of raising interest rates, hedge funds pledging more capital to crypto, the impact of El Salvador's currency law, rising ESG concerns, China's crackdowns on bitcoin mining operations, and Taproot activation.
