China
Looming ‘Death Cross’ Could Signal Bitcoin Bear Market
A death cross occurs when the 50-day moving average crosses below the 200-day moving average.
Chinese Police Arrest 1.1K People on Crypto-Related Money Laundering Charges
This is the fifth round of a nationwide crackdown on money-laundering activities related to telecom fraud in China, dubbed “Operation Card Breaking.”
El Salvador Becomes First Country to Officially Adopt Bitcoin as Legal Tender
CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De explains the significance and potential ripple effect of El Salvador officially adopting bitcoin as legal tender. Plus, a look at the U.S. Senate approving a $250 billion bipartisan technology and manufacturing bill to counter China on technological advancement.
China's Qinghai Province Has Ordered All Crypto Miners to Shut Down
It follows orders to other provinces, including Xinjiang and Inner Mongolia, to shut down miners.
Chinese Internet Services Are Censoring Binance, Huobi and OKEx-Related Keywords
The move comes as officials in mainland China have upped the pressure on crypto mining and trading.
Some Xinjiang Bitcoin Miners Instructed to Shut Down: Report
The local government of Changji in Xinjiang has instructed miners at the Zhundong Economic Technological Development Park to shut down mining activities.
Bitcoin Jumps Most in 2 Weeks to $36K After El Salvador Passes Currency Law
The cryptocurrency is up from a low price of about $31,000.
India Crypto Feud Continues; Korea Mining Thief Busted
India’s crypto industry takes matters into its own hands. Canaan offers service in Kazakhstan as miners flee China, and a crypto thief in Seoul is busted. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bitcoin Suffers Steepest Drop in 10 Days as US Monetary Policy Causes 'Short-Term Jitters'
Bitcoin continues its descent amid whispers of U.S. Federal Reserve tapering economic stimulus and China's ongoing pressure on crypto miners.
Chinese Social Media Bans Crypto Accounts; Seoul Tightens Rules on Crypto Trading
Dozens of Weibo crypto accounts were banned over flouting platform guidelines and laws. Executives and employees of SK crypto exchanges were barred from trading on their platforms. A Chinese chipmaker launches chip that supports ETC and ETH mining. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
