BIT Mining was served with a notice on June 19 which stated that the Chinese power regulator was planning to suspend power supply to its Sichuan firm.
The global Bitcoin market suffers a stark decline with a fall to below $30000 after the news that the PBOC ban on crypto went viral.
Today we can observe a dramatic shift in Taleb’s position from what he had in 2017.
The LMAX Group will provide financial data to the Pyth Network using oracles which will further facilitate high-fidelity real-time trading on the decentralized blockchain network.
China’s actions related to the crypto ban could provide a welcome breeze to the other nations.
This is for the first time Sotheby’s will be accepting crypto payments against the auction of precious diamond “The Key 101.38″. The auction will take place next month at Sotheby’s Hong Kong.
MicroStrategy’s BTC acquisition spree is in line with its new corporate policy devised in late 2020. MSTR stock is down.
With the current BTC price, MicroStrategy’s total Bitcoin holding is worth more than $3.4 billion.
Coinbase listing was expected to bring more validation to the crypto market but recent events in China show the opposite effect.
The Basel Committee on Banking Supervision has released guidelines detailing huge capital requirements for banks looking to explore the crypto space.
Cardano founder Charles Hoskinson called Bitcoin outdated, owing to its inefficient community and work culture.
ABC, in the now-deleted post, cited recent guidance from the People’s Bank of China for its decision to continue its crackdown on cryptocurrency transactions.
China has urged the major banks of the nation to restrict all possible crypto operations in terms of BTC trading, clearing, and settlement of transactions which can be an added blow to the existing crypto operations in the nation.
Bitcoin price started crashing down as Chinese authorities announced a massive crackdown on the Sichuan region last weekend. Reportedly, 90% of the BTC mining machines have been shut down post this crackdown.
The recent Sichuan region ban has caused up to a 65% drop in GPU prices, cementing China’s continuous suspension of crypto mining operations.