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“# Altcoin Roundup: DEXs come to the rescue after China bans crypto ” Over the past few months, there have been some major developments coming out of China that have rocked the cryptocurrency market and the global financial markets. China’s Evergrande debt repayment crisis sent shockwaves throughout global equities markets, as well as the United…
“# Powercrypto Holdings to launch BTC & ETH mining in Hong Kong ” A subsidiary of the blockchain software provider Powerbridge Technologies, Powercrypto Holdings, has announced the launch of a sustainable cryptocurrency mining initiative for Bitcoin (BTC) and Ether (ETH) in Hong Kong. The company plans to deploy a total of 2,600 first-grade mining rigs,…
“# Tether fires back against report it is using reserves for investments and making crypto-backed loans ” Tether (USDT), the largest stablecoin issuer by market capitalization, has refuted the details of a Bloomberg story on its reserves holdings. In a Thursday report, Bloomberg journalist Zeke Faux made numerous claims against Tether, including that its chief…
“# Billionaire Ken Griffin slams crypto as ‘jihadist call’ against the greenback ” Hedge fund billionaire Ken Griffin and former U.S. President Donald Trump have both slammed digital currencies as a threat to the U.S. dollar. Griffin, the founder of the $38 billion hedge fund Citadel LLC, told the Economic Club of Chicago on Oct….
“#Chinese detective claims Uyghur prisoners beaten, tortured, raped” Chinese authorities subjected Uyghur Muslim detainees to being hanged from cell ceilings, tortured with electric batons and gang-raped by fellow prisoners, a former detective claimed in a bombshell interview. The ex-officer, who was only identified as Jiang over fears the Chinese government would retaliate against his family…
“# Hash rate and difficulty rebound shows miners have recovered from China exodus ” Bitcoin mining operations are on the path to full recovery following the most dramatic short-term disruption in network history earlier this year, and miners are reaping the rewards in revenues. In its Oct. 4 Week on Chain report, on-chain analytics provider…
“# Bitcoin got stronger despite government crackdowns, says Edward Snowden ” Edward Snowden has touted the antifragility of Bitcoin (BTC) despite increasing regulatory scrutiny on cryptocurrencies around the world. Tweeting on Sunday, the former Central Intelligence Agency (CIA) agent stated that Bitcoin has gotten stronger on the back of government bans and anti-crypto policies. Snowden’s…
“# Hong Kong exploring CBDC as part of fintech strategy ” On Monday, the Hong Kong Monetary Authority (HKMA) released an official white paper exploring the potential of a retail-focused central bank digital currency (CBDC), the digital Hong Kong dollar (e-HKD). According to the document, the HKMA will seek to understand the “potential architectures and design…
“# Actions speak: China’s crypto ban may reveal digital yuan CBDC goals ” Chinese regulatory authorities gave yet another shock to the cryptoverse by imposing a ban on all cryptocurrency transactions on Sept. 24. This measure came just as the market was beginning to recover from the government’s June prohibition on cryptocurrency mining activities. The…
“# Bitcoin history repeating? 3 indicators suggest October will reignite the BTC bull market ” Bitcoin (BTC) failed to break the so-called September curse as its price fell by a little over 7% into the month, despite a strong rebound rally right ahead of its close. Nonetheless, Bitcoin looks to be making a comeback in…