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“# Law Decoded: China FUD and false dichotomies, Sept. 20–27 ” In the wake of yet another iteration of China’s enduring crackdown on cryptocurrency, a particularly influential narrative on Crypto Twitter suggests that by banning Bitcoin (BTC), China has definitively put itself on the dark side of the struggle, while the collective West must now…
“# Second-largest Ethereum mining pool to suspend all operations ” Sparkpool, the second-largest Ethereum mining pool in the world, is suspending operations due to the ongoing Chinese crackdown on crypto. The mining pool officially announced Sept. 27 it has suspended access to new users in mainland China in response to Chinese authorities initiating new measures…
“# Uniswap (UNI) gains nearly 50% in 24 hours as China’s latest crypto purge boosts DEX tokens ” Uniswap (UNI) prices staged a solid rebound after crashing last week in the wake of China’s decision to intensify its anti-Bitcoin and cryptocurrency rhetoric. UNI price gained 14.90% on Mon to reach an intraday high of $26.26….
“# XRP is for payments, Bitcoin for ‘speculation,’ says former US Treasurer ” Amid the ongoing legal battle between Ripple and United States’ securities regulators, a former U.S. Treasurer and Ripple board member has voiced support for XRP. Former Treasurer Rosa Rios, who joined Ripple’s board of directors in May 2021, took to Twitter on…
“# Huobi outlines plan for Chinese investors after halting crypto trading ” The uncertainties sparked by China’s blanket ban on crypto trading have taken a downturn as homegrown crypto exchanges such as Houbi take proactive measures to protect and return existing investments residing on the mainland. Speaking to Cointelegraph in this regard, Du Jun, co-founder…
“# Derivatives DEX dYdX beats out Coinbase by volume amid China FUD ” Decentralized derivatives exchange dYdX has seen a surge in trade activity as concerns surrounding a renewed Chinese crypto crackdown have circulated this year, with the DEX now processing more volume than Coinbase for the first time. According to CoinGecko, dYdX has facilitated…
“# Top 5 cryptocurrencies to watch this week: BTC, AVAX, ALGO, XTZ, EGLD ” China has attempted to stifle the crypto sector’s growth on several occasions in the past 12 years but barring a minor blip, the blanket bans on crypto-commerce have not altered the long-term growth of cryptocurrencies. This shows that no one country,…
“# Ethereum price gets back to $3K as institutional investors pile into ETH futures ” Ethereum’s native token Ether (ETH) staged a rebound on Sept. 26 following a massive decline earlier this week that saw its prices plunging to as low as $2,651 on Coinbase. The ETH/USD exchange rate rose 3.63% to hit an intraday…
“# Blockchain will transform government services, and that’s just the beginning ” Governments are tasked with bringing fair and efficient services to the public. Unfortunately, providing transparency and accountability often results in a reduction in efficiency and effectiveness or vice versa. Governments are usually forced to choose to improve one at the cost of the…
“#Biden the latest in Wall Street’s presidential losing streak” Oops, they did it again. Wall Street has a notoriously horrible record in recent years of backing presidential candidates who sound good on paper but ultimately turn out to be duds. Add Joe Biden to the list. Not only are C-suite executives at the big investment…