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“# Bitcoin price dips to $32.5K on ‘consistent’ new China FUD ” Bitcoin (BTC) shed $1,000 in minutes on June 21 as fresh news from China succeeded in routing bulls yet again. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 3rd biggest Chinese bank warns on crypto Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting…
“# Bitcoin hashrate hits 8-month low as Chinese miners power down ” Bitcoin’s hashrate has fallen to its lowest levels since early November as mining operations in China start unplugging. Bitcoin’s network hashrate, a measure of its computational horsepower, has slumped 46% since its peak level in mid-May. According to Bitinfocharts, Bitcoin hashrate is currently…
“#Biden’s first foreign trip only showcased his own weakness” “We’ve gotten a lot of business done on this trip,” Joe Biden declared in Geneva, the final stop on his first overseas tour as president. Not one reporter at the press conference called him on the absurd claim. Of course, he started the “presser” after his…
“# Data suggests the strong US dollar makes Bitcoin weaker argument is flawed ” At the moment, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative. For the past few weeks, analysts…
“#Beijing not bothered by Biden’s lame bid to rally Europeans against China” Beijing isn’t looking too impressed by President Joe Biden’s efforts to rally Europe into a common front at the G-7 and NATO summits. Getting the allies to join in confronting Beijing’s various outrages was the top priority of his first overseas trip as…
“#Pacific undersea cable project sinks after U.S. warns against Chinese bid” SYDNEY/BEIJING, June 18 – A World Bank-led project declined to award a contract to lay sensitive undersea communications cables after Pacific island governments heeded U.S. warnings that participation of a Chinese company posed a security threat, two sources told Reuters. The former Huawei Marine Networks, now called HMN Technologies and majority owned by Shanghai-listed…
“#’Elf ears’ are the creepy new plastic surgery trend in China” For centuries, pointy elven ears were viewed by many as an undesirable beauty flaw — now young people are lining up to get them. In China, many women are getting dangerous plastic surgery to attain “elf ears.” Most, though, are not striving to look like…
“# City in Sichuan reportedly orders crypto miners to shut down for investigation ” Chinese authorities continue to crack down on cryptocurrency mining as a city in Sichuan province has reportedly halted local Bitcoin (BTC) mining farms. Authorities in Ya’an City, a prefecture-level city in the western part of Sichuan province, have ordered local Bitcoin mining…
“# Shanghai Man: Economist says El Salvador ‘on road to death’, salaries paid in e-CNY … ” Our Man in Shanghai has refused to let recent regulations slow down the news coming from China. Enterprise blockchain, central bank digital currencies and start up projects continue to make a positive impact in a region hoping to…
“#Biden’s tough new line against Beijing is a tribute to Donald Trump” A key storyline of President Joe Biden’s overseas trip was how different Biden was from his immediate predecessor, and indeed he was — except in one crucial area: Biden’s hawkishness on China, which figured prominently, was a reflection of how fundamentally former President…