Analysts and traders are linking Bitcoin’s bearish turn with the growing strength of the U.S. dollar, but data suggests otherwise.
Chinese Bitcoin mining shakeout may have surprise BTC price consequences — analyst
Bitcoin’s production cost is dropping, and price action often rebounds to new highs if it dips below it, data shows.
Miami mayor offers city’s clean nuclear power to Chinese Bitcoin miners
Mayor Francis Suarez wants to make Miami a Bitcoin mining hub by offering the city’s cheap, clean nuclear energy supply.
City in Sichuan reportedly orders crypto miners to shut down for investigation
Crypto miners in Ya’an City have reportedly been ordered to temporarily shut down their operations.
Pantera CEO: Crypto market ‘panic’ is subsiding, now’s the time to buy
The Pantera boss cited three primary reasons why crypto markets dumped a trillion dollars in market cap.
Diversification into Bitcoin a ‘prudent move,’ says Bloomberg strategist
The statement appeared as Bitcoin investors waited for fresh economic projections from the Federal Reserve and China pledged to release metal reserves amid concerns over commodity rally.
Crypto exchange Huobi has reportedly stopped letting new users trade derivatives
Chinese journalist Colin Wu speculated that the move from the crypto exchange would likely drive users to Binance for higher leveraged trades.
China-based Rangers Protocol raises $63M via private equity round
Rocket Protocol has been rebranded to Rangers Protocol after completing a major investment round. Pantera, Huobi Ventures Blockchain Fund and Alameda Research are among the backers.
China’s Xiong’an New Area Begins Using Digital Yuan for Salary Payments
The country is testing the currency in different pilots.
China debuts blockchain-based digital yuan salary payments in Xiong’an
China reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area.
Bitcoin Mining Council unveils details, confirms Elon Musk has ‘no role’
MicroStrategy boss Michael Saylor heads up the group which aims to foster Bitcoin education.
Shanghai Man: Bitcoin interest drops in China amid crackdown on social media and miners
Xinjiang crypto miners forced to shut down, Antpool hash rates drop by 30%, and Baidu and Weibo try to scrub crypto players from their platforms.
Bitcoin miner Luxor eyes North American expansion with $5M funding round
Luxor and NYDIG have teamed up to foster growth for the North American crypto mining industry.
Chinese search engines block results for top crypto exchanges
Typing in the keywords for crypto exchanges Binance, OKEx and Huobi on Chinese search engines is currently pulling up no results.
Chinese government agency issues blockchain development roadmap
China’s “blockchain not crypto” stance continues as one government agency publishes guidelines to accelerate the adoption of tokenless blockchain solutions.
Chinese social media giant Weibo reportedly bans crypto-related accounts
The government doesn’t want a Chinese version of Elon Musk, an expert said.
Southern China warns investors against illegal token platforms
China’s southern Hainan province is the latest to warn investors against crypto-based fundraising schemes.
China to hand out $6.2M in new digital yuan trial in Beijing
Beijing residents should apply to participate in the lottery until midnight on June 7.
Nasdaq listed Bitcoin miners urge China to open doors to green mining
The CEO of Canaan Inc called for a less indiscriminate mining ban in China.
Digital yuan conceived to counter Alipay-like platforms, says former PBoC executive
Chinese “crypto dad” and ex PBoC director Yao Qian insists digital yuan is not a surveillance tool for the government.