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China
Developer of China's Blockchain-Based Service Network Gets $30M in Series A Funding
The funding will go towards bolstering BSN's team as well as expanding the firm's global market for its platform.
Americans Earned Over $4B in Bitcoin in 2020, More Than Triple the Investors in Other Countries
A new study that shows which countries have realized the most bitcoin gains reveals American investors earned over $4 billion in bitcoin in 2020, more than triple that in any other country. CoinDesk’s Director of Data and Indexes Galen Moore digs into the data.
Bitcoin Hashrate Declining Amid China Crackdown
The bitcoin hashrate tumbles amid more crypto mining operations in China shutting down. The country’s Qinghai province is the latest to announce a new crypto ban, following Xinjiang and inner Mongolia. Darin Feinstein of Blockcap, one of North America’s largest miners, weighs in.
Bitcoin Hashrate Plunging Amid China Crackdown
The bitcoin hashrate, which stands for the global computing power used to process transactions on the Bitcoin proof-of-work blockchain, is plunging to its lowest level since last November as several provinces in China are shutting down crypto miners. Christine Lee breaks down the data in today’s Chart of the Day.
Looming ‘Death Cross’ Could Signal Bitcoin Bear Market
A death cross occurs when the 50-day moving average crosses below the 200-day moving average.
Chinese Police Arrest 1.1K People on Crypto-Related Money Laundering Charges
This is the fifth round of a nationwide crackdown on money-laundering activities related to telecom fraud in China, dubbed “Operation Card Breaking.”
El Salvador Becomes First Country to Officially Adopt Bitcoin as Legal Tender
CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De explains the significance and potential ripple effect of El Salvador officially adopting bitcoin as legal tender. Plus, a look at the U.S. Senate approving a $250 billion bipartisan technology and manufacturing bill to counter China on technological advancement.
China's Qinghai Province Has Ordered All Crypto Miners to Shut Down
It follows orders to other provinces, including Xinjiang and Inner Mongolia, to shut down miners.
Chinese Internet Services Are Censoring Binance, Huobi and OKEx-Related Keywords
The move comes as officials in mainland China have upped the pressure on crypto mining and trading.
Some Xinjiang Bitcoin Miners Instructed to Shut Down: Report
The local government of Changji in Xinjiang has instructed miners at the Zhundong Economic Technological Development Park to shut down mining activities.
