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China
ASEAN+1 Pledge to Advance Blockchain; PayPal to Launch Wallet in China
Blockchain and fintech groups in five ASEAN countries and Australia sign memos to advance blockchain innovation together. The consortium hopes to engage regional regulators as blockchain draws more attention from institutions. PayPal announces plans to launch a new domestic wallet in China, with a focus on cross-border payments.
How a Chinese Mining Accident Caused a Bitcoin 'Flash Crash'
Blackouts in China caused by coal plant accidents have been blamed for knocking out the world's biggest bitcoin mining operation in Xinjiang and cutting the global hashrate by nearly 50%. But despite the panic, the Bitcoin network continued to function normally. Jason Les of Riot Blockchain joins "First Mover" to discuss the resilience of the Bitcoin network.
During Bitcoin's Latest Price Crash, 'Tether Premium' Shows Where Money Went
The stablecoin's price in dollars surged during the recent market correction to the highest since the "Black Thursday" sell-off in March 2020.
What's Scaring the Bitcoin Markets?
Bitcoin's price has been relatively stagnant after taking a nosedive over the weekend due to Twitter rumors and a series of mining accidents in China that impacted the hashrate. What's scaring the markets? Charlie Morris of ByteTree joins "First Mover" to share his thoughts on what's impacting the price of bitcoin and why dogecoin is spiking.
China Calls Crypto an ‘Investment’; Crypto Demand Bounces Back in Asia
China gives the “alternative investment” label to crypto and hints at reserving a seat for digital assets in the country’s digital economy. Meanwhile, exchanges in Asia recover from crypto’s weekend price crash and see spikes in bitcoin long orders. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
PBoC Softens Tone Toward Bitcoin, Stablecoins, Calling Them 'Alternative Investment'
The deputy governor said bitcoin and stablecoins were investment options and not currency during the Boao Forum on Sunday.
Did a Coal Mine Accident in China Impact the Bitcoin Hashrate?
A series of accidents at Chinese coal mines cut power to several Chinese bitcoin miners, which has made a slight impact on the overall bitcoin hashrate. Christie Harkin explains the situation. Plus, is bitcoin due for a correction, or will the bull market continue?
How Accidents in Chinese Coal Mines Are Affecting Bitcoin Mining
The explosions took nearly a quarter of Bitcoin's hashrate offline, but the network is operating normally and these miners could be back online in as soon as a week.
US Policy Adviser Rebuts Peter Thiel: Bitcoin Won't Undermine USD
One policy maker says China is unlikely to use bitcoin as a financial weapon against the U.S. dollar.
Dogecoin Swells Over 80% in Asia Hours; China’s CBDC Pilots Turn One
Dogecoin prices surged during Asia trading hours, thanks to celebrity hype from Tesla CEO Elon Musk and fellow billionaire Mark Cuban.