After the State Council of China recently announced a crackdown on bitcoin mining and trading practices, several well-known mining pools and companies announced they are leaving China, and moving their businesses to other countries. Several mining platforms have announced that they are blocking IP addresses from China. The “mining” of virtual currency refers to the…
Binance Coin Loses Third Place in Cryptocurrency Ranking Amid US, German Investigations
News Analysis The Binance Coin recently dropped out of the top three in cryptocurrency market ranking as Binance, the world’s largest crypto asset trading platform, is being investigated by U.S. and German authorities. As of May 25, the Binance Coin (BNB) ranked fourth in market value at $50.8 billion, dropping from $90.5 billion, its market value on…
NTD Business Full Broadcast (May 19)
Volatile trading on wall street, stocks, commodities, and bonds all selling off. The crypto market lost $1 trillion in value at one point. Blowout earnings at Target as shoppers flooded back. Its sales went way up last quarter, and profit jumped 7-fold. Nearly half of parents who want to find childcare this summer will have…
Bitcoin Slides Below $40,000 After China’s New Crypto Ban
LONDON—Bitcoin tumbled below the $40,000 mark on Wednesday to a three-and-a-half month low as selling in digital coins intensified after China banned financial and payment institutions from providing cryptocurrency services. Bitcoin, the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk, but the news from…
CCP Cracks Down on Virtual Currency to Prevent Money Fleeing the Country
May 18, 2021
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Alexander LiaobitcoinCCPCCP economyChinaChina Business & Economycryptocurrencydigital currencyOpinionThinking About China
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Commentary For many years, the CCP (Chinese Communist Party) has acquiesced to digital currency operations in China. But in 2018, it began to restrict Bitcoin transactions while still secretly encouraging Bitcoin mining. However, now that large amounts of funds are fleeing the country through virtual currencies, Chinese authorities seem determined to crack down on it….
2nd Biggest Cryptocurrency Ethereum Breaks $4,000 to Hit Record High
LONDON/SINGAPORE—Cryptocurrency Ethereum broke $4,000 for the first time on Monday, climbing to a new peak for a third day in a row on bets it may find new uses, although some analysts said it was overvalued at current levels. Ethereum, the second-largest coin by market capitalization, jumped more than 6 percent to just below $4,175,…
Bitcoin Ban Practically Impossible and Governments Would Be ‘Foolish’ to Try: SEC Commissioner
Securities and Exchange Commission (SEC) commissioner Hester Peirce, who has earned the moniker “Crypto Mom” for her friendly stance on cryptocurrencies, told a MarketWatch virtual conference that any efforts to ban cryptocurrencies such as Bitcoin would essentially be doomed to failure and any government that tried would be “foolish.” Investment managers have warned that a…
Caruso Properties’ Tenants Can Now Pay Rent With Bitcoin
April 12, 2021
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bitcoinCaruso PropertiescryptocurrencyLos Angelesreal estateRegional-Local NewsSouthern CaliforniaUSUS News
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Los Angeles-based Caruso Properties is now allowing its tenants to pay rent with Bitcoin cryptocurrency. It’s the first to adopt the technology in the real estate industry, accepting Bitcoin for both residential and retail rents. Caruso Properties, one of the largest real estate and hospitality companies in the United States, has partnered with Gemini, a cryptocurrency exchange and custodian headquartered…
Bitcoin Can Now Be Used to Buy a Tesla, Elon Musk Says
Customers interested in buying a Tesla can now buy the electric vehicle with the cryptocurrency Bitcoin, the companies’ CEO Elon Musk said Wednesday.
Bitcoin ATMs Are Coming to a Gas Station Near You
A new feature has appeared at smoke shops in Montana, gas stations in the Carolinas and delis in far-flung corners of New York City: a brightly-lit bitcoin ATM, where customers can buy or sell digital currency, and sometimes extract hard cash. The machines have multiplied quickly through the United States over the past year, fueled…
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