Due to China’s crypto crackdown, Bitcoin miners relocate to Paraguay
In recent news, eight Bitcoin mining firms in China have made plans to relocate their operations to Paraguay. This will in no doubt increase the number of Bitcoin miners and mining activities in the area. In the aftermath of China’s crackdown on its domestic industry , eight China-related Bitcoin mining companies are intending to shift […]
Cryptocurrency will not suffer from China’s crackdown – Bobby Lee
In order to help Chinese citizens stay clear of high-risk investments, there has been regulatory pressure on crypto firms in China, however, most crypto firms globally are now putting measures in place to remain relevant. Bobby Lee, a Bitcoin (BTC) maximalist and Ballet CEO , recently acknowledged the ramifications of China’s ongoing cryptocurrency crackdown. Despite […]
The UK begins Crackdown on Misleading Crypto Advertisements
UK’s Advertising Standards Authority (ASA) is set to begin a crackdown on false crypto advertisements. This regulation will particularly find at fault any crypto advertisement without a disclaimer on the risks involved. The Advertising Standards Authority (ASA), a UK regulator, has declared a nationwide crackdown on false crypto advertising. According to the ASA, most crypto […]
In compliance with the crypto crackdown, the Chinese central bank shuts down software company
The Chinese central bank has shut down a software firm for alleged involvement in cryptocurrency trading. This is in compliance with the crypto crackdown earlier imposed by the government. According to reports, the Chinese central bank has taken down a software company based in Beijing on suspicion of engaging in crypto trading activities. The company […]
Binance’s Bitcoin holdings remain intact despite regulatory crackdown
The recent crackdown on Binance by six countries has not in any way affected its Bitcoin holdings. Supply remains strong and investors haven’t panicked as the case was during the crackdown on mining in China. Binance, the world’s largest cryptocurrency exchange by trading volume, has recently faced a host of regulatory challenges. More than six […]