Bitcoin, Ether Dip in ‘Bearish Asia Session’ as China Rate Cut Fails to Inspire Risk Buying
Bitcoin has carved out most of its year-to-date gains during the American hours. Bitcoin and ether were again trading lower in Asian hours, continuing the…
Tag: China
Bitcoin, Ether Lose Ground as Twitter CFO Rules Out Crypto Investment, Dollar Index Hits 16-Month High
Ned Segal’s comments likely provided a reason for traders to take some risk off the table in the wake of the rising dollar and U.S.…
SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump, Blockchain Data Shows
A new force is behind shiba inu’s most recent price surge. Shiba inu, the self-proclaimed dogecoin killer, briefly surpassed DOGE in market value on Wednesday,…
China FUD Over Bitcoin Mining Is ‘Now Moot,’ Luxor Report Says
Bitcoin’s hashrate is expected to climb back near its all-time highs, potentially helping mining profitability, as China’s grip on the sector subsides. The ”Fear, Uncertainty…
Ahead of Crackdown, Huobi Scrambled to Move Staff Out of China, Insiders Say
Interviews with former and current employees shine new light on the crypto exchange’s complicated relationship with its home country. Months before China’s latest crackdown, the Huobi…
Leading Crypto Mining Machine Maker Bitmain Said to Halt Sales in China
Beijing-based Bitmain will also move most of its production out of southern China and into other countries in response to the latest government crackdown, sources…
Bitcoin Drops $2K as China Declares Cryptocurrency-Related Business Illegal
Bitcoin erased Thursday’s 3% gain as PBOC stepped up its crackdown on crypto China strengthened its anti-crypto stance on Friday, torpedoing bitcoin’s two-day winning run.…
Market Wrap: Bitcoin Declines Into the Weekend, as Volatile Month Continues
The technical charts suggest further downside is likely as sellers react to extreme overbought conditions since March. Bitcoin traded lower on Friday as the price…
Crypto Long & Short: Peter Thiel Defines Bitcoin’s Accidental Role in Global Politics
Thiel’s comments about China “weaponizing” bitcoin to hurt the U.S. are a warning about the cost of inaction. The battle over bitcoin’s evolving role just…
The Rise of the Bitcoin Class
I’ve tried various ways to convince my Dad, a typical Chinese boomer, to allocate part of his hard-earned money into bitcoin, but most of my…