Chinese Authorities Plan Crackdown on Crypto Mining in Inner Mongolia

Chinese regulators look to new regulation for crypto mining in Inner Mongolia Source link

Popular ICO GXChain Faces Apparent Chinese Police Crackdown

The Chinese government has reportedly shut down a popular and well-funded crypto company called GXChain, which at its peak had a market cap of over $600 million USD. News of this crackdown swiftly led GXChain’s price to plummet, and once more official news surrounding this crackdown is released it is highly probable that the crypto’s […]

Crypto Tidbits: Bakkt’s Bitcoin Futures, Coinbase & Xapo, IRS Cryptocurrency Crackdown

Another week, another of Crypto Tidbits. While this week was crazy bearish for the Bitcoin price, the fundamental developments seen made up for the market collapse. Bakkt revealed that it will be finally launching its Bitcoin futures product; Coinbase made a large acquisition of a facet of Xapo; and Binance revealed that it will be […]

Iran’s Use of Bitcoin to Avoid Sanctions May Fuel U.S. Regulatory Crackdown

The crypto markets have been flooded with a torrent of news regarding how top government officials in the US feel about Bitcoin (BTC) and cryptocurrencies, with U.S. President Donald Trump saying that he is “not a fan” while his Treasury Secretary, Steve Mnuchin, explained that crypto is a “national security” issue. Now, countries that are […]

US is About to Crackdown on Entire Bitcoin Industry: Mati Greenspan

The United States government is about to crack down on the entire bitcoin industry, according to Mati Greenspan of eToro. The senior market analyst tweeted on Monday that Treasury Secretary Steven Mnuchin’s remarks on Facebook’s controversial payment project, Libra, is alarming for the entire cryptocurrency sector. Mnuchin in his latest briefing at the White House […]

UK Announces ‘Dirty Money’ Crackdown, Including Tougher Crypto Regime

The U.K. government has drawn up an action plan aimed to combat financial crimes that it says will include a new regime for crypto assets. Source link

Iran Bitcoin Miners Set Up Shop in Mosques Amid Gov’t Crackdown

Bitcoin mining, while frowned upon in Iran, is giving Iran’s economy a much-needed boost Source link

Monero (XMR) Surges 25.3% As Developers Crackdown On ASIC Miners

Monero (XMR) spikes 25.3 percent RandomX under audit In Monero, decentralization is vital. As a result, the next enhancement of its mining algorithm, via RandomX, is a step in the right direction. Eventually, the hash rate will pick up as more ordinary miners flow back. In turn, their participation will fortify the network, instilling confidence, […]