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Tag Archives: China

US DOJ Issues International Cryptocurrency Enforcement Action

On Wednesday, the United States Department of Justice announced an international cryptocurrency enforcement action. The Department arrested the founder of Bitzlato – a Chinese crypto exchange involved in servicing financial criminals The DOJ broke the news on Wednesday, alongside representatives from the FBI, OFAC, and the Financial Crimes Enforcement Network (FinCEN). OFAC administers the US sanctions regime, while FinCEN monitors suspicious activity among financial...

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Bitcoin Study Claims Chinese Crypto Traders Are Price Gouging Korean Buyers, But They’re Not (Opinion)

There’s a crypto study out of South Korea recently of Chinese Bitcoin arbitrage traders and Korea’s “kimchi premium” on Bitcoin prices. Its characterization of the cross-border Bitcoin trade and recommendations miss some key economic foundations. A recently published crypto study by Incheon National University and the Bank of Korea is making the rounds. The authors found a strong correlation between the “kimchi premium” and international remittances to China. ‘Kimchi Premium’...

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Chess Master Garry Kasparov Is a Big BTC Fan

Renowned chess master Garry Kasparov has always been a big supporter of and believer in bitcoin despite its price having fallen so much. Garry Kasparov Gives His Thoughts on BTC In a recent interview, Kasparov talked about how he believed that the fusion of charitable acts and current technology could potentially help bring about new policies for delivering human rights to victimized parties and for helping the fight for freedom. He said: You know, I don’t pretend to be...

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El Salvador Is in Debt Because of BTC; It’s Turning to China for Help

El Salvador has lost so much for buying bitcoin that it’s now engaging in a new free-trade plan with China, something that’s causing many analysts to worry. They believe El Salvador’s sovereignty will eventually be up for sale, which could put the Central American nation into an even darker place. How Much Trouble Is El Salvador in? El Salvador has lost money due to its love for bitcoin. The country was the first in the world to declare bitcoin legal tender, doing so in...

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Erste Bitcoin- und Ethereum-ETFs in Hongkong

Erste ETFs auf Bitcoin und Ethereum in Hongkong. Ist das endlich der Durchbruch bei der Adoption von Bitcoin? Noch kurz bevor die ersten Bitcoin- und Ethereum-ETFs an der Hongkonger Börse notiert wurden – am 16. Dezember – sammelte der Vermögensverwalter CSOP Asset Management 79 Millionen US-Dollar ein an Investitionskapital für die neuen ETFs ein. Dies stellt einen Durchbruch für die Branche in einem vielversprechenden Markt dar – trotz der durch...

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Study: The United Kingdom Dominates Europe’s Crypto Arena

In a surprising twist, a new study suggests that the United Kingdom is at the head of the crypto scene in Europe. The study – conducted by blockchain analysis firm Chainalysis – says that the land of tea, crumpets, and top hats is number one when it comes to digital currency activity across the continent. The United Kingdom Is, Well, King! This is an odd situation given that the United Kingdom has not been the most crypto-friendly country. In fact, regulators have sought...

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Texas Is Still a Major Crypto Mining Hub

Over the past year or so, the state of Texas has become one of the go-to regions for people looking to either establish new crypto mining projects or continue what they’ve already started. Several months later, it doesn’t look like that trend is ending anytime soon. Texas Is Still a Mining Powerhouse Things began in the summer of 2021 after China announced it was going to end all crypto mining projects and dub them illegal. The news was shocking given the country hosted...

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Hong Kong Intends to Become a Crypto Hub, Could That Trigger Next Bull Run?

China’s autonomous special administrative region – Hong Kong – reportedly aims to legalize cryptocurrency retail trading and emerge as a digital asset hub. According to the Co-Founder of BitMEX – Arthur Hayes – the state’s vision and crypto adoption could propel a new bull market. What Is on the Agenda? A recent coverage by Bloomberg informed that Hong Kong’s authorities could enforce a friendly regulatory framework on cryptocurrencies in March 2023. Specifically, regulators...

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Arthur Hayes Says Bull Market Will Be Back When China and Hong Kong ‘Love Crypto’

China was emerging as the epicenter of the crypto industry. Within a decade, the country witnessed the spawning of giant exchanges like Binance Holdings Ltd. as well as the biggest Bitcoin mining firms. However, Beijing’s move to ban crypto trading and mining last year seemed poised to douse the entire domestic industry. Hong Kong, on the other hand, has always been China’s window to the world. According to Arthur Hayes, BitMEX co-founder, it is this deepwater port at the...

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