Bitcoin: China Quietly Controls 55% of Global Bitcoin Mining Despite 2021 Crypto Ban
China has shown great resilience, controlling more than 55% of Bitcoin mining despite ban.
XingChiChina has shown great resilience, controlling more than 55% of Bitcoin mining despite ban.
XingChiSweden's authorities are cracking down on unlicensed cryptocurrency exchanges involved in organised crime and money laundering. They are also targeting Bitcoin mining operations, uncovering 90 million SEK in unpaid taxes from 18 firms.
WeatherlyA Bitcoin whale wallet was reactivated after nearly 11 years, sparking speculation of a connection to Satoshi Nakamoto. Data shows an increase in both large and small wallets, while mid-tier holders have decreased, reflecting a changing Bitcoin market.
WenJunAt TOKEN2049 Singapore, Vitalik Buterin delighted the audience with a surprise performance of the Castle in the Sky theme song. He also discussed Ethereum’s reduced transaction fees as crucial for mainstream adoption and emphasized the need to balance decentralisation with practicality.
CatherineAccording to data collected on the chain, China's cryptocurrency holdings are estimated at $11 billion, and the US government's holdings are ranked first at $12.2 billion. In terms of companies, Musk's Tesla ranked only fourth, lagging behind MicroStrategy's $14.768 billion.
AlexMicroStrategy plans to raise $875M through bond issuance, aiming to repay debt and further increase its substantial Bitcoin holdings.
EdmundLouisiana to accept cryptocurrency for state services, while Donald Trump buys burgers with Bitcoin, marking a milestone for digital payments.
Xu LinBitcoin's bullish trend aligns with the Fed’s aggressive rate cuts and economic optimism, though election uncertainty looms large.
WenJunBhutan has become a major Bitcoin player by mining 13,011 BTC, worth around $780 million, through a partnership with Bitdeer and using its hydropower resources. This mining initiative, which has boosted Bhutan’s capacity to 600 megawatts, represents a third of its GDP and reflects a strategic shift towards digital assets.
AnaisX's CTO confirms plans to introduce Dogecoin payments, aligning with Musk's broader vision.
AlexJudge denies Bankman-Fried's request for sentencing delay; maintains March 28, 2024 date.
KikyoThis marks the first transaction in the domain of cross-border digital yuan (e-CNY) payments in the precious metals market.
BrianRamp Network (RAMP), a financial technology company, is facilitating access to The Open Network (TON) blockchain ecosystem for millions of Telegram users. This integration enables an easy entry into the world of Web3 for Telegram's massive user base.
JoySanctioned Russian, Mikhail Klyukin, stirs controversy with £15M crypto share sale via Copper, sparking legal scrutiny and regulatory concerns.
Hui XinX experiences a global outage, affecting user feeds.
KikyoPositioned as the "1st community-owned ZK Layer 2," ZKFair leverages on Polygon's Cloud Development Kit (CDK) and Celestia DA's ZK-L2, with technical support from Lumoz RaaS.
BrianUbisoft's latest release, Champions Tactics: Grimoria Chronicles, has stormed the NFT market, achieving an outstanding $2 million in sales shortly after its public debut. This unexpected success has not only turned heads within the gaming community but has also sparked a frenzy in the crypto world.
JoyFTX's ex-CEO Sam Bankman-Fried's bid for sentencing delay denied; pre-sentencing interview proceeds as planned, maintaining the current sentencing date.
Hui XinBritish and Singapore courts have frozen over $1 billion in assets of Three Arrows Capital's founders amid ongoing legal struggles and a broader crypto market downturn.
Alex