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.
XingChiA 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.
WenJunElon Musk and President Nayib Bukele discussed global innovation and technology but avoided crypto conversations during their meeting in Austin. Musk praised Bukele’s leadership, while El Salvador’s Bitcoin investments continue to show positive returns.
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.
AnaisChinese unicorn Hashkey Capital, in collaboration with Bosera Funds, announces the trading commencement of their Bitcoin and Ethereum spot ETFs on April 30.
WeiliangTigran Gambaryan, a Binance executive, faces prolonged detention in Nigeria due to postponed bail hearing and impending trial on money laundering charges. His family and experts argue he's being unfairly targeted, potentially as a scapegoat for Nigeria's economic struggles, while Binance's compliance practices are under scrutiny.
AnaisSince adopting crypto donations, two out of the three leading charities based in the US have amassed over $2 billion in contributions since the beginning of the year.
KikyoCoinbase launches $15M ad campaign across major networks, showcasing crypto's simplicity and efficiency compared to traditional finance, using a unique pizza analogy.
AlexMeta AI's integration into Facebook, Instagram, and WhatsApp sparks frustration among users due to disruptive changes and the inability to disable it, raising concerns about user control and privacy. Despite Meta's investment in AI technology and its benefits, mixed reactions highlight the need for platforms to prioritise user experience and transparency in AI integration.
WeatherlyNubank enhances its app, offering Bitcoin, Ethereum, and Solana transactions, signaling a major advance in integrating cryptocurrencies into banking services.
AlexA well-known financial blog suggests that the significant increase in capital outflows from China has been a key catalyst driving the continuous surge in Bitcoin prices since 2015.
BrianThe allure of meme coins seems irresistible to the hedge fund industry. Last December, when Dogwifhat (WIF) became the hottest token in the cryptocurrency space, Stratos, whose limited partners include venture capitalists Marc Andreessen and Chris Dixon, was not the only hedge fund to venture into meme coins.
AlexZKasino faces backlash for misusing $33M in funds, misleading investors with unfulfilled technology promises, leading to accusations of fraud and distancing by investors.
MiyukiA false CBN circular spurs fears, leading to widespread uncertainty and potential crackdown on crypto exchanges in Nigeria, affecting traders and market stability.
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