China

Ethereum, Uniswap Price Analysis: September 27, 2021

Source Node: https://coingape.com/ethereum-uniswap-price-analysis-september-25-2021/
Time Stamp: September 27, 2021 1:10 AM - Modified On: September 27, 2021 - Published By:
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Republished By Plato

By John Isige Published 8 hours ago Updated 6 hours ago Ethereum leads altcoins into recovery after rebounding from last week’s crash to the 100-day SMA. Uniswap gains 35% in 24 hours, testing the $25 hurdle after leaving support at $17.5 in the rearview. The crypto market is making a comeback in the green with a bang as the week takes off. Trading over the week mainly favored the bulls after they defended crucial support levels last Friday. Volatility shot up following news that China has revolutionized crackdown on crypto

Bitcoin (BTC) Whales Care A Little About China’s Crypto Ban, Accumulation Increases

Source Node: https://coingape.com/bitcoin-btc-whales-care-a-little-about-chinas-crypto-ban-accumulation-increases/
Time Stamp: September 27, 2021 12:19 AM - Modified On: September 27, 2021 - Published By:
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Republished By Plato

Last Friday, September 24, China intensified its crackdown on crypto making all crypto-related transactions illegal in the country. The investors’ reaction was obvious as the crypto market plunged immediately following the news. advertisement But it seems like Bitcoin whales care a little about the recent China ban. As of press time, Bitcoin (BTC) is trading 4.5% up at a price of $44.030 and a market cap of $827 billion. It means strong whale purchases have recovered almost 80% of the last market dip. Citing data from Santiment, crypto analyst Lark

Ten crypto exchanges in South Korea applied for registration hours before deadline

Source Node: https://bitcoinerx.com/bitcoin/ten-crypto-exchanges-in-south-korea-applied-for-registration-hours-before-deadline/
Time Stamp: September 26, 2021 3:45 AM - Modified On: September 26, 2021 - Published By:
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Only 10 out of dozens of cryptocurrency exchanges in South Korea were able to register with local authorities before time runs out on them on Friday, information on the country’s financial regulator’s website shows. On Friday, crypto exchanges Gdac, Five, OK-BIT, Graybridge, Flat Thai X, Prabang and digital currency custodian Gameper, to name a few, made progress in their registrations. South Korean authorities are still expecting at least 18 other crypto exchanges to complete their applications by Friday. In April, South Korea’s Financial Services Commission (FSC) required that all crypto

Italian Payments Giant Nexi Involved in Digital Euro Project

Source Node: https://news.bitcoin.com/italian-payments-giant-nexi-involved-in-digital-euro-project/
Time Stamp: September 24, 2021 2:00 AM - Modified On: September 24, 2021 - Published By:
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Republished By Plato

Nexi, a leading European payments company, is reportedly giving advice to the European Central Bank (ECB) related to the digital euro project. The announcement was made by Nexi’s CEO Paolo Bertoluzzo, who also gave his opinion about the future of central bank digital currencies (CBDC) and cryptocurrencies during the Money 20/20 fintech conference in Amsterdam. Nexi Advising ECB on Digital Euro Issues Nexi, one of the biggest payments companies in Europe, is working in tandem with the European Central Bank toward the creation of a digital euro, according to statements

What are the chances of these entities attacking the Bitcoin network

Source Node: https://ambcrypto.com/what-are-the-chances-of-these-entities-attacking-the-bitcoin-network/
Time Stamp: September 15, 2021 8:30 PM - Modified On: September 15, 2021 - Published By:
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A question that lingers in the minds of most traders is, what would happen if Bitcoin were hacked? During an episode of the Unchained podcast, host Laura Shin brought together Ethereum Foundation researcher Justin Drake and author Vijay Boyapati to debate whether a 51% attack on Bitcoin would be possible – and who could do it. A 51% attack. . .in dollars Boyapati began by proposing the idea that security was a spectrum and not a binary. For example, users and even networks might require a different number of transaction

BIS partners with Australia, Malaysia, Singapore, South Africa for CBDC trials

Source Node: https://ambcrypto.com/bis-partners-with-australia-malaysia-singapore-south-africa-for-cbdc-trials/
Time Stamp: September 2, 2021 8:30 AM - Modified On: September 2, 2021 - Published By:
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The Bank for International Settlements (BIS), spearheaded by Singapore, will test the use of central bank digital currencies (CBDCs) for efficient global payments. Via a recent press release, the BIS announced that it is joining forces with the central banks of Australia, Malaysia, Singapore, and South Africa to examine a direct, shared platform for international payments. The experiment, under Project Dunbar, aims to reduce costs and increase the speed between cross-border payments by institutions. According to Andrew McCormack, Head of the BIS Innovation Hub Centre in Singapore, “Project Dunbar brings

China: Is the PBoC’s new ‘reminder’ on Bitcoin’s status really new

Source Node: https://ambcrypto.com/china-is-the-pbocs-new-reminder-on-bitcoins-status-really-new/
Time Stamp: August 27, 2021 9:30 PM - Modified On: August 27, 2021 - Published By:
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“We remind the people once again that virtual currencies such as Bitcoin are not legal tenders and have no actual value support.” The People’s Bank of China [PBoC] has once again raised an alarm about the use of cryptocurrencies in light of its recent crackdown. According to local reports, the central bank took a shot at Bitcoin, commenting that such virtual currencies cannot compete with existing legal tender. Yin Youping, Deputy Director of the Financial Consumer Rights Protection Bureau of the PBoC, argued that cryptos are not backed by any

Study Finds NFT Industry Shows Some Undesirable Signs

Source Node: https://beincrypto.com/study-finds-nft-industry-shows-some-undesirable-signs/
Time Stamp: August 27, 2021 3:15 PM - Modified On: August 27, 2021 - Published By:
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A new report finds activity in the NFT community is organic, though there are undesirable signs among investors. Sponsored Sponsored Recently, Nansen, a blockchain analytic platform released a report with new findings on the emerging non-fungible token space. According to the reports there is a large amount of healthy, “organic” growth in the NFT industry.  However, despite the good signs of progress, there were also some undesirable findings. According to the report, the NFT space “remains spotted by certain profit-seeking practices.” This determination comes from transaction patterns. Token founders might be

Tai Hing Announces 2021 Interim Results

Source Node: https://www.acnnewswire.com/press-release/english/69066/
Time Stamp: August 27, 2021 7:50 AM - Modified On: August 27, 2021 - Published By:
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HONG KONG, Aug 27, 2021 - (ACN Newswire) - Tai Hing Group Holdings Limited ("Tai Hing Group" or the "Group"; stock code: 6811), a multi-brand casual dining restaurant group with roots in Hong Kong and a network of more than 220 restaurants in Hong Kong, Mainland China, Macau, and Taiwan, has just announced its interim results for the six months ended 30 June 2021 ("1H2021" or the "Review Period").RESULTS HIGHLIGHTS-- Revenue increased by 16.4% to HK$1,532.7 million in 1H2021 (1H2020: HK$1,316.9 million) though both markets in Hong Kong and Mainland China still saw challenges

Chinese province to cut off Bitcoin miners from hydropower stations

Source Node: https://cointelegraph.com/news/chinese-province-to-cut-off-bitcoin-miners-from-hydropower-stations
Time Stamp: August 23, 2021 7:44 AM - Modified On: August 23, 2021 - Published By:
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Regulators from Yingjiang County in Yunnan, China have issued strict warnings to hydroelectric plants against supplying power to enterprises involved in Bitcoin (BTC) mining. A recent report claimed that the Office of the People’s Government of Yingjiang County issued notice to hydropower plants to strengthen oversight on Bitcoin mining operations. According to the announcement, the power plants have been given until Tuesday, Aug. 24, to delist mining companies from their grid’s “illegal” supply. After the given deadline, the county reportedly plans to “forcibly dismantle” the power supply to Bitcoin mining establishments

Individual Investors Responsible for Crypto Resurgence, Says Analyst

Source Node: https://beincrypto.com/individual-investors-responsible-for-crypto-resurgence-says-analyst/
Time Stamp: August 16, 2021 12:05 PM - Modified On: August 16, 2021 - Published By:
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The resurgence of cryptocurrencies like Bitcoin, Ether and Dogecoin in the past few weeks is largely due to renewed interest from individual retail investors.Sponsored Sponsored Bitcoin reached above $48,500 on August 14, the highest it has been since May 16. This price point means a gain of 290% year-on-year, which came to 644% for Ether and 1,431% for newly minted third place Cardano. Meanwhile, meme-crypto Dogecoin is up 9,157 year-on-year, according to CoinGecko data. However, behind the recent moves is a resurgence in interest from individual retail investors. According to