Source: Adobe/stasstepanov Bitcoin (BTC) saw a double-digit drop in its hashrate (the computational power of the network) in a single day following the recent regulatory crackdown in a vital mining region in China, as well as from its June peak. However, Ethereum (ETH) and several other proof-of-work (PoW) projects shared similar faiths. As reported, Xinjiang
Source: iStock/杨培培 Today, the People’s Bank of China said that major banks and payment institutions promised they will not engage in crypto-related activities following a meeting with the market regulator. The central bank said it summoned several major financial players, such as Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank,
Source: Adobe/leungchopan One of China’s biggest commercial banks, the Agricultural Bank of China, said it will crack down on crypto transactions, and will seek to block accounts connected with bitcoin (BTC) and crypto-related activity. The bank has issued a terse and short statement on the matter, which was published in full by East Money. BTC,
Source: Adobe/s_lena Venture capitalists are still pouring hundreds of millions into the infrastructure of the cryptoverse, hoping the whole nascent industry will grow further despite a recent sharp correction in the market. Amber Group (AG), an Asian crypto trading and technology firm, is now the latest example of this trend and the latest crypto unicorn,
Bitcoin price started a fresh decline from well above USD 38,000. BTC broke the USD 36,500 support and it even declined below USD 35,000. It is currently (04:41 UTC) extending losses after a failed attempt to move higher. Similarly, most major altcoins are trading in a bearish zone. ETH broke the USD 2,250 support and
The text below is an advertorial article that was not written by Cryptonews.com journalists. The first things you’d think of when you hear words like ‘Game and Greed’ are money and gambling. Albeit, this way of raising money is looked down upon in today’s day and age, we cannot deny the fact that it gives
Source: Adobe/Petkov There are seven important challenges that are currently standing in the way of bitcoin (BTC) adoption, according to the Miami BTC conference participants speaking to Cryptonews.com – and yet, BTC is likely to see greater consumer and business adoption, which would also help its price. Bitcoin 2021, a major conference focused on the
Source: Adobe/zefart David S. Wall, Professor of Criminology, University of Leeds.____ In their Carbis Bay communique, the G7 announced their intention to work together to tackle ransomware groups. Days later, US president Joe Biden met with Russian president Vladimir Putin, where an extradition process to bring Russian cybercriminals to justice in the US was discussed.
Disclaimer: The text below is a press release that was not written by Cryptonews.com. NFTs have emerged as one of the novel concepts that has captured the interest of mainstream media in recent months. The ability of creators to create their NFTs and sell it on various marketplaces has attracted many artists, brands, and celebrities.
The text below is an advertorial article that was not written by Cryptonews.com journalists. Next-generation IDO launchpad Scaleswap (built on Ethereum layer 2, powered by Polygon) has announced major details about its much anticipated IDO. The IDO follows the heavily oversubscribed funding round, where Scaleswap raised USD 2.5 million from prominent VCs in the blockchain