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One of 2021’s biggest stories was the China ban on Bitcoin mining. On one hand, the news did affect Bitcoin’s price and gave ammunition to the naysayers that think that governments will outlaw Bitcoin. On the other, the network kept working without a hiccup, recovered its hashrate in record time,
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Bitcoin (BTC) bears lost out at the last minute as 2021 came to an end — and consensus is building around China again being the reason for weakness.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewChina "last hammer" could now provide optimism on BTCHours before the yearly close, BTC/USD dived $2,000 to
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Construction will begin next year in the current location of the military school, which will be rebuilt elsewhere with twice its current capacity, the president said. Dec 31, 2021 at 2:54 a.m. UTCUpdated Dec 31, 2021 at 2:54 a.m. UTCEl Salvador flag (Getty Images) Original Source
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Jamie Redman Jamie Redman is the News Lead at Cryptox.trade News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than
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The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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DeBank, a cryptocurrency wallet focused on decentralized finance (DeFi) solutions, has closed new funding led by major venture capital firm Sequoia China.The firm announced Tuesday on Twitter that it raised $25 million, bringing DeBank’s total valuation to $200 million.Apart from Sequoia China, the funding round featured major crypto investment firms
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The bitcoin mining crackdown was one of the major moves by a government that rocked the crypto space. The crackdown saw the mass exodus of bitcoin miners out of the presumed mining capital of the world as the Chinese government ramped up its efforts to push the miners out. During
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For China watchers and blockchain observers, China is a complex nation of extremes in its passionate embrace of blockchain technology while trying, with all its might, to stomp private cryptocurrencies out of existence. From banning crypto trading and mining to massive nationwide testing of a central bank digital currency (CBDC) now
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Bitcoin and ether were again trading lower in Asian hours, continuing the year-long trend of losing ground mainly when America is asleep. The decline comes as traditional markets turn a blind eye to China’s interest rate cut and remain risk-averse.At press time, bitcoin, the top cryptocurrency by market value, was
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An industry organization controlled by the Chinese government has updated a list of topics users of video-sharing apps should avoid. Crypto-related content is now among the entries along with traditional taboos in China like mocking its leadership, provoking sectarianism, and showing sex. Clips on Crypto Trading, Mining Banned in China The China
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