Cryptocurrency Analysis and News Portal
China is ramping up its efforts to censor international coverage of the coronavirus. President Xi has stated a need to “strengthen the guidance of public opinion.” The reasoning behind this is clear: Beijing needs to stifle a possible powder keg of unrest in Hubei province. In a predictable move, the Chinese government has
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EPayments Systems Ltd, a United Kingdom-authorized electronic money institution, must suspend online payment operations due to the Financial Conduct Authority’s anti-money-laundering (AML) procedures. EPayments has released a short statement on its website and has sent out emails to its customers to give a few details on the FCA’s regulatory checks.
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Four firms are controlling the Bitcoin mining rigs production industry. The biggest gainer? Obviously Bitmain, but who else is in charge of the chip production?TokenInsight has prepared a report saying that by the end of 2020, these four firms will take complete control over the Bitcoin mining market. Those are
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Six months after the U.S. Commodity Futures Trading Commission (CFTC) filed a complaint against Control Finance, the regulatory agency is yet struggling to capture the mastermind behind the crypto pyramid scheme.Filed mid-2018, the CFTC accused Control Finance and its Director Benjamin Reynolds of defrauding naive investors through a fraudulent crypto
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The CEO of blockchain payment network Ripple says the company does not want to “dump” its associated XRP cryptocurrency despite selling huge amounts of it.In an interview with CNN on Jan. 5, Brad Garlinghouse added fresh contention to the debate about Ripple’s relationship to XRP, which has gained 10%
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Bitmain co-founder Micree Zhan Ketuan has initiated legal proceedings to regain control of the company with the filing of a summons in the Cayman Islands. Bitmain Technologies is one of the largest crypto mining firms in the world and has been caught in turmoil since October when the company’s other co-founder,
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Co-founder of crypto mining giant Bitmain, Micree Zhan Ketuan, has initiated court proceedings against the company shareholders in a bid to restores his voting control of the firm.As BNN Bloomberg reported on Jan. 3, Zhan asked a Cayman Islands court to discredit Bitmain’s shareholders' decision to convert the mining
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Bitcoin price is showing a lot of bearish signs below the $7,280 resistance against the US Dollar. The price is likely to face resistance and selling interest near the $7,280 and $7,400 levels. There is a short term rising channel forming with resistance near $7,290 on the hourly chart of the BTC/USD
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Just weeks after announcing the departure of the company’s co-founder, Micree Zhan, Bitmain’s chief executive officer Wu Jihan has taken full control of crypto mining equipment manufacturer. Jihan held a private client meeting last weekend for the first time since Micree Zhan left and addressed Bitmain’s executives regarding the company’s
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Chinese Bitcoin (BTC) miners are now responsible for controlling as much as 66% of global hash rate, a new report claims.China’s Sichuan province is accounting for over half the global hash rate, according to a study by London-based digital asset manager CoinShares, Reuters reports Dec. 11.Hash rate is a
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