Wednesday, December 18, 2024
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Ethereum drops more than Bitcoin as China escalates crypto ban, ETH/BTC at 3-week low

The price of Ethereum's native token Ether (ETH) crept lower Friday after China extended its crackdown on cryptocurrencies by deeming their transactions to be "illegal.""Financial institutions and non-bank payment institutions cannot offer services to activities and operations related to virtual currencies," the People's Bank of China said in a statement

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Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation

After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly escalated into a physical brawl. According to a source close to Zhan, who was ousted by his rival co-founder Wu Jihan last October, the former

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