Bitcoin and crypto are receiving support for an unexpected source: Chinese investors

Bitcoin and crypto are receiving support for an unexpected source: Chinese investors

Amid the focus on spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. and how they are causing weakness in BTC price, the crypto market is getting support from an unlikely source:... Read more »
Chinese investors with political ties allegedly behind mining hub in Texas

Chinese investors with political ties allegedly behind mining hub in Texas

A new report from The New York Times sheds light on how Chinese investors, aided by Binance, acquired a Texas mining facility. A 23-year-old Chinese national and NYU student, Jerry Yu, appears... Read more »
Chinese crypto mining operation in Wyoming raises national security alarms

Chinese crypto mining operation in Wyoming raises national security alarms

U.S. OFFICIALS HAVE THEIR EYES ON CHINESE CRYPTO-MINING OPERATIONS ACTIVE IN THE STATES THAT COULD POSE A NATIONAL SECURITY THREAT    THE ELEVATED SCRUTINY COMING AFTER A MICROSOFT TEAM SOUNDED THE ALARM... Read more »
Chinese Bitcoin Mines in the US Attract National Security Attention

Chinese Bitcoin Mines in the US Attract National Security Attention

Source: Pexels Bitcoin mining operations in the United States, owned by Chinese entities, are currently under investigation for potential issues that could threaten national security, according to the New York Times (NYT). ... Read more »
Chinese official sentenced to life in prison for Bitcoin mining, corruption

Chinese official sentenced to life in prison for Bitcoin mining, corruption

A Chinese government official has been sentenced to life in prison for both illegitimate business operations of running a 2.4 billion Chinese Yuan ($329 million) Bitcoin mining enterprise and unrelated charges of... Read more »
Chinese Police Detains Group Involved in Making Counterfeit GPUs, Valued At  Million

Chinese Police Detains Group Involved in Making Counterfeit GPUs, Valued At $2 Million

Chinese counterfeit GPUs have been circulating the global market for a long time, and the trend has risen, especially after the fall of crypto mining. ITHome now reports that Chinese local police... Read more »
Bitcoin and Ethereum Prices Get a Chinese New Year Booster in Next Leg of Rally?

Bitcoin and Ethereum Prices Get a Chinese New Year Booster in Next Leg of Rally?

On January twentieth, Bitcoin is on a bullish run, breaking above a double prime resistance stage of $21,600 that is exposing BTC in direction of the $22,500 stage. Ethereum has additionally violated... Read more »
Chinese New Year and Bitcoin, Will There Be Fireworks For BTC?

Chinese New Year and Bitcoin, Will There Be Fireworks For BTC?

Chinese New Year (Lunar New Year) is across the nook. It usually has a powerful affect on cryptocurrency prices. Chinese New Year and Bitcoin have a “pink” previous collectively as the value... Read more »
Chinese Communist Party official pleads guilty to helping Bitcoin miners

Chinese Communist Party official pleads guilty to helping Bitcoin miners

According to a report published by state-owned each day information program Xinwen Lianbo on Dec. 29, Xiao Yi, the previous Communist Party secretary of the City of Fuzhou, pleaded guilty to corruption... Read more »
Binance CEO Hits Back At Accusers Crypto Exchange Is A Chinese Company

Binance CEO Hits Back At Accusers Crypto Exchange Is A Chinese Company

Binance CEO Changpeng Zhao can solely clap again at his accusers that his firm is a Chinese “felony entity.” With roughly 28.6 million members on its platform, the agency is among the... Read more »