Author Archives: Coin News Asia

China Cracks Down on Money Laundering, Arrests 1,100 People

China Money Laundering

China has captured more than 1,000 individuals for utilizing the benefits from wrongdoing to purchase cryptographic forms of money, security authorities said, as a feature of a developing crackdown on the business. The country’s Bitcoin mines power almost 80% of the worldwide exchange digital currencies, in spite of the fact that exchanging in China is restricted China’s crackdown on digital […]

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China Blocks Crypto-Related Social Media Accounts as Part of Crackdown

China Social Media

A large number of crypto-related records in China’s Twitter-like Weibo stage were obstructed over the course of the end of the week, as Beijing ventured up a crackdown on bitcoin exchanging and mining. More activities are normal, including connecting unlawful crypto exercises in China all the more straightforwardly with the country’s criminal law, as indicated by examiners and a monetary […]

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China Tightens Crypto Regulation, Cracks Down on Bitcoin Mining

China Bitcoin Mining

China’s most recent move to fix cryptographic money guidelines is definitely not another turn of events as per Paul Mackel, worldwide head of FX research at HSBC. “There’s been some messaging there for some time. This is not a new development, as far as I’m concerned, they’ve been more cautious on cryptocurrencies,” he said. He added that Beijing’s new endeavor […]

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Crypto Regulation in Thailand Moves Forward

Crypto Thailand

The quantity of public organizations putting resources into bitcoin is becoming around the world. In Thailand, The Brooker Group (BROOK) has become the principal recorded organization in the nation to declare its cryptographic money possessions. The Brooker Group offers autonomous warning types of assistance to private and public area customers in Thailand and abroad. Prior to The Brooker Group’s divulgence, […]

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China Downgrades Bitcoin into ‘Investment Alternative’

China Investment Alternative

As indicated by the Cambridge Bitcoin Energy Consumption Index, or CBECI, Xinjiang addresses almost one-fourth of the worldwide hash rate. China’s national bank is presently calling bitcoin an “investment alternative” — denoting a critical change in Beijing’s tone after a crackdown on cryptographic money issuance and exchanging almost four years prior. Industry insiders called the remarks “reformist” and are observing […]

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Asian Institutional Investment Expected to Grow Despite Bitcoin Price Struggle

Asian Institutional Investment

Purchasers are losing strength as potential gain force eases back. The general strength list (RSI) on the hourly graph enrolled lower highs in spite of the breakout above $61,000. Overbought signals on the RSI regularly bring about brief pullbacks like the 5% drop in BTC back on March 10. The new record-breaking high around $64,800 is currently obstruction; purchasers should […]

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Coinbase Soars in Market Value as Bitcoin Price Reach $64K High

Coinbase High

Coinbase made a stirring introduction on Wall Street on Wednesday (Apr 14), with shares  of the advanced cash trade ascending as high as US$429, momentarily giving it a market esteem over US$100 billion. Coinbase Global’s first sale of stock occurred with digital currency gab apparently all over the place, even at the US Federal Reserve. Advanced monetary forms are being […]

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Crypto-friendly Singapore Warns Public on Risks of Buying Crypto

Singapore Crypto

The Singapore government is presently cautioning the general population to practice risk alert when exchanging digital forms of money, an action that has gotten progressively famous in the city-state just as internationally. The complete market estimation of cryptographic forms of money crossed US$2 trillion interestingly this week.  “Cryptocurrencies can be highly volatile, as their value is typically not related to […]

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Chinese Online Lottery Company 500.com Acquires Bitcoin Miner Maker for $100M

500 com Bee Computing

Chinese online lottery organization 500.com has absorbed Bee Computing, a Hong Kong-enrolled producer of bitcoin mining machines, for $100 million, as indicated by a documentation with the U.S. Protections and Exchange Commission.  500.com, which changed its name to BIT Mining Limited in March, has been discreetly moving its concentration from its striving on the web lottery business to bitcoin mining […]

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