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China's Central Bank Orders Banks, AliPay to Cut Off Bitcoin-Linked Transactions
China's Central Bank Orders Banks, AliPay to Cut Off Bitcoin-Linked Transactions
News  •  Politics  •  Jun 20, 2021 by Thomas M

China is busy banning Bitcoin — again. The People's Bank of China (PBOC), the country's central bank, has ordered four state-owned banks as well as major payment service provider AliPay to cut off any Bitcoin-linked transactions. Following a discussion held with a number of financial institutions, the

China's History of Bitcoin Bans
China's History of Bitcoin Bans
News  •  Politics  •  May 21, 2021 by Thomas M

Like clockwork, China has released a number of statements over the past few days that shook the markets and, in part, the public perception of Bitcoin. Why like clockwork? Because among many long-time HODLers, the announcement has invoked memories from the past few years, which have seen numerous warnings, restrictions,

Mining Heads West: BIT Mining Moves Machines From Sichuan to Kazakhstan
Mining Heads West: BIT Mining Moves Machines From Sichuan to Kazakhstan

BIT Mining Limited, the fifth-largest mining pool by hash rate in the world, announced Tuesday that it had successfully transported the first of three mining machine shipments from Sichuan, China to the Central Asian nation of Kazakhstan.   The initial shipment contained over three hundred mining machines with a potential hash

News  •  Bitcoin  •  Jun 21, 2021
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Mining Heads West: BIT Mining Moves Machines From Sichuan to Kazakhstan
Mining Heads West: BIT Mining Moves Machines From Sichuan to Kazakhstan

BIT Mining Limited, the fifth-largest mining pool by hash rate in the world, announced Tuesday that it had successfully transported the first of three mining machine shipments from Sichuan, China to the Central Asian nation of Kazakhstan.   The initial shipment contained over three hundred mining machines with a potential hash

News  •  Bitcoin  •  Jun 21, 2021
China's Central Bank Orders Banks, AliPay to Cut Off Bitcoin-Linked Transactions
China's Central Bank Orders Banks, AliPay to Cut Off Bitcoin-Linked Transactions

China is busy banning Bitcoin — again. The People's Bank of China (PBOC), the country's central bank, has ordered four state-owned banks as well as major payment service provider AliPay to cut off any Bitcoin-linked transactions. Following a discussion held with a number of financial institutions, the

News  •  Politics  •  Jun 20, 2021
China's History of Bitcoin Bans
China's History of Bitcoin Bans

Like clockwork, China has released a number of statements over the past few days that shook the markets and, in part, the public perception of Bitcoin. Why like clockwork? Because among many long-time HODLers, the announcement has invoked memories from the past few years, which have seen numerous warnings, restrictions,

News  •  Politics  •  May 21, 2021
Tokyo Assembly Members Seek 0% Bitcoin Tax in the Japanese Capital
Tokyo Assembly Members Seek 0% Bitcoin Tax in the Japanese Capital

Members of Tomin First no Kai, a ruling party of the Tokyo Metropolitan Assembly, are advocating for a 0% Bitcoin tax in the city as part of their plan to transform Tokyo into a financial hub. As reported by Yahoo last week, assembly member Yu Ito sees Tokyo's

News  •  Politics  •  May 10, 2021
Heads I Win, Tails I Win
Heads I Win, Tails I Win

Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most

Opinion  •  Politics  •  Apr 26, 2021
China's Central Bank Calls Bitcoin "Investment Alternative"
China's Central Bank Calls Bitcoin "Investment Alternative"

China's unclear stance on Bitcoin has dictated the last few years for local Bitcoin firms and holders, but now the country's central bank seems to be shifting its tone. At a CNBC-hosted panel at the Boao Forum for Asia in Beijing on Sunday, Li Bo, deputy

News  •  Politics  •  Apr 18, 2021
Turkey Bans Bitcoin Payments Amid Currency Crisis
Turkey Bans Bitcoin Payments Amid Currency Crisis

On Friday, the Turkish central bank introduced a ban on performing payments with cryptocurrencies, citing several concerns such as their possible use for illegal activities. The ban will go into effect on April 30th. The Turkish lira has hit record lows in purchasing power over the past months, putting pressure

News  •  Politics  •  Apr 17, 2021
Miami Mayor Wants to Build a Bitcoin Mining Hub
Miami Mayor Wants to Build a Bitcoin Mining Hub

Miami Mayor Francis Suarez plans to turn the region into a Bitcoin mining hub. Speaking during an episode of the Unchained Podcast on March 26th, Suarez explained that he believes the United States can and should provide more opportunities to Bitcoin miners, and could make this industry cleaner from an

News  •  Bitcoin  •  Mar 28, 2021
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