How Chinese traders and miners get around China’s crypto ban

The U.S.-based exchange said it is “fully operational” and called the Securities and Exchange Commission’s motion “unwarranted.” 309 Total views 2 Total shares Crypto exchange Binance.US has attempted to quell possible unrest from its users following a motion from the United States securities regulator seeking to freeze its assets “on an expedited basis.”In a June…

United States-based bitcoin (BTC)-supporting payments service Square Crypto announced that it recruited former Google product director Steve Lee in a tweet published on June 12.Square Crypto was announced in March of this year when the organization joined Twitter, and planned to hire crypto engineers and designers to work on the bitcoin and crypto ecosystem, paying…

Japan’s financial regulator announced the launch of its global Blockchain Governance Initiative Network (BGIN) on March 10. The BGIN intends to foster the “sustainable development of the blockchain community."The Financial Services Agency Japan (JFSA) announced the new initiative during the “BG2C - Special Online Broadcasting Panel Discussion,” which the JFSA hosted in partnership with Nikkei…

The U.S. consumer price index reached a 40-year high in December, capping off a year of aggressive price increases. 310 Total views 18 Total shares Fintech startup Seashell has raised $6 million in seed investments from some of crypto’s biggest venture funds and project founders as it seeks to build out an inflation-resistant finance app…

The Pacific island nation is now offering a digital residency and blockchain-based verified ID, which can be used for KYC and ID verification. 313 Total views 10 Total shares The Republic of Palau and blockchain development firm Cryptic Labs announced the launch of the Root Name System (RNS), a digital residency program on Tuesday.To inaugurate…

Yesterday, the United States Securities and Exchange Commission (SEC) postponed its decision on the VanEck/SolidX bitcoin (BTC) exchange-traded fund (ETF) proposal, signaling that the regulator is still not ready to see crypto-based funds being traded on regulated exchanges.However, while the general sentiment is that the agency will continue to push back, there’s a slight chance…

Huobi, the fourth-largest cryptocurrency exchange by daily trading volume to date, saw significant progress in its crypto mining business in 2019.Huobi Pool, a cryptocurrency mining arm of Huobi, says its operating revenues surged 547% in 2019, reaching $320 million year-over-year from $53 million in 2018.PoS staking continues to be the Huobi Pool’s most profitable businessOriginally…

Preparations for the launch of Bitcoin (BTC) futures on Bakkt are on track. While market participants were excited before the launch of CME group’s futures trading at the end of 2017, the current launch is being approached with caution. Bitcoin’s volatility continues to drop, which shows that both bulls and bears are not taking large…

Authorities from the Hainan province in southern China have vowed to increase oversight on the nonfungible token (NFT) sector to “promote the healthy development” of the sector and to stomp out fraud and other associated risks. In a separate announcement, the People’s Bank of China (PBoC) also announced that it is working on new features…