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Breaking: Huobi Terminates Services For Chinese Users In the Wake of Crypto Ban

Huobi Global, the top cryptocurrency exchange for Chinese users became the first crypto platform to announce the termination of services in the country. The announcement comes in the wake of China’s latest call for a crypto crackdown. The popular crypto exchange has closed new registrations using mainland China mobile numbers. However, new registrations are still

The post Breaking: Huobi Terminates Services For Chinese Users In the Wake of Crypto Ban appeared first on Coingape.

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China Crypto Ban: Here’s Five Critical Things You Should Know

People’s Bank of China (PBOC) issued fresh guidelines to eliminate all forms of crypto use in mainland China. The Chinese Central Bank deemed all crypto-related transactions illegal and ordered authorities to take strict action against existing crypto mining farms in the country. It also prohibited any foreign crypto exchanges from offering services in the country.

The post China Crypto Ban: Here’s Five Critical Things You Should Know appeared first on Coingape.

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Crypto Market Enters Sharp Correction After China Declares Crypto Transactions As Illegal

Over the last two hours from press time, the crypto market has collectively lost a staggering $150 billion with a sharp 5% drop. This comes amid China’s intensified crackdown on digital assets and declaring crypto transactions as illegal. On Friday afternoon, September 24, the People’s Bank of China (PBoC) said that the latest decision was

The post Crypto Market Enters Sharp Correction After China Declares Crypto Transactions As Illegal appeared first on Coingape.

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China Central Bank Issues Detailed Crypto Crackdown Guidelines, Crypto Market Turns Red

People’s Bank of China (PBoC) issued a fresh set of detailed crypto crackdown guidelines today even when many were assured that we are past China crypto ban FUD. The new set of guidelines seems to be quite comprehensive and prohibits every aspect associated with cryptocurrencies. The Chinese central bank deemed crypto illegal and claimed it

The post China Central Bank Issues Detailed Crypto Crackdown Guidelines, Crypto Market Turns Red appeared first on Coingape.

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Twitter Announces Big NFT Plans as Bitcoin ($BTC) Tipping Goes Live For iOS Users

The Bitcoin ($BTC) tipping feature went live on Twitter today for iOS users, making it the first global monetary network. The BTC tipping would be facilitated via a layer-2 solution lightning network. Twitter has partnered with Strike, a BTC wallet app based on the lightning network, to build the infrastructure and API for the integration,

The post Twitter Announces Big NFT Plans as Bitcoin ($BTC) Tipping Goes Live For iOS Users appeared first on Coingape.

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Kazakhstan Might Have to Shut Bitcoin ($BTC) Mining Operations, Here’s Why

Kazakhstan, the Central Asian nation that became a Bitcoin mining hub in the wake of the Chinese crypto crackdown and miner exodus might have to shut BTC mining operations temporarily. The country is facing an electricity crunch that intensifies in winter and the government might have to impose restrictions on Bitcoin mining to ensure ample

The post Kazakhstan Might Have to Shut Bitcoin ($BTC) Mining Operations, Here’s Why appeared first on Coingape.

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Kentucky-based Crypto Lender Celsius Faces Cease and Desist Order

On Thursday, September 23, Kentucky’s securities regulator asked crypto lender Celcius to immediately stop offering its interest-paying accounts in the state. The cease and desist order coming from the Kentucky Department of Financial Institutions notes that Celcius offered unregistered securities to its customers. The regulator noted that Celcius has violated the state law and didn’t

The post Kentucky-based Crypto Lender Celsius Faces Cease and Desist Order appeared first on Coingape.

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Just-in: Coinbase to expand legal and compliance team Amid regulatory crackdown

As the SEC threatened to sue, Coinbase, the largest publicly listed crypto exchange has decided to abide by the regulatory framework and collaborate with the authorities in sketching out a “sensible regulation” for the crypto industry in the US. Coinbase’s website has posted over 350 job openings, including legal and compliance job profiles to restore

The post Just-in: Coinbase to expand legal and compliance team Amid regulatory crackdown appeared first on Coingape.

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China Evergrande Surges 27% Post Nationalization Rumors, Crypto Market Surge in Tandem

China’s real estate giant Evergrande breathed a sigh of relief after the People’s Bank of China injected nearly $19 billion into the banking system yesterday, in a bid to bailout the debt-ridden real estate giant. Evergrande has over $300 billion in liabilities, making it the most indebted real-estate company and many believe its fall could

The post China Evergrande Surges 27% Post Nationalization Rumors, Crypto Market Surge in Tandem appeared first on Coingape.

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President Biden nominates Crypto Critic to regulate Wall Street

According to Bloomberg, President Biden will reportedly nominate the anti-crypto critic, Saule Omarova as the director of the U.S. Monetary Supervision Agency, i.e., the Office of the Comptroller of the Currency (OCC). Omarova in the past has argued that digital currencies pose a threat of destabilizing the economy and can be easily abused by private

The post President Biden nominates Crypto Critic to regulate Wall Street appeared first on Coingape.

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Breaking: Satoshi Nakamoto’s Website Gets Hacked, Scammers Run BTC Giveaway Scam

Bitcoin.org, the oldest cryptocurrency website registered by the pseudo-anonymous creator of Bitcoin Satoshi Nakamoto was hacked earlier today. The hackers then ran a BTC giveaway scam promising to return double the amount of BTC that users send to the mentioned address. The scammers reportedly managed to collect $17,764 before the website was taken down. It

The post Breaking: Satoshi Nakamoto’s Website Gets Hacked, Scammers Run BTC Giveaway Scam appeared first on Coingape.

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These Two Sports-focused NFT Startups Raised Over $900 Million in Two Days

The sports industry has been one of the fastest adopters of the NFT revolution in the market. This industry has unlocked the major utility of NFT in sports thereby driving further the collectors’ economy. On Wednesday, September 22, Dapper Labs, the creator of the popular fantasy basketball NFT game – NBA Top shot – raised

The post These Two Sports-focused NFT Startups Raised Over $900 Million in Two Days appeared first on Coingape.

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Bitcoin Price Prediction: BTC Rolls Down The Runway Ahead Of Takeoff To $48,000

Bitcoin bulls flex their muscle with a rebound from $40,000 to $44,000. A golden cross pattern in the daily chart hints at the uptrend achieving more than just listing to $48,000. Bitcoin bulls fought tooth and nail to defend the support at $40,000 earlier this week. The largest cryptocurrency has initially corrected from highs close

The post Bitcoin Price Prediction: BTC Rolls Down The Runway Ahead Of Takeoff To $48,000 appeared first on Coingape.

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Ethereum Price Retests Key Resistance Level as Aided by These Two Fundamentals

This week has not been exceptionally pleasant for Ethereum (ETH) investors as the digital currency has trailed the global digital currency industry in an unprecedented free fall. The cryptocurrency continued on its free fall which began last Friday as it started Monday around a price of $3,310.21. Ether soon fell to its lowest price point

The post Ethereum Price Retests Key Resistance Level as Aided by These Two Fundamentals appeared first on Coingape.

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Mike Novogratz Predicts Key Bitcoin ($BTC) and Ethereum ($ETH) Levels to Watchout For

The crypto market saw its valuation fall under $2 trillion again as Bitcoin ($BTC) and Ethereum ($ETH) lost key support momentarily. September has continued to be bearish for the crypto market, but Mike Novogratz, the CEO of one of the leading crypto asset manager groups Galaxy Digital said if BTC maintains its price above $40,000

The post Mike Novogratz Predicts Key Bitcoin ($BTC) and Ethereum ($ETH) Levels to Watchout For appeared first on Coingape.

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Breaking: Dubai World Trade Centre takes pro-crypto stance with trading agreement

The Dubai World Trade Centre Authority (DWTCA) in collaboration with the Securities and Commodities Authority (SCA) of the UAE has announced entering a pro-crypto agreement that will enable the trading of crypto assets and related financial activities within DWTCA’s free zone. Dubai World Trade Centre to play on backfoot as SCA takes command The Dubai

The post Breaking: Dubai World Trade Centre takes pro-crypto stance with trading agreement appeared first on Coingape.

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Just-In: Galaxy Digital and Invesco Files Joint Physical Bitcoin ETF Proposal

Galaxy Digital, a leading crypto asset manager along with Invesco has filed a joint physical Bitcoin ETF proposal to push the crypto ETF effort in the US. The move came in as a surprise given the majority of Bitcoin ETF filing over the past month has been for Bitcoin Strategy ETF that offers investment in

The post Just-In: Galaxy Digital and Invesco Files Joint Physical Bitcoin ETF Proposal appeared first on Coingape.

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Gary Gensler Could Prove to be More Disastrous For Crypto Than Jay Clayton, Here’s Why

Gary Gensler, the current SEC chief recently gave an interview to Washington Post to talk about cryptocurrencies and regulations. He reiterated his earlier stance on the need for strict investor protection regulations and suggested he is here to clean the crypto market before it “spills.” The security debate has also turned quite controversial given the

The post Gary Gensler Could Prove to be More Disastrous For Crypto Than Jay Clayton, Here’s Why appeared first on Coingape.

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U.S. Treasury Department Announces First Sanctions in Crypto-Ransomware Attacks

The U.S. Treasury Department announced sanctions against crypto-ransomware attacks. The Russian cryptocurrency exchange, Suex became the first to come under the regulatory foot for helping facilitate and launder transactions from allegedly eight ransomware variants “for their own illicit gains.” The Department highlighted that the first sanctions designation against a virtual currency exchange has been executed

The post U.S. Treasury Department Announces First Sanctions in Crypto-Ransomware Attacks appeared first on Coingape.

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China Injects $19 Billion to Bail Out Evergrande, Here’s How Crypto Market Can Benefit

The Chinese Real Estate giant Evergrande has defaulted on its debt payment and the fear of the company’s payment default has led to a collectible slump in the financial market world over. Many believe the crypto market’s downturn over the past week was also influenced by the same as investors rushed to liquidate their crypto

The post China Injects $19 Billion to Bail Out Evergrande, Here’s How Crypto Market Can Benefit appeared first on Coingape.

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