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The challenge (and opportunity) for the bitcoin mining industry as a crackdown in China looms

The challenge (and opportunity) for the bitcoin mining industry as a crackdown in China looms

Quick Take

  • Miners are exploring their options after China’s central government cabinet recently discussed a potential crackdown on bitcoin mining and trading.
  • The uncertainty has created a challenge for China’s miners and an opportunity for foreign hosting facilities.

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FalconX’s Aya Kantorovich explains what’s been behind bitcoin’s latest price gyrations

Aya Kantorovich, head of institutional coverage at FalconX, joined Frank Chaparro on The Scoop to chat about volatility.

The post FalconX’s Aya Kantorovich explains what’s been behind bitcoin’s latest price gyrations appeared first on The Block.

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Chinese government mouthpiece says people have the freedom to trade bitcoin — at their own risk

State-owned media outlets have published recent articles encouraging people to stay away from the crypto markets.

The post Chinese government mouthpiece says people have the freedom to trade bitcoin — at their own risk appeared first on The Block.

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Crypto exchange FTX launches NFT marketplace

Crypto exchange FTX has launched a marketplace for trading non-fungible tokens (NFTs).

The post Crypto exchange FTX launches NFT marketplace appeared first on The Block.

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[SPONSORED] MCDEX (MCB) Goes Live on Arbitrum

The post MCDEX (MCB) Goes Live on Arbitrum appeared first on The Block.

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Crypto market maker GSR goes carbon neutral, including for its bitcoin mining business

GSR is one of the longest running liquidity providers in the crypto space. It has now committed to going carbon neutral.

The post Crypto market maker GSR goes carbon neutral, including for its bitcoin mining business appeared first on The Block.

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Mike Novogratz’s Cryptology to invest $100 million in crypto venture funds

Mike Novogratz and Christian Angermayer’s Cryptology has committed to invest $100 million in crypto venture funds.

The post Mike Novogratz’s Cryptology to invest $100 million in crypto venture funds appeared first on The Block.

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Paxful launches e-commerce tool to let businesses receive bitcoin payments

Paxful, a peer-to-peer (P2P) marketplace with over six million users, announced Thursday the launch of its e-commerce tool Paxful Pay, according to a release from the firm. 

The post Paxful launches e-commerce tool to let businesses receive bitcoin payments appeared first on The Block.

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UK FCA further extends the registration deadline for crypto firms

The U.K.’s Financial Conduct Authority has further extended the registration deadline for existing crypto firms to March 31, 2022.

The post UK FCA further extends the registration deadline for crypto firms appeared first on The Block.

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California man sentenced to two years in prison for operating a bitcoin transmission business

The man allegedly transferred bitcoin for cash through both in-person transactions and bitcoin ATMs, all while failing to properly register his business or following proper anti-money laundering protocols.

The post California man sentenced to two years in prison for operating a bitcoin transmission business appeared first on The Block.

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