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Su Zhu, CEO and co-founder of Three Arrows Capital, recently speculated on China's 'unbanning' of cryptocurrency mining. To make his point, he cited China's decision to solicit public feedback on the revision of the relevant measures in the "Industrial Structure Adjustment Guidance Catalog (2019 Edition)."
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According to the Cambridge Bitcoin Electricity Consumption Index, China held 0% of the average monthly hashrate share in August. Following this, many people assumed that the country had abandoned cryptocurrency for good.
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To support a smooth transition, Ethereum is transitioning to proof of stake (PoS) with new protocol upgrades. Ether's price peaked at a new all-time high of $4,361 on 21 October, ahead of next week's Altair Beacon Chain upgrade, but then gradually dropped.
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Consider going on vacation and being able to pay your Uber driver and Airbnb host in cryptocurrency. For many, this sounds like a pipe dream, but it appears to be a reality for users in Argentina.
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Bitcoin reached a new all-time high of $67,276 two days ago, but something has changed since then. There has been a significant difference in investor behavior between the hours preceding and following the ATH.
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Michael Saylor, the founder of MicroStrategy, is widely regarded as one of the most outspoken and enthusiastic supporters of cryptocurrency.
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We mentioned in one of our recent articles that Bitcoin may need retail investors to come in and increase buying pressure because there is a lack of FOMO in the market.
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This cryptocurrency craze isn't going away anytime soon.
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Because of the widespread crypto-economy, a Senate committee on Australia as a Technology and Financial Center [ATFC] presented its final report in Parliament to regulate the global digital economy. The report outlined 12 recommendations for digital asset regulation as well as the fintech industry.
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As governments around the world restructure the financial sector with new infrastructure and digital money, it is time to rethink what is important.