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Bitcoin News

Report: China’s Xinjiang Region to Suspend Bitcoin Mining

Chinese crackdown on bitcoin mining has reached Xinjiang province, after Inner Mongolia and Sichuan. According to documents being circulated on Weibo, the Development and Reform Commission of the province has asked for the suspension of virtual currency mining in the region. The Google translation of the document read, State leaders have issued instructions to comprehensively

Chinese crackdown on bitcoin mining has reached Xinjiang province, after Inner Mongolia and Sichuan. According to documents being circulated on Weibo, the Development and Reform Commission of the province has asked for the suspension of virtual currency mining in the region. The Google translation of the document read, State leaders have issued instructions to comprehensively

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Derivative Exchanges See $1.69B Stablecoin Outflow, Are Whales Moving to OTC Desks?

Derivative exchanges registered a massive outflow of $1.69 billion in stablecoin in a rare occurrence. A net outflow of such high magnitude is often seen as a bearish signal as analysts believe traders relocate their stablecoins in anticipation of a possible market correction. Traders often go for high leverage trade during bull runs and data

Derivative exchanges registered a massive outflow of $1.69 billion in stablecoin in a rare occurrence. A net outflow of such high magnitude is often seen as a bearish signal as analysts believe traders relocate their stablecoins in anticipation of a possible market correction. Traders often go for high leverage trade during bull runs and data