Bitcoin miners are reportedly fleeing China because it is cracking down on cryptocurrencies: In the latest development, a report has it that Two of China’s largest bitcoin mining operations are looking to set up shop elsewhere as the country expands its clampdown on cryptocurrencies to mining operations, Bloomberg news reported Friday. Bitmain, which runs two … Read more
Bitcoin Slips As Merrill Lynch, China Send These Bearish Signals: Bitcoin and related futures were relatively steady Thursday, even as U.S. financial regulators warned on cryptocurrency risks, Bank of America (BAC)-owned Merrill Lynch has reportedly banned more investments associated with the cryptocurrency and Chinese state media lashed out at Bitcoin. On the spot market, the … Read more
From China to Singapore, Asian countries are increasingly uneasy with the rise of bitcoin: Regulators in Asia Pacific have become increasingly uneasy with the rise of cryptocurrencies such as bitcoin. The latest to sound a warning was the Bank of Japan Governor Haruhiko Kuroda, who called the surge in bitcoin prices “abnormal” at a media … Read more