Category Archives: Coins

“Extremely Bullish”: China’s Crypto Ban Could Be a Boon for Bitcoin’s Security

“Extremely Bullish”: China’s Crypto Ban Could Be a Boon for Bitcoin’s Security

Great American Mining co-founder Marty Bent has opined that Chinese mining giant Bitmain moving its manufacturing operations from China to other countries would be “extremely bullish” for the largest cryptocurrency. Bent believes that it would be a significant “de-risking moment” for the largest cryptocurrency. This is extremely bullish. Shifting the manufacturing of ASICs which are […]

Chinese Traders Are “Buying the Dip” After Government Crackdown on Mining Industry

Chinese Traders Are "Buying the Dip" After Government Crackdown on Mining Industry

Even after the recent crackdown on the cryptocurrency mining and trading industry in China, some traders and investors remain bullish, saying that they are buying the dip instead of getting rid of their digital assets, Bloomberg reports. Prior to the appearance of bearish news from China, Bitcoin was trading at the level of $48,000. But right after […]

Chinese Traders Are “Buying the Dip” After Government Crackdown on Mining Industry

Chinese Traders Are "Buying the Dip" After Government Crackdown on Mining Industry

Even after the recent crackdown on the cryptocurrency mining and trading industry in China, some traders and investors remain bullish, saying that they are buying the dip instead of getting rid of their digital assets, Bloomberg reports. Prior to the appearance of bearish news from China, Bitcoin was trading at the level of $48,000. But right after […]

Steve Hanke Calls Bitcoin Highly Speculative Asset with Fundamental Value of Zero

Steve Hanke Calls Bitcoin Highly Speculative Asset with Fundamental Value of Zero

Cover image via stock.adobe.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial […]

Steve Hanke Calls Bitcoin Highly Speculative Asset with Fundamental Value of Zero

Steve Hanke Calls Bitcoin Highly Speculative Asset with Fundamental Value of Zero

Cover image via stock.adobe.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial […]

China Cracks Down on Crypto Again, Here’s Who May Benefit

China Cracks Down on Crypto Again, Here's Who May Benefit

Alibaba bans mining rig advertising; CoinGecko, CoinMarketCap and TradingView are blacklisted by “Great Chinese Firewall”; and Binance and Huobi shut down Chinese accounts. Here’s who may make billions on this Orwellian drama. America should not miss its chance Every time that Chinese authorities announce another anti-crypto witchhunt, the United States is declared among the most obvious beneficiaries of this scenario. […]

China Cracks Down on Crypto Again, Here’s Who May Benefit

China Cracks Down on Crypto Again, Here's Who May Benefit

Alibaba bans mining rig advertising; CoinGecko, CoinMarketCap and TradingView are blacklisted by “Great Chinese Firewall”; and Binance and Huobi shut down Chinese accounts. Here’s who may make billions on this Orwellian drama. America should not miss its chance Every time that Chinese authorities announce another anti-crypto witchhunt, the United States is declared among the most obvious beneficiaries of this scenario. […]

BlackRock Was Long on Bitcoin in August

BlackRock Was Long on Bitcoin in August

BlackRock, the largest asset manager in the world, held $10.8 million in CME Bitcoin futures in August, according to a recent filing with the U.S. Securities and Exchange Commission. Futures contracts are a financial instrument that allows buying or selling an asset at a particular price in the future. The financial behemoth made a modest $360,457 […]

BlackRock Was Long on Bitcoin in August

BlackRock Was Long on Bitcoin in August

BlackRock, the largest asset manager in the world, held $10.8 million in CME Bitcoin futures in August, according to a recent filing with the U.S. Securities and Exchange Commission. Futures contracts are a financial instrument that allows buying or selling an asset at a particular price in the future. The financial behemoth made a modest $360,457 […]

Texas Senator Ted Cruz Opposes Biden’s Anti-Crypto OCC Pick

Texas Senator Ted Cruz Opposes Biden's Anti-Crypto OCC Pick

Texas Senator Ted Cruz, who has recently emerged as an ally of the cryptocurrency industry, is opposing the nomination of Saule Omarova, a law professor at Cornell University who was reportedly picked by President Joe Biden to spearhead the Office of the Comptroller of the Currency. In a scathing tweet, Cruz asserts that Omarova is […]