Bitcoin

Alibaba says it will block sales of cryptocurrency mining equipment

Chinese e-commerce giant Alibaba said Monday that, beginning on October 8, it will halt the sales of cryptocurrency mining equipment on its platform. So, where will all this stock go now. With a lot of miners already moving away from China and setting up elsewhere, this is going to drive sales up in other areas …

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Crypto hedge fund launches actively managed ether and bitcoin trusts

A crypto investment firm is launching two new products that aim to offer accredited investors the opportunity to add crypto exposure with less of the market’s breakneck volatility.  Cambrian Asset Management, a California-based investment firm with more than $200 million in assets under its management, announced this week its so-called Cambrian Bitcoin Systematic Trust and …

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El Salvador brings Chivo ATMs to the US

El Salvador has brought its Chivo bitcoin ATMs to several U.S. cities, a move aimed at making it easier and cheaper to send remittances abroad to friends and family in the Central American country. I think in the future this will become more widely adopted – we can see it now that people are using it to send aid to those who need it the most.

Chinese bitcoin miners brace for impact amid regulatory uncertainty

Quick Take China’s State Council made a comment about cracking down on bitcoin trading and mining activities on Friday While the regulatory hammer has yet to drop officially, the suspension has pushed some bitcoin miners to look further afield A comment made in China’s State Council meeting about cracking down on bitcoin trading and mining …

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