Monthly Archives: September 2021

China’s regulators tighten scrutiny of forex dealers, say s

SHANGHAI (Reuters) – China’s regulators are tightening control over the inner workings of its currency market, pressuring banks to trade less and in smaller ranges, two banking sources told Reuters, as part of a sweeping push to curb speculation. The moves follow recent efforts at curtailing financial risks that include dampening commodity price rises, banning…

5 tips for traders

In recent years, trading has gained widespread popularity. More and more people are considering it as a suitable option for additional income or even the main source of profit. However, entering this field can be difficult. Here are crucial tips that can help you not only start your journey in trading but also stay in…

Cryptocurrency exchanges scramble to drop Chinese users after Bei

Beijing’s new blanket ban on all cryptocurrency trading and mining – the broadest yet by a major economy – has sent crypto exchanges and service providers scrambling to sever business ties with mainland Chinese clients. Shares in a range of Chinese crypto-related firms plunged on the ban which closes off loopholes left in previous regulatory…

Cryptocurrency recovery suggests players want to move past China

China’s fiercest shot yet across the bows of the cryptocurrency world appears to have left investors mostly unruffled. Though Bitcoin and some of its peers tumbled Friday after the People’s Bank of China issued a statement banning crypto transactions and vowing to root out the mining of digital assets, they have largely rebounded since. Bitcoin…

Crypto exchanges rush to cut ties with Chinese users after fresh

By Samuel Shen and Andrew Galbraith SHANGHAI (Reuters) – Cryptocurrency exchanges and providers of crypto services are scrambling to sever business ties with mainland Chinese clients, after Beijing last Friday issued a blanket ban on all crypto trading and mining. In a culmination of years of efforts to rein in the sector, 10 powerful Chinese…

Bitcoin miners eye N-power as environmental criticism mounts

Amid a heated debate over Bitcoin’s environmental toll, two companies say they have an answer on mitigating some of the negative effects: Nuclear energy. Power startup Oklo Inc. said it’s partnering with Bitcoin mining and hosting firm Compass Mining to introduce advanced fission to the energy-intensive process of minting new coins. It’s an effort, the…