China
DeFi Tokens PERP, DYDX Lead Crypto Market Higher, Bitcoin Nears $44K
Supposedly censorship-resistant decentralized finance (DeFi) rails are seeing increased activity in the wake of China’s crypto crackdown, with bitcoin also trending higher. GSR Co-founder & President Rich Rosenblum discusses the connection between the China crackdown and the surge in DeFi, outlook for bitcoin, buying opportunities he’s continuing to watch, and institutional adoption.
CoinFund’s David Pakman on DeFi, NFTs, Crypto Regulation
As China moves to crack down on crypto, particularly trading with centralized exchanges, DeFi is seeing a rise. David Pakman, a managing partner at crypto VC firm CoinFund and former partner at Venrock, discusses what long-term investment opportunities he’s seeing in DeFi and NFTs, also sharing his views on crypto regulation.
What China’s Crypto Crackdown Means
Industry takes China’s crypto ban seriously. Markets unfazed by China ban. Exchanges look for regulatory havens. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bobby Lee on China's Crypto Ban: 'Cryptocurrency Will Never Get Squashed,' Predicts Bitcoin Goes Up to $100-$200K by Year-End
Reacting to China's latest cryptocurrency crackdown outlawing crypto-related transactions as the country's most comprehensive and severe ban yet, Ballet CEO and former BTCC co-founder Bobby Lee discusses why bitcoin will always be around and thrive. "As a planet, cryptocurrency will never get squashed," he said. Lee also shared his take on the future of OTC trading in China as prominent crypto exchange Huobi Global announced it would stop serving existing China-based users by December 31. Plus, bitcoin's price prediction by the end of the year.
Singapore Startup Sells Carbon Neutrality Tokens Backed by Chinese Carbon Credits
China launched its carbon trading market in July.
Inner Mongolia Seizes 10,100 Mining Rigs From Government Tech Park
The action comes days after China’s National Development and Reform Commission laid out its vision for eliminating crypto mining from the country.
UNI Token Rises 20% as China’s Blanket Ban on Crypto Businesses Puts Focus on Decentralized Exchanges
Investors turn away from centralized exchanges in the wake of China’s blanket ban on virtual currency businesses.
China’s BSN Builder Is Registering a Nonprofit in Singapore to Manage International Arm
Red Date hopes its “internet of blockchains” isn’t seen as a project controlled by China.
Huobi Appears to Have Suspended Mainland China for New User Registration
The move came after China announced tougher measures on crypto trading.
Market Wrap: Bitcoin Stabilizes After China Crypto Ban Sell-Off; Volatility to Remain Elevated
Cryptocurrency trading has calmed, but analysts expect further volatility.
