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China's crypto censorship reaches over news outlets and mining pools

China’s crypto censorship reaches over news outlets and mining pools

China’s internet censorship machine has expanded to include crypto media outlets and mining pools in a continued attempt to minimize Chinese users’ exposure to the crypto market ecosystem. Chainnews, one of the major Chinese crypto media outlets established since 2017, is now shutting down all channels of content production and distribution. Meanwhile, Chinese internet service …

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Cream Plunges on News That Hack Compensation Will Inflate Token Supply

Cream Plunges on News That Hack Compensation Will Inflate Token Supply

To recompense victims of the attack, Cream said it will issue to certain affected members 1.45 million CREAM tokens from the service’s treasury. While Cream has 9 million coins outstanding, per CoinMarketCap, only 150,000 of those are in circulation. By so rapidly expanding the supply of coins in circulation, it’s bound to affect demand and …

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Vaccine News: The Biggest Macro Event Since March

Vaccine News: The Biggest Macro Event Since March

According to the bright minds of FinTwit, the biggest event isn’t the U.S. presidential election but today’s Pfizer vaccine update. Our main discussion: The stock market soars on promising Pfizer COVID-19 vaccine trials.  The S&P 500 and DJIA hit new all-time highs after Pfizer announced its experimental vaccine had prevented COVID-19 in 90% of patients. …

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Is it all good news when institutions invest in Bitcoin?

Is it all good news when institutions invest in Bitcoin?

According to a recent report by LongHash, public companies in the U.S. now own $10 billion worth of Bitcoin – something that can be accredited to increased investment as well the cryptocurrency’s rise in price over the month of October. While the general consensus regarding more institutions getting interested in Bitcoin is fairly positive, the …

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Bitcoin News Roundup for Oct. 6, 2020

Bitcoin News Roundup for Oct. 6, 2020

As traders remain hopeful and mainstream investment funds increase their exposure to bitcoin miners, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Today’s stories: Options market data suggests the longer-term path of least resistance for bitcoin is to the higher side.  Stock of three major cryptocurrency mining firms are appearing in Fidelity, …

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