Friday, December 13, 2019

China Controls 65% Of The Bitcoin Network ⛏️

December 13, 2019 View in browser
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This week in a nutshell

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  • A recent report by CoinShares discovered that Chinese miners account for about 65% of the hash power supporting the bitcoin network.

  • Huobi US, the United States branch of the Huobi Global exchange, will be shutting down on December 15th. 

  • According to FinCEN Director Kenneth A. Blanco, 11,000 cryptocurrency-related Suspicious Activity Reports were filed since it released its convertible virtual currency advisory and guidance document in May 2019.
  • Weibo has suspended both Justin Sun, the founder of Tron, and Yi He, the co-founder of Binance's, Weibo accounts.

  • Bakkt has launched two new products, Bakkt Bitcoin Monthly Options, and Bakkt Bitcoin Cash-Settled Futures. 

  • OKEx is launching cash-settled Bitcoin options trading on December 27.

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