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š„#Chinese Crypto Market Recent Developments & Updates on Digital Yuanā
ļø
China's crypto market has been experiencing significant changes lately. The People's Bank of China PBoC has reiterated its ban on cryptocurrency, declaring virtual currencies unusable as money in the market.
šØ This move has led to a sharp decline in Bitcoin and altcoin prices, with investors becoming increasingly cautious .
1. China's government has imposed a sweeping ban on individual ownership of digital assets, including Bitcoin, citing risks associated with crypto assets, especially stablecoins.
2. China is focusing on expanding its digital #Yuan , aiming to promote it as an alternative to cryptocurrencies.$YGG
3. The ban has sent shockwaves through global cryptocurrency markets, with Bitcoin dropping below $84,000.
4. Despite the ban, underground crypto usage and mining continue to operate within the country, with China accounting for 14% of the global Bitcoin mining market .
Response:-
$BTC Bitcoin and $ETH Ethereum prices have been volatile, with investors reacting to China's crypto ban.#WriteToEarnUpgrade
Institutional investors are prioritizing jurisdictions with clear regulatory frameworks, such as the EU and Singapore. #BinanceBlockchainWeek
Geographic arbitrage opportunities persist, particularly for low-liquidity tokens .
Keep in mind that China's crypto market is highly volatile, and investors should exercise
China's crypto market has been experiencing significant changes lately. The People's Bank of China PBoC has reiterated its ban on cryptocurrency, declaring virtual currencies unusable as money in the market.
šØ This move has led to a sharp decline in Bitcoin and altcoin prices, with investors becoming increasingly cautious .
1. China's government has imposed a sweeping ban on individual ownership of digital assets, including Bitcoin, citing risks associated with crypto assets, especially stablecoins.
2. China is focusing on expanding its digital #Yuan , aiming to promote it as an alternative to cryptocurrencies.$YGG
3. The ban has sent shockwaves through global cryptocurrency markets, with Bitcoin dropping below $84,000.
4. Despite the ban, underground crypto usage and mining continue to operate within the country, with China accounting for 14% of the global Bitcoin mining market .
Response:-
$BTC Bitcoin and $ETH Ethereum prices have been volatile, with investors reacting to China's crypto ban.#WriteToEarnUpgrade
Institutional investors are prioritizing jurisdictions with clear regulatory frameworks, such as the EU and Singapore. #BinanceBlockchainWeek
Geographic arbitrage opportunities persist, particularly for low-liquidity tokens .
Keep in mind that China's crypto market is highly volatile, and investors should exercise
See original
šØš„ $TRX /USDT ļ¼
1. **Price Trend**: Recently, TRX/USDT has been fluctuating around $0.065, with small short-term volatility, in a consolidation phase.
2. **Support and Resistance**: The key support level is at $0.063, and if it breaks, it may further drop to $0.06; the resistance level is at $0.07, and if broken, it may open up upward space.
3. **Market Sentiment**: Overall market sentiment is neutral, lacking significant positive or negative drivers.
4. **Trading Volume**: Trading volume remains low, indicating a strong wait-and-see sentiment in the market, lacking directional choices.
5. **Technical Indicators**: RSI is close to the midpoint, MACD energy bars are decreasing, trend signals are not clear, and it may continue to fluctuate.
6. **Suggestions**: Short-term traders may pay attention to breakout opportunities in the $0.063-$0.07 range, while medium to long-term investors are advised to take a wait-and-see approach. #Chinese @Binance News @Binance Square Official
1. **Price Trend**: Recently, TRX/USDT has been fluctuating around $0.065, with small short-term volatility, in a consolidation phase.
2. **Support and Resistance**: The key support level is at $0.063, and if it breaks, it may further drop to $0.06; the resistance level is at $0.07, and if broken, it may open up upward space.
3. **Market Sentiment**: Overall market sentiment is neutral, lacking significant positive or negative drivers.
4. **Trading Volume**: Trading volume remains low, indicating a strong wait-and-see sentiment in the market, lacking directional choices.
5. **Technical Indicators**: RSI is close to the midpoint, MACD energy bars are decreasing, trend signals are not clear, and it may continue to fluctuate.
6. **Suggestions**: Short-term traders may pay attention to breakout opportunities in the $0.063-$0.07 range, while medium to long-term investors are advised to take a wait-and-see approach. #Chinese @Binance News @Binance Square Official
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ć2026 Market Outlook: The Final Wave of Rebound Will Signal the Start of the Bear Marketć
Today, let's talk about the weekly level trends to give everyone an expectation of the overall market.
On the weekly chart of BC, there is a convergence pattern that needs to be completed after 2026. This will be the last wave of rebound, used to form the right shoulder at the weekly level. After that, the market will consolidate for a while and then start to decline sharply, signaling the real arrival of the bear market. The expected time window for this decline is between the first and second quarters of next year. Please refer to the red line in the chart.
In the short term, from December to early January next year, the weekly chart will form a bottom and welcome the last wave of rebound, with a target roughly near the weekly MA50. Therefore, this is an upcoming participation window. In this wave of rebound, many altcoins may still experience a round of increaseāthis will be the final feast. After BT completes this wave of surge and retreat on the weekly chart, all altcoins will likely be washed out. Please refer to the green line in the chart.
The above is a general expectation at the weekly level, which cannot be guaranteed to happen but can serve as a reference. If you want to plan these two major trends with us, feel free to join us.
āø»
$BTC
#chinese #newyear
Today, let's talk about the weekly level trends to give everyone an expectation of the overall market.
On the weekly chart of BC, there is a convergence pattern that needs to be completed after 2026. This will be the last wave of rebound, used to form the right shoulder at the weekly level. After that, the market will consolidate for a while and then start to decline sharply, signaling the real arrival of the bear market. The expected time window for this decline is between the first and second quarters of next year. Please refer to the red line in the chart.
In the short term, from December to early January next year, the weekly chart will form a bottom and welcome the last wave of rebound, with a target roughly near the weekly MA50. Therefore, this is an upcoming participation window. In this wave of rebound, many altcoins may still experience a round of increaseāthis will be the final feast. After BT completes this wave of surge and retreat on the weekly chart, all altcoins will likely be washed out. Please refer to the green line in the chart.
The above is a general expectation at the weekly level, which cannot be guaranteed to happen but can serve as a reference. If you want to plan these two major trends with us, feel free to join us.
āø»
$BTC
#chinese #newyear
Meme coin alert ā ļøā ļøā ļøā ļøā ļø
$ę¶äæä¼é¹ is a chinese Meme coin which has atleast 20X potential
I dug in deep and found that there is a buzz going on with Chinese meme coins with most of them outperforming the market with huge margin with coins moving Between 100-200%
$ę¶äæä¼é¹ can make your capital go boom and the risk is very low
#MEME #Chinese #ProfitPotential #memecoinššš
$ę¶äæä¼é¹ is a chinese Meme coin which has atleast 20X potential
I dug in deep and found that there is a buzz going on with Chinese meme coins with most of them outperforming the market with huge margin with coins moving Between 100-200%
$ę¶äæä¼é¹ can make your capital go boom and the risk is very low
#MEME #Chinese #ProfitPotential #memecoinššš
Square-Creator-f712a40b2ef25956fa16:
It is falling down, should we continue holding on to it or let go?
#US AI and Data Firms to Testify in Chinese AI Espionage Probe
The U.S. is probing how #Chinese operators used AI in a cyber-espionage campaign as experts warn similar tools could hit on-chain finance.
Source: Binance News / Bitdegree / Coindesk / Coinmarketcap / Cointelegraph / #Decrypt
"Place a trade with us via this post mentioned coin's & do support to reach maximum audience by follow, like, comment, share, repost, more such informative content ahead"
The U.S. is probing how #Chinese operators used AI in a cyber-espionage campaign as experts warn similar tools could hit on-chain finance.
Source: Binance News / Bitdegree / Coindesk / Coinmarketcap / Cointelegraph / #Decrypt
"Place a trade with us via this post mentioned coin's & do support to reach maximum audience by follow, like, comment, share, repost, more such informative content ahead"
šØJUST IN: Nvidia stock fell more than -5% as a new report suggested #Chinese environmental rules could impact the AI giant's sales in China.
#VoteToListOnBinance @WISE PUMPS
#VoteToListOnBinance @WISE PUMPS
šš«š²š©ššØ šš„šššš¢š§š šš¬ šš«š®š¦š© š¤š¢šš¤š¬ šØšš šš”š šš«ššš š°šš«! š”
Just as promised during his campaign, #TRUMP slapped a 25% tariff on nearly all imports from #mexico and #Canada , plus 10% on #Chinese goods.
With the stock market closed for the weekend, crypto takes the hit, instantly reflecting fears of economic instability and the return of inflation.
At this rate, crypto bros are the ones suffering the mostā¦ Anyone still holding up? Oh waitā¦ maybe there arenāt any hands left to raise.
Just as promised during his campaign, #TRUMP slapped a 25% tariff on nearly all imports from #mexico and #Canada , plus 10% on #Chinese goods.
With the stock market closed for the weekend, crypto takes the hit, instantly reflecting fears of economic instability and the return of inflation.
At this rate, crypto bros are the ones suffering the mostā¦ Anyone still holding up? Oh waitā¦ maybe there arenāt any hands left to raise.
šš Join Bebus Token Presale Event on CoinInn! š Excited for whatās next. https://www.coininn.com/activity/presale?id=31
#Elon_Musk
#Crypto
#CoinMarketCap
#coinbase
#Chinese
#Elon_Musk
#Crypto
#CoinMarketCap
#coinbase
#Chinese
Time to learn #Chinese , bro šš
Q4 will be unbelievable for #crypto š¤Ŗš
"Do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"
#MEME #FunnyMemes $BNB $SOL $BTC
Q4 will be unbelievable for #crypto š¤Ŗš
"Do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"
#MEME #FunnyMemes $BNB $SOL $BTC
#ElonMusk is turning X (#Twitter ) into a Chinese WeChat-like platform ā FT
In the near future, the platform will offer the ability to #trade securities and issue its own bank cards.
In parallel, the XChat system is being developed, a new messenger with end-to-end encryption features, disappearing messages, file transfers, and audio and video calls.
Inspired by the success of #Chinese WeChat, Musk aims to transform X into a "superapp" that combines communication, finance, and social features into a single ecosystem.
#FOMCMeeting @WISE PUMPS
In the near future, the platform will offer the ability to #trade securities and issue its own bank cards.
In parallel, the XChat system is being developed, a new messenger with end-to-end encryption features, disappearing messages, file transfers, and audio and video calls.
Inspired by the success of #Chinese WeChat, Musk aims to transform X into a "superapp" that combines communication, finance, and social features into a single ecosystem.
#FOMCMeeting @WISE PUMPS
š
Tuesday
š¹ Key Events
The Federal Reserveās āPayments Improvementā conference is expected (topics: stablecoins, AI, tokenization).
@MANTRA ($OM ) will share its roadmap.
š° Additional News
Major #Chinese tech firms have paused stablecoin initiatives under pressure from regulators in Beijing.
U.S. Bancorp has formed a dedicated digital-assets unit to focus on stablecoins, tokenization and money movement.
š¹ Key Events
The Federal Reserveās āPayments Improvementā conference is expected (topics: stablecoins, AI, tokenization).
@MANTRA ($OM ) will share its roadmap.
š° Additional News
Major #Chinese tech firms have paused stablecoin initiatives under pressure from regulators in Beijing.
U.S. Bancorp has formed a dedicated digital-assets unit to focus on stablecoins, tokenization and money movement.
See original
š Hong Kong approves the first #etf Solana $SOL spot, which will be launched on October 27
š The Securities and Futures Commission (SFC) approved the ETF of #solana ChinaAMC, which will be launched on October 27 on the OSL Exchange ā the first Solana spot ETF in Asia. The decision solidifies Hong Kong as a key center for regulated crypto investment, offering institutional exposure to Solana.
#Chinese
š The Securities and Futures Commission (SFC) approved the ETF of #solana ChinaAMC, which will be launched on October 27 on the OSL Exchange ā the first Solana spot ETF in Asia. The decision solidifies Hong Kong as a key center for regulated crypto investment, offering institutional exposure to Solana.
#Chinese
šØCHINESE STATE OIL COMPANIES PAUSE RUSSIAN SEA OIL PURCHASES DUE TO U.S. SANCTIONS CONCERNS
#Chinese #chineseinvestors #RussianOil
#TrumpBitcoinEmpire
$BTC $ETH
#Chinese #chineseinvestors #RussianOil
#TrumpBitcoinEmpire
$BTC $ETH
š§šµš² ššµš¶š»š²šš² ššæšš½šš¼ š”š®šæšæš®šš¶šš² šš šš®š°šø! šā”
#china is set to integrate blockchain into its national data infrastructure by 2029, and #Chinese tokens are already pumping:
ā¢ $GAS : +45%
ā¢ $ONG : +23%
ā¢ $IOST : +20%
ā¢ $LSK: +18%
ā¢ $QKC: +22%
Crypto adoption is unstoppable, this is just the beginning of a global shift.
Iām closely watching these tokens that could be next to pump: $FLOW, $NEO, $CKB, $DODO.
Donāt miss out this momentumš
#china is set to integrate blockchain into its national data infrastructure by 2029, and #Chinese tokens are already pumping:
ā¢ $GAS : +45%
ā¢ $ONG : +23%
ā¢ $IOST : +20%
ā¢ $LSK: +18%
ā¢ $QKC: +22%
Crypto adoption is unstoppable, this is just the beginning of a global shift.
Iām closely watching these tokens that could be next to pump: $FLOW, $NEO, $CKB, $DODO.
Donāt miss out this momentumš
Profit-Taking Begins as Chinese Firm Buys $300 Million Worth of Trump Coin
$TRUMP Coin price tumbles to $13 following a $300M buy by a TikTok-linked Chinese firm, sparking profit-taking.
The official Trump token (TRUMP) fell 2.5% to $13 on Wednesday, May 14, after a surprising $300 million acquisition by a Chinese tech firm reportedly linked to TikTok.
Trump Coin Tumbles 2.5% as $300M Purchase From TikTok-Linked Chinese Firm Triggers Profit-Taking
TRUMP token investors reacted defensively on Wednesday following a major acquisition that sent shockwaves through the digital asset market.
The 2.5% TRUMP price intraday dip comes after Spencer Hakimian posted a CNN clip suggesting that a relatively obscure Chinese tech company, reportedly owned by stakeholders in TikTok, had purchased $300 million worth of Trump Coin.
The official Trump token (TRUMP) fell 2.5% to $13 on Wednesday, May 14, after a surprising $300 million acquisition by a Chinese tech firm reportedly linked to TikTok.
Trump Coin Tumbles 2.5% as $300M Purchase From TikTok-Linked Chinese Firm Triggers Profit-Taking
TRUMP token investors reacted defensively on Wednesday following a major acquisition that sent shockwaves through the digital asset market.
The 2.5% TRUMP price intraday dip comes after Spencer Hakimian posted a CNN clip suggesting that a relatively obscure Chinese tech company, reportedly owned by stakeholders in TikTok, had purchased $300 million worth of Trump Coin.
While some investors initially viewed the buy as validation of Trump Coinās relevance, broader sentiment quickly turned defensive.
Market participants cited geopolitical sensitivities, potential regulatory blowback, and opportunistic selling after recent gains as reasons for the price decline.
The scale of the purchase, nearly 11% of Trump Coinās total market cap at the timeāprompted major holders to begin offloading tokens amid growing uncertainty about the buyerās intentions.
Traders also cited fears that such a large, centralized acquisition could distort the memecoinās decentralized market dynamics.
Trump Token Activity Intensifies Congressional Scrutiny
The $300 million purchase isnāt occurring in isolation. Earlier this week, the U.S. Senate moved to suspend the GENIUS Act, a bill proposing regulatory framework for stablecoins. The US Senate cited concerns over President Trumpās alleged conflict of interest through his reported affiliation with USD1, a dollar-pegged stablecoin backed in part by Trump-aligned entities.
The TRUMP token, though separate from USD1, is often viewed as symbolically and politically linked to Trumpās digital asset footprint.
The timing of the Chinese investment, combined with Trump Coinās meteoric rise from meme status to a $2.7 billion market cap, has lawmakers sharpening their focus.
On Capitol Hill, some lawmakers argue that the line between political capital and financial capital is blurring dangerously.
Senate Banking Committee aides have privately confirmed that Trump-related tokens are now being considered in hearings scheduled for early June. With Trumpās crypto strategic reserve proposals still hanging in the balance, controversy surrounding foreign influence or financial impropriety tied to the President could become a major roadblock.
While Dubai-based investments helped the Trump Coin ecosystem push past a $2 billion market cap just last week, Wednesdayās price dip marks the first major retracement from its weekly time frame peaks of $15 recorded on Monday.
Whatās Next?
Without swaying response from Trumpās camp, traders will likely remain alert to bearish insights from the anticipated congressional scrutiny. TRUMP token price could be at risk of further downswings in the days ahead.
Trump Coinās market cap now is currently trending at $2.7 billion, investors are watching closely for clarity on both the tokenās political affiliations and future foreign involvement. Meanwhile, the crypto industry awaits further word from U.S. lawmakers on whether regulation or restrictions tied to politically sensitive tokens could follow.
TRUMP Price Forecast Today: Market Indecision Persists Near $13 as Traders Await Breakout Direction
Trump Coin price traded at $13.26 at press time, down 3.7% on the day, as markets digested the aftershocks of Tuesdayās surprise $300 million accumulation by a Chinese firm.
While such a move might typically inspire bullish momentum, Wednesdayās price action signals hesitation, with intraday volatility fading into a narrow trading range. TRUMP price now fluctuates around the middle Bollinger Band at $13.09, a key technical support level that has repeatedly attracted both buyers and sellers throughout May.
Volume remains elevated at 11.65 million, but the lack of directional follow-through signals market indecision.
The Parabolic SAR continues to print above price at $15.23, keeping near-term momentum biased downward. However, the Bull bear power (BBP) reading at 0.97 als confirms neutral conditions, long wicks on both ends of the days candles suggesting an ongoing tug-of-war between bulls and bears.
Should TRUMP hold above the $13.00 psychological handle, the setup for a potential recovery toward the upper Bollinger Band at $15.85 remains intact.
Yet, the absence of follow-through buying despite elevated volumes raises questions about conviction.
Conversely, failure to maintain $13.00 support risks opening a path to the lower Bollinger Band near $10.33 ā a level last tested during the early stages of the April rally.
#TRUMP #CryptoRegulation #TrumpTariffs #Chinese #china
The official Trump token (TRUMP) fell 2.5% to $13 on Wednesday, May 14, after a surprising $300 million acquisition by a Chinese tech firm reportedly linked to TikTok.
Trump Coin Tumbles 2.5% as $300M Purchase From TikTok-Linked Chinese Firm Triggers Profit-Taking
TRUMP token investors reacted defensively on Wednesday following a major acquisition that sent shockwaves through the digital asset market.
The 2.5% TRUMP price intraday dip comes after Spencer Hakimian posted a CNN clip suggesting that a relatively obscure Chinese tech company, reportedly owned by stakeholders in TikTok, had purchased $300 million worth of Trump Coin.
The official Trump token (TRUMP) fell 2.5% to $13 on Wednesday, May 14, after a surprising $300 million acquisition by a Chinese tech firm reportedly linked to TikTok.
Trump Coin Tumbles 2.5% as $300M Purchase From TikTok-Linked Chinese Firm Triggers Profit-Taking
TRUMP token investors reacted defensively on Wednesday following a major acquisition that sent shockwaves through the digital asset market.
The 2.5% TRUMP price intraday dip comes after Spencer Hakimian posted a CNN clip suggesting that a relatively obscure Chinese tech company, reportedly owned by stakeholders in TikTok, had purchased $300 million worth of Trump Coin.
While some investors initially viewed the buy as validation of Trump Coinās relevance, broader sentiment quickly turned defensive.
Market participants cited geopolitical sensitivities, potential regulatory blowback, and opportunistic selling after recent gains as reasons for the price decline.
The scale of the purchase, nearly 11% of Trump Coinās total market cap at the timeāprompted major holders to begin offloading tokens amid growing uncertainty about the buyerās intentions.
Traders also cited fears that such a large, centralized acquisition could distort the memecoinās decentralized market dynamics.
Trump Token Activity Intensifies Congressional Scrutiny
The $300 million purchase isnāt occurring in isolation. Earlier this week, the U.S. Senate moved to suspend the GENIUS Act, a bill proposing regulatory framework for stablecoins. The US Senate cited concerns over President Trumpās alleged conflict of interest through his reported affiliation with USD1, a dollar-pegged stablecoin backed in part by Trump-aligned entities.
The TRUMP token, though separate from USD1, is often viewed as symbolically and politically linked to Trumpās digital asset footprint.
The timing of the Chinese investment, combined with Trump Coinās meteoric rise from meme status to a $2.7 billion market cap, has lawmakers sharpening their focus.
On Capitol Hill, some lawmakers argue that the line between political capital and financial capital is blurring dangerously.
Senate Banking Committee aides have privately confirmed that Trump-related tokens are now being considered in hearings scheduled for early June. With Trumpās crypto strategic reserve proposals still hanging in the balance, controversy surrounding foreign influence or financial impropriety tied to the President could become a major roadblock.
While Dubai-based investments helped the Trump Coin ecosystem push past a $2 billion market cap just last week, Wednesdayās price dip marks the first major retracement from its weekly time frame peaks of $15 recorded on Monday.
Whatās Next?
Without swaying response from Trumpās camp, traders will likely remain alert to bearish insights from the anticipated congressional scrutiny. TRUMP token price could be at risk of further downswings in the days ahead.
Trump Coinās market cap now is currently trending at $2.7 billion, investors are watching closely for clarity on both the tokenās political affiliations and future foreign involvement. Meanwhile, the crypto industry awaits further word from U.S. lawmakers on whether regulation or restrictions tied to politically sensitive tokens could follow.
TRUMP Price Forecast Today: Market Indecision Persists Near $13 as Traders Await Breakout Direction
Trump Coin price traded at $13.26 at press time, down 3.7% on the day, as markets digested the aftershocks of Tuesdayās surprise $300 million accumulation by a Chinese firm.
While such a move might typically inspire bullish momentum, Wednesdayās price action signals hesitation, with intraday volatility fading into a narrow trading range. TRUMP price now fluctuates around the middle Bollinger Band at $13.09, a key technical support level that has repeatedly attracted both buyers and sellers throughout May.
Volume remains elevated at 11.65 million, but the lack of directional follow-through signals market indecision.
The Parabolic SAR continues to print above price at $15.23, keeping near-term momentum biased downward. However, the Bull bear power (BBP) reading at 0.97 als confirms neutral conditions, long wicks on both ends of the days candles suggesting an ongoing tug-of-war between bulls and bears.
Should TRUMP hold above the $13.00 psychological handle, the setup for a potential recovery toward the upper Bollinger Band at $15.85 remains intact.
Yet, the absence of follow-through buying despite elevated volumes raises questions about conviction.
Conversely, failure to maintain $13.00 support risks opening a path to the lower Bollinger Band near $10.33 ā a level last tested during the early stages of the April rally.
#TRUMP #CryptoRegulation #TrumpTariffs #Chinese #china
Chinese Are Crazyš±š¤Æš¤Æš¤Æ
šØJUST IN: A Chinese firm with only a $4.4M market cap plans to buy $800M worth of $BTC & $TRUMP meme coin š¤Æ
Addentax Group (Nasdaq OTC) says it's talking to holders of 8,000 BTC and will fund it by issuing new stock.
Is this real? Or the boldest crypto pump play yet? š
#ChinaDrama #Chinese #ChinaCrypto #TRUMP
#ChinaVsUS
šØJUST IN: A Chinese firm with only a $4.4M market cap plans to buy $800M worth of $BTC & $TRUMP meme coin š¤Æ
Addentax Group (Nasdaq OTC) says it's talking to holders of 8,000 BTC and will fund it by issuing new stock.
Is this real? Or the boldest crypto pump play yet? š
#ChinaDrama #Chinese #ChinaCrypto #TRUMP
#ChinaVsUS
Two Bitcoin mining poolsāwhose names havenāt been made publicāhave together grabbed more than 51% of the networkās total mining power, data from August 19 shows. That level of control would let them reorder blocks, block or reverse transactions, or even create fake bitcoināa risk known as a 51% attack.
Itās the first time in over ten years that any group of pools has held a majority. Back in 2014, GHash.io briefly crossed the line but stepped back after strong industry pushback.
This new concentration has reignited worries about centralization in whatās supposed to be a decentralized system. Critics say sustained majority control could shake confidence in Bitcoinās ledger and its price, while others argue that the many independent miners behind each pool would ditch any operator that tried to cheat the system.
Reports suggest one of the pools might be AntPool, whose owner Bitmain has ties to Chinese stateāaffiliated entities, adding a geopolitical dimension. So far, the blockchain shows no signs of tampering, and the pools have stayed silent on their plans.
#bitcoin
#Antpool
#bitmain
#Chinese $BTC
Itās the first time in over ten years that any group of pools has held a majority. Back in 2014, GHash.io briefly crossed the line but stepped back after strong industry pushback.
This new concentration has reignited worries about centralization in whatās supposed to be a decentralized system. Critics say sustained majority control could shake confidence in Bitcoinās ledger and its price, while others argue that the many independent miners behind each pool would ditch any operator that tried to cheat the system.
Reports suggest one of the pools might be AntPool, whose owner Bitmain has ties to Chinese stateāaffiliated entities, adding a geopolitical dimension. So far, the blockchain shows no signs of tampering, and the pools have stayed silent on their plans.
#bitcoin
#Antpool
#bitmain
#Chinese $BTC
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