Australia’s cryptocurrency industry has called for government intervention after banks have continued to refuse to provide services to the sector. In a series of submissions to a Senate inquiry over Australia’s future as a technological and financial hub, cryptocurrency exchanges have unanimously called for a regulatory regime that will instead bolster the nation’s rapidly evolving…
NTD Business Full Broadcast (July 20)
Stand aside Richard Branson, it’s now Jeff Bezos’s turn in the spotlight. The billionaire founder of amazon blasted off into space this morning. The CCP virus is taking more than just lives. One top shoe brand might be running low on sneakers because of it. Bitcoin tumbles below 30-thousand dollars today, first time in about…
NTD Business Full Broadcast (July 7)
Job openings reached 9.2 million in May, the highest number in over two decades. Visa says spending on its crypto cards topped $1 billion for the 1st half of the year. The company says it’s trying to create an ecosystem so crypto can be used like any other currency. Former President Trump announces a class-action lawsuit aimed…
Miners Lament ‘End of An Era’ as China Eradicates Bitcoin
Shortly after Chinese vice premier Liu He stressed the crackdown on Bitcoin mining and trading in May, the provinces of Inner Mongolia, Qinghai, Sichuan, and others began closing off cryptocurrency markets one by one. The authorities also summoned executives from Chinese financial institutions, including many banks and Alipay, instructing them to implement tough regulations. Cryptocurrency…
Is China’s Bitcoin Mining Ban a Benefit in Disguise?
Commentary Beijing’s broadening ban on cryptocurrency mining has—for now—crippled the industry and sent bitcoin prices collapsing. But as bitcoin miners move to other regions and countries, China’s recent action could usher a period of greater stability for the cryptocurrency. More diverse distribution of mining power and higher usage of renewable energy could also be in…
NTD Business Full Broadcast (June 22)
After 15 months, Michigan’s restaurants and other businesses are finally allowed to go back to normal. They can now run at full capacity again. Employers beware, a new survey says half of workers in the U.S. are re-evaluating their career goals after the pandemic. And it seems like the market for talent is becoming more and more…
Bitcoin Struggles to Regain Ground After Plunging on China Clampdown
LONDON/HONG KONG—Bitcoin strained on Tuesday to climb away from a two-week low touched a day earlier when China’s central bank reaffirmed a clampdown on cryptocurrencies and restricted trading channels for Chinese residents. The world’s largest cryptocurrency gave up most of its earlier gains and was last up 0.5 percent at $31,753. It tumbled over 10…
NTD Business Full Broadcast (June 21)
Amazon Prime Day is here, a day of full of sales on Amazon.com. Usually great for both customers and businesses, but some are having problems coming out of the pandemic. American Airlines is cancelling hundreds of flights. It’s blaming high demand and not enough workers. Bitcoin took a dive today, after China expanded its crackdown on…
Bitcoin Tumbles 10 Percent in Wake of Deepening China Clampdown
LONDON/TOKYO—Bitcoin tumbled almost 10 percent on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China’s expanding clampdown on bitcoin mining in thin liquidity for the losses. Bitcoin fell as low as $32,094 to its lowest in 12 days, dragging smaller coins down. It…
Musk Says Tesla Will Accept Bitcoins When Miners Use More Clean Energy
Tesla CEO Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” he said in a tweet. Bitcoin rose 5.1 percent…
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