Breaking: Popular Chinese Crypto Websites Shuts Down Amid Beijing’s Zero Tolerance Policy
Beijing’s no-tolerance policy against cryptocurrency is back in full swing again as two of the most popular crypto media outlets in China ChainNews and Odaily have vanished from the internet. ChainNews had earlier tweeted that its website would be down for 10 hours due to maintenance on Monday, however, it remained inaccessible inside as well as outside mainland China until Wednesday.
The XRP community is singing praises of the multi-asset exchange, Uphold for continuing its XRP listing despite consistent regulatory disapproval and an extended lawsuit at hand. Uphold’s exclusive announcement determined that the exchange will not delist XRP unless the SEC’s alleged accusations against Ripple are adjudicated to legally prove XRP as security, or if the trading volume of the given token falls to a point where it’s impossible to back.
Crypto.com, the popular crypto platfrom has inked a naming right deal with NBA Laker’s Staples Center for 20 years. The deal is estimated to be worth $700 million and would lead to the renaming of the arena. This has reportedly not gone down well with Vanessa Bryant, the widow of NBA legend Kobe Bryant who died in a helicopter accident last year.
Binance CEO, Changpeng Zhao recently spoke with the Associated Press, confirming that the only cryptocurrency that he owns apart from his company’s native, Binance coin (BNB), is Bitcoin (BTC), further revealing that he had bought Bitcoin in 2014 and still holds most of it.
OneRare, the first-ever project to build a metaverse for food, gaming, and NFTs on the blockchain ecosystem has revealed the completion of its fundraising round. As announced by the team, the cutting-edge innovative project raised $2M during the funding rounds.
The market-wide profit-taking that started the Tuesday November 16 crypto market crash has deepened Shiba Inu price correction tanking below the $0.000050 support level. Floki Inu, the other favourite meme coin has dropped about 25% from highs of about $0.0024 on November 15 to the current price around $0.001814.