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June 9, 2021 2:46 PM PDT
Chinaâs crypto crackdown is going into overdrive. China arrested more than a thousand people for using crypto in money-laundering today. Meanwhile, Chinaâs most popular internet services, such as Weibo and Baidu, reportedly censored crypto exchanges commonly used by Chinese traders.Â
Typing in the names of exchanges like Huobi, Binance and OKEx failed to yield results on websites Weibo, Zhihu and Baidu. Itâs not a blanket crackdown: common crypto terms like bitcoin and ethereum did not seem to be blocked. But Chinaâs squeeze on the crypto industry is now operating on multiple fronts.
Last weekend, popular crypto accounts were suspended on Weiboâs social media platform.Â
Chia Network Considers Going for IPO, Chia Coin (XCH) Price Down 6%
2 hours ago by Steve Muchoki · 3 min read
Photo: Depositphotos
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Chia Network’s IPO is expected to clarify its regulatory environment and protect customers from market volatility by allowing them to use currency.
Chia Network In. plans to go public via an IPO this year with high consideration of a SPAC merger just a month after launching. The company raised $61 million from investors such as Richmond Global Ventures and Andreessen Horowitz. This more than doubled its valuation to $500 million. Breyer Capital, Slow Ventures, True Ventures, Naval Ravikant, Cygni Capital, DHVC, and Collab+Currency also participated in the funding round.