Hodler’s Digest, April 8–14: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week NYT Reporter: Facebook Seeking $1 Billion in Venture Capital for Crypto Project According to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to various venture capital firms to develop its digital token that has been previously reported on. Popper, citing unnamed sources familiar with…

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Will China Ban Crypto Mining?

On April 9, Reuters reported that a Chinese government agency is considering the elimination of crypto mining in the country. Given that China has been hosting the majority of mining pools on its soil, the global crypto industry might be poised to take a massive hit. However, the plan is not written in stone at…

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China’s Wenzhou Residents Bolster the Idea of a ‘Blockchain Village’

According to regional reports from China, a village located within the Wenzhou, Zhejiang region called Yuedong has been gathering attention due to its receptiveness toward cryptocurrencies and blockchain technology. In consonance with social media posts on Weibo, roughly 60 percent of the residents in Yuedong know about cryptocurrencies and many of the villagers have invested…

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Egyptian Billionaire Naguib Sawiris Defends Trump’s Trade War, Blasts China for ‘Raping Us’

In what is bound to be pleasing to the ears of U.S. President Donald Trump, Egyptian billionaire Naguib Sawiris has sided with the hardline stance that the leader of the world’s largest economy has taken amid the ongoing U.S.-China trade war. Speaking with CNBC, Sawiris agreed with Trump’s well-known sentiment that China has been taking…

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“The Cutest Crypto Game” Celebrates Chinese New Year and Sends Out Digital Gifts

Decentralized crypto collectible game Blockchain Cuties, which is already available on three different blockchain platforms — Ethereum, EOS and Tron — has announced a celebration of Chinese New Year for its players. The game developer is going to implement the Chinese tradition of giving “lucky red envelopes” and will send out digital gifts. The Blockchain…

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No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says

Economy & Regulation Last year’s falling prices are not a good enough reason to “bury” cryptocurrencies, Russian Prime Minister Dmitry Medvedev said during a high-level economic conference. He believes Russia should carefully follow the developments around digital coins.   Also read: Clickbait Media Uses Bitcoin and Russia to Pump Headlines Again Russia Should Watch Carefully…

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