US bans imports of solar panel material from Chinese company

2021-06-24 11:06:24

The Biden administration on Wednesday ordered a ban on U.S. imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co over forced labor allegations, said two sources briefed on the matter.

The U.S. Commerce Department separately restricted exports to Hoshine, three other Chinese companies and the paramilitary Xinjiang Production and Construction Corps (XPCC), saying they were involved with the forced labor of Uyghurs and other Muslim minority groups in Xinjiang.

The three other companies added

Continue Reading

Crypto Watch: Bitcoin down 10% to $33,747, ether slips 14%

2021-05-24 08:14:35

Bitcoin fell 13% on Sunday after the world’s biggest and best-known cryptocurrency suffered another sell-off that left it down nearly 50% from the year’s high.

Bitcoin fell to $32,601 at 1800 GMT (2 p.m. ET), losing $4,899.54 from its previous close. It hit a high for the year of $64,895.22 on April 14.

Ether, the coin linked to the ethereum blockchain network, dropped 17% to $1,905 on Sunday, losing $391.31 from its previous close.

Bitcoin markets operate 24/7,

Continue Reading

Bitcoin ends day on the ropes after China clamps down on mining, trading

NEW YORK/LONDON: Bitcoin extended losses on Friday afternoon, falling more than 11% after China doubled down on efforts to prevent speculative and financial risks by cracking down on mining and trading of the largest cryptocurrency.

China’s Financial Stability and Development Committee, chaired by Vice Premier Liu He, singled out bitcoin as the asset it needs to regulate more.

The world’s largest and most popular cryptocurrency recently traded down 11.59% at $35,928 after holding the $40,000 level for most of

Continue Reading

Crypto-crash autopsy shows billions erased in flash liquidations

Cryptocurrency markets are stabilizing after a $500 billion Bitcoin wipeout snuffed out a slew of speculative excesses that had been building for months.

Signals across the virtual-currency complex show leveraged positions are getting flushed out while dip-buyers are emerging — helping fuel a return toward $40,000 for the world’s biggest token.

As the dust settles following the Wednesday crash, Bybt data shows liquidations have totaled roughly $10 billion since Wednesday. Outstanding futures contracts have tumbled from a $28 billion peak

Continue Reading