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Crypto bears may want to go back into hibernation. Today’s inflation news, showing consumer prices rose 5% when compared to 2020, should reinforce the bull case for bitcoin, as a hedge against inflation. The new numbers follow data out of China indicating that the producer price index, a global ...

June 9, 2021 2:46 PM PDT China’s crypto crackdown is going into overdrive. China arrested more than a thousand people for using crypto in money-laundering today. Meanwhile, China’s most popular internet services, such as Weibo and Baidu, reportedly censored crypto exchanges commonly used by Chinese traders.  Typing in the names of exchanges like Huobi, Binance and OKEx failed to yield results on websites Weibo, Zhihu and Baidu. It’s not a blank...