China’s declaration on crypto-transactions being illegal fueled a sell-off of Bitcoin, Ethereum, and other digital assets. However, this came as a surprise to absolutely no one. As expected, headlines such as “this is a big …
MoreTag: China
Elon Musk on why China hates Bitcoin, why the government can’t destroy cryptocurrency
While CEO of Tesla and SpaceX Elon Musk has been quite vocal about cryptocurrencies in the past, especially on Twitter, he has observably not been too involved in the industry recently. Observers …
More
Institutional investors bought the dip as China FUD broke
Institutional investors were buying the dip on the back of China’s latest FUD, with digital asset investment products generating $95 million worth of inflows last week. According to CoinShares’ Sept. …
More
“Very bullish”: China’s cryptocurrency ban could be a boon for Bitcoin’s security
Great American Mining co-founder Marty Bent has opined that Chinese mining giant Bitmain moving its manufacturing operations from China to other countries would be “extremely bullish” for the largest cryptocurrency. Bent believes …
More
Ethereum price gets back to $3,000 as institutional investors pile into ETH futures
Ethereum’s native token, Ether, staged a rebound on Sept. 26 following a massive decline earlier this week that saw its prices plunging to as low as $2,651 on Coinbase. The …
More
Bitcoin (BTC) jumps on China’s Lehman Brothers
Bitcoin is up some 10% since Monday, rising from $44,000 to above $48,000 at the time of writing, with eth also touching $3,500. Numerous factors are contributing to a bit …
More
Chinese court case suggests that Bitcoin (BTC) is virtual property protected by law
Minhang District Court of Shanghai has stated that Bitcoin should be considered a virtual property protected by Chinese law, which makes it exchangeable and exclusive. In the released article on the official Wechain account, …
More
People’s Bank of China in Shenzhen ‘cleans up’ illegal cryptocurrency firms
The Shenzhen branch of the People’s Bank of China is taking a hardline approach to cryptocurrency-related activities deemed illegal. According to a report from state-run Shanghai Securities News yesterday, the branch has …
More
China to hit back at senators ‘making troubles’ about digital Yuan
China plans to carry out the trial of its Digital Currency Electronic Payment [DCEP] or digital Yuan in 2022 during the Winter Olympics. In fact, according to People’s Bank of …
More
Bitcoin’s (BTC) hash rate originating from China falls below 50%
Bitcoin’s hash rate originating from China and its territories has dropped to less than 50% of the total global BTC network capacity. This milestone was identified by the team at Documenting …
More