Why Cardano Bull Trend Isn’t Over And 91% Increase Is Imminent, deVere CEO Nigel Green

One look at the charts and any crypto investor will see Cardano is currently suffering. The digital asset is currently down with the rest of the market, which is suffering in the wake of the Evergrande situation in China.

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Tether Claims to Hold no Commercial Paper From Struggling Evergrande

Stablecoin Tether says it does not hold any commercial paper from Evergrande in recent a statement. Evergrande, China’s second-largest property developer by sales, recently warned that it was in danger of defaulting on massive debts.

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China Unveils Plans For H2 2021 — Crypto Witch Hunt May Be Coming To An End

The People’s Bank of China has stated that its crackdown on virtual currencies has been achieved and is now under normalized supervision. The mission for the remaining months of the year is to “maintain” the status quo which is a hint that the sector may not see any major regulatory actions in the near future. […]

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China-Plus-One Strategy

Tiger Cub economies stand to gain from any diversification of supply chains away from China, which is locked in a trade dispute with the U.S.

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As Bitcoin and Ethereum Springs Forth, Chinese Stocks See Biggest Slump In Years

Recent events have shown that the traditional financial market is just as volatile as any other market; contrary to the popularly held consensus that cryptocurrencies are the only volatile market. China’s falling stock market proves that the traditional financial market is just as volatile as the cryptocurrency market.  Over the past few days, two of […]

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Bitcoin Greener Than Any Country or Industry Says Survey

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Is It Time To Sell Your Bitcoin? Jim Cramer Says It Is

Jim Cramer has disclosed that he has sold “almost all” of his bitcoin holdings. According to Cramer, he said the reason he sold was due to issues surrounding the asset. He cited the recent China crackdowns on mining as one of the reasons he got out.

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The Price of Graphics Cards Plummet in China After Bitcoin Mining Crackdown

Meanwhile, Nvidia Corp. continues to push for a chip just for cryptocurrency miners where the CEO said they “learned to move faster,” to prioritize its gamer customer base and immune themselves from the worst of any potential crash.

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China’s Central Bank Forbids Banks and Payment Providers to Deal with Crypto-Related Businesses

Central Bank of China has ordered five banks and several payment firms, including Alipay, to not deal with any crypto-related companies, including exchanges

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Miami Mayor Tries to Entice China’s Bitcoin Miners — ‘We Want You to Be Here’

Miami’s Mayor Francis Suarez told the press on Thursday that his city was open to bitcoin miners from China who are flocking to find new homes. Suarez says he hasn’t actually talked to any miners from China but said he wants them to know the opportunity is there.

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The 4th Richest Bitcoin Whale bought 12,000 bitcoins at an average price below $40k in past three weeks

Yesterday’s sell-off might just be the dumbest move we saw happen in the bitcoin crypto market. People were panicking all over again, but this time- it was not China FUD or any mining-related issue; it was mainstream media and US government officials spreading fake news on bitcoin wallets being hacked.

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Amid ongoing Chinese restrictions of crypto, is it wise to buy NEO and TRON?

As of recently, China restricted financial institutions and really any payment company from providing services that are related to cryptocurrency transactions. However, this might not be as serious as you think, as it is not the first time China has attempted to restrict the trading market.

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China Announces Huge Crackdown on Cryptocurrency Mining

According to a new announcement by the Chinese government, the country is looking to crack down on cryptocurrency mining. The Thursday statement, penned by the State Council’s Financial Stability and Development Committee chaired by Vice-Premier Liu He, comes just three days after regulators banned any financial institutions from doing any business related to cryptocurrencies.

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Bearish Rumble Intensifies As China Moves To Crack Down On Bitcoin Mining and Trading Activities

China appears to be ready to go to war with Bitcoin and other cryptocurrencies just about a month removed from changing its stance on digital assets. Earlier this week, it was reported that the country had banned financial institutions from conducting any crypto transactions but subsequent claims pointed out that the powers that be are […]

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China Bans Banks From Using Cryptocurrency, Causing Worldwide Crash

China has banned any financial institutions and payment companies from doing any business related to cryptocurrencies, Reuters reports. The cryptocurrency market is flourishing in the country, despite crypto exchanges and initial coin offerings being banned in the country.

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Bitcoin Headed For A Catastrophic Price Drop As China Reiterates Negative Stance On Crypto

On Tuesday, a report from Reuters made claims of China passing a ban on financial institutions and payment companies, prohibiting any cryptocurrency transactions and warning investors over speculative crypto trading.

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The ‘China crypto FUD’ is back again, but it’s misleading

Three industry bodies under the Central bank of China released a document today calling for a ban on financial institutions and online payments channels providing any services involving cryptocurrency, including but not limited to registration, trading, clearing, and settlement.

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China Bans Financial Institutions From Participating in Crypto Services

Under this ban, no banks or online payments channels are permitted to offer clients any services involving cryptocurrency. The post China Bans Financial Institutions From Participating in Crypto Services appeared first on BeInCrypto.

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China in Taiwan and Russia in Ukraine Sabre Rattle, is it Propping Up Bitcoin?

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Kevin O’Leary Refuses Bitcoin ‘Blood Coin’ Mined in China

On CNBC’s Capital Connection, O’Leary brought up what he considers to be a growing issue with bitcoin. First, he highlighted that bitcoin had yet to make any substantial inroads in institutional portfolios.

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Tesla Investment in Bitcoin Could Mean More Work for Xinjiang Coal Miners

There is a good chance that any new bitcoins generated after Elon Musk boosted the crypto will be sourced using cheap coal power in China’s Xinjiang.  Cheap Reserves of Fuels Make the Province Suitable The region, which has risen to prominence in recent years for complaining about harassment of the Uighur Muslim minorities, is alsoRead More

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There Won’t Be Any Stablecoin For The Digital Yuan If PBoC Implements Revised Banking Law

China’s Central Bank, the People’s Bank of China (PBoC) is looking to revise the current banking law to legalize the Digital Yuan and prohibit the development of any tokens pegged to the digital Yuan in the country.

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Shenzhen has a new plan for promoting digital yuan

As China continues down the path to issuing its own CBDC across the country, some of its regions are already prepared to help contribute in any way they can. Shenzhen, for example, recently revealed a new program that will see it issue 10 million yuan ($1.

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Chinese Central Bank Calls Digital Currency Competition a ‘New Battlefield’

If recent events are any indicator, the race for central bank digital currencies (CBDC) appears to be heating up. In August, trials of China’s digital currency electronic payment pilot were announced in 27 cities across the country.

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Edelman Survey: 48% of 34k Global Respondents Trust Crypto; China Tops the List at 81%

The Edelman Trust Barometer comprising of 34,000 online correspondents from 26 different markets suggest that 48% of the surveyed individuals trust cryptocurrency. In contrast, only 35% of them believe it would bring any good to the world.

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China is forging ahead with national crypto project: leaked screenshots

If you’ve been in the Bitcoin market for any period of time, you likely know that China has long been a hub for crypto assets as a whole. Yes, the trading of BTC and other cryptocurrencies is vehemently banned and restricted, but the Beijing government has continued to maintain heavy involvement in the broader space, […] The post China is forging ahead with national crypto project: leaked screenshots appeared first on CryptoSlate.

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China's banks continue to embrace blockchain despite scalability, usability concerns

The world of regulators has been itching to regulate cryptocurrencies and device a solution to avoid any economic "threat" that comes with it. Development announcements made by countries like China, SThe post China's banks continue to embrace blockchain despite scalability, usability concerns appeared first on AMBCrypto.

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Coronavirus Massacred its Economy – but China’s Still Lying About it

China's foreign minister denies any risk from coronavirus to China's economic growth, but there are three reasons we know that's not true. The post Coronavirus Massacred its Economy – but China’s Still Lying About it appeared first on CCN.com

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President Xi Visits the Beijing Area as the Coronavirus Runs Rampant Across China

The coronavirus outbreak continues to throw up very surprising developments. It has even forced President Xi Jinping to come out and tour Beijing to oversee efforts to contain the epidemic. Albeit a Presidential visit won’t alleviate any symptoms, the Chinese public will be pleased to see him in the open again.

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China Urged to Regulate Cryptocurrency Over Growing Libra Concerns

The powers that be in China seldom listen to advice from any outsiders. One former central banker, however, thinks that global cooperation is needed, especially in response to Facebook’s Libra. China has fast-tracked the development of its central bank digital currency (CBDC), primarily over fears that Facebook could dominate if it gets there first.

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How Much Influence Will China Have On The Future Of Bitcoin?

China is intrinsically tied with bitcoin, more so than any other nation. The state has little tolerance for it, that much is known, but can past events give us any insight to the future of this fragile relationship.

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Is APT20 a new Chinese State-sponsored Hacker Collective?

China is known to sponsor several hacking collectives. APT20 a very active community of criminals, wasn’t officially linked to any country, until now. New research by Fox-IT seems to indicate APT20 is working on behalf of the Chinese government.

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Bank of Japan discusses CBDCs; avoids any question of issuance

The concept of a state-backed digital currency has recently gained massive attention from countries across the world, most notably China. Japan seems to be the latest country to enter the race. A rThe post Bank of Japan discusses CBDCs; avoids any question of issuance appeared first on AMBCrypto.

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China Enforces Facial Recognition Scans When Registering a new Mobile Plan

Any new development involving technology out of China will be scrutinized. The government’s desire to introduce face scans for mobile users will only stir the pot even further.   Mobile devices, such as smartphones and tablets, have become the new medium for  a lot of people in 2019.

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Bitcoin, Crypto Markets Bounce Back as China Crackdown FUD Wanes

The correlation between any further oppression of the bitcoin and crypto industry in China and market movements appears to be crumbling. Mainstream media is still firmly behind the premise that the latest rout was a direct response to further crackdowns on the mainland, but BTC and digital assets are making gains today to suggest otherwise.

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Alipay Records Blockchain Milestone as China Leaves Bitcoin Behind

Xiang Hu Bao, a blockchain-based mutual aid platform operated by payment processor Alipay, has on-boarded over 100 million customers. The platform, which was launched in October 2018, provides a health plan that covers about 100 types of ailments.

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Binance Is to Come Out as a Winner Because of Decentralization

Coinspeaker Binance Is to Come Out as a Winner Because of DecentralizationIf there is any crackdown on exchanges in China, Huobi and OKex will be axed first. Binance, with team members all around the world, were built from the early days to be immune to this.

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Bitcoin Could Fall Below $6K, Predicts Analysts

The Bitcoin price initiated a rapid decrease on November 22. It fell through several support areas without showing any signs of a reversal. It is approaching a very significant support line, which has been in place for roughly eight years.

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New Bitcoin Crackdown: China Witch-Hunting Any Provider of Crypto Transactions to Locals

Shanghai authorities are cracking down on Bitcoin and crypto and are banning any providers of crypto transactions to Chinese users

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Crypto Market Fear Index Suggests Bitcoin Price Has Further To Fall

Bitcoin price is once again in free-fall mode after the crypto asset set a record for its third-largest gain in a 24-hour period on the heels of news that China would support blockchain technologies like what Bitcoin is built on.

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China’s State Outlet Xinhua Exposes Millions to Bitcoin

China doesn’t seem to want the Bitcoin and blockchain gravy train to slow down any time soon. On Sunday afternoon (PST), reports arose on Twitter that Chinese state media had begun to talk up the leading cryptocurrency via an article.

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Op Ed: In China, It’s Blockchain and Tyranny vs Bitcoin and Freedom

China’s centralized blockchains couldn’t be any farther from Bitcoin’s. Designed for maximum control, they will become tools for improved surveillance and social engineering. The post Op Ed: In China, It’s Blockchain and Tyranny vs Bitcoin and Freedom appeared first on Bitcoin Magazine.

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Beijing Increases Censorship, Surveillance Amid Blockchain Push

The Beijing regime is all about control. It is a country where people have very little freedom of information or finance (apart from the very affluent).  While the state strives to be a world leader in blockchain technology, it still does not trust cryptocurrency, still heavily censors the internet, and still spies on its citizens.

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China’s $3.6 Billion WTO Case Win Against the U.S. Is Nothing More Than a Sideshow

The World Trade Organization (WTO) allowed China to collect $3. 6 billion in tariffs against the United States. The trade war has become so big that the retaliatory tariffs won’t add any layer of tension.

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Collapsing Trade Talks and Trump Impeachment Vote Create Perfect Storm for S&P 500

Any significant trade resolution between China and the U. S. appears unlikely. The impeachment proceedings will give Trump powerful leverage that can get him re-elected in 2020. The stock market is very likely to go through a massive selloff but Trump may come out victorious.

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Censoring the Censors: Examining China’s Blockchain U-Turn

Hardly two months ago, China was removing WeChat accounts of blockchain news operators and told hotels not to allow any cryptocurrency meetups. In an ironic turn of events, CN Ledger tweeted that it is now illegal to publish an article calling blockchain “a scam” in China.

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This Crypto Related Stock Surged 67% after Xi Jinping’s Blockchain Push

Hong Kong investors increased their exposure in a blockchain firm after China’s premier Xi Jinping endorsed the technology in his Friday speech. The stock value of Pantronics Holdings Limited (1611:HK), a Hong Kong-based electronic product manufacturing firm, climbed by up to 67.

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China Merchant Bank invests in Bitcoin wallet after passage of ‘cryptographic’ law

China had prohibited financial firms from holding or trading in Bitcoin back in December 2013, going on to later ban any foreign crypto-exchange that offered such services. However, the latest announcement by the Chinese President Xi Jinping on blockchain technology, followed by the passage of the cryptographic law, has made everyone optimistic that maybe China […] The post China Merchant Bank invests in Bitcoin wallet after passage of ‘cryptographic’ law appeared first on AMBCrypto.

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Dow Winces as Trump Berates Republican Critics as ‘Human Scum’

The Dow Jones dipped on Wednesday, unable to garner any meaningful momentum even as Boeing shrugged off some wobbly earnings and Apple basked in more positive forecasts. A lack of China trade war developments appears to have removed the volatility from the marketplace, but the Dow began slipping late in the session as growing fears […] The post Dow Winces as Trump Berates Republican Critics as ‘Human Scum’ appeared first on CCN.com

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