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Altcoin exchange Kucoin to cease China operations amid regulatory woes
It appears centralized exchanges are the most affected in China’s new ban on crypto trading as another exchange, KuCoin, has advised its China’s mainland users to move their digital assets to another platform before the end of the year. дальше »
2021-10-5 10:00 | |
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Kucoin follows other crypto exchanges as it closes doors to Chinese users
Yet another exchange banned Chinese users from their platform, as Kucoin became the latest exchange to ban cryptocurrency users from mainland China on Sunday. The exchange noted in a statement, "ForThe post Kucoin follows other crypto exchanges as it closes doors to Chinese users appeared first on AMBCrypto. дальше »
2021-10-3 22:00 | |
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Identifying how Bitcoin is 'winning' despite all the China FUD
In any financial ecosystem, a ripple effect is an actual phenomenon. More often than not, it is extremely apparent in the cryptocurrency industry since one thing leads to another and the market sees aThe post Identifying how Bitcoin is 'winning' despite all the China FUD appeared first on AMBCrypto. дальше »
2021-9-30 00:30 | |
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Bitcoin Dealt Another Blow By China’s E-Commerce Giant Alibaba
Chinese giant e-retailer Alibaba has announced it will halt selling cryptocurrency mining equipment come October 8, 2021. This is according to two notices sent out on Monday referring to laws and regulations and particularly a circular by the People’s Bank of China and other government organizations published last week that banned the transaction, mining, and […] дальше »
2021-9-29 23:05 | |
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Crypto Roundup: September 27, 2021
Another week of wild volatility has hit the cryptoasset market, as China’s latest ban collides with accelerating adoption to catalyze big market swings. First, fears of the financial collapse of Chinese developer Evergrande sent crypto sliding last Monday, before the market turned around as Twitter added Bitcoin tipping. дальше »
2021-9-28 16:22 | |
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Here's why the Bitcoin bull run will continue in Q4 despite September sell-off
Bitcoin and other cryptocurrencies experienced pressure in September as fears around China’s Evergrande collapse mounted. Another FUD sell-off followed after China's announcement that rendered privaThe post Here's why the Bitcoin bull run will continue in Q4 despite September sell-off appeared first on AMBCrypto. дальше »
2021-9-28 01:30 | |
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A Fast Growing NFT Buzz Is Hitting China, But Will It Last?
Following a government widespread clampdown on cryptocurrencies, many Chinese have now turned to NFTs — another pea in the blockchain pod— as a new form of digital investment. Non-fungible Tokens (NFTs) have since become the new catch for investors in the world’s most populous nation, as many continue to find it increasingly difficult to access […] дальше »
2021-8-29 14:53 | |
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China’s “Great Mining Migration” Leads Cryptocurrency Firms To Relocate
The recent move from China to crack down on cryptocurrency mining caused Bit Digital Inc to change its plan. Instead, the Nasdaq listed company intensified its efforts of acquiring over 20,000 computer systems from another country. дальше »
2021-8-24 12:00 | |
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China considers exploring e-CNY for cross-border payments
China will be taking another step forward in its mission to launch the country's digital e-currency. As per a recent report which cites the PBoC, the country will be exploring possibilities pertainingThe post China considers exploring e-CNY for cross-border payments appeared first on AMBCrypto. дальше »
2021-7-17 00:30 | |
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China’s crypto miners suffer a new blow as another province cracks down on mining
China has been dealing blows to crypto miners for months now, one province after another. The trend does not appear to even be slowing down, let alone stopping, as the Anhui province became the latest one to join the country-wide crackdown. дальше »
2021-7-15 13:25 | |
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“Top” Bitcoin Miner Predicts Bleak Crypto Future In China
The founder of Bitcoin mining pool BTC. TOP, Jiang Zhuoer, has made another prediction on the future of this sector in China. Large BTC mining operations have been forced out of the country, as the Asian Giant crackdowns on the industry. дальше »
2021-7-6 20:44 | |
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Bitcoin Hash Rate Share Records a Shift after 70% of China’s Mining Capacity Goes Offline
Despite China’s latest strict measures, there hasn't been another surge in the amount of BTC sent by miners to the crypto exchanges for selling ever since peaking last month. Still, BTC held on Binance has climbed to new highs over the last month. дальше »
2021-6-23 16:07 | |
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Why China’s Move Against Bitcoin Is Turning Out To Be The Best Thing Ever For The Crypto Market
Bitcoin’s price suffered another tumble this week following the latest developments in China on the cryptocurrency front. The Chinese government had warned of its intention to crack down on mining in the country and it’s since been reported that more than 90 percent of the PRC’s mining capacity has been shut down as lots of […] дальше »
2021-6-23 12:54 | |
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China’s crypto crackdown causes CNBC’s Jim Cramer to get rid of his BTC
China seems to have had it with Bitcoin (BTC/USD), and cryptocurrencies in general. The country’s central bank recently started another crypto crackdown, aimed at pushing the Bitcoin miners out of the country. дальше »
2021-6-22 12:29 | |
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This would be decisive for Bitcoin's movement over the coming days
China's clampdown on cryptocurrency mining in the key province of Sichuan piled on further selling pressure on the global cryptocurrency market. Market leader Bitcoin suffered yet another pullback as The post This would be decisive for Bitcoin's movement over the coming days appeared first on AMBCrypto. дальше »
2021-6-22 22:00 | |
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China Taps Blockchain for Securing Electronic Delivery Platforms for Containers
China’s blockchain adoption drive is set for another use case with the government looking to utilize the novel technology in improving security protocols for electronic delivering platforms tasked with managing imported containers. дальше »
2021-6-17 14:00 | |
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China’s Qinghai Province Instructs Bitcoin Mining Operations to Shut Down
Following the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate. дальше »
2021-6-10 08:30 | |
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How Another Chinese Power Outage May Have Led to Bitcoin’s Flash Crash This Week
Earlier in April, an accident at a Chinese coal mine in Xinjiang sent Bitcoin network’s hash rate plummeting 30% in a span of a day, which crippled the major cryptocurrency’s rally. Now, Bitcoin’s hash rate is suffering a similar loss as miners based in Sichuan, China face limitations on power usage. The State Grid in […] дальше »
2021-5-22 05:02 | |
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Market Bloodbath Continues as Chinese Government Mulls Banning Bitcoin Mining Activities
The Chinese government has doubled down on its anti-cryptocurrency regulations. Recent reports reveal that government officials called for a crackdown on bitcoin trading and mining activities. Another China FUD? In a meeting held on Friday (May 21, 2021), the Financial Stability and Development Committee of the State Council, headed by Liu He, vice Premier ofRead More дальше »
2021-5-22 01:00 | |
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Bitcoin Hash Rate Takes Another Hit as Inner Mongolia Crypto Mining Shut Down Goes into Effect
This is positive for the crypto industry because Inner Mongolia is China’s second-largest coal producer, and such a move will push Bitcoin miners towards using renewable sources. The post Bitcoin Hash Rate Takes Another Hit as Inner Mongolia Crypto Mining Shut Down Goes into Effect first appeared on BitcoinExchangeGuide. дальше »
2021-5-20 18:09 | |
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Black Thursday All Over Again? Analyst Explains Bitcoin Could Drop to $30,000
Bitcoin has been trending down for five days now. Another piece of bad news came Wednesday, as the People’s Bank of China said digital tokens can’t be used as a form of payment. After the announcement, both BTC and ETH saw a 5% drop. дальше »
2021-5-20 18:34 | |
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Report: China’s Bitcoin Hashrate Dominance Dives, ‘North America Could Steal the Lead’
A newly published regional report shows that China’s hashrate has likely dropped to 55% while the U. S. has climbed to 11%. Another study predicts that it’s possible North America could overtake China in terms of hashrate by the end of 2021. дальше »
2021-5-10 16:30 | |
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China: Meitu buys another $50 Million of Bitcoin and ETH
Meitu, a Hong-Kong-listed and Cayman Islands-Incorporated video and image processing software developer, has splashed another $50 million buying both Bitcoin and Ethereum, sources on Mar 17 shows. Meitu’s $90 million investment in Bitcoin and Ethereum Best known for its beauty app, Meitu is adding to their crypto stash another $50 million. The public firm appearsRead More дальше »
2021-3-18 13:00 | |
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China’s Publicly-Traded Company Meitu Buys Another 386 BTC ($21.6M) and 16k Ether ($28.4M)
As per the company's filing on Wednesday, a publicly-listed Chinese company, Meitu, has purchased an additional 16,000 Ether for $28. 4 million and about 386 BTC for $21. 6 million in the open market. дальше »
2021-3-18 21:37 | |
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China enlists Tencent and Ant-backed banks for digital yuan trial
China has taken another leap in its developmental efforts of its Digital Currency Electronic Payments [DECP]. On Monday, reports pointed out that Ant-backed MYbank will be joining the digital yuan triThe post China enlists Tencent and Ant-backed banks for digital yuan trial appeared first on AMBCrypto. дальше »
2021-2-22 16:00 | |
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Chinese Commercial Bank Tests Biometric Hardware Wallet for Digital Yuan Payments
The Postal Savings Bank of China (PSBC), a Chinese commercial bank, has created another hardware wallet for digital yuan payment, as part of China’s efforts to carry out large-scale trials for its proposed central bank digital currency (CBDC) project. дальше »
2021-2-19 16:00 | |
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Shenzhen Continues CBDC Trials, Distributes Another $3 Million in Digital Yuan
The Chinese city of Shenzhen is preparing for its third test for China’s central bank digital currency (CBDC) project known as digital currency electronic payment (DC/EP), as it plans to distribute $3 million in digital yuan in a red packet event. дальше »
2021-1-22 16:00 | |
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Digital Yuan Still in Trial: China Airdrops Another $3 Million Worth of Its DCEP to 10,000 Suzhuo Residents
China’s digital Yuan has been facing a series of trials since its launch. The country has been making several attempts to gain a foothold for its digital currency. Still, in the test phase, China has just airdropped another $3 Million worth of its DCEP to some Suzhuo residents, according to a new report. This appears […] дальше »
2020-12-17 18:00 | |
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Another Asian Crypto Exchange Suspends Withdrawals as China Detains One of Its Founders
Chinese authorities are launching a national crackdown against fraudulent SIM card and bank account schemes. The latest detained under this operation is one of the founders of a Hong Kong-based cryptocurrency exchange CEO Global (ceobi). дальше »
2020-12-10 10:30 | |
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Suzhou to receive $3 million DCEP airdrop as adoption grows
China is leading the world in the development, implementation, and testing of its CBDC with the DCEP project, adding yet another city to the list of test runs. According to reports, Suzhou will givThe post Suzhou to receive $3 million DCEP airdrop as adoption grows appeared first on AMBCrypto. дальше »
2020-12-5 15:30 | |
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China’s CBDC Could Be the Death Knell for Macau’s High Stakes Gambling Scene
Macau’s gambling industry already affected by the coronavirus could be in for another significant external stress in the form of China’s central bank digital currency (CBDC). The emergence of traceable digital yuan enforced by Beijing on the enclave may likely send shockwaves through the sector, forcing several high-rollers to take their money elsewhere. дальше »
2020-12-3 00:00 | |
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Ripple CEO’s Broken Record: Level Playing Field for XRP to Compete with China Controlled Bitcoin
Another interview, another strike from Ripple CEO on Bitcoin. Brad Garlinghouse clarified that he is a bull on Bitcoin and that he owns it, but at the same time, he said, “We need to acknowledge that when Bitcoin is more than 50 percent of the mining in China that China can control those technologies. дальше »
2020-11-21 20:14 | |
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China’s Central Bank Set to Ban Cryptocurrency Issuance
In yet another crypto-related ban, China’s central bank is accepting public comments concerning a draft law that seeks to pave the way for the digital yuan. China’s 2017 ICO and crypto trading ban sent shockwaves across the market at the time. дальше »
2020-10-23 17:40 | |
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The Bahamas beats China by launching the world’s first CBDC
China has made central banks around the world start considering, and even exploring and developing CBDCs after it originally revealed digital yuan. However, while China was considered to be in the lead when it comes to the development and testing of its own CBDC, it appears that another project may have surpassed it. дальше »
2020-10-21 12:24 | |
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S&P 500 Hits Another Record High as U.S. and China Resume Trade Talks
Coinspeaker S&P 500 Hits Another Record High as U. S. and China Resume Trade TalksThe tech sector continues to take the markets ahead as indices hit new highs. The U. S. and China have resumed the phase one of the trade talks as the two giant economies plan to come to common grounds with their trade settlements. дальше »
2020-8-26 11:20 | |
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China CBDC Trials Coming to Beijing and 27 Other Cities
China’s accelerated central bank digital currency (CBDC) plans are set to reach another milestone with tests scheduled for Beijing and 27 cities in the country. These new digital currency electronic payment (DCEP) trials will join other public pilots already ongoing in cities like Shenzhen and Suzhou. дальше »
2020-8-15 17:34 | |
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China and US Must Learn From One Another and Collaborate on CBDC
The governments of China and the U.S. frame digital currency as part of their great-power competition, but instead they should work on this technology together. дальше »
2020-7-28 17:00 | |
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