First Mover Americas: Bitcoin Little Changed in Face of PBOC Rate Cut

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 24, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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China's share in Bitcoin transactions declined 80% post crackdown: PBoC

China has carried out multiple crypto crackdowns and enforced numerous bans on crypto markets since 2013, however, Chinese traders have always found a way to bypass these bans.

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Shanghai Stocks Rise as China Loosens, Bitcoin Unmoved

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China Ban Causes Surge in Decentralized Exchanges Tokens UNI, SUSHI, BNT

Cryptocurrency investors have turned bullish on Decentralized Exchange (DEX) tokens in the wake of China’s most recent ban on cryptocurrency.  On Friday 27 September, The People’s Bank of China (PBOC) – which exercises regulatory control over one of the world’s largest cryptocurrency markets – declared that all cryptocurrency transactions are “illegal financial activities”, adding thatRead More

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Crypto Exchanges and Companies React to China’s Ban, PBoC Injects 100 Billion Yuan Liquidity in Markets

Despite boosting the net liquidity injection of 510 billion yuan (almost $79 billion) in the preceding six days, the central bank failed to spur risk appetite; meanwhile, crypto-asset prices jumped.

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PBOC Tries to Grapple with Overseas OTC Bitcoin Markets

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China’s Digital Yuan Used for Payment in Country’s Financial Markets

China’s Dalian Commodity Exchange has successfully used the digital yuan for fees settlement in the nation’s futures market, making it the first real application of the People’s Bank of China (PBoC) issued digital currency in the finance sector, according to a report by China Securities News Network on August 23, 2021.

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Crypto Market forecast: 25th November

The crypto markets continued to grind down this week. The price of market benchmark, Bitcoin, fell by almost 20% following an announcement from the PBoC stating that the Chinese government remains opposed to the risks around cryptocurrency investment.

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Shanghai PBOC Crackdown on Cryptocurrencies Causes Market Crash

The Shanghai division of the People’s Bank of China issued a statement regarding the use of virtual currencies in the region. Reiterating that China’s favorable openings are to blockchain and not Bitcoin, markets slid by up to 11 percent in response to the news.

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Will China's 'Cryptocurrency' Pump - or Pummel - Bitcoin?

China's long-fabled "cryptocurrency" launch is finally on the horizon. According to Bloomberg, People’s Bank of China (PBoC) payments department deputy director Mu Changchun confirmed at the China Finance 40 Forum that the country’s cryptocurrency is nearing its release following a year of research and development.

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Dow Recoups 275 Points as China Manipulates the Market - Again

The Dow and broader U. S. stock market began their long road to recovery on Tuesday after the People's Bank of China (PBoC) announced it would take decisive measures to stabilize the yuan. In other words, PBoC is manipulating the currency market in the direction that appeases stock traders.

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