Chinese Tech Company Puts $40 Million Into Bitcoin and Ethereum

Chinese tech company Meitu now has $40 million worth of Bitcoin and Ethereum on its balance sheet

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Chinese state TV covers Bitcoin pushing 20% above $20,000

Finally, the world’s eyes are on Bitcoin.

The post Chinese state TV covers Bitcoin pushing 20% above $20,000 appeared first on CryptoSlate.

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Bitcoin Is a Scam for Most Chinese People, Caijing Poll Shows

Bitcoin continues to capture mainstream attention in China, but most Chinese remain skeptical

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Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners

Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen electrical shortages and the aftermath is causing quite a bit of stress for Chinese bitcoin miners.

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Chinese Investors May Increasingly Invest in Bitcoin in Q2 as Local Funds Cripple

Search trends emerging from China show interest in ‘Bitcoin’ could hit an all-time high in the 12-month range. Chinese users’ increased attentiveness for the cryptocurrency comes against the backdrop of underperforming money-manager funds.

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3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners

As tensions escalated between the U. S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan.

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Bitcoin (BTC) Price Goes Crazy as Chinese Stocks Tank

Bitcoin (BTC) flirted with the $8,600 level on heels of the Chinese stock market crash before retracing all recent gains

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Bitcoin may slide after Chinese New Year, but a 'nosedive' is least likely

It seems like we're just not content with a bullish scenario involving Bitcoin; a bearish narrative is always around the corner! After a 6 percent drop over the last 3 days, the community speculateThe post Bitcoin may slide after Chinese New Year, but a 'nosedive' is least likely appeared first on AMBCrypto.

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Chinese Bitcoin Miners Control Two-Thirds of Global Hashrate

Chinese Bitcoin miners have extended their share of the global hash rate. Currently, they control two-thirds of Bitcoin’s processing power, Reuters reported yesterday, citing a research by CoinShares.

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Bitcoin Nosediving for Weeks while Chinese Glee Dims

Coinspeaker Bitcoin Nosediving for Weeks while Chinese Glee DimsAt the current moment, Bitcoin price is close to the key technical support level at $7,300.Bitcoin Nosediving for Weeks while Chinese Glee Dims

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Chinese State Media Organization Prints Bitcoin Overview Article

A Chinese media agency recently published a detailed article on Bitcoin on the front page of its newspaper on November 11, 2019. This development is in line with China’s latest positive stance towards cryptocurrency and blockchain technology.

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Chinese are Not Coming to Bag Bitcoin: Analyst

The bitcoin price climbed by more than 40 percent after China’s President Xi Jinping endorsed blockchain technology in his speech on October 25. Global outlets were quick to correlate the two events, stating that investors [probably] increased their holdings in bitcoin, hoping that the Chinese people would also do the same by taking cues from.

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Binance Offers Chinese Bitcoin Traders a Lifeline with P2P Trading

Binance, the world’s largest crypto exchange by 24-hour trading volume has announced the launch of its peer-to-peer (P2P) crypto trading service for Chinese residents. Users will now be able to trade a few supported cryptocurrencies including bitcoin (BTC), ether (ETH) and Tether (USDT) against the Chinese yuan, according to a blog post from the exchange,Read MoreRead More.

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‘Chinese Buying Up Bitcoin’ Narrative ‘Very Dubious’

The narrative that China is ‘buying up bitcoin’ is very dubious, according to a local investor and Primitive founder, Dovey Wan. However, as a foil to ‘moon BTC‘, she is behind it all the way.

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Chinese are Not Buying Bitcoin: Peter Schiff

The Chinese investors do not think of bitcoin as a safe-haven asset, and they are not buying it, believes Peter Schiff of Euro Pacific Capital. The statement appeared amidst international media coverages about bitcoin’s price rise against a gloomy macroeconomic outlook.

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Chinese Citizen Wei Liu Also Claims US Copyright for Bitcoin White Paper

Another copyright claim to bitcoin’s white paper has been filed by Wei Liu, a Chinese citizen residing in California

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Bitcoin Pump: Trade War Narrative Solidifies

One of the more popular justifications for the current bull market floating around the Internet is the growing hostility between China and the USA. Several experts and industry insiders believe Chinese investors are pulling their money out of the Yuan in anticipation of further depreciation, as reported by Forbes on May 15, 2019.

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Bitcoin In-Demand, Chinese Traders Flow as Prices Steady above $5,000

Bitcoin bulls in control, up 25 percent Stable coins and OTCs allow Chinese participation Chinese traders are back. Thanks to OTCs and stable coins, traders can by-pass trade restrictions but at a premium.

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Chinese Crypto Whales Avoid Ban with Premium OTC Trading to Buy Bitcoin

According to CNLedger, a recognized source of China-related cryptocurrency news, the Chinese over-the-counter (OTC) market has revealed strong buys as of late, indicating an overall rise in demand for bitcoin.

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Is Now the Last Chance To Buy 1 Full Bitcoin? Chinese Billionaire Thinks So

Bitcoin is starting to generate a lot more hype as of late with an influx of positive news and… The post Is Now the Last Chance To Buy 1 Full Bitcoin? Chinese Billionaire Thinks So appeared first on Invest In Blockchain.

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Now Is the Time to Stock up on Bitcoin: Chinese Crypto Billionaire

Bitcoin is still struggling at $3,600, with the currency unable to break above $4,000 in the past month. However, this is the perfect time to stock up on bitcoin according to Zhao Dong.   Dong is a Chinese crypto investor who continues to be one of the largest over-the-counter traders globally.

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A Chinese Government-Controlled Bitcoin Alternative Is Reportedly in the Works

In the midst of a sino-U. S. trade war, the People’s Bank of China is working to develop its own cryptocurrency prototype. It apparently believes this centralized digital asset can ultimately trump BTC and perhaps even the U.

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Some Bitcoin For The Bride: This Chinese Man Is Taking Cryptos To The Next Level

When Bitcoin came into being about a decade ago, very few people really knew about it. Also, many of those who heard about it didn’t understand it or its potential. Ten years later, Bitcoin is now the topmost valued digital asset.

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Chinese Bitcoin Mining Centers Fear Electricity Cuts as Compliance Issues Loom

Having banned the exchanges where cryptocurrencies like Bitcoin are traded, the Chinese government is now cracking down on the plants where such currencies are mined. The Yingjiang Administration Bureau for Industry and Commerce, which enforces enterprises and consumer protection laws, issued a notification to the Bitcoin mining facilities operating in China’s Yunnan province.

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CnLedger Crypto News Report Says China Businesses Can Accept Bitcoin Payments Legally

The Chinese government is known to come down hard on anything they see as a threat to the nation. Bitcoin and other cryptocurrencies were no exception. The state had placed a blanket ban in the past in order to protect the Chinese Yuan.

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Chinese Crypto Investor Sues OKCoin for not Releasing Bitcoin Cash

A Chinese cryptocurrency trader is suing OKCoin for allegedly refusing him access to his Bitcoin Cash.

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Bitcoin Miner “Stole” 150 MW of Electricity according to Chinese Police

A Chinese man has found himself in police custody after attempting to steal electricity to fund his unprofitable Bitcoin mining operation, local media outlet Xinhua reports June 22. The suspect, known only by his surname Ma, allegedly mined Bitcoin and Ethereum on two hundred computers in the country’s Anhui province, all of which have been

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Crypto Tycoons Spar Over Alleged 30,000 Bitcoin Debt

Li Xiaolai, a noted Chinese bitcoin investor, has said he may take legal action against another Chinese entrepreneur over claims about a bitcoin fund.

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Ripple CEO Claims Bitcoin Is Under Chinese Control

Interesting reports are circulating about what Ripple’s CEO said in an interview at the Stifel Cross Sector Insight Conference. In an interview conducted by Lee Simpson, Brad Garlinghouse had a lot to say about the current situation in the global financial market, even going on to hit a few raw nerves concerning Bitcoin.

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Bitcoin Is Controlled By China, Ripple Is The Only Alternative

In what seems to be a rare moment of very outspoken grandeur, Brad Garlinghouse the CEO of Ripple has spoken out against Bitcoin, stating that the supposed ‘decentralised’ cryptocurrency is actually an asset controlled by the Chinese and that therefore, it can never be a realistic currency with any realistic means of adoption.

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Brad Garlinghouse, Ripple CEO, answered candidly during an interview about crypto’s prospects for the future. Among other criticisms, he stressed blockchain technology is mostly hype, and that bitcoin core (BTC) is controlled by Chinese miners

Among other criticisms, he stressed blockchain technology is mostly hype, and that bitcoin core (BTC) is controlled by Chinese miners and has no hope of being a world currency. And while Ripple certainly was the hot topic, Mr.

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Ripple CEO: Bitcoin Controlled by Chinese, Absurd to Think it Could be Primary World Currency

Brad Garlinghouse, Ripple CEO, answered candidly during an interview about crypto’s prospects for the future. Among other criticisms, he stressed blockchain technology is mostly hype, and that bitcoin core (BTC) is controlled by Chinese miners and has no hope of being a world currency.

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Chinese Newspaper Wants Crypto Reinstated, With Rules

There are growing calls in China to reinstate Bitcoin and cryptocurrency trading, but with the necessary regulations.

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Ripple CEO Says Bitcoin Is Chinese Money

During a conference, Ripple's CEO touched upon the enormous amount of sway that Bitcoin's Chinese mining pools have on the network.

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Chinese Cryptomining Chip Giant Bitmain Is Considering an IPO

Bitmain — the largest and most established manufacturer of cryptocurrency mining chips — is considering an IPO, or initial public offering. This could potentially open the company’s books to the world and allow the stock market to assign the company real-time value.

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