Any short-term gains to Bitcoin indirectly helped by the virus will reverse in time, a prominent trader warns, as the cryptocurrency hovers at $9,000.
China News
China is considered to be one of the most important players in the cryptocurrency market. The decisions of the Chinese government affect the entire industry, but cryptocurrencies and Bitcoin are in a precarious position in terms of regulations. Chinese cryptocurrency laws are pretty strict. Financial institutions are banned from using Bitcoin for trading and ICOs are also illegal to conduct in China. Chinese Bitcoin exchanges were suggested to stop operations within the domestic market, until licenses would be established for them. In January 2018, the People’s Bank of China, its top financial authority, suggested that Bitcoin mining should be gradually suspended on miners through the influence of local authorities. Chinese media presents cryptocurrencies as a tool for criminals and a money-laundering device, creating a negative informational background that may have indications on the future of the Chinese Bitcoin ban.
- Markets News
- News
by Helen Partz
Deutsche Bank’s research arm issued a report predicting that cash will be around for a long time despite the surge of digital currencies.
- News
by Helen Partz
China’s Bitcoin trading volumes have continued to drop, hitting a two-year low on peer-to-peer exchange LocalBitcoins.
- News
Chinese entrepreneurs registered 714 blockchain firms in China this month, resulting in a total of 26,089 such companies operating in the country.
- Analysis
There is more talk about stablecoins in the crypto universe and big-time financial institutions, govs and startups are launching their own digital assets. Could...
- News
Cryptocurrency exchange Binance pledged to donate 10 million Chinese yuan ($1.44 million) for coronavirus victims in Wuhan, China.
- Markets News
A double whammy of uncertainty in stocks and a New Year sell-off could be at the heart of BTC/USD erasing gains last week, analysts say.
- News
Chinese experts held a seminar titled "Blockchain technology helps China's new social credit system" on Jan. 14.
- News
by Helen Partz
Over the course of 2019, China spent $3.6 billion on blockchain investment deals, which is nearly 41% less than in 2018.
- News
by Helen Partz
Vietnam-based Binance users can now directly purchase and sell four cryptos using the latest versions of Binance P2P mobile app on iOS and Android.
- Expert Take
by Selva Ozelli
China leads the blockchain-based mobile digital payment revolution.
- Analysis
Let’s take a look at some of the key factors that helped spur the growth of the crypto market in 2019.
- Local News
Binance looks to expand in the country, a new working group assesses security token offerings, and more headlined news in Japan this past week.
- Analysis
Are cryptocurrency mining operations moving from Iran to Central Asia in pursuit of stable cheap energy grids?
- News
by Helen Partz
J. Christopher Giancarlo, ex-CFTC chairman aka “Crypto Dad” has started a think tank to promote the blockchain-based U.S. dollar.
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