Crypto price premiums are a thing! Which countries suffer the most and how big is the difference in price for a Bitcoin?
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.
- Analysis
- News
"Hurun China Rich List 2019” published by Hurun Report, a research, media and investments firm, features 12 local crypto magnates.
- News
by Joeri Cant
One of China’s big four banks has released the second version of its blockchain trading platform following transactions exceeding $50 billion.
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by Helen Partz
Alipay, a digital payment arm of Chinese e-commerce giant Alibaba, declares that it will be banning any transactions related to Bitcoin or other cryptocurrencie...
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Major cryptocurrency exchange Binance has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat.
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Major cryptocurrency exchange Binance launches peer-to-peer trading for Bitcoin, Ether and Tether against the Chinese yuan.
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Andreessen Horowitz partner Katie Haun says blocking Libra will create national security implications for the U.S.
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The U.S. government reacted to Facebook’s Libra “like they almost want to be left behind,” says Coinbase CEO Brian Armstrong.
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China Merchants Bank International is partnering with Nervos Network to jointly develop new decentralized finance applications.
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by Joeri Cant
An employee at a nuclear research center was fined $7000 for illegally mining Bitcoin on a supercomputer.
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by Helen Partz
China Securities Index's Fintech Theme Index has soared over 50% in 2019, outperforming the broader market in anticipation of central bank coin.
- Analysis
Binance’s decision to re-enter the Chinese crypto market seems to make a lot of sense to many experts operating within this space.
- News
The head of the People’s Bank of China has contradicted previous comments about the readiness of Beijing’s new token.
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by Joeri Cant
An IT company in Armenia has been accused of setting up a crypto mining operation in a hydroelectric plant and using its electricity illegally for over a year.
- News
by Helen Partz
Binance CMO announced plans to launch fiat-to-crypto over-the-counter desk for Chinese market, part of the exchange’s continuing expansion in China.
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