Facebook’s Libra remains hot on the agenda despite the fact that no new announcements have come; instead, the world continues to react to the stablecoin...
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
A source close to the mining chip manufacturer involved in the deal confirmed an order for 600,000 7nm units.
- Analysis
by Henry Linver
Binance launched its own stablecoin project, but faces stiff competition from Libra and the Chinese government in its quest...
- News
Losses in China’s Sichuan province have failed to dent Bitcoin performance, in sharp contrast to 2018.
- News
The Financial Times' chief correspondent for international finance has argued that central banks can ironically be credited for boosting Bitcoin’s price.
- News
The People’s Bank of China is almost ready to launch its government-backed digital currency, official sources say.
- News
Beijing’s state-issued offering might also help keep funds flowing into bank deposits, mainstream media reports.
- News
China’s Shenzhen Special Economic Zone will now support the research and promotion of digital funds and the national cryptocurrency based on the renminbi.
- News
Ex-champion American boxer Mike Tyson refutes involvement with Fight to Fame, a blockchain project alleged to be a fraudulent scheme.
- Analysis
by Henry Linver
With a new AML report describing 2019 as the year of the exit scam, Cointelegraph looks at the biggest alleged scams to date and how to spot one...
- Follow up
by Julia Magas
As the People’s Bank of China reveals new details of its future cryptocurrency, more users are getting concerned about its partial decentralization.
- News
Amid a downturn in the cryptocurrency markets, the apparent swathe of Bitcoin sell-offs from a $3 billion Chinese Ponzi scheme could be to blame.
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