Friday, March 29, 2024
Home > China (Page 32)

Ethereum drops more than Bitcoin as China escalates crypto ban, ETH/BTC at 3-week low

The price of Ethereum's native token Ether (ETH) crept lower Friday after China extended its crackdown on cryptocurrencies by deeming their transactions to be "illegal.""Financial institutions and non-bank payment institutions cannot offer services to activities and operations related to virtual currencies," the People's Bank of China said in a statement

Read More

Old FUD, new BTC price dip — Weeks-old China crypto ‘ban’ sparks $42K Bitcoin price drop

Bitcoin (BTC) suddenly lost $2,000 in an hour on Sept. 24 as what appeared to be old news over a Chinese regulatory ban hit social media.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin vs. China: Don't believe the "FUD"Data from Cryptox Markets Pro and TradingView tracked BTC/USD as it abruptly fell

Read More

Bitcoin Drops $2K as China Declares Cryptocurrency-Related Business Illegal — CoinDesk

China renewed its crackdown on cryptocurrency trading and mining in the second quarter amid pilot testing of digital yuan. However, according to China journalist Colin Wu, the latest central bank statement is quite detailed and mentions tether (USDT) as illegal for the first time. Tether, the largest stablecoin per market

Read More

New decentralized stablecoin in China targets international trade

As financial authorities around the globe become increasingly concerned about stablecoin regulation, a jurisdiction in China is preparing to pilot a new yuan-pegged stablecoin for international trade.Chris Banbury, head of global operations at permissionless blockchain project Conflux, told Cryptox on Sept. 21 that the firm will provide its technology to

Read More

China declares victory over crypto — Is this the end of the crackdown? – Cointelegraph Magazine

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.  Victory for the regulatorsAfter a tumultuous summer of crackdowns, the Chinese regulators are declaring their victory in eliminating illegal

Read More