Cryptocurrency Analysis and News Portal
China’s Blockchain-based Service Network (BSN) — a public-private nationwide infrastructure project to spur mass adoption of blockchain technology — is setting up more portals overseas, as it moves a step closer to more international exposure. Fast facts Red Date Technology, the company China tapped to manage its BSN, announced today that it
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Chinese regulatory authorities gave yet another shock to the cryptoverse by imposing a ban on all cryptocurrency transactions on Sept. 24. This measure came just as the market was beginning to recover from the government's June prohibition on cryptocurrency mining activities.The fear, uncertainty and doubt (FUD) that resulted from the
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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. Well, it finally happened. The regulation-driven crypto-apocalypse in China. They started by clamping down on miners earlier this summer
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Last week China’s heavy-handed crackdown on crypto trading crypto briefly sent shockwaves across the market as Bitcoin and altcoin prices saw a sharp drop following the announcement, but as is the case with all things crypto-related, the market bounced back as resilient traders found other ways to participate in the
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The Chinese crackdown on mining activities has awakened a lot of decisions and actions. Many miners are already trooping to the US, the new mining hub, to continue their operations. Recently, the NDRC (National Development & Reform Commission) in China seized more than 10,000 mining rigs in Inner Mongolia. The report
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Organizers of various crypto communities on WeChat are shutting down their private groups following the latest crackdown from China’s central bank, according to screenshots obtained and authenticated by CoinDesk.Among these groups are crypto exchange giant FTX, which until recently was based in Hong Kong; proof-of-stake blockchain network Tezos; and derivative
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The crackdown prompted centralized exchange Huobi to begin to stop providing its service in China, and similarly, many Chinese DeFi projects are giving up their market in China, according to sources who agreed to speak to CoinDesk on condition of anonymity because of the sensitive nature of the subject. Original Source
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On September 28, reports stemming from social media and crypto-focused forums detailed that China has been blocking a number of cryptocurrency websites. The Twitter handle for 8btc News tweeted that the web portals coinmarketcap.com and coingecko.com have been blocked from mainland China. The ‘Great Firewall,’ as it is often called,
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Following China’s surprise move to make crypto mining and crypto trading services explicitly illegal within its borders, there is still much we don’t know about the real impacts. But, of course, that’s not stopping plenty of commentators from peddling simplified reactions. Here are three common ones – and why they,
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Major cryptocurrency exchanges are cutting ties with users in China following the latest crypto crackdown announcement by the Chinese government. Huobi has stopped letting new users in China sign up for its services while Binance has blocked account registrations using Chinese mobile phone numbers. Major Crypto Exchanges Stop Signing Up Chinese
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