Cryptocurrency Analysis and News Portal
Over-the-counter (OTC) trading desks in China are on their way out as the country cracks down on cryptocurrency activities, a veteran of the local crypto scene predicted.“I think OTC platforms that are operated from the big exchanges will close down,” said Bobby Lee, founder and CEO of the Ballet wallet
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Uniswap (UNI) prices staged a solid rebound after crashing last week in the wake of China's decision to intensify its anti-Bitcoin and cryptocurrency rhetoric.UNI price gained 14.90% on Mon to reach an intraday high of $26.26. The pair's climb came a day after it dropped to a monthly low of
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Following the latest statements from China’s central bank concerning cryptocurrencies and offshore crypto exchanges, massive amounts of funds have been moving onchain. On September 26, at approximately 1:00 a.m. (UTC) 72,999 BTC or $3.1 billion in bitcoin was dispersed to unknown wallets. Huobi to Gradually Retire Mainland China Users, 800K Ether
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On Friday, the People’s Bank of China (PBOC) declared all virtual currency-related activities illegal, banning offshore exchanges from serving mainland Chinese users. The statement also disqualified tether, the largest stablecoin globally, as legal tender along with bitcoin and ether, marking toughest crackdown to date. Source
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Red Date Technology, the company developing China’s Blockchain Services Network (BSN), wants the project to move past its government roots as it pushes for international expansion in a tumultuous geopolitical climate.Red Date filed in late July to register a nonprofit foundation in Singapore to manage the international version of the
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Several U.S. lawmakers see China’s authoritarian crackdown on cryptocurrency, including bitcoin, as “a perfect opportunity for American leadership on cryptocurrency.” One senator noted that it is “a reminder of our huge structural advantage over China.” US Lawmakers Comment on China’s Cryptocurrency Crackdown Following the latest news of China’s crackdown on cryptocurrency, several
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China bans Bitcoin (BTC), again.No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures intended to “cut off payment channels, dispose of relevant websites and mobile
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The price of Bitcoin fell 5% today following “breaking” (read: weeks old) news that the People’s Bank of China, or PBoC, had declared all cryptocurrency transactions illegal.With that in mind, let's take a nostalgic look at the last 12 years of FUD out of China, and see if we can
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“Yet again, the Chinese government has cracked down on Bitcoin. Since 2013, it has done so at least seven times now – and twice this year already. While each time this happens, the markets react with a price drop, each time the effect is smaller and more short-lived. The ‘China
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“Yet again, the Chinese government has cracked down on bitcoin. Since 2013, it has done so at least seven times now – and twice this year already. While each time this happens, the markets react with a price drop, each time the effect is smaller and more short-lived. The ‘China
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