China banned Bitcoin for the umpteenth time, this time threatening action even on overseas exchanges, their employees and OTC platforms. And while it led to to a 5.9 percent price…
Browsing: China
US Senator says China’s crypto hostility is a chance for the US to promote economic liberty. Becoming a haven for innovative blockchain technology could make the US a global financial…
After purging Bitcoin miners, China is now seeking to stamp out trading altogether, with the central bank claiming all BTC transactions are illegal. Overseas exchanges serving Chinese traders as well…
Wu Blockchain highlights the latest updates on crypto by the PBoC. The central bank noted that crypto is not a legal tender and does not have actual value support. China’s…
China kicked off a wave that has now seen a number of countries issue CBDCs while even more explore their feasibility. This has led to a spike in demand for…
China has published its long-awaited digital yuan whitepaper, revealing some of the features the CBDC will have, such as smart contract programmability. The PBoC revealed that it has processed over…
BIT Mining ships its first batch of mining equipment to Kazakhstan as China intensifies crackdown. The equipment includes 320 bitcoin mining machines that have a total computing power of 18.2…
PBoC has ordered major financial institutions in China to halt crypto-related transactions. AgBank, the world’s third-largest bank by asset, is complying, releasing a statement that it will shut down accounts…
Sichuan province has implemented a ban on crypto mining, with power companies disconnecting the miners at the start of the day today, June 20th. With the move, it now means…
Power generation companies in Sichuan are required to immediately stop supplying power to any virtual currency mining. The crackdown has been linked to the statement of the Chinese Vice Premier…
Bitcoin has been dependent on China for years now and due to the latest crackdown by the country, the crypto’s hash rate has hit its lowest in six and a…
Search engine giants in China blocks Binance, Huobi and OKex. These exchanges have also been blocked by the biggest social media platforms in the country. Recently, it was reported that…
Bitcoin has plummeted once again just days after finding some stability above $40,000. The fall follows a vow by Chinese Vice Premier Liu He to crackdown on crypto mining and…
Bitcoin has shed close to 15 percent in the past 24 hours, dropping to below $39,000 which is its lowest in the past three months. This comes after three Chinese…
Three Chinese associations released a report on a crypto ban in the county that has triggered FUD. The organizations noted that cryptocurrency has “no real value support”. Three Chinese associations…
Inner Mongolia plans to ban Bitcoin mining by April 2021 to reduce carbon emissions. China’s carbon emission commitments could trigger an exodus of BTC mining projects. A report by Chinese…
Yuan transactions represented 90% of the global Bitcoin trade with a value over $10,000 and over a period of 4 years. Authorities’ crackdown on the crypto industry is causing China…
Ethereum is up 169.4% in 2020 and has driven the crypto market rally. Report is part of a coordinated effort amongst state media to report on cryptocurrencies. In an unexpected…
Wu Xiaoling, former deputy governor of the People’s Bank of China, has called Bitcoin a commercial success, but said it has a central flaw. Xiaoling predicts that there will be…
Governor Yi Gang, confirms that the launch date for the digital Yuan is not yet scheduled. Digital Yuan could be used in the 2022 Winter Olympics. Coronavirus (Covid-19) pandemic could…