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Crypto in China

Crypto Miners Appear to Be Leaving China

Is China losing its grip on bitcoin mining? According to an executive at Grayscale, many bitcoin mining operations have shifted their attention from China to North America and have promptly moved to western territory to carry out their “currency extraction projects.”Is China Losing Its Mining Power?China has long had a very mixed relationship with cryptocurrency. This goes double for mining and currency miners, who at one time, didn’t know if they were going to have a job granted that they...

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U.S. Vows to Spend Billions to Potentially Counter China and Its National Digital Currency

With China set to release its new digital version of the yuan, the country’s national fiat currency, the U.S. has sworn to boost its technology and artificial intelligence spending to ensure it’s able to counter the nation’s attempts and keep itself in a competitive position.China Could Be Pushing the U.S.’s ButtonsThis could mean working harder to ensure a digital currency for the U.S. As it stands, things like Libra and even bitcoin (BTC) have regulators on edge and split right down the...

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Stocks Take A Hit As UK Declares Coronavirus Imminent Threat, Bitcoin Price Looking Healthy

The coronavirus which started from Wuhan, China, earlier in January, shows no signs of slowing down. With over 910 people dead already, countries across the world are taking measures. The UK has officially declared it an “imminent” threat. Asian and European stocks continue to feel the pressure as they struggle into the weekly opening. At the same time, Bitcoin’s price dipped today, though most analysts are on par with it being nothing but a healthy correction after a notable...

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China Cuts Tariffs on $75 Billion Worth of U.S. Goods, Stock Markets Rally in Response

China has announced that next week, it will cut tariffs on US goods by half. Stocks in China, as well as in other countries, have reacted positively to this statement.On Thursday, China said it will cut down tariffs on more than a few U.S. goods. Chinese authorities announced it will reduce tariffs placed on these goods worth $75 billion by 50%.China Cuts Tariffs as Trade Tensions ImproveChina had initially announced tariffs on these goods on Sept. 1. 2019. The tariffs were in retaliation to...

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Coronavirus Updates: China Decries International Travel Restrictions Even as Death Toll Nears 600

The new coronavirus strain which originated in China has spurred a few related developments. Here are some updates we’ve compiled.Coinspeaker has a few updates sparked by the undesired effects of the coronavirus as it continues its fatal spread in China. The government in China, is currently taking several measures to control the spread. Similarly, other countries are doing the same. However, the Chinese government is unhappy with the restrictions.China Decries Coronavirus Travel...

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Japan To Release Cryptocurrency Proposal Friday To Counter China’s Digital Yuan

Japan is seemingly following the footsteps of China to ensure that they are not left out in the race for government-backed cryptocurrencies. The country’s lawmakers will reportedly release drafted proposals tomorrow (Friday) for the creation of their own central bank digital currency (CBDC). Countering China’s Digital YaunJapan initially became interested in issuing a digital currency after China announced plans to leverage the blockchain technology to launch a digital yuan last year. The...

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Safe Haven? Bitcoin’s $350 Price Spike, While Chinese Stock Markets Reopen and Plunge 8%

The Coronavirus outbreak continues to take its toll on the traditional financial markets, especially in China. The Chinese stock markets had returned after a more extended Lunar New Year’s vacation. As expected, the indexes record significant drops, despite a huge $174 billion injection by the local Government.On the other hand, Bitcoin spiked to over $9,600 when the Asian markets opened, noting once again a negative correlation with the traditional markets. However, the primary...

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#804 Bitcoin Funktion, Wiener “Kultur-Token” & China Coronavirus 174 Milliarden Liquiditätsspritze.

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 804. Heute sprechen wir über folgende Themen: Neue Bitcoin (BTC)-Funktion auf Twitter begeistert Krypto-Gemeinde, Wiener “Kultur-Token” startet im Februar & China Coronavirus 174 Milliarden Liquiditätsspritze. 1.) Neue Bitcoin (BTC)-Funktion auf Twitter begeistert Krypto-Gemeinde!https://www.coinkurier.de/eilmeldung-neue-bitcoin-btc-funktion-auf-twitter-begeistert-krypto-gemeinde/ 2.) Österreich: Wiener...

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Here’s How Public News Impact on the Crypto Price Change

Bitcoin price changed time and again with bull runs or bearish moves occurring after certain news about an economic or political event, government regulations, hacks on crypto exchanges, among others. But let’s take a closer look at each of these scenarios and how the news about these events had impacted the prices of cryptocurrencies.US-Iran Conflict Spikes Bitcoin’s PriceTensions surrounding the US-Iran war influenced the prices of digital assets. Bitcoin, for instance, surged by 5% after...

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China Coronavirus Fears May Be Inspiring BTC Purchases

China is going crazy when it comes to bitcoin… bitcoin and gold.China BTC Action Is Booming for Sad ReasonsBoth assets make sense considering they are likely considered “safe havens” in that country and abroad. Both are known for retaining one’s wealth, especially in times of economic strife or some other global catastrophe.Right now, the catastrophe that China is facing is the new coronavirus that’s spreading through its provinces. Thus far, more than 200 people have died from the disease,...

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