Crypto in China

As we’ve all seen over the past month or two, bitcoin has completely revamped itself and is now trading for well above the $10,000 range. Many people attribute this spike to many things, but one individual believes hype surrounding Libra has a lot to do with bitcoin’s recent good fortune.Libra Could Be Behind Bitcoin’s Sudden SurgeTo be completely fair, it’s not necessarily Libra itself, but rather words regarding Libra that have led to bitcoin’s growth. Vijay Ayyar – head of business...

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...

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...

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...

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...

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...

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...

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...

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...

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...