Crypto in China

According to one source, the bitcoin sell-off is showing no signs of calming down, but this might not necessarily affect the currency in a negative way.Will Bitcoin Survive the Sell-Off?As we all remember, bitcoin has had a very mixed two months in both October and November. Things ultimately started in late September when Bakkt – the institutional crypto trading platform owned and governed by the Intercontinental Exchange (ICE) – made its official debut on September 23. Despite nearly a year...

VeChain is up 26% today. Microsoft and VeChain Thor collaborate on a retro game project. It’s been a good few months for VET. While the rest of the market continues to torment investors, one cryptocurrency is covering some significant ground. VeChain (VET) is up 26% today and showing no signs of slowing down, but what’s driving the token? Impressively, the token is back to price highs not seen since May this year. VeChain up 26% | Source: CoinmarketcapIt seems a trifecta of partnerships,...

One of the biggest datacenters in Russia, Bit River, is open for business, and is already making a name for itself within the cryptocurrency mining community.Bit River Is About to Hit the TopBitcoin mining is one of the most controversial maneuvers in the world. On the one hand, if you find yourself getting into it, there’s a lot of money to be made. At the same time, there are a lot of arguments that the effects of bitcoin mining could be hazardous to the environment.One such country that...

Canaan Creative is arguably the world’s biggest cryptocurrency mining company after Bitmain. The company has sought to ensure its initial public offering (IPO) – which it’s been touting for some time – makes serious headway in the financial space, and it can be argued that this goal was accomplished.Canaan: A Leader in IPOs?The IPO, which took place in the United States despite Canaan being situated in China, has garnered the venture more than $90 million. Approximately 10 million Americans...

China continues its crackdown on crypto exchanges. Binance and Bithumb raid rumors cause widespread FUD. Will China’s U-turn on crypto impact the market? The Peoples Bank of China (PBOC) has reiterated its position on crypto trading, vowing the immediate disposal of cryptocurrency exchanges. For weeks China’s strict attitude towards cryptocurrencies has seemingly morphed into something less stringent. Blockchain technology has been championed within the country, and a lighter touch was...

Yesterday, Bitcoin’s price went through a serious decline, losing more than $550 of its value in a matter of hours. Today, news from China came that the country’s views on cryptocurrencies remain unchanged and that they are, in fact, illegal. Almost immediately after that, Bitcoin lost another $500, marking a 6-month low.China Clarifies: Cryptocurrencies Are IllegalA few weeks ago, China’s president, Xi Jinping, urged the country to get more involved with blockchain-based technologies....

Bitcoin shows signs of a pump-and-dump scheme.A renowned analyst says BTC is dying.Despite the bearish sentiment, countries around the world want to allow investors to trade the pioneer cryptocurrency.On Oct. 25, Chinese President Xi Jinping addressed the nation about the “important role [that blockchain technology would play] in the next round of technological innovation and industrial transformation.” He declared that his administration would focus on getting China to “take the leading...

A rising number of companies in China are claiming to be related to blockchain technology. Multiple media outlets have issue warnings to put an end to the frenzy. The Chinese government vows for blockchain, not cryptos. Following Chinese President Xi Jinping’s decision to “accelerate the development of blockchain technology,” a massive number of companies in the nation claimed to have shifted their focus towards blockchain. The move was seen as a way to improve brand awareness, generate...

An inter-ministerial committee in China plans to reward individuals who report illicit ICO fundraisers. The decision could likely boost China’s crackdown on the regional cryptocurrency industry. ICOs are operating freely in China despite a sweeping 2017 ban. China is planning to provide monetary perks to eligible individuals who expose illegal cryptocurrency crowdfunding campaigns. According to sources cited by Sino Global Capital’s CEO Matthew Graham, China’s interministerial...

The former CEO of one of the most popular Bitcoin exchanges from a couple of years ago, Bobby Lee, said in an interview that he expects for Bitcoin t overtake gold in less than ten years. He also shared his thoughts on Facebook’s Libra, as well as the increased interest in the field coming from China.Bitcoin To Overtake Gold in 10 YearsIn a new interview, Bobby Lee, the former CEO of Bitcoin exchange BTCC, shared his thoughts on some of the most pressing matters within the cryptocurrency...