Tag Archives: weibo

China is moving forward with its anti-crypto attitude. It has now shut down the social media accounts of several bitcoin and cryptocurrency influencers as a means of stopping people from learning about and investing in digital currencies. China Makes Another Anti-Bitcoin Maneuver China has long had an up-and-down relationship with bitcoin. While the country has always been a hotspot for bitcoin and digital currency activity, government officials and regulators have never...

As Bitcoin is ranked among the top hot topics by Weibo in China, analysts think the popularity will catalyze its market price to $40, 0000. However, BTC dominance is down in the $300B crypto market.Bitcoin popularity has spiked in the last few days especially in mainland China, where a popular social media platform, Weibo, ranked it among the top most searched topics in China. The popularity spike is attributed to social disruption caused by the coronavirus outbreak that has ravaged the...

It seems China was really serious when talking about its digital currency. Even though China was trying to forbid cryptocurrency mining and trading, for the last three months it is in the process of creating its own.Head of the People’s Bank of China’s (PBoC) Digital Currency Research Institute, Mu Changchun, stated that the country’s digital yuan is finally ready for trials. The central bank digital currency (CBDC) will, as per the announcement, not come as a volatile asset like Bitcoin or...

Recent reports currently suggest that one of the world’s largest cryptocurrency exchanges, Binance, has had its Shanghai office shutdown causing its many staff members to either work remotely or even completely abandon China and move to Singapore. According to sources familiar with the matter as cited by The Block, there is currently no fully functioning Binance Shanghai anymore.The cited sources have also added that the office was recently raided by police in the area, for unknown reasons....