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Tag Archives: China

What a Trump presidency may bring for China’s Bitcoin

Jan 21, 2017

Olusegun

Bitcoin’s growth rate will henceforth be somewhat affected by the outcome of two key events -- Donald Trump’s inauguration in the U.S. and the PBoC’s release of its report on its investigation into the three key exchanges in China. Starting from late last year, there have been predi...

Can Bitcoin transactions in Japan reach China’s level?

Jan 19, 2017

Olusegun

According to Kawabata Kagayaki, the Business Development Lead of Coincheck, Japan’s leading Bitcoin and cryptocurrency exchange, it is possible at some point for Japan's Bitcoin transaction volume to reach the same level as it is being recorded in China presently. In an email,  ...

Russia follows China as Bitcoin effect soars in other countries

Jan 16, 2017

Olusegun

As the understanding that China has not been working to discourage innovation around Bitcoin sinks deeper, a top official of the Bank of Russia has come out to say that they will not take measures to prohibit Bitcoin use in their country. While making the decision known, the Bank’s deputy...

China central bank to release digital currency prototype in 2017

Jan 6, 2017

Red Li

Back in August 2016, Fan Yifei, Vice President fo People’s Bank of China, has written an article elaborating the theoretical basis and framework selection of China’s fiat digital currency. He says that the legal framework of China's legal digital currency tends to follow "central bank ...

Bitcoin market cap tops $18 billion

Jan 5, 2017

Olusegun

In the wake of its eighth-year anniversary, Bitcoin’s global market capitalization has crossed the $18 billion range having grown at a 24-hour rate of over 6% which saw it add over $1 billion in a day, according CoinMarketCap. Bitcoin marked its anniversary on Tuesday January 3 when the ...

Why Bitcoin price may not crash like 2013

Jan 4, 2017

Olusegun

Several factors including China’s economic situation have made the Bitcoin surge different from what was the case in 2013 when the price first rose above the $1000 tag but later reversed. As a result, the rising price of Bitcoin today is not likely to suffer a similar fate. Going by its recor...

Will China’s $50,000 Quota Matter For Bitcoin After Jan.1?

Jan 3, 2017

Olusegun

As the first day of January 2017 approaches, concerns that the yuan will likely depreciate further in the coming year because of the Chinese government’s enforced capital control may force more users seeking to move money out of the country to Bitcoin. January 1 is when the yearly $50,000 ...

China-Africa link getting closer with Bitcoin

Dec 27, 2016

Olusegun

A Kenyan startup's new product that allows companies in Africa to send payments to China using Bitcoin is the latest in the line of digital currency-related initiatives that connect countries from both ends. Bitpesa's China scheme was launched this month to allow users in Kenya, Uganda,...