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Category Archives: Bitcoin

Chinese Citizens Use Cryptocurrency to Move Funds to Japan

Nov 25, 2021

While the Chinese government continues to battle against cryptocurrencies, discoveries are being made of how citizens of the country use the technology to achieve their personal goals. One of such uses is in capital flight, which has seen Chinese investors use cryptocurrencies to send money abro...

Chinese Government Seize BTC ETH USDT in Crypto Crackdown

Nov 23, 2021

The government of China has continued with the enforcement of the ban on cryptocurrencies. The enforcement has been diligent, leaving no stones unturned. Any venture that is crypto-related discovered by the government to operate within the borders of China immediately faces the wrath of the law...

Miners Clampdown in China Good for Bitcoin in the Long Run

Jun 25, 2021

Recent Bitcoin predicaments have been compounded by the series of bans being carried out in China. Significant among these bans is the abolishment of mining activities within the country. The order to shut down Bitcoin mines has had a direct effect on the Bitcoin and cryptocurrency market, le...

China May Be Key Crypto-Buying Market Again

Apr 21, 2021

Olusegun Ogundeji

Following a recent statement by the deputy governor of the Peoples’ Bank of China (PBoC), Li Bo, that they will henceforth see cryptocurrencies as investment alternatives, China seems to now have a change of tone towards cryptocurrencies which could boost locals' crypto participation agai...