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Tag Archives: Bitcoin

Chinese State Media Warns Against Leverage Trading Bitcoin

Jan 6, 2021

The massive effort to promote blockchain technology in China is only dwarfed by the state-wide effort to suppress the use of cryptocurrencies. Trading Bitcoin and other digital assets have long been banned in mainland China, with both state and local governments frequently dismissing the use an...

China Crypto Roundup (Dec.29-Jan.4): Automaker Withdraws Statement about Purchasing Cars with Bitcoin, Ebang to Launch Crypto Exchange, China’s DCEP Lands in Beijing

Jan 4, 2021

lylian Teng

Just two weeks after passing $20,000, bitcoin hit the $30,000 milestone on the second day of 2021. Witnessing the great bull, traditional companies are eyeing bitcoin, but it turned out to be unrealistic in China under the current regulatory pressure. Automaker to accept bitcoin? On Dec....

2020 China Crypto Regulation in Review

Dec 31, 2020

lylian Teng

The last 12 months have seen tremendous changes take place in the cryptocurrency sphere. And in this year, China seems to show some tolerance to the crypto industry with compliant bitcoin mining operations being supported by some local governments in the country. This year, the Chinese gover...

Bitcoin Miners Are Moving From China To Nordic Countries

Dec 30, 2020

Bitcoin mining is gradually shifting base. From being concentrated in China, miners have started a gradual but steady migration to countries that present more friendly conditions for their industry. The two major factors that have determined the situation of Bitcoin mining farms over the yea...

Crypto Market Crashes after SEC files lawsuit against Ripple

Dec 24, 2020

Vincent He

The crypto market crashes after Ripple was investigated by the Securities and Exchange Commission (SEC) and has continued to the present. Though the price of bitcoin has hardly fallen, but the price of Sushi has suffered a sharp fall in five minutes, XRP has dumped by 40% since yesterda...