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Tag Archives: China

India’s Rising Crypto P2P Volume Threatens to Surpass China

Nov 27, 2020

Olusegun Ogundeji

India is on the verge of surpassing China as the leader in the Asian peer-to-peer (P2P) cryptocurrency trading volume, according to the latest finding from Arcane Research. Generally, frontier markets have seen strong growth in the cryptocurrency P2P space as evidenced in both lower com...

Is China Trying to Put Its Cryptocurrency Industry out of Business?

Nov 24, 2020

Forkast.News

After crackdowns on crypto exchanges, China is now freezing bank accounts. Why is the world's largest bitcoin producer tightening the vise over its miners? Crypto miners in China have a big problem on their hands: they can’t pay their electricity bills. Even though their mining farms might...

China Crypto Roundup (Nov 16- Nov 23): OKEx to Resume Withdrawal, Crypto Miners in China Get Their Cards Frozen by the Chinese Government, Huobi to Take over Top South Korea Crypto Exchange Bithumb

Nov 23, 2020

Vincent He

The top stories from the Chinese cryptocurrency sphere this past week include: OKEx to resume withdrawals after the temporary suspension, Several Chinese miners bank accounts frozen allegedly for fraud and money laundering, Huobi prime bidder to purchase top South Korean Bitcoin exchange ...

A Slew of Bitcoins Flee Huobi to Binance

Nov 18, 2020

Vincent He

Data from CyptoQFuant and Glassnode shows great quantities of Bitcoin from Huobi is flowing into the Binance. The bitcoin outflow of Huobi and the inflow of Binance have both hit records since this year. Bitcoin also showed the same trend of fleeing from Binance to Huobi when Binance ...

Why China Is Leading The Race In The CBDC Market

Nov 18, 2020

The idea of Central Bank Digital Currencies (CBDCs) has split the blockchain and digital assets industry into two distinct sections. While one group believes that this idea might encourage adoption of the novel technology into the mainstream, the other suspects that it is simply a method o...

China’s OKEx Crackdown is A Warning Shot to Other Crypto Exchanges

Nov 17, 2020

Forkast.News

Cryptocurrency exchanges flying flags of convenience is sure to annoy China’s regulators and may no longer be a viable business strategy. It has been almost a month since OKEx, one of the biggest cryptocurrency exchanges in the world, suspended its token withdrawal services to its customer...