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Tag Archives: China

Bitcoin Miner Manufacturers in China See Huge Surge in Demand

Feb 25, 2021

The massive price rally the entire crypto market has seen since the beginning of the year has affected much more than just profits. According to reports from the Global Times, manufacturers of Bitcoin mining hardware have benefited hugely from increased prices. As Bitcoin’s price passed its ...

China Cracks Down on ICOs With New Decree Against Illegal Fundraising

Feb 12, 2021

It’s been no secret that the Chinese government has slowly been cracking down on the development of the crypto industry in the country. And while the first several efforts to stifle the growth of cryptocurrencies, namely the banning of crypto trading, were said to be done to protect private inve...

China Cracks Down on USDT-Related Crime

Feb 7, 2021

While cryptocurrency trading has long been banned in China, over-the-counter (OTC) trading desks and exchanges have been a popular way for Chinese citizens to acquire cryptocurrencies. Without any KYC requirements, OTC exchanges provide people with a quick and easy way to acquire variou...

How Would The ‘Chinese New Year’ Affect The Price of Bitcoin?

Feb 1, 2021

The characteristic swings usually displayed by Bitcoin price is what has earned it the reputation of a very volatile asset. While a lot of people assume that high volatility of Bitcoin price makes it risky for investment, others see the price swings as opportunities to make money. Several fa...

Crypto User Index Shows Low DeFi Interest in China 

Jan 29, 2021

Olusegun Ogundeji

While decentralized finance (DeFi) is most popular in Southeast Asia where more than 50% of users use their decentralized applications (dApps), crypto users from China are least likely to use DeFi applications, findings from Binance’s 2021 Global Crypto User Index suggest. 54% of t...