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Tag Archives: crypto

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...

The Main Reason Behind China’s Crypto Ban

Oct 26, 2021

China banned the use of Bitcoin and other cryptocurrencies within its financial system and geographical space. Not only did it ban the use of cryptocurrencies, but it also moved to put a stop to all activities related to the new technology, including cryptocurrency mining and trading. While t...

Huobi Leaves China Without Any Intention to Return

Oct 7, 2021

China’s largest cryptocurrency exchange, Huobi, has finally given up on finding ways of retaining operations in the country. This decision was made known by the company’s co-founder, Du Jun who clarified that after several attempts, Huobi has given up on negotiations with regulators on the s...

Coingecko and Coinmarketcap Blocked in China’s Cyberspace

Sep 28, 2021

The two leading cryptocurrency aggregator and market data websites, Coingecko and Coinmarketcap have been made inaccessible for users in mainland China. This is a result of the ongoing crackdown on cryptocurrency activities in the country.  According to reports, tests carried out using Gr...

Evergrande Crypto Crisis in China Hurts Crypto Market

Sep 23, 2021

Bitcoin price fell below $40K for the first time since August along with other cryptocurrencies. This drop appears to be contagion from the falling equity market, amidst fears that Chinese real estate giant Evergrande could slide into bankruptcy.  Evergrande, at the time of writing, remai...

China Targets Crypto-related Money Laundering Next

Sep 14, 2021

One of the biggest news in the cryptocurrency industry in 2021 was the clampdown by China on the novel technology and the innovations surrounding it. While the Asian giant continuously reiterated its support for blockchain technology, the other half of the innovation, cryptocurrency, was highly ...

China, US Dip As Global Crypto Adoption Grow By 2300%

Aug 19, 2021

Olusegun Ogundeji

Despite reporting global cryptocurrency adoption skyrocketing, China and the U.S. dropped in their global adoption index ranks, latest data from blockchain data platform, Chainalysis shows.   Crypto adoption grows 800% in one year The firm's data shows that residents of mor...

Despite All, China Remains an Important Market for Crypto 

Jun 24, 2021

Olusegun Ogundeji

Following China’s crypto mining crackdown of the past few weeks, Bitcoin on-chain activity has fallen dramatically this week to return to levels not seen in a year, latest analysis from GlassNode shows. The analytics firm adds that the fall is making a simultaneous seismic shift possible in ...