Top Exchanges To Go On With Total Exit Plans From China On December 31st

Dec 27, 2021

Top cryptocurrency exchanges have reiterated their exit plans from China by the end of 2021. For most of them, December 31st, 2021 will mark the end of services for customers from China. This move became necessary after the rigorous approach taken by the Chinese authorities towards ensuring a...

China Cautions Citizens Over Blockchain-based Play-to-Earn Games

Dec 21, 2021

Chinese citizens have been warned to be wary of blockchain-based play-to-earn games, in what many assume to be a part of the onslaught on anything cryptocurrency within the borders of the country. This warning was communicated via the state-owned television channel, China Central Television (C...

China’s Biggest Crypto Exchange Moves Regional Headquarters to Singapore

Dec 2, 2021

China’s biggest cryptocurrency exchange, Huobi Global has chosen Singapore as the base for the regional headquarters of its cryptocurrency exchange. This comes across as one of the major fallouts of the continuing clampdown of Bitcoin and other cryptocurrency activities in China. Until its ...

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

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...