China ban – DIGIT INFO

New Bitcoin hash rate highs remove any trace of China mining ban

DIGIT — Thu, 28 Oct 2021 08:13:53 +0000

China’s exit from Bitcoin mining is now all but unnoticeable as network fundamentals take care of their own recovery.

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Ethereum drops more than Bitcoin as China escalates crypto ban, ETH/BTC at 3-week low

DIGIT — Fri, 24 Sep 2021 13:20:10 +0000

The second-largest cryptocurrency falls 13.30% versus Bitcoin’s 9.38% decline as China’s move scares investors away.

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China’s Qinghai Province Instructs Bitcoin Mining Operations to Shut Down

DIGIT — Thu, 10 Jun 2021 05:30:20 +0000

Following the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate. Similarly, the Qinghai Industry and Information Technology Department’s document explains bitcoin mining operations cannot operate in the area. Qinghai Province […]

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Executives from China’s Largest Bitcoin Mining Firms Speak About Regulatory Crackdown

DIGIT — Thu, 27 May 2021 13:30:19 +0000

During the course of the week, the cryptocurrency community has been focused on China and the country’s Financial Stability Board detailing that it aims to crack down on the bitcoin mining sector. Following the statements from Chinese officials and a few crypto businesses abandoning services in the region, executives from some of China’s largest bitcoin […]

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BTC Supporters Call Price Drop a Mid-Bull Run Break, 2021 Bitcoin Chart Pattern Similar to 2013 Bull Run

DIGIT — Sun, 23 May 2021 22:00:59 +0000

After the price of bitcoin touched a high of $64,895 per unit, speculators and skeptics think it might have been the top of the bull run and a 2018-like bear run is next. On Sunday, May 23, bitcoin prices have dropped to a low of $31,107 and bears have managed to take the reigns for […]

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China Calls Bitcoin and Stablecoins ‘Investment Alternatives’ for the First Time Since Crypto Crackdown

DIGIT — Mon, 19 Apr 2021 22:56:02 +0000

After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC). Central Bank Clarifies Its Regulatory Framework on Cryptos […]

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South Korean Crypto Exchange Becomes the First Overseas Platform Legally Recognized in China

DIGIT — Wed, 10 Feb 2021 01:00:13 +0000

A South Korean cryptocurrency exchange announced it established its first legally recognized branch in China. Although the nation banned all local crypto trading services, DBX said the firm already obtained a license to go ahead with the operations. Final Certificate of Incorporation Granted on February 5 According to Money Today, DBX received the operating license […]

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Chinese State Media Surprises With Forecast of Bitcoin Outshining Gold

DIGIT — Tue, 15 Dec 2020 14:50:49 +0000

Chinese state-operated media outlets keep adding cryptocurrencies — specifically bitcoin — on their reporting agenda. Lately, they have been replicating bitcoin predictions that are surprising in some way to the crypto community due to the number of mentions on the matter since several months. China’s CCTV: Bitcoin’s Bull Market Could Outshine Gold This time, CCTV, […]

The post Chinese State Media Surprises With Forecast of Bitcoin Outshining Gold appeared first on Bitcoin News.

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China to Block Access to International Cryptocurrency Exchanges

DIGIT — Mon, 05 Feb 2018 17:13:32 +0000

We know you heard this one before, but China wants to ban bitcoin…again. Only this time the government plans to use one of its most far reaching tools, the Great Firewall of China, to completely prevent anyone in the country from reaching foreign exchange sites. Unless they have the technical capability to bypass it, of […]

The post China to Block Access to International Cryptocurrency Exchanges appeared first on Bitcoin News.

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