The latest story (again) on mainstream media meant to scare away uninformed people from using bitcoin is about the possibility of China taking over the cryptocurrency. This particular FUD (fear, uncertainty and doubt) meme was also publicized widely in 2015 and 2016. Also Read: The Psychology of the Cryptocurrency FOMO-FUD Cycle Has Been Weaponized Scare […]
The post Classic Mainstream Media Clickbait Scare Resurfaces: ”Chinese Government Can Take Over Bitcoin” appeared first on Bitcoin News.
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The news channel of China Central Television, CCTV13, reported this weekend that the Zhongyuan Oil Field Public Security Bureau of Henan Province (Henan Police) has been investigating a report filed by a bitcoin investor alleging that funds were stolen from his bitcoin wallet. Also Read: Securities Lawyers Say Barry Silbert Tweets Are Red Flags for Regulators 188 […]
Chinese cloud-based solutions service, Seven Stars Cloud Group, Inc. (SSC), announced this week its 27 percent purchase stake of US crypto blockchain exchange Delaware Board of Trade Holdings Inc. (DBOT). SSC is owned and run by entertainment mogul Bruno Wu, who many analysts believe is trying to get in on the near-half a trillion cryptocurrency […]
Bitcoin and the digital asset economy has seen a meteoric rise in value over the course of 2017. Various countries have caught the cryptocurrency fever, but the lion’s share of digital asset demand has stemmed from regions located in Asia. It’s clear from various data recorded all year long that countries like Japan, South Korea, […]
Most people are well aware of how China isn’t exactly known for freedom of speech. Especially in the online world, accessing the information you need there is a big challenge. Until recently, it was possible to bypass most limitations through a VPN connection. However, the government has begun arresting and sentencing VPN service providers. One Chinese entrepreneur received a jail sentence of five and a half years for providing such a service. Chinese VPN Provider Faces Massive Jail Sentence With the Chinese government cracking down on VPN providers, it is only a matter of time until more people get arrested and
French Finance Minister Bruno Le Maire announced on Sunday December 17th that the next Group of 20 (G20) meeting would include discussion about how to regulate the world’s most popular cryptocurrency, bitcoin. The digital asset hasn’t ceased in making news all year, and European politicians appear more concerned in direct proportion to its price increase, […]
Back in August, Viabtc founder Yang Haipo was one of the first public figures to declare ”Bitcoin Cash is Bitcoin”. His exchange Viabtc was one of the first to list bitcoin cash (BCH), which was heavily criticized by Chinese industrial players for being “controlled” by Bitmain. Now Haipo is planning his new business Coinex, a […]
The Satoshi Revolution: A Revolution of Rising Expectations. Section 1 : The Trusted Third Party Problem Chapter 3: Trying to Undo Satoshi by Wendy McElroy Do You Want a Government Fiat Crypto? (Chapter 3, Part 4) It is the ability of governments to acquire money without direct taxation that makes modern warfare possible, and a […]
Twenty-four hours ago the decentralized cryptocurrency bitcoin and its US$300Bn market capitalization just surpassed the International Monetary Fund’s (IMF) Special Drawing Rights market (SDR $291Bn). Also read: Cayman Investment Forum Focuses on Rise of Bitcoin and Failing Dollar Bitcoin’s Market Valuation Outpaces the IMF’s Special Drawing Rights Reserves Bitcoin’s value has grown immensely in 2017 outperforming […]