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3232China’s Crypto Crackdown: Fundamentals Still Show Bull Market Continuation, Bobby Lee Says ‘Don’t Panic’
https://www.digit.info/chinas-crypto-crackdown-fundamentals-still-show-bull-market-continuation-bobby-lee-says-dont-panic/
Fri, 24 Sep 2021 14:19:39 +0000https://www.digit.info/2021/09/24/chinas-crypto-crackdown-fundamentals-still-show-bull-market-continuation-bobby-lee-says-dont-panic/Read more]]>The People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC also reiterated comments it had made in the past stressing that “financial institutions and non-bank payment institutions” cannot process crypto payments. […]
]]>Bitcoin Drops Below $40K, Crypto Economy Down 17%, Markets Lost $250 Billion Last Week
https://www.digit.info/bitcoin-drops-below-40k-crypto-economy-down-17-markets-lost-250-billion-last-week/
Wed, 19 May 2021 12:46:05 +0000https://www.digit.info/2021/05/19/bitcoin-drops-below-40k-crypto-economy-down-17-markets-lost-250-billion-last-week/Read more]]>On Wednesday, cryptocurrency markets continue to drop lower in value, as the entire crypto-economy has plunged 17% below the $2 trillion mark and now rests at $1.801 trillion. Bitcoin, the leading cryptocurrency in terms of market capitalization, touched a high of $40,770 per unit at 4:48 a.m. (ET). A few hours after hitting that price […]
The People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC also reiterated comments it had made in the past stressing that “financial institutions and non-bank payment institutions” cannot process crypto payments. […]
On Wednesday, cryptocurrency markets continue to drop lower in value, as the entire crypto-economy has plunged 17% below the $2 trillion mark and now rests at $1.801 trillion. Bitcoin, the leading cryptocurrency in terms of market capitalization, touched a high of $40,770 per unit at 4:48 a.m. (ET). A few hours after hitting that price […]