China – Page 61 – Ƀitsell X

Chinese State-Run Media Warns About Bitcoin’s Price Falling to Zero as Regulators Issue Fresh Crypto Warning

June 25, 2022

A Chinese state-run newspaper has published an article warning about bitcoin’s price falling to zero amid the crypto market sell-off. Meanwhile, financial regulators in Shenzhen have issued a new warning about cryptocurrency. State-Run Newspaper Warns About Bitcoin Becoming Worthless China’s state-run newspaper Economic Daily published an article warning about bitcoin Wednesday, according to SCMP. The…
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Evolution of Enterprise Blockchain into Real-World Utility and Use Cases

June 24, 2022

Johannes Schweifer is the CEO and co-founder of blockchain infrastructure company CoreLedger. __________ While the market sentiment may be bearish, these times become an opportunity for builders and innovators to focus on how to drive meaningful progress with blockchain technology…. Read More: Evolution of Enterprise Blockchain into Real-World Utility and Use Cases Read more…
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Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services

June 22, 2022

Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to Impose Restrictions on NFT Trading Wechat, the instant messaging, social media, and mobile payment app developed…
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Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump

June 22, 2022

Digital yuan usage has grown x18 in the past 12 months in China – as the central bank-issued token continues to find new users. According to the central People’s Bank of China, transaction volumes reached the USD 13 billion mark at the end of last year, with a total of 261 million personal wallets…
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Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’

June 21, 2022

Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since 2015. While many have dismissed the ruble’s exchange rate, Charles Lichfield,…
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Chinese court invalidates 2019 car sale made using now worthless crypto token

June 21, 2022

It appears that not only was the sales contract invalidated, but the buyer paid for the car with a questionable digital token in the first place. Last week, a WeChat post published by the Shanghai Fengxian Court began circulating in crypto circles with regards to its recent ruling on a car sale in May 2019…
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NFT platforms in China grow 5X in four months despite government warnings

June 17, 2022

NFTs are still a gray area in China where unlike cryptocurrencies, there’s no official ban on its use, but the authorities have warned investors against the risks from time to time. The popularity of nonfungible tokens is on the rise as recent data shows that the number of digital collectible platforms in China has grown…
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Resistance is futile! 3 reasons why Bitcoin mining will never go away

June 17, 2022

Numerous governments have tried to ban Bitcoin mining, but data and insights from those in the mining industry suggest that this is easier said than done. In the summer of 2021, the Chinese government banned Bitcoin (BTC) mining and cited the typical concerns of harmful environmental effects and money laundering. Now, the Chinese government is…
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FTX Overtook Coinbase & OKX in May, Speeding Up EU Crypto Regulation + More News

June 15, 2022

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: FTX Overtook Coinbase & OKX in May, Speeding Up EU Crypto Regulation + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card

The total crypto market cap drops under $1.2T, but data show traders are less inclined to sell

June 11, 2022

An improving Tether discount in Asian markets and positive futures premiums for BTC and ETH suggest a slight recovery is in the making. The total crypto market capitalization has been trading in a descending channel for the past 29 days and currently displays support at the $1.17 trillion level. In the past 7 days, Bitcoin…
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Tag: China