Learn How Trade Crypto
Chinese citizens are still investing in Bitcoin and the cryptocurrency market despite the government’s heavy crackdown. In September 2017, Chinese cryptocurrency exchanges BTCC China, Huobi and OKCoin were ordered by the government to shut down their businesses. At one point, executives of the three cryptocurrency exchanges were prevented from leaving the country, due to a […]
The Business Administration Department of the People’s Bank of China (PBoC) has reportedly issued a document today requiring payment providers in Beijing to stop facilitating cryptocurrency trading activities. The news, first reported by Securities Times, a state-owned media outlet launched by the Communism Party mouthpiece the People’s Daily, said the document requires payment companies to start […]
Bitcoin looks like it might soon test near-$8,000 levels, as December’s record-breaking rally continues to unravel. With major losses over the last few days seemingly brought about by negative regulatory news from China and South Korea, bitcoin (BTC) is trading at $10,280 levels at time of writing, according to Coindesk’s Bitcoin Price Index. A slight recovery from the 1.5-month […]
A senior official for the government of Hong Kong has said blockchain could bolster China’s ongoing efforts to significantly expand its trade capabilities. According to Chinese news service Caixin, James Lau, Hong Kong’s Secretary for Financial Services and the Treasury, touted the technology during a forum appearance on Friday. Lau said that blockchain would bring “great benefits” […]
CNLedger, a trusted news source within the Chinese cryptocurrency industry, has revealed that OKEX will soon launch peer-to-peer (P2P) over-the-counter (OTC) bitcoin-to-fiat trading platform. “More OkEx (and likely, Huobi-Pro) will soon launch P2P bitcoin tradings with various fiat currency support,” CNLedger reported. “We believe they’ll support CNY and some others like USD, JPY. They are registered outside China, […]
The head of a Chinese investment bank says he believes bitcoin’s underlying technology is more important than the cryptocurrency itself. Fan Bao, the CEO of China Renaissance, said in an interview with CNBC that while bitcoin’s market may be a bullish one, he believes that underlying blockchain tech is more attractive and “probably the most disruptive technology…in […]
A new report from the U.S. Drug Enforcement Administration (DEA) claims that bitcoin is being used to facilitate trade-based money laundering (TBML) schemes. Published by the Department of Justice, the report offers a broad overview of the U.S. government’s efforts to police the illicit drug trade. Included in the study, however, is a segment on cryptocurrencies, which […]
The bitcoin rally is proving hard to stop. The cryptocurrency has breached $4,000, soaring more than 20 percent from the lows reached Friday, as concern eases that a crackdown by Chinese regulators will hinder the growth of the alternative method of exchange. After reaching a record high of $4,921 on Sept. 1, the digital currency fell […]
Regardless of its recent crackdown on bitcoin exchanges and initial coin offerings (ICOs), China’s government still appears committed to the potential of blockchain in other areas. According to a report by Caixin, the country’s Ministry of Industry and Information Technology has launched a research facility called the Trusted Blockchain Open Lab in order to support […]
Marc Hochstein is the managing editor for CoinDesk and a former editor-in-chief of American Banker. In this opinion piece, Hochstein takes a quick look at the current state of the bitcoin markets, finding that just because there’s smoke, there’s not necessarily fire. Tl;dr: this ain’t Mt. Gox – and bitcoin survived that, too. With all […]