Bitcoin Not Banned in China, Officially Recognized as 'Property'

Chinese scholars claim Bitcoin is surprisingly not banned in China

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This People's Bank of China Announcement Might Push Bitcoin (BTC) Up, Here's How

Strategic move by People's Bank of China could be catalyst needed for Bitcoin's ascent

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Bitcoin’s Historical Resilience In The Face Of China’s Repeated Regulatory Measures

China has banned Bitcoin multiple times, but Bitcoin has always managed to bounce back. The first ban was in 2013, when the People’s Bank of China (PBOC) issued a notice prohibiting financial institutions from using or trading Bitcoin.

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China facing deflation may be bad news for Bitcoin

Cointelegraph analyst and writer Marcel Pechman breaks down the Federal Reserve balance sheet and explains why China’s deflation can negatively impact Bitcoin.

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First Mover Asia: NFTs Have a ‘Digital First Sale’ Problem

ALSO: Short interest is rising on China tokens while bitcoin treads water just above $23,000.

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Bitcoin will ‘teleport’ to $14K or worse if BTC breaks $16K — Analyst

Bitcoin faces pressure from China, a stock market trend in addition to the FTX fallout.

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Governor Of Hungary’s Central Bank Has Just Proposed EU-Wide Ban On Bitcoin

Several nations have already outlawed cryptocurrencies like bitcoin, with China being the most high-profile example. The People’s Republic of China infamously declared all virtual currency-related activities illegal last year.

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China’s Bitcoin Ban Is The Unnoticed Geopolitical Event Of The Decade

It may be under appreciated just how badly the autocratic government of China blundered with bitcoin.

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Bitcoin Miners Now Officially Prefer U.S. to China: CNBC

The U.S. has become a top destination for Bitcoin miners, outshining China for the first time, according to recent official data

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Three Significant Milestones To Expect From Bitcoin This October

September was a long month for Bitcoin. The bearish events were piling in their numbers and Bitcoin bulls could hardly catch a break. From China’s real estate giant Evergrande’s debt triggering a massive sell-off to China’s regulatory crackdown on crypto transactions.

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Bitcoin's Hashrate Comes Close to Recording New All-Time High Despite China's Ban

It took Bitcoin's hashrate less than three months to rebound from China's ban

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Alibaba To Stop Selling Bitcoin Mining Machines In China

The ecommerce giant said it would delist bitcoin mining equipment from its platforms after the renewed China ban of Bitcoin.

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All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone

Bitcoin derivatives markets flipped neutral-to-bearish after China’s ‘crypto ban’ announcement triggered a BTC price dip to $40,600.

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Bitcoin Reacted With Minor Drop To Complete Cryptocurrency Ban in China

The People's Bank of China declared all cryptocurrency-related transactions illegal. The crypto market reacted with a fall. However, it was insignificant as the price of bitcoin fell by only 5%.

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The People’s Bank of China Bans Bitcoin, Again

The People’s Bank of China reposted a memo from September 15th that addresses the country's Bitcoin ban to their website, causing widespread Bitcoin selling and a Friday morning price dip.

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Fed takes on stablecoins: 5 things to watch in Bitcoin this week

Bitcoin continues its recovery from the China mining debacle, but price action remains delicate in a low-volume market.

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Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US

Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States.

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Why China’s Renewed Bitcoin Crackdown Isn’t Telling On Many Significant Levels

Even as Bitcoin attempts to gain a footing in the now downsized market owing to massive dumping witnessed in May following China’s ban on crypto-related activities, the PBOC seems not to be backing down on its move against Bitcoin miners and traders but instead, seems to have intensified its crackdown. On July 6, the Beijing […]

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How Will China Banning Cryptocurrency Influence The Future of Bitcoin

Bitcoin fell 20% in the last six days when investors became more anxious and skeptical of the future of bitcoin in the face of China’s continuing clampdown on cryptocurrency.  Bitcoin fell as low as $29,000 on June 22 when the news came that China’s six major banks and Alipay are banned from accepting cryptocurrencies orRead More

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Bitcoin’s Hashrate Drops Below 100 Exahash, Observers Describe China’s ‘Great ASIC Exodus’

Most of the crypto community has been focused on the developments in China and more specifically, the crackdowns against bitcoin miners in Inner Mongolia, Xinjiang, Qinghai, Yunnan, and Sichuan. On Wednesday morning (EST), Bitcoin’s overall hashrate has continued to drop and is now below the 100 exahash per second (EH/s) region. During the last 24 […]

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Could Paraguay emerge as a Bitcoin mining hub after China crackdown?

Bitcoin miners were dealt a blow in May as the Financial Stability and Development Committee of the State Council of China announced further controls on financial risk. The post Could Paraguay emerge as a Bitcoin mining hub after China crackdown? appeared first on CryptoSlate.

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Bitcoin miners: China kicks, Miami mayor picks

The crypto industry is showing great signs of adoption throughout the world, with some countries being an obvious exception. China, for example, is becoming increasingly intolerant of Bitcoin (BTC/USD) miners, especially now, as its digital yuan is approaching its launch.

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China Back on Attack Mode, Internet Blocking Exchanges & Bitcoin Miners Ordered to Shut Down

This time, Bitcoin price is not responding to the reports of a crackdown from China which extends beyond the crypto sector, ahead of the 100th anniversary of the ruling Communist Party on July 1, trading around $36,500.

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China's Latest Bitcoin Crackdown Sees Exchanges Censored, Miners Go Offline

Chinese internet services are censoring bitcoin exchange searches and mining operations in China have reportedly been asked to shut down.

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Are China’s Miners Relocating To Other Countries? Are They Selling Their BTC?

Bitcoin can’t catch a break. The attack continues. In China, the miners are running for their livelihood. The country pledged carbon neutrality by 2060, and they seem to think Bitcoin mining is in its way.

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Bearish Rumble Intensifies As China Moves To Crack Down On Bitcoin Mining and Trading Activities

China appears to be ready to go to war with Bitcoin and other cryptocurrencies just about a month removed from changing its stance on digital assets. Earlier this week, it was reported that the country had banned financial institutions from conducting any crypto transactions but subsequent claims pointed out that the powers that be are […]

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Bitcoin Mining May Be Harmed as China Seeks to Call Off Energy-Consuming Projects: Insider Colin Wu

China’s president has announced measures whose implementation may harm the Bitcoin mining industry in the country

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Bitcoin is an Investment Says PBOC’s Deputy

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China’s answer to Bitcoin could wreck Macau’s multi-billion dollar casinos

China has been a long time critic of Bitcoin despite its unwavering support for digital finance and payments. The post China’s answer to Bitcoin could wreck Macau’s multi-billion dollar casinos appeared first on CryptoSlate.

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China's Yunnan province officials crackdown on Bitcoin miners

China has been tightening its grip around crypto and crypto businesses. According to recent reports, authorities from Baoshan city in the Yunnan province have cracked down on Bitcoin miners. The authoThe post China's Yunnan province officials crackdown on Bitcoin miners appeared first on AMBCrypto.

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Ripple CEO’s Broken Record: Level Playing Field for XRP to Compete with China Controlled Bitcoin

Another interview, another strike from Ripple CEO on Bitcoin. Brad Garlinghouse clarified that he is a bull on Bitcoin and that he owns it, but at the same time, he said, “We need to acknowledge that when Bitcoin is more than 50 percent of the mining in China that China can control those technologies.

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The Sun Never Sets On Bitcoin Mining: Decentralization Continues As China Flounders

With some of its highest hash rates ever, the Bitcoin mining industry has weathered a harsh 2020 and increasingly moved away from China. The post The Sun Never Sets On Bitcoin Mining: Decentralization Continues As China Flounders appeared first on Bitcoin Magazine.

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Is China Driving Bitcoin’s Rise?

At around precisely 6AM Shanghai time, bitcoin jumped both on Sunday and on Monday, suggesting China might have something to do with bitcoin now stealing a bit ethereum’s show. Ethereum...

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Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14%

A new report by crypto research company Bitooda claims that China accounts for only 50% of global Bitcoin mining capacity, and the U.S. 14%. The data is in sharp contrast with earlier findings from the University of Cambridge Centre for Alternative Finance (CCAF), which put China’s share of the world hash rate at 65% and […] The post Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14% appeared first on Bitcoin News.

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The Chinese Yuan is Falling Once Again — and That’s Key for the Bitcoin Bull Case

Last year, one of the biggest narratives in the Bitcoin market was that tensions between China and the U. S. — which culminated in a massive trade war — was pushing cryptocurrencies higher. Whenever President Donald Trump tweeted about U.

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Gold and Silver Follow Similar Trend to Bitcoin, React to News About China

With crypto prices moving after almost every positive or negative bit of news related to China, gold and silver markets have been reacting to such events as well. With some exceptions, the overall trend in their value has been negative since September.

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Bitcoin Ban Is "Success Metric" in China: Adam Back

Bitcoin follows the lead of Facebook, YouTube, Telegram, and other western tech juggernauts that are banned in China

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Bitcoin Mining is Not Banned in China: Report

All bitcoin and crypto market bullishness is emanating from China at the moment. One industry insider has just revealed that, contrary to earlier reports, China will not be banning bitcoin mining.

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Op Ed: In China, It’s Blockchain and Tyranny vs Bitcoin and Freedom

China’s centralized blockchains couldn’t be any farther from Bitcoin’s. Designed for maximum control, they will become tools for improved surveillance and social engineering. The post Op Ed: In China, It’s Blockchain and Tyranny vs Bitcoin and Freedom appeared first on Bitcoin Magazine.

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Bitcoin Is Approaching the Optimal Buy Zone, According To Analyst

The sudden popularity regarding blockchain technology in China is exciting. However, these positive stories aren’t having the expected effect on Bitcoin’s price. For example, the China Merchants Bank has recently announced that it has made an investment in the crypto wallet BitPie, arguably one of the most popular wallets used by Chinese investors.

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Bitcoin Will ‘Never’ Crack China Due To Politics, Says Weiss Ratings

Bitcoin will not see official acceptance in China, ratings agency Weiss Ratings has declared as hype continues over the country’s Blockchain stance. Weiss: Bitcoin ‘Antithesis’ Of Chinese Politics In a tweet on October 28, Weiss, which has become well known for its no-nonsense tone on social media, said China would “never” use Bitcoin .

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China FOMO’ing Hard on Bitcoin: Is It the Beginning of BTC/Crypto Nationalization?

China has gone full-in on Blockchain technology and by extension Bitcoin. The latest news has been of a China Merchant Bank investing in BitPie, a Bitcoin non-custodial wallet with “longest history and most users in China.

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Bitcoin – Blockchain interest spikes as Chinese FOMO takes hold

From banning Bitcoin and other cryptocurrencies outright, to China now repositioning itself as a blockchain-powered nation after the passage of a ‘Cryptography Law’ by its National People’s Congress, the country’s developments have revived optimism in the crypto-industry.

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Is China’s New Fascination With Blockchain Really Good for Bitcoin?

Blockchain development has kind of become an element of the party line in the world’s largest officially communist state. The General Secretary of the Communist Party of China, Xi Jinping, recently told a Politburo meeting that the People’s Republic has to gain an edge in the emerging field.

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Ripple Effect From Bitcoin ‘Xi Pump’ Is Strong In China

It seems that the words ‘blockchain’ and ‘breakthrough’ were scarcely out of China’s President Xi’s mouth (albeit in the equivalent Chinese language form) before bitcoin price started to pump.

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Bitcoin Price Pump Follows S&P 500, Fills CME Gap After China’s Blockchain Endorsement

The Bitcoin price has pumped significantly following Chinese President Xi Jingping’s call for the country to become a global blockchain leader. However, there is more behind BTC’s pump than just that.

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China’s Inner Mongolia to Shutter ‘Illegal’ Bitcoin Miners by October

China’s Inner Mongolia autonomous region is carrying out an inspection to eliminate “illegal” bitcoin mining operations by October.

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Can Bitcoin Be Destroyed by China? Here's What Reddit Has to Say

As one Redditor points out, China is now Bitcoin’s single point of failure 

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Economist: Calling Bitcoin a Macro Asset is “Mass Delusion”

Bitcoin reaches a record inverse relationship with China’s currency But it is not yet a macro asset In 2019, there were several instances that showed Bitcoin is becoming a hedge against the global issues.

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