Bitcoin up 36% YoY after China warned BTC was ‘heading to zero’

Despite warning about Bitcoin’s “worthlessness,” China has apparently never prohibited its citizens from hodling the cryptocurrency.

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The Great Wall: Why China’s Central Planners Can’t Handle Bitcoin

There is historical precedent for China’s resistance to bitcoin, a money that enables freedom and individual pursuit of capital.

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Bitcoin Rises as China Turns Bull While Boris Backs Down

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DCG’s Barry Silbert: ‘Almost Time For China To Unban Bitcoin, Again’

Former Grayscale CEO Barry Silbert has augured China to unban Bitcoin.  The most recent limitation on Bitcoin sprang in June 2021 and Silbert thinks it’s time that China did what China does best, banning and unbanning the top crypto asset.

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BTC price is up 50% since China ‘selflessly’ banned Bitcoin mining

No amount of FUD can keep Bitcoin down, and China has once again given bulls a boost with its bans.

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How Fed Tapering, Energy Crises And China Blackouts Will Impact Bitcoin

Potential Federal Reserve tapering, blackouts in China and global energy crises are sending markets into turmoil. How does bitcoin fit in?

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Coping with the China FUD - Bitcoin and the Huobi story

China's recent crypto-ban may not have drastically crashed Bitcoin, but it is certainly affecting certain businesses in the country. After China's central bank declared that offering trading, order maThe post Coping with the China FUD - Bitcoin and the Huobi story appeared first on AMBCrypto.

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China's Bitcoin "Ban" Creates A Massive Opportunity For The U.S.

With China banning Bitcoin activity in its borders, Americans have a chance to shape the future — as long as regulators don't stop them.

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Bitcoin Blitzed $20,000 Record High Three Months After China Crypto Ban In September 2017; D

China’s top government authorities are not yet done with bitcoin. Earlier today, the regulators published a statement declaring that trading and mining digital currencies are now strictly prohibited within the country.

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Ethereum drops more than Bitcoin as China escalates crypto ban, ETH/BTC at 3-week low

The second-largest cryptocurrency falls 13.30% versus Bitcoin's 9.38% decline as China's move scares investors away.

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China's Central Bank Says All Crypto-Related Transactions Are Illegal, Bitcoin Plunges 5 Percent

China has intensified its crackdown on Bitcoin mining and trading

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Bitcoin: Is there a flip side to the 'Headwinds originating from China'?

China's sweeping ban on cryptocurrency mining incapacitated an industry to a large extent, the impact of which was reflected in the drop in hashrate. According to an estimate by Adam James, a senior The post Bitcoin: Is there a flip side to the 'Headwinds originating from China'? appeared first on AMBCrypto.

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Bitcoin and China: Why this move cannot be 'underestimated'

China’s crackdown on cryptocurrency mining operations in the country was widely discussed in the last couple of months. Several conversations around this development are emerging, be it in the mediaThe post Bitcoin and China: Why this move cannot be 'underestimated' appeared first on AMBCrypto.

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This particular Bitcoin trend will 'accelerate hard' thanks to China

China's crackdown on Bitcoin mining has affected the world's largest cryptocurrency, as well as its community. In fact, within a few weeks of the lockdown, the associated hashrate significantly plungThe post This particular Bitcoin trend will 'accelerate hard' thanks to China appeared first on AMBCrypto.

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Bitcoin (BTC) miners in China plot plans to ‘go green’

Some of China’s storied Bitcoin miners are planning to use more renewable energy sources to power their expansive mining rigs, local outlet CGTN said today. The post Bitcoin (BTC) miners in China plot plans to ‘go green’ appeared first on CryptoSlate.

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Bitcoin: Network hash rate drops after China warns Xinjiang against mining

Bitcoin's price has been going through a volatile phase lately, making the crypto-asset extremely sensitive to all kinds of developments. Previously, the rehashing of China's crypto-ban had contributeThe post Bitcoin: Network hash rate drops after China warns Xinjiang against mining appeared first on AMBCrypto.

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China Blocks Popular Crypto Accounts on Weibo, Bitcoin Reacts

Bitcoin fell back to $35,300 again into the weekend but remains in the $33k-$40k range. Today’s drop in prices can be attributed, yet again, to the crackdown news from China. Reportedly, a large number of cryptocurrency KOL (key opinion leader) accounts have been blocked on Weibo, which is China’s Twitter.

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China’s state-run media slams Bitcoin trading, calls for stricter supervision

Following the Bitcoin mining debacle that originated from China earlier this week, Xinhua News, the official state-run press agency of the People’s Republic of China, published a new article today, highlighting the risks of cryptocurrency trading.

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China’s Ban On Mining Is Changing Crypto’s Landscape

China announced last week that financial institutions in the country would no longer be able to sell Bitcoin services, and that mining would be prohibited. Many in the Bitcoin community, including this paper, reacted with skepticism to the news, noting that China has previously “banned” its companies from using Bitcoin with little effect, and that […]

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China’s Doom is America’s Bitcoin Boom

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China Turns Bullish on Bitcoin

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Billions Moved Out of China in Bitcoin

Close to $20 billion has been moved out of China through bitcoin according to a new report by the China based blockchain analytics firm Peckshield. “In 2020, the total capital...

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China’s bitcoin miners struggle to pay bills due to govt crackdown

A self-claimed Chinese cryptocurrency reporter, Colin Wu, who has an exclusive focus on the crypto mining industry, regulation and exchanges in China, took to twitter today to share that Bitcoin minerThe post China’s bitcoin miners struggle to pay bills due to govt crackdown appeared first on AMBCrypto.

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China might 'control' Bitcoin, but Tether 'controls' China

Although neither China nor Tether control Bitcoin or each other in a literal sense, there is certainly a much deeper connection among them. China is in the news a lot. Whether it be Bitcoin, a tradThe post China might 'control' Bitcoin, but Tether 'controls' China appeared first on AMBCrypto.

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Former Ripple CEO Believes Bitcoin Can Be Destroyed by China

China seizing control over Bitcoin could be our dystopian future, according to ex-Ripple CEO Chris Larsen

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Could Floods in China Wipe Out Bitcoin?

China is currently suffering from the worst floods since 1998 when heavy rainfalls damaged and destroyed more than 13 million homes and left a death toll of over 3,700. Considering the fact that a huge chunk of Bitcoin mining is carried out in China, the industry is on edge.

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Bitcoin, Ethereum's popularity in China not a fluke

The cryptocurrency club is becoming exclusive, with countries around the world in a race to put forward their version of a central bank digital currency [CBDC]. China is the only country that has annoThe post Bitcoin, Ethereum's popularity in China not a fluke appeared first on AMBCrypto.

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Bitcoin Rally Falters as Stocks Drop Ahead of Trump’s China Speech

Bitcoin's bulls are taking a breather as the traditional markets get the jitters over rising tensions between the U.S. and China.

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Bitcoin Interest Spikes in China as Traditional Investment Channels Plunge

Bitcoin’s place in China has essentially always been guaranteed, even though the Chinese government is quite averse to the asset. Trading Bitcoin and most other decentralized digital assets are still outlawed in China.

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China's DCEP will compete against 'US dollar hegemony, not Bitcoin'

Since China's announcement of Central Bank Digital Currency [CBDC], the narrative switched from 'Libra vs rest of the world' to 'China's CBDC vs. Bitcoin'. But according to the CEO of Sino Global CapiThe post China's DCEP will compete against 'US dollar hegemony, not Bitcoin' appeared first on AMBCrypto.

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Bitcoin hashpower: The need to move out of China

China is seen as a dominant force when it comes to Bitcoin mining and the concentration of hash power. Cheap electricity has aided this East Asian country in hosting the majority of mining activities.

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Bitcoin's price is quarantined in the United States, not China

For the Bitcoin world, the two poles are not in the north and the south; they are in the east and the west. China and the United States of America - the two superpowers in the global economic worldThe post Bitcoin's price is quarantined in the United States, not China appeared first on AMBCrypto.

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Shots Fired as Ripple CEO Slams Bitcoin For “Centralization” in China

Ripple CEO, Brad Garlinghouse claims the centralization of Bitcoin mining capacity in China is a major point of weakness for the number one cryptocurrency. "China controls the Bitcoin blockchain.

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Bitcoin Is Trending in China as It Breaks Past $10,000

As Bitcoin (BTC) breaks past $10,000, it is trending once again in China. The leading cryptocurrency is the 4th hottest topic today on Weibo. Although China seems hostile towards cryptocurrencies, its citizens still seem to be following it closely.

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Bitcoin Mining Is Now Even More Controlled by China: Report

China increases its share of Bitcoin's global hash rate to 66 percent

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Chinese Inflation Jumps to 4.5%, Highlighting Bitcoin’s Scarcity

China’s inflation rate has jumped to 4. 5 percent for the month of November — highlighting the value proposition of deflationary currencies, like Bitcoin. China is notoriously hostile to cryptocurrencies, despite its government’s commitment to blockchain.

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Bitcoin Climbs 2 Spots on China’s Latest CCID Ranking

China’s Center for Information and Industry Development once again published a new list of its crypto ranking index, pushing Bitcoin 2 spots higher than its last report. Bitcoin Back in China’s Top 10 China has just released a new CCID Global Public Blockchain Technology Assessment Index.

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India Potentially Imitating China’s Focus on Blockchain Over Bitcoin

Two of the most fervent countries against Bitcoin and decentralized cryptocurrency are China and India. With the former, however, there is still a big drive towards the implementation of blockchain, while this is less so in the latter.

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Bitcoin would fail to serve as 'micro-surveillance medium' for China

After Facebook's Libra grabbed all the headlines for a few months, it would seem that China has replaced it as the crypto-market's top headline. Ever since Xi Jinping's historic proclamation in favourThe post Bitcoin would fail to serve as 'micro-surveillance medium' for China appeared first on AMBCrypto.

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Bitcoin Whale Moves 47,000 BTC ($338 Million) as China Cracks Down on Crypto

China’s recent crackdown on cryptocurrencies may have caused Bitcoin whales to move huge quantities of BTC.   China’s recent praises of blockchain technology do not seem to extend to Bitcoin and cryptocurrencies, as the country’s central bank launched another crackdown on crypto.

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China’s Mobile Payments Show ‘Why Bitcoin Will Succeed’

China is leaping ahead into becoming a fully cashless economy. That’s why it will soon find that it can’t do so without incorporating Bitcoin and other cryptocurrencies. China has become cashless and blockchain-friendly.

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Bitcoin and China: Long lasting Relationship

Development of Bitcoin and Blockchain in China We cannot undermine the importance of China while talking about the nations that have an impact on the world economy. It has created a significant impact on the world.

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China’s State Outlet Xinhua Exposes Millions to Bitcoin

China doesn’t seem to want the Bitcoin and blockchain gravy train to slow down any time soon. On Sunday afternoon (PST), reports arose on Twitter that Chinese state media had begun to talk up the leading cryptocurrency via an article.

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‘Bullish for Bitcoin’ — China Scraps Plans to Ban Cryptocurrency Mining

China will no longer persecute Bitcoin mining, new official documents show

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Bitcoin Mining Power Sees Short-Term Drop as Rainy Season Ends in China

After sustained growth over the past three months, bitcoin's mining power has dropped with a seasonal falloff in hydropower output in China.

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China Banking Run Could be a Blessing For Bitcoin

One of the reasons Bitcoin was envisaged was to provide freedom from the banking system, which is clearly in trouble. Banks literally hold their customers to ransom when services are pulled. This is exactly what is happening now in China as citizens rush to withdraw their savings.

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Bitcoin Dissident Sees Dark Warnings in China’s Blockchain Push

Grave concerns about the evolution of blockchain technology from someone who lived in China and used bitcoin for its censorship-resistant value.

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Social media searches for Bitcoin booming as China Merchant Bank invests in popular BTC wallet

Search volumes for “Bitcoin” on China’s social media platforms have spiked sharply following the Chinese government’s announcement of an openly bullish stance on blockchain and its various applications, including digital finance.

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China Bullish On Blockchain: Bitcoin Price Explodes In Happy Lucky Coincidence

The cryptocurrency market recovered dramatically today, as news from China sinks in that digital currencies are here to stay and Bitcoin soared by over $1,000.   News from China may be the cause As reported by Xinhua and translated by Cointelegraph, China’s General Secretary Xi Jinping issued a statement at a Politburo session regarding blockchain […] The post China Bullish On Blockchain: Bitcoin Price Explodes In Happy Lucky Coincidence appeared first on Crypto Briefing.

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Bitcoin Miners Halt Operations as Rainstorm Triggers Mudslides in China

A severe rainstorm in China's southwest has led to fatal mudslides, causing some local hydropower plants and bitcoin miners to halt operations.

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