After Weathering From Chinese Crackdown, WiIl Bitcoin Hit $100,000 This Year?

Bitcoin has shown a lot of volatility this year Bitcoin has shown extreme volatility this year. From hitting a low of under $30,000 (₹ 22.51 lakhs) in May-June to reaching a high of $64,000 (₹ 48 lakhs) in April, the world’s largest cryptocurrency has been on a wild swing. A month ago it was trading […]

US Becomes Largest Bitcoin Mining Centre After China Crackdown

The United States has overtaken China to account for the largest share of the world’s Bitcoin mining, data published on Wednesday by Britain’s Cambridge Centre for Alternative Finance showed. The figures demonstrate the impact of a crackdown on Bitcoin trading and mining launched by China’s State Council, or cabinet, in late May, which devastated the […]

Bitcoin Became Stronger After China’s Crypto Crackdown: Edward Snowden

Edward Snowden tweeted that China’s blanket ban on crypto actually ended up making Bitcoin stronger. The NSA-whistleblower noted that it’s value has only risen — Bitcoin opened trading at Rs. 36,53,453 (roughly $49,285) on Monday, October 4, representing an overall rise in its exchange value following an unstable week that was stirred by China’s anti-crypto […]

Cryptocurrency Prices Rise Again After Chinese Crackdown Caused Dip

The cryptocurrency market has risen again and Bitcoin rallied strongly on Sunday after seeing a sharp drop in price on Friday and Saturday, following news of a crackdown on crypto in China. Over the weekend, many leading cryptocurrencies bounced back on Sunday, after spending most of Saturday in the doldrums, and on Monday, September 27 […]

What’s New In China’s Crackdown On Cryptocurrency: 4-Point Explainer

People’s Bank ofChina(PBOC) said it was illegal to facilitate cryptocurrency trading China’s most powerful regulators have intensified the country’s crackdown on cryptocurrencies with a blanket ban on all crypto transactions and crypto mining. The move sent bitcoin and other major coins lower, as well as pressurising crypto and blockchain-related stocks.  What’s New? 10 Chinese agencies, including […]

Cryptocurrency in China: What’s New in Country’s Latest Crackdown?

China’s most powerful regulators have intensified the country’s crackdown on cryptocurrencies with a blanket ban on all crypto transactions and crypto mining. The move sent Bitcoin and other major coins lower, as well as pressurising crypto and blockchain-related stocks. What’s new?Ten Chinese agencies, including the central bank and banking, securities and foreign exchange regulators, have […]

Chinese Gaming Firms Vow Self-Regulation Amid Crackdown on Teen Addiction

Over 200 Chinese gaming companies have pledged to regulate their industry to combat gaming addiction, including through the possible use of facial recognition to identify minors, a state-backed gaming association said on Friday. The statement, published by the CGIGC gaming association, which is affiliated to the online game publishing regulator National Press and Publication (NPPA), […]

Cryptocurrency Mining, Trading to Face Crackdown in China’s Hebei

The cyberspace commission in China’s northern Hebei province said it will cooperate with other government departments to crack down on virtual currency mining and trading, the latest move in the country’s cryptocurrency crackdown. The province’s educational department, public security department, local financial regulatory bureau, and communications administration will also participate in the crackdown, the commission’s […]

Alipay Said to Be the Target of Fresh Tech Crackdown in China

Chinese regulators have ordered sweeping changes to the country’s biggest payment app Alipay, as the ruling Communist Party attempts to rein in “the unruly growth” of the tech giants. Alipay – with more than one billion users in China and other Asian nations including India – was told to spinoff its profitable micro loan business, […]

China’s Regulatory Crackdown at a Glance: From Bitcoin to Ride-Hailing Apps

China has launched a multi-pronged crackdown on its tech companies, leaving startups and decades-old firms alike operating in a new, uncertain environment. Here are sectors that are facing regulatory pressure: Gaming companies Chinese regulators have slashed the amount of time players under the age of 18 can spend on online games to an hour of […]

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