President Xi Jinping

4 Beijing Regulators Issue New Crypto Activity Warning

Four financial regulators in China have jointly issued a fresh warning regarding crypto trading activities in Beijing. The notice explains the reason for the warning and lists prohibited crypto activities, which have reportedly been surging as companies ramp up their blockchain promotion. Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO,...
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Market Update: Despite Uncertainty, BTC Longs Skyrocket

Digital currency prices have slumped again as the entire crypto market capitalization has dropped below $200 billion. At press time, most of the top digital assets are down a few percentages after gathering some gains over the last few days. With multiple coins getting rejected after trying to surpass upper resistance, skeptics think crypto prices...
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Chinese Interest in Bitcoin Remains High Post Crypto Rally According to Data

Last week, news that Chinese President Xi Jinping spoke in support of blockchain technology, caused crypto markets to surge and Bitcoin to set its third-largest one-day gain percentage-wise in the asset’s ten-year history.Price action has since slowed, however, according to metrics from popular Chinese websites, interest in Bitcoin remains just as high, and could be...
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Why China’s Interest in Blockchain Will Ultimately Be Bad For Crypto

Last week, Chinese President Xi Jinping gave a speech where he praised the blockchain technology many crypto assets are built on and urged his country to ensure it is at the forefront of future developments in the space.The post appeared first on NewsBTC
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What Drove Bitcoin Price to $10,500? Not Chinese Crypto Traders, Apparently

Bitcoin has seen an absolute whirlwind of the past 48 hours. As you likely know, the leading cryptocurrency has traded within a massive $3,300 price range as crypto markets have incurred their latest bout of volatility after weeks of lull. At its local peak, Bitcoin was trading for $10,500; now, BTC is changing hands for...
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Crypto Markets Pump As President Xi Calls Blockchain a ‘Breakthrough’

As if to prove Zuckerberg right in his reasons to move ahead with Libra, President of the People’s Republic of China Xi Jinping has promised extra funding for blockchain. He called the technology “an important breakthrough” for independent innovation. Crypto markets pumped in reaction.  Chinese President Xi All-in on Blockchain Tech According to the Xinhua...
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