Tag: China

Another surge in the value of BTC and the corresponding rise in interest, predictably entailed more than the next cryptocurrency boom. On top of that, the state bodies of different countries have become more active with their unending desire to regulate everything in sight. The official recognition of bitcoin as a legal tender was a…

The U.S. is starting a national conversation about a central bank digital currency, while more than 60 central banks have been looking into CBDCs since 2014. Several countries worldwide have experimented with digital currencies or already released early versions of CBDCs. Such a turn could make banking and monetary policy more efficient and help the…

As the China Ministry of Public Security said, the police have arrested more than 1,100 suspects of using cryptocurrencies for illegal activities, like laundering money and telecom frauds. The Chinese authorities stated they have crackdown more than 170 gangs responsible for using crypto for criminal purposes. The arrests follow China has stepped up efforts to…

Bitcoin falls again on Tuesday. The largest cryptocurrency continued to slip down all day among a massive selling out of digital currencies as investors were concerned about shifting U.S. monetary policy, continued tightening of crypto regulation in China, and doubts of the security of the cryptocurrency after the FBI had recovered most of the ransom…

Bitcoin and most top cryptocurrencies continued their fall on Sunday amid investor concerns over Chinese regulatory risks. As China has blocked several cryptocurrency-related accounts on Weibo, a popular Twitter-like platform, this weekend, Goldman Sachs Group Inc.’s report warns that institutional adoption of the crypto industry may be a long process. The world’s largest cryptocurrency declined…