
Everyday Bitcoin in China: Beneath the Surface
In the aftermath of restrictions from the People’s Bank, many outsiders are wondering what it’s like to use Bitcoin in China now. The atmosphere in China at present is extremely hostile for many aspects of Bitcoin. Exchanges are notably feeling pressure, with some even closing in light of banking authorities recently ‘reaffirming’ their stance towards cryptocurrency, one which could be called ‘critical’ at best. However, beneath the surface lies a somewhat different scene, set apart from the turmoil of the legislation. For consumers, it is definitely fair to say that “Bitcoin is not dead....
Related News
Bitcoin is navigating a volatile phase where bulls are struggling to drive the price higher, yet bears have also failed to push BTC below the $110,000 mark. This tight range signals a standoff, but beneath the surface, the market appears to be shifting into a new phase. For the first time in months, Ethereum and […]
BitMEX will place a bitcoin wallet holding 1 BTC on the surface of the moon as part of the first-ever commercial soft landing on its surface.
Ethereum has faced heightened volatility after setting new all-time highs, with the price retracing to lower levels in recent sessions. The sharp swings have tested investor sentiment, but beneath the surface, institutional demand and whale accumulation continue to tell a different story. Despite the pullbacks, big players are buying Ethereum aggressively, signaling confidence in its […]
Canada has been relatively quiet for most of Bitcoin's history. The United States has been onboard the Bitcoin train almost from day one, with over half the core development team from the country, and in 2011 and 2012 Europe too started to pick up steam. We saw Bitcoin Central become the first exchange to secure an agreement with a licensed payment services provider in France, bitcoin.de announcing a very similar deal in Germany, conferences in London and Amsterdam, and Bitcoin interest is even growing in China. Meanwhile, Canada only had its first Bitcoin meetup groups outside of a small....
The rumored deadline for China's banks to cut off bitcoin exchanges from deposits has arrived, with no official word from the authorities that such a policy even exists. Chinese exchange BTC China claims it has no intention of changing the way it does business. The story has contributed to turbulence in the bitcoin markets since it first began circulating as a rumor last month. Bitcoin saw its value fall beneath $400 briefly for the first time since November 2013. This is despite the People's Bank of China (PBOC) itself insisting it had no intention to ban digital currencies. Some....