From China to Cyberspace: Bitcoin's Year in Review
Welcome to CoinDesk's Yearly Review 2013 - a look at the five hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. It is a legal requirement for journalists to write an end-of-year roundup, and John Law is nothing if not law-abiding. One valid set of stories would read along the lines of: January - collapse of bitcoin predicted! March - price goes up. May - collapse of bitcoin predicted! July - price shoots up! October - collapse of bitcoin predicted! December - bitcoin collapses ... oh....
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Nearly 13,000 Chinese social media accounts that allegedly promoted virtual currency investments were closed, the Cyberspace Administration of China recently revealed. In addition, some 51,000 social media posts with content relating to the marketing or promotion of investments in virtual currencies were removed. 105 Websites Shut Down A Chinese regulator, the Cyberspace Administration of China (CAC) reportedly said 12,000 “illegal user accounts” on Weibo and Baidu that promoted virtual currency investment have been closed. A further 989 Weibo, Tieba, and Wechat public....
With China accounting for 80% of the global bitcoin trading volume, it was only a matter of time before the country's own authorities paid heed to the cryptocurrency. In a recent publication on October 13, the Cyberspace Administration of China (CAC) has, in no uncertain terms, claimed that we have entered the "post-Bitcoin era," and "Can no longer ignore its revolutionary changes" despite people thinking bitcoin and block chain technology is or was not stable. The publication began with the CAC taking note of the deeming of bitcoin as a commodity by the United States Commodity Futures....
Authorities in the province say crypto mining is inimical to China's environmental conservation efforts. Hebei, a province in Northern China, is the latest jurisdiction in the country to read the riot act to crypto miners and traders.According to Reuters on Tuesday, the province's cyberspace commission has announced plans to curtail cryptocurrency mining and trading activities in the region.The move is in tandem with a broader anti-crypto policy in China that has seen most of the country's cryptocurrency mining establishment forced to relocate overseas.In a statement by the commission....
2014 was the most surprising, exciting, demoralizing, political, contentious, spectacular year in the Bitcoin's six-year existence. Many impressive, very influential friends were made. Many powerful enemies stepped forward as well, looking to control that which was not meant to be restrained. As we head into Year 7 of Bitcoin, it's time to look back at the very special year that was 2014. Whether you wanted Bitcoin to succeed, or you didn't, you couldn't take your eyes off because it's a constant flurry of economic activity and commercial and political influence. Bitcoin, in 2014, began....
Authorities in the Chinese province of Hebei have reportedly launched a campaign against cryptocurrency mining and trading. According to a quoted announcement by the region’s cyberspace administration, a number of government agencies are working together to prevent the use of the region’s computing power in the crypto activities which the government considers illegal. Cyberspace Watchdog Targets Crypto Mining and Trading Operations in Hebei Hebei province in Northern China has become the latest Chinese region to undertake measures to clamp down on cryptocurrency mining and....