China is BACK - Massive Bitcoin Buy Orders
In a few hours China's Huobi exchange have traded more than 30 000 Bitcoins. We have currently not found any good reasons for the sudden increase in trading volume and increase in price, but we are looking for it now. If you have any news that might have affected the trading volume on Huobi please let us know in the comment section below. Editor's Note: Despite all the hullabaloo in China surrounding Bitcoin, raised by the PBOC, it is clear just from Exchange volumes that China is Back. See the trading volume here: China is Back - Massive Bitcoin Buy Orders. The Daily Competition. We are....
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Reports of massive Bitcoin Buyback in China circulating gain credibility http://t.co/PhNidqe4lp shows large buy orders originating from asia. - COINSPRINT (@coinsprint) January 14, 2014. This is the view from fiatleak.com showing a flurry of bitcoin buys in China: Here is an update one hour later:
The folks over at BTC China have, as of January 3rd, implemented a change in fees, according to a notice published on Friday. Effective immediately, BTC China says the following will change: CNY Withdrawal fee is reduced from 1.0% to 0.5%. BTC China will use the Maker-Taker fee/rebate model for trading: Limit orders not executed immediately will be rewarded a 0.3% rebate on execution. Orders executed immediately will continue to incur a 0.3% transaction fee. The changes, of course, come as the recent drama has unfolded with the Chinese government throwing down the banhammer - preventing....
For a couple of minutes ago we witnessed a massive buy of Bitcoins at the Bitcoin exchange Mt. Gox. If you take a look at the graph below you can see buy orders of more than 2000 Bitcoins which is a buy order of more than 2 million USD with the current prices at Mt. Gox. Massive spike in Bitcoin buy orders at Mt. Gox. Some of the major events this weekend must include the Bitcoin conference in Miami that Kyle Torpey wrote about yesterday. Then we have a great analysis from Gordon Geeko including a video analysis that will come out later today trying to break down the shifts. We could see....
The China ban on Bitcoin mining back in 2021 had one of the greatest impacts on the space. On the back of this, the price of the digital asset had gone on a massive downtrend as the hashrate out of the mining capital of the world had dropped to nearly zero. However, less than one […]
A regional report from China indicates that bitcoin mining rig manufacturers have seen a massive surge in demand since the price of the leading crypto asset skyrocketed. Companies such as Canaan Creative have placed significantly sized mining rig orders while other companies like Bitmain are completely sold out. Bitcoin Mining Rig Manufacturers Experience a Device Demand Boom Bitcoin (BTC) prices in February have spiked considerably in value and this has fueled the BTC mining sector a great deal. On Friday, the Bitcoin network hashrate is hovering above the 150 exahash (EH/s) range and....