Will China’s Regulatory Decisions Affect the Bitcoin Price?
For nearly a month, rumors surrounding China’s alleged bitcoin regulations have been running rampant. Earlier in November, bitcoin actually underwent a serious financial dump, falling by nearly $40 overnight as the rumors swelled to ridiculous proportions. Now, it appears those rumors are coming true, and investors are wondering which direction bitcoin will sway. China’s state council is imposing stricter regulations for businesses that invest abroad. While this isn’t the full-on legislative map reported earlier, the move is likely to bear some consequences on the overall price and on the....
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Regulation as it concerns bitcoin has been dominating the media cycle recently. We've had the US government meeting with representatives of the Bitcoin Foundation. In the UK, regulators have been meeting with companies trying to make determinations about a framework for operating in the realm of bitcoin. And companies like Tradehill have suspended bitcoin operations pending further notice because regulatory issues have been opaque regarding decentralized virtual currencies. Yet in the past month, this uncertain environment has not deterred the volume of trading on bitcoin markets. Despite....
Both Bitcoin buyers and sellers attention on the market is always focused on the cryptocurrency price. This is a defining factor that empowers traders to makes decisions on whether to buy or sell Bitcoins. Every day, experts make forecasts about the price based on fundamental or technical analysis and market players are closely following any news that may affect the price and value of Bitcoin. In this article we will try to understand what factors affect the growth or decline of Bitcoin price rates. But first, let us recall what represents the price of Bitcoin. Bitcoin has value for....
The platform will close all its over-the-counter (OTC) trading services because of the risks related to uncertainties from China’s regulatory policies/
Bitcoin mining just experienced one of its largest difficulty adjustments ever. But what role did changes in China’s access to cheap energy play? The post How Do Seasonal Fluctuations Really Affect Bitcoin Mining? appeared first on Bitcoin Magazine.
China has been increasing its regulatory pressure on crypto firms to help Chinese citizens stay clear of high-risk investments. Bitcoin (BTC) maximalist and Ballet CEO Bobby Lee recently discussed the implications of China’s ongoing crackdown on cryptocurrency. Despite the government’s support for a digital renminbi, Lee suggested that Beijing has no interest in nurturing the cryptocurrency industry. Considering his collisions with the Chinese government during his stint in running China’s first crypto exchange BTCChina, Lee said:“It (China) wants to regulate (cryptocurrencies) to achieve....