China and Taiwan’s Potential Economic Impact, Bear Market Warnings, and FC Ba...
From ominous speculation about the potential economic fallout of military conflict between Taiwan and China, to markets being flooded with designer watches in the wake of a crypto downturn, to warnings of worse bear markets and soccer franchises pushing forward in the realm of metaverse ambitions, there’s once again never a dull moment in the world of cryptocurrency news. Without further ado, this is your bite-sized digest of the week’s hottest stories from Bitcoin.com News. Reports Say Beijing Attacking Taiwan Could Lead to ‘Far-Reaching Economic....
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On Friday, the cryptocurrency community discussed a report stemming from China’s 51st meeting of the Central Financial and Economic Affairs Commission that reiterated warnings about bitcoin mining. The following Sunday, reports disclosed the cryptocurrency operation Huobi has suspended its cloud-mining operations and other crypto services to customers in mainland China. Rumors of China and Bitcoin’s Uneasy Relationship Continue It was said on many occasions in 2017 that bitcoin (BTC) was resilient to negative news from China, after the tumultuous year of bad news from China....
The crypto bear market has had a significant impact on investing patterns across the space. Where the interest peaked in the bull market of 2021, the reverse was the case during the bear trend of 2022. In light of this, there has been an impact on the download numbers of crypto exchange apps across the […]
China leads the way when it comes to Bitcoin trading. Here are few factors influencing the trend. The impact of Bitcoin’s growing popularity is being felt across the world. While these changes aren’t that evident in liberal economies, it is visible in plain sight in China. Individual investors in China are increasingly adopting Bitcoin as an instrument for investment over conventional stocks. Even though their ticket sizes are small, individual investors represent a significant chunk of investments in the market. In the current economic scenario, individual investors shifting from....
A joint statement from China's authorities had an interesting impact on bitcoin's value last week. The statement served as a 'notice' highlighting that "bitcoin is not issued by the monetary authorities", and that it's "not the true meaning of money". The release also states that bitcoin "cannot and should not be used as currency in circulation in the market". Let's examine. China's growing presence in bitcoin. China has been a booming market for bitcoin. Since early November, the world's leading bitcoin exchange has been BTC China. BTC China has just received $5m in venture capital....
China is on the verge of an economic meltdown and Bitcoin can be one of its major problems. Beijing might be preparing to tighten the siege around companies and entrepreneurs doing business with Bitcoin. The latest Goldman Sachs report revealed that about 80% of bitcoin transactions are being made in China. With an economic slowdown on its hands, the People's Bank of China (PBOC) is trying to find and close down the holes from where many of the country's wealth is being taken out. Right now, China's highest priority is stability, and bitcoin growing popularity is having a negative impact....