BTC price is up 50% since China ‘selflessly’ banned Bitcoin mining
No amount of FUD can keep Bitcoin down, and China has once again given bulls a boost with its bans. It’s been 150 days since China banned Bitcoin (BTC) mining — and BTC price action has only benefited as a result.Five months ago, China caused a considerable but not unsurprising stir by doubling down on its hostile environment policy toward cryptocurrency.Bitcoiners to China: Thanks for the banJust like every “ban” before it, China’s move against miners saw temporary price turbulence, matching the biggest physical upheaval in Bitcoin’s history.As miners powered down and relocated out of....
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China's version of eBay, dubbed TaoBao, has made a statement today indicating they plan to ban sales of cryptocurrencies like bitcoin and the any hardware used to mine them. The service cites recent developments in China's legal landscape surrounding bitcoin, and Taobao expresses its desire to remain in compliance with the rules set forth by the People's Republic of China. Banned sales items include: bitcoin, litecoin, quarkcoin, PPCoinm, namecoin, and just about any other digital currency you can think of. Of relation, any hardware and/or software used to mine bitcoin or other digital....