It is clear to see that momentum in the crypto industry is all coming from China at the moment. While the US is still fumbling with regulatory uncertainty, the red dragon is forging ahead with its own crypto and blockchain plans for a digital future. Get Into Crypto or Lose Out The US is in…
According to economist Timothy Peterson, Bitcoin’s recent slide could be a short-lived wobble if October’s history repeats itself. He pointed out that drops larger than 5% in October are rare — they have occurred just four times in the past 10 years — and when they happened, Bitcoin often bounced back quickly. Related Reading Historical…
Weekend trading for Bitcoin has been bullish but things really started to take off during Asian trading this morning. As BTC tapped a twenty four day high, it is now only $2k away from its 2019 peak and reaching it this week is not out of the question. BTC Taps $11,800 Bitcoin has not looked…
While trading Chinese yuan through Bitcoin may technically be banned in China, that hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency.This much was made clear on Sunday when Samson Mow, CSO of Blockstream, noted that according to data from Weibo (‘Chinese Twitter’), Bitcoin was a trending topic. This is the third…
Chinese messaging giant WeChat has banned users from conducting cryptocurrency-related activities. But that could be bullish for the industry, at least according to Changpeng “CZ” Zhao. The Binance CEO said WeChat’s decision to ax crypto-based OTC trading activities was “a classic example of short-term pain, long-term gain,” adding that censorship will eventually attract more people towards the…
A new forecast from a chief Morgan Stanley executive claims the dollar is due for a severe crash that could benefit Bitcoin in a major way.What’s fueling this “inevitable” dollar collapse, and why does it make for a perfect storm for the first-ever cryptocurrency?Morgan Stanley Asia Chairman: The Dollar Is Inevitably Doomed For 35% CrashMorgan…
Facebook certainly rattled some cages when it announced its own cryptocurrency last month. A number of nations including Russia and China have expressed concern over the rising dominance of US tech and internet giants, especially if they’re aiming to manipulate finances as they currently do with data. Crypto Community Unfazed, China Is The crypto community…
President Joe Biden issued an order Monday blocking a Chinese-backed cryptocurrency mining firm from owning land near Wyoming’s Francis E. Warren Air Force Base amid heightened U.S.-China tensions. Citing national security risks, the order requires the divestment of property operated by MineOne Partners Ltd., a crypto mining facility located within a mile of the base,…
What is the new “China Model”? And why would that country ban an industry that made them the ultimate leaders in the most important development in recent times? The world is still scratching its head. There has to be something else to this story. Is it only control that they want? Or does China have…
Over the past few weeks, a virus in the coronavirus family (same family as the common cold, SARS, MERS, etc.) has started to circulate the globe. This novel coronavirus (2019-nCoV) originated in China, specifically in the Chinese city of Wuhan and seemingly due to infected animals being sold at a local market.The virus has thus…