Tensions are running high as Bitcoin's hashrate plummets and Chinese authorities issue new warnings to banks. Here’s everything you need to know.

The benchmark cryptocurrency slipped briefly under the $29,500-level on June 22 as a Glassnode report indicated the possibility of miner capitulation in China.

The leading cryptocurrency has finally fallen through the psychological threshold of $30,000 amid a fierce regulatory crackdown in China.

It was a bloodbath in the market on Monday. Those looking for the best cryptocurrency to buy will undoubtedly be feeling anxious as there’s no [...]

The crypto market sell-off has entered the third week with Bitcoin falling below $32,000 price today. The top cryptocurrency was trading at $31,652 with a 24-hour price decline of 2.35%. The current price correction is attributed to the growing scrutiny of the Chinese government towards Bitcoin mining and trading. The top cryptocurrency has fallen more

The post Bitcoin Dips Below $32K, Altcoins Register Double-Digit Decline appeared first on Coingape.

The People’s Bank of China has issued a statement ordering commercial banks to cut off all digital currency-related activities, including over-the-counter digital currency trading merchants. PBoC recently summoned the country’s leading banks and payment providers as part of the fresh crackdown amid the bank’s efforts to step up its CBDC pursuit. The latest is the […]

The Agricultural Bank of China (AgBank) has announced that it will follow the central bank’s guidelines to cease service to cryptocurrency users. China set to ban all crypto-related Activities AgBank is the third largest commercial bank in China and met with the People’s Bank of China to receive instructions. Other banks who attended the meeting […]

The post Chinese Banks Crack Down On Cryptocurrency Users appeared first on CryptoCoin.News.

(Adds dollar signs in 2nd paragraph, dropped word to quote in 6th paragraph) By Alun John and Andrew Galbraith HONG KONG (Reuters)...

CNBC’s Jim Cramer has sold off almost all of his BTC holdings, predicting bearish fundamentals will suppress Bitcoin’s price for the foreseeable future.

The Central Bank of China released a statement in which the entity had asked banks and payment platforms to pressurise the crypto crackdown in the country.

The Agricultural Bank of China (ABC) published a Bitcoin (BTC) ban announcement, restating its services must not be used for cryptocurrency-related transactions and activities, only to delete it within minutes, pause for a few hours, and then publish the ban all over again.

The post BTC dumps after Agricultural Bank of China issues, deletes, and reissues Bitcoin ban notice appeared first on CryptoSlate.

The Central Bank of China (PBoC) has pressured the Commercial Bank of China, Agricultural Bank of China, Construction Bank, Postal Savings Bank, Industrial Bank and Alipay (China) Network Technology Co.,...