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)...

It’s no secret that we’re in the middle of an extremely turbulent and volatile period for the crypto markets. Major nations like China are imposing harsher restrictions on cryptocurrency trading and mining while eccentric billionaires lambast bitcoin for its carbon footprint. For Ki-Young Ju, the CEO of South Korean on-chain analytics firm CryptoQuant, we are […]

Andrew Abir, the Deputy Governor of the Bank of Israel, has started to issue Digital shekels as the first step of an internal pilot program.

The post Israel is Already Testing its Central Bank Digital Currency appeared first on BeInCrypto.

CNBC’s James Cramer, also known as Jim Cramer, has fessed up to selling nearly all of his Bitcoin amid fears of China possibly killing the world’s largest cryptocurrency following the nation having intensified its attack. BTC dropped below $32,000 in price on Monday, on the back of China’s Global Times reporting more than 90 percent […]

TL;DR Breakdown China further cracks down on cryptos How crackdown slipped BTC price down by $2,000 China has pushed the price of Bitcoin further down after the Agricultural Bank of China placed a ban on its customers from interacting with Bitcoin. It led to a drop in the price of the number one cryptocurrency. Bitcoin […]

According to the In/Out of the Money Around Price (IOMAP) model, an on-chain bitcoin fundamentals indicator, 87.01 percent of Bitcoins will experience loss on paper if sold at the current market price.  This represents a danger zone for the bulls who have already dropped from $35,000 to $32,000 on the 24-hour chart, which is likely […]

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.

Bitcoin and altcoins are reaching critical support levels, but instead of buying the dip, traders are waiting to see if any bullish signals emerge.

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.,...