Chinese traders are seemingly paying no attention to the government’s biggest crypto crackdown amid the hard-to-trace nature of cryptocurrencies.

China has renewed its apparent negativity toward crypto. Here are three scenarios for what might happen next.

TL;DR Breakdown • Coinbase is trending on Twitter due to the flaws in its system.• China causes the biggest cryptocurrency crash of 2021. Coinbase’s official website crashed on Wednesday as major cryptocurrencies plunged on the market. The crypto exchange system had major technical issues, and its users did not hesitate to report it. Shares of […]

Three industry bodies under the Central bank of China released a document today calling for a ban on financial institutions and online payments channels providing any services involving cryptocurrency, including but not limited to registration, trading, clearing, and settlement.  Additionally, the institutions would not be allowed to offer to save, trust or pledging services, nor […]

The post The ‘China crypto FUD’ is back again, but it’s misleading appeared first on CryptoSlate.

Financial and payment institutions are advised to prohibit cryptocurrency-related transactions such as the issuance of shares or the sale of tokens.

A broader consensus on strengthening the supervision of Bitcoin and crypto transactions is being formed, as per an opinion piece in the China Securities Journal (CS) on Sunday.

The post China Securities Journal sounds alarm on financial risks related to Bitcoin and crypto appeared first on CryptoSlate.

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Companies like Tesla and MicroStrategy are investing billions in the world’s first cryptocurrency, Bitcoin. This investment may signal long-term support for crypto and blockchain, and global banks are taking more notice of cryptos. The involvement of global banks may be important for those with Bitcoin IRA accounts because cryptocurrencies like Bitcoin, Ethereum, and Litecoin may […]

The post Here’s Why Banks Are Getting Involved In Cryptocurrencies appeared first on Bitcoin IRA | Official Bitcoin Retirement Account Investment.

China’s virtual yuan has been in development for the past 7 years (since 2014). Recently, Chinese officials had noted that Bitcoin (BTC) was...

Here’s what crypto and blockchain experts from China think about the role of emerging technologies in the future of finance.

CBDC tests are proceeding toward deployment, as Chinese internet, fintech and e-commerce giants are leading the digital yuan vanguard.

XVS tested and fell below the 23.6% FIB retracement level of $120.23. This price pullback is a part of the price correction process occurring in the XVS market. We can expect the price to retest and break out of this level in some time. Overall, the bulls seem strong and hence we can expect the price uptrend to continue today and tomorrow.