Wednesday, April 14, 2021
Tags Bitcoin

Tag: Bitcoin

PBOC Touts Risk Free Removal of ICO and Cryptocurrency Platforms

China's central bank says it has successfully eradicated bitcoin trading platforms from the country. Gong Yan (龚雁), the vice-head of the People's Bank of China...

Central Bank Chief Warns Cryptocurrencies Could Impact Financial Stability

The head of the People's Bank of China has expressed concern about the potential impacts of the "excessively rapid and insufficiently cautious" emergence of...

Chinese Communist Party Flags Crackdown on Cryptocurrency Speculation

The flagship newspaper of the Chinese Communist Party has published an editorial warning against the perils of speculation in bitcoin and other cryptocurrencies, as...

Hacker Infiltrates PBOC’s Email System to Spread Fake Bitcoin Rumours

A hacker has accessed the email system of the Hefei branch of the Chinese central bank and used it to spread fake reports of...

Central Bank Official Calls for China to Scrap Centralised Crypto-currency Trades

A senior official from the People's Bank of China has called for the centralised trading of crypto-currencies to be banned outright in the country,...

China’s Bitcoin Miners Would Still Be Profitable Following 50% Price Drop

Bitcoin mining in China is so lucrative that business would still be profitable following a 50% plunge in the crypto-curency's prices, according to the...

Shenzhen Tech Companies Make Mass Public Disclosures About Blockchain

A slew of Shenzhen-listed tech companies have made public disclosures on their level of involvement with blockchain technology, as regulators step their scrutiny of...

Can China’s Central Bank Starve Bitcoin Miners of Power?

The People's Bank of China believes it can reduce the scale of domestic bitcoin production by ordering local governments to crack down on power...

Use of Bitcoin as Money “Disastrous”: PBOC Digital Currency Research Chief

The head of the People's Bank of China's digital currency research department has deplored the use of virtual currencies such as Bitcoin as a...

China’s Bitcoin Ban Won’t Affect Blockchains: Central Bank

China's central bank says that domestic research and development of blockchains will continue despite the recent crackdown on initial coin offerings and the shutdown...

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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...