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Tag Archives: china bitcoin

PBOC Unveils Plans To Create Blockchain-based RMBCoin

Even though China is not a big fan of Bitcoin, they see the merit of digital currencies. In fact, the PBOC has been working on RMBCoin, a national digital currency project. By the look of things, RMBCoin will not allow users to control the private keys. For the time being, it remains a bit unclear […]

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Bitcoin is Becoming a De Facto World Currency

Bitcoin is becoming a world currency. Credibility and safe-haven currency functionality are some of the sine qua non features of a world currency. Signs corroborating that Bitcoin exhibits these two features are appearing more frequently and in ever more significant use-cases. Bitcoin is Gearing Up to be a World Reserve Currency The People’s Bank of […]

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Recent Developments in China May Further Strengthen Bitcoin, Reduce Volatility

The recent developments in the Chinese Bitcoin sector forced many cryptocurrency exchanges to change their practices. These changes were put into effect after margin and leveraged bitcoin trading options came under the scanner of government agencies following huge reported losses among customers. The price of Bitcoin, a popular cryptocurrency experienced a sudden fall earlier this […]

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China Intervenes, Yuan Soars, Bitcoin Crashes

yuan increased by almost 1% against the dollar last night as overnight borrowing costs in Hong Kong rose to 96%, according to Reuters, surprising observers and sending bears for cover. Around the same time, after surpassing gold parity and reaching an all-time high of nearly $1,300, bitcoin flash crashed in a sell off run to […]

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