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Tag Archives: china

Major Chinese Exchanges to Postpone the Return of Withdrawals

Today, all of the three major Chinese exchanges – OKCoin, Huobi and BTCC – announced that they will postpone the resuming of bitcoin withdrawals. All three of them have recently been inspected by the Central bank of China (PBoC). In almost identical announcements the exchanges stated they’ve actively been developing and upgrading their systems over the […]

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Chinese Congresswoman: ‘PBOC Should be Responsible for Bitcoin AML’

More information on the developments in China have been coming out recently, concerning the new regulations of Chinese bitcoin exchanges. On March 9th, Wu Xiaolin, the former deputy governor of the People’s Bank of China (PBOC) and congresswoman for the National People’s Congress, told a local reporter the central bank should be responsible for these types […]

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Not Even the ‘Great Firewall’ Can Stop OTC Bitcoin Trading in China

Facebook, Twitter, the New York Times and…Localbitcoins. In China, they’re all inaccessible behind the ‘great firewall’, which refers to internet censorship in the so-called ‘red dragon’. Since the introduction of revamped regulatory measures by most Chinese Bitcoin exchanges, bitcoin trading seems to have, at least in part, shifted to over the counter markets; in particularly, Localbitcoins. […]

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Bitcoin’s Rocket Boosters on Full Throttle as Price Skyrockets to New ATH

The price of bitcoin has once again crossed another all-time high reaching an average of US$1240 across global exchanges, before climbing to new heights above $1250. Bitcoin’s value had already met parity with the price of one ounce of gold and had also beaten the December 4th, 2013 Mt. Gox ATH price of $1242. Bitcoin […]

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Bitcoin Resilient After Chinese Exchanges Start Charging Transaction Fees

As the biggest Chinese exchanges announce the implementation of transaction fees, Bitcoin, once again, shows off its inherent capacity to quickly adjust to the ever-changing environment, and to not only recover from adversity but to also get stronger. The latest shock resulting from the imposition of transaction fees by Chinese exchanges caused bitcoin trading volumes […]

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Markets Update: Upward Trends As All Eye Trump and China

Most of this week’s cryptocurrency markets have been on an upward trend following the top digital asset, Bitcoin. On January 16 Bitcoin’s fiat price value broke the US$900 range, once again showing a determined bullish outlook. Meanwhile, the top ten altcoins in the cryptocurrency ecosystem have either stayed relatively stable or gained value. Bitcoin Breaks […]

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