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Tag: People’s Bank Of China

Deutsche Bank Analyst Channels Karl Lagerfeld in Scathing Review of Bitcoin

This statement came on the back of Wednesday’s market plunge, which saw bitcoin lose 22% of its value, hitting a three-month low of $32,129.

The post Deutsche Bank Analyst Channels Karl Lagerfeld in Scathing Review of Bitcoin appeared first on BeInCrypto.

Elon Musk, China’s Ban, Retail Investors – What’s Behind May 19 Crypto Market Crash?

Yesterday saw heavy downturns in the prices of several cryptocurrencies. BeInCrypto looks back on some of the major events amid the collapse.

The post Elon Musk, China’s Ban, Retail Investors – What’s Behind May 19 Crypto Market Crash? appeared first on BeInCrypto.

Reliving The FUD That Led To This Week’s Bitcoin Crash

It is the worst of times. It is the best of times. It is the age of fear, uncertainty, and doubt. Nevertheless, Bitcoin’s fundamentals remain intact. The project’s value is still there, despite the disastrous drop in price. It was all going so well. How did we get here? Actually, there are a lot of […]

China Ban Triggers Crypto Sell-off – Time To Invest in Bitcoin?

China’s relationship with the cryptocurrency industry has always been quite complicated. After a few years of keeping an eye on crypto, the country tried to [...]

Coinbase faced with technical issues amid crypto crash

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 […]

Bitcoin Crash: Crypto Leaders Say End Hype – Buy At Bargain Prices?

The bitcoin crash shows no sign of arresting itself anytime soon as it dramatically fails to hold support around the $40,000 level which coincides with [...]

Black Thursday All Over Again? Analyst Explains Bitcoin Could Drop to $30,000

Bitcoin has been trending down for five days now. Another piece of bad news came Wednesday, as the People’s Bank of China said digital tokens can’t be used as a form of payment. After the announcement, both BTC and ETH saw a 5% drop.  The price of bitcoin has already dropped over 35% from $56,000 […]

Crypto market sees the biggest crash of 2021 as BTC briefly falls to $31,000.

The Crypto market sees the biggest bloodbath of 2021 as all major cryptocurrencies drop massively. The leading cryptocurrency fell as low as $31,000 for the first time this year before gaining a couple of thousands at the time of writing. The second-largest cryptocurrency Ethereum also lost as much as 40% during the biggest market crash […]

Black Thursday All Over Again? Analyst Explains Bitcoin Could Drop to $29,000

Important information: This is a sponsored story. Please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of […]

Load The China FUD: Chinese Regulators Reiterate 2017 Financial Institution Ban

China Stock Market

The Chinese government has announced that it will be cracking down on financial institutions that get involved in the cryptocurrency business, while also warning investors about the speculative nature of crypto trading. The ban will prevent banks and other financial platforms from offering their clients any service related to cryptocurrency, including but not limited to [...]

The post Load The China FUD: Chinese Regulators Reiterate 2017 Financial Institution Ban appeared first on Blockonomi.

Institutions are Prohibited from Conducting Crypto Transactions in China

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

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