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Altcoins Again Take The Strongest Hit Amid China Crackdown News


As China is sending more negative news to the crypto market, altcoins are once again suffering the most. Bitcoin (BTC) dropped from USD 41,760 to below USD 37,000 in half an hour and continued correcting lower. At 19:53 UTC, it trades at USD 36,082 and is down by 10% in a day. Meanwhile, ethereum...

Another Year, Another Crypto Ban in China - Report


China has banned financial institutions and payment companies from offering their clients any service involving cryptocurrency, such as registration, trading, clearing, and settlement, Reuters reported, citing a joint statement by three industry bodies. However, some industry players claim that...

Chinese Police Return Bitcoin to Victim in 3 Million Yuan Theft Case


Police in China’s Jiangxi province have reportedly recovered bitcoins stolen from a victim and returned them to the owner. The case involves the theft of 8.236 bitcoins, worth approximately 3 million yuan. Police Return Bitcoin to Theft Victim Police in China’s Jiangxi province have...

China’s Blockchain Investment Growth Is Slowing Down


Beijing. The growth of China’s blockchain business expansion appears to be slowing, per a new report – a sign that the blockchain explosion of the past two years appears to be quelling. In October 2019, Chinese President Xi Jinping gave a speech where he called blockchain technology “an important...

Urban Tea Now Accepts Cryptocurrencies Including Dogecoin


A specialty tea products retailer based in China’s Hunan province, Urban Tea, has introduced crypto payments in its stores and restaurants on two continents. Starting from this week, customers will be able to buy its beverages and meals using various cryptocurrencies. Chinese Tea Stores...

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