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BTC price tumbles as China central bank launches crackdown on cryptocurrency

BTC price tumbles as China central bank launches crackdown on cryptocurrency
After showing signs of recovery following the announcement from China’s central bank that all crypto-related transactions are illegal in the country, the prices of bitcoin and several other cryptocurrencies are sliding down again on Tuesday.

After showing signs of recovery following the announcement from China’s central bank that all crypto-related transactions are illegal in the country, the prices of bitcoin and several other cryptocurrencies are sliding down again on Tuesday.

While bitcoin showed signs of recovery to its pre-Friday crash levels of $45,000, the cryptocurrency has slid down again in value by about $42,000 in the last 24 小时.

The global cryptocurrency market is down by about 4 per cent in the last 24 小时.

Several cryptocurrencies, including Ethereum (醚), 卡尔达诺 (有), and dogecoin (doge) are down by nearly 3 至 4 per cent compared to their values 24 几个小时前.

在周五, 10 powerful Chinese government bodies, including the central bank said overseas exchanges were barred from providing services to mainland investors via the interneta previously grey area.

Following the move, several exchanges, including Huobi Global and Binance, have scrambled to cut ties with mainland Chinese customers.

You can follow all the latest news, updates and expert price predictions in our live blog right here.

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The prices of several cryptocurrencies, including bitcoin, 以太坊, and Solana have slid down by over 3 至 5 per cent in the last 24 小时. The crypto market is down by over 4 per cent in the last 24 小时, currently valued at about $1.88 trillion. Experts say the current value drop is tied to China’s new blanket ban on all cryptocurrency trading and miningthe broadest yet by a major economy.

The latest move has barred overseas exchanges from providing services to mainland investors via the interneta previously grey area.

Following the move, top global exchanges, including Huobi Global and Binance, have stopped new account registrations by mainland China customers.

The chart is still all red with no signs of recovery yet.

Vishwam Sankaran28 九月 2021 04:46
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The prices of several cryptocurrencies, including bitcoin and Ethereum have tumbled after China’s central bank said all crypto-related transactions are illegal in the country.

While the prices of many cryptocurrencies were stabilising early Friday, their values have plunged in the last two hours. You can read more about it 这里.

Vishwam Sankaran24 九月 2021 11:36
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China’s central bank has said all crypto-related transactions are illegal.

Amid the growing crackdown on cryptocurrency mining and transactions in the country, the latest statement is the most extreme intervention from the People’s Bank of China.

Vishwam Sankaran24 九月 2021 11:04
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Bitcoin appears to be stabilising after a surge following Twitter’s announcement that it is adding the ability to pay users with the cryptocurrency in the platform.

It has not risen to its pre-Monday levels of $47,000 yet. But the latest surge has put its value above $44,000, growing by about 2 per cent in the last 24 小时. Other cryptocurrencies, including Ethereum (eth) Solana (sol), Dogecoin (Doge) appear stable with their prices not changing much in the last 24 小时. The global crypto market has grown by about 1 per cent in the last 24 hours and is currently valued at $1.98 trillion.

Vishwam Sankaran24 九月 2021 04:28
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BREAKING: Twitter adds bitcoin payments

After many rumours and hints from Jack Dorsey, Twitter is adding the ability to pay other users with bitcoin through its Tips feature.

Dorsey is one of bitcoin’s biggest advocates, having previously said that the cryptocurrency has the power to “unite the world” and bring about world peace.

The Twitter boss, who also heads online payments firm Square, believes bitcoin also has the potential to become the “single currency” of the internet, which could take place as early as 2030.

You can read the full story 这里.

Twitter will let users send each other Bitcoin in crypto payments update

Twitter is also making NFTs more prominent on the platform, and adding more tools for moderation and creators

安东尼·卡斯伯森23 九月 2021 18:10
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Dogecoin price boosted by Robinhood and AMC news

Dogecoin has surged in price by 5 per cent over the last 24 小时, presumably boosted by hints from the CEO of movie theatre chain AMC that they will soon accept payments of the meme-inspired cryptocurrency.

AMC CEO Adam Aron noted that his dogecoin poll on Twitter was “by far” the highest read tweet he had ever posted, 超过 4 million views in just 24 小时.

The online trading app Robinhood, which has helped bring more investors to dogecoin, has also announce that it will soon begin testing crypto wallets to allow users to store their funds.

“Robinhood announcing wallets, AMC CEO not only talking about accepting dogecoin but saying it was the single most interacted with tweet he has ever made, the crypto market finally seeing some green,” tweeted dogecoin co-creator Billy Markus.

安东尼·卡斯伯森23 九月 2021 16:27
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‘Is $40k bitcoin the new $10k?’

After once again finding support at the $40,000 level, some analysts are asking whether this is the new base level for bitcoin’s price.

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, likens the latest rebound to the ones seen in 2020, when bitcoin was able to sustain its price above $10,000 after being tested through several sell-offs and crashes. It then was able to build from there and ultimately go on a record-breaking bull run that took it all the way above $64,000 in mid April this year.

The higher support level is bolstered by increased adoption combined with bitcoin’s limited supply, according to McGlone.

安东尼·卡斯伯森23 九月 2021 11:49
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Bitcoin scam alert

Bitcoin.org, an open-source project to support Bitcoin development, was just hacked with a “double your money” scam appearing on its homepage. Visitors to the site were greeted with a pop-up message with a QR code inviting users to send money to a bitcoin wallet, Coindesk reported.

The message said the funds would be “doubled and sent back.”

The website is currently unreachable.

The scam’s address has so far received more than $17,500 in transactions.

安东尼·卡斯伯森23 九月 2021 07:28
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比特币, as well as several other cryptocurrencies, including Ethereum, Solana, and Cardano, are showing signs of recovery from Monday’s flash crash which wiped out nearly $200 million from the crypto market. 以太坊 (eth), 卡尔达诺 (有), and Dogecoin (doge) have grown in price between 7 和 8 per cent in the last 24 小时, while Solana (sol) has risen in value by over 13 per cent in the last day.

The crypto market has grown in value by more than 6 per cent in the last 24 小时, and is currently valued at about $1.94 trillion.

While bitcoin has not recovered to its pre-Monday price of $47,000 yet, it has risen to close to $44,000 after dropping below $40,000 for the first time in six weeks on Wednesday.

Vishwam Sankaran23 九月 2021 03:56
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BREAKING: Dutch football giants PSV reveals it ‘HODLs bitcoin

One of the biggest football teams in the Netherlands has just revealed that it is holding bitcoin on its balance sheet.

PSV said that it has become the first major football club in the EU to have an entire sponsorship paid in bitcoin from its partner Anycoin Direct.

Rather than exchange the cryptocurrency into fiat, the Dutch club said it plans to “HODL” the bitcoin.

“The possibilities and the future that the world of cryptocurrency offers is very promising,” says Frans Janssen, PSV’s commercial director.

“As a club in the heart of the Brainport region, we are always innovating, cryptocurrency fits well into this picture.”

安东尼·卡斯伯森22 九月 2021 18:26