Bitcoin may have lost 20 percent in 24 hours, but markets and the industry are increasingly relieved that China’s influence may soon be over. As traders come to terms with the latest Chinese regulator-induced crash, which is seeing Bitcoin drop to new recent lows of $3,080, new hope is surfacing that the country’s ban on
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Over the past week, bitcoiners everywhere have been focused on the speculative news of China ‘banning’ bitcoin and wondering if the stories were true. According to recent reports from local media and the country’s National Internet Finance Association (NIFA), bitcoin is not ‘illegal,’ but exchanges may face tighter regulatory supervision and might have to cease
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14 September, Shanghai-BTCChina, the longest-standing Bitcoin exchange in the world, announced closure of trading by 30 Sep, 2017. Today Viabtc, the new Shenzhen-based exchange, released a notice on trading closure as well. The market are waiting for news from OKCoin and Huobi anxiously to confirm the de-Chinalization of Bitcoin. BTCChina was founded in 2011 and
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