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BITCOIN PRICE: 7,754.39     HIGH: 7,858.00     LOW: 7,612.05

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BitBrum • November 19, 2017

  Cryptobates Group and Inspiring Co. are delighted to announce Birmingham’s inaugural BitBrum cryptocurrency and blockchain conference to be held…

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Tag: China

How Chinese Bitcoin Exchanges Reinvent themselves after the Shutdown of Bitcoin Trading in China

Category: Bitcoin, Business, Commentary, News

How Chinese Bitcoin Exchanges Reinvent themselves after the Shutdown of Bitcoin Trading in China

With the beginning of November comes the end of an era in China: bitcoin trading on exchanges is officially prohibited, as exchanges had to shut down their trading platforms. In September the Chinese Central Bank, the People’s Bank of China (PBOC), announced that exchanges have to shut down the trade of virtual currencies against Chinese Yuan (CNY). After most exchanges…

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TokenDesk’s Gintaras Tamosiunas: “China Bans, I Make Plans”

Category: ICO News

TokenDesk’s Gintaras Tamosiunas: “China Bans, I Make Plans”

In the beginning of September, the Chinese national central bank banned all initial coin offerings. According to Xinhua news agency, over $400 million was raised in coin sales this year so far. This made officials a bit cautious as Chinese risk averse approach to capital management and distribution has long been their strategic preference. To comment on the topic we…

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Bitcoin Exchange Executives in China Reportedly Disallowed From Leaving Country

Category: Bitcoin, News, Regulation

Bitcoin Exchange Executives in China Reportedly Disallowed From Leaving Country

Recent reports from local news publications including Beijing News revealed that the Chinese government had disallowed cryptocurrency exchange executives from leaving the country until its investigations come to an end. The translation of the original report read: “A number of informed sources say the executives of special currency trading platforms are not allowed to leave Beijing to cooperate with the…

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Cryptocurrency Closure in China Marks Digitization of the Economy

Category: Bitcoin, Commentary, News

Cryptocurrency Closure in China Marks Digitization of the Economy

In a recent interview, associate professor at the Finance Academy of Social Sciences Institute of China, Zhou Ziheng, discussed China’s tough regulatory attitude, the digitization of the economy, and the two great forces of any economy; the public and the private. Cryptocurrency in Limbo Ziheng spoke with associates of Chinese press 8btc.com in regards to the recent market closure on…

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BTCChina Announces Exit from China’s Bitcoin Exchange Market

Category: Bitcoin, News

BTCChina Announces Exit from China’s Bitcoin Exchange Market

One of the largest exchanges in China is voluntarily closing its operations. BTCChina announced on September 14 that it will stop all trading on September 30 as regulators are reportedly planning to stop fiat to bitcoin trades in the country. BTC-USD has suffered another sharp drop, hitting a fresh low at $3426.92, with the price regaining the $3500 handle at…

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Crypto Market Retracts as Chinese Regulatory Uncertainty Troubles Investors: BTCManager’s Week in Review September 11

Category: News Digest

Crypto Market Retracts as Chinese Regulatory Uncertainty Troubles Investors: BTCManager’s Week in Review September 11

In the past week, the price of bitcoin retracted as news out of China emerged that claims that Chinese lawmakers may ban cryptocurrency exchanges in the same way they put a seemingly temporary ban on initial coin offerings. According to Chinese news outlet Caixin, it is “the end of the virtual currency exchange era.” While cryptocurrency itself is not being…

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What’s “All of the Fuss” About China’s ICO Ban?

Category: Commentary, News, Regulation

What’s “All of the Fuss” About China’s ICO Ban?

The explosive growth of Initial Coin Offerings (ICOs) have been one of the hottest news stories of 2017. These asset instruments allow organizations to raise investment capital through the sale of homegrown cryptocurrencies, that can be traded for cash or other forms of digital currency. The September 4 announcement, however, of an ICO ban in China caused a momentary global…

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Bitcoin Price Falls on Chinese Whispers

Category: Bitcoin, News

Bitcoin Price Falls on Chinese Whispers

Bitcoin suffered a steep drop on September 8, as rumors circulated that Bitcoin exchanges in China were to be banned. The event and reactions somewhat mirror the ICO ban on September 4, with crypto markets in the red. BTC-USD fell from the September 8 high of $4679.97 to a fresh low of $4227.64 on the Bitstamp exchange, breaking out of…

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China Shocks Cryptocurrency Market By Banning ICOs

Category: Altcoins, Finance, News, Regulation

China Shocks Cryptocurrency Market By Banning ICOs

On the morning of September 4, cryptocurrency markets were rattled by news coming out of China that regulators have announced a ban of future initial coin offerings (ICOs) in the People’s Republic. According to local news outlet Caixin, a working committee tasked with overseeing the country’s digital financial sector has stated that new projects are banned from raising funds through…

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How NEO Became the Sixth Largest Cryptocurrency With $2 Billion Market Cap

Category: Altcoins, Blockchain, News

How NEO Became the Sixth Largest Cryptocurrency With $2 Billion Market Cap

Since the beginning of August, NEO has demonstrated a rapid increase in value, quickly becoming the sixth largest cryptocurrency in the market, with a $2.3 billion market cap as well as entering the top five of CoinGecko’s rankings. Still, the vast majority of traders and investors within the cryptocurrency market are still unfamiliar with NEO and its history. NEO first…

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