Bitcoin Price Analysis: BTC Losses Coincide with China’s New Policies

Bitcoin Price slow down after sinking 10 percent China introduces new privacy quashing blockchain rules Trading volumes steady but bearish Even though today’s losses are low, there is hope for traders as long as Bitcoin prices are oscillating above $3,700. Drops below this minor support line could trigger sells towards $3,220 or lower in the…

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BTC/USD Bitcoin Price Analysis: China’s support of BTC Very bullish

China is important. It is home to the largest Bitcoin mining companies and their citizens are fast adopters. Therefore, the recent court ruling is bullish and could fast-track Bitcoin loss reversal driving prices back above $7,000 in the process strengthening market confidence. So far, BTC/USD pair is stable and down one percent in the last…

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China’s Bitcoin Mining Dominance Threatens Network

China is, by some separation, the undisputed world pioneer in Bitcoin mining — with Chinese mining pools controlling over 70% of the bitcoin system’s aggregated hash rate, a higher hash rate is better when mining digital forms of money as it expands your possibility of finding the following block on the chain and accepting bitcoin….

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Ethereum Price Analysis: China’s Blockchain Assault Continue, ETH Hold Steady

Even though transacting over blockchain platforms is legal, fresh efforts by Chinese regulators and agencies to further bog down privacy is of great concern. Proposals by the Cyberspace Administration of China may be conflicting with laws. Even if they are still consulting with the public, its implementation might adversely affect price. On to the charts…

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Nebulas selected by China’s MIIT in Global Public Chain Evaluation

SAN FRANCISCO, June 19, 2018 – Last week, the CCID Blockchain Research Institute under the Ministry of Industry and Information Technology (MIIT) in China released the initial list blockchain projects included in its Global Public Chain Technology Evaluation. Nebulas is selected as one of the projects on the list. The Global Public Chain Technology Evaluation aims to provide an…

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China’s State-Run Newspaper Globaltimes Calls for Crypto Regulations

Regulations around cryptocurrencies are growing everywhere around the world. They can be more crypto-friendly or totally ban virtual currencies – as it happened in China. But it is not possible to discuss that there is not a clear trend towards regulations. This time, the Chinese government may be looking into a new way to control…

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