Tagbitcoin china

Cryptocurrency Mining Farms In China Shut Down For 'Strict' Tax Inspections

Bitcoin price china Cryptocurrency

Cryptocurrency mining operations in the Chinese provinces of Xinjiang and Guizhou were suspended so the government could conduct "very strict" tax inspections and real-name registration checks. Power to the mining farms was shut off on November 5, sources told local daily Cong News. As a result, the mines lost about 1 million yuan (or roughly $143,700) a day during the period of "rectification."...

Bitcoin Price Hits All-Time High, Arbitrage & Market Instability Recovering

Bitcoin price China

Bitcoin price surpassed its previous all-time high price established at $1,277 and peaked at $1,377 on leading bitcoin exchanges such as Bitstamp. Yet, some experts and analysts stated that the bitcoin market was demonstrating instability due to incredibly large arbitrage opportunities in the US and China. As revealed by several bitcoin market data providers, the US and Chinese markets, the...

US Dollar's Worst Start in 3 Decades, Impact on Bitcoin Price

Even before the inauguration of President Donald Trump, the value of the US dollar continuously declined due to several remarks made by the President. Whilst speaking to the media including the Wall Street Journal, Trump stated that the strong performance of the US dollar is restricting international trades and thus negatively affecting the US economy. Upon the release of Trump’s interview with...

Coinbase VP: Bitcoin is Demonstrating Signs of a Currency

Bitcoin is demonstrating various signs of a currency including decreasing volatility and rising merchant adoption, says popular bitcoin trading and wallet platform Coinbase Vice President Adam White. During an interview with CNBC in regards to the recent price plunge of bitcoin, White stated that it was essentially a reaffirmation of the Chinese government’s announcement in 2013. Bitcoin...

Massive Bitcoin Buys in Asia

Reports of massive Bitcoin Buyback in China circulating gain credibility shows large buy orders originating from asia
— COINSPRINT (@coinsprint) January 14, 2014
 
 
This is the view from fiatleak.com showing a flurry of bitcoin buys in China:

Here is an update one hour later:

Bitcoin Free From Government Interference in Singapore

Good news from the Monetary Authority of Singapore (MAS), the country's largest central bank has chosen to not interfere with businesses who accept Bitcoin for goods and services. Though small in size, Singapore is one of the world's financial hotspots, mainly due to low taxes and relaxed private banking policies.  Singapore also has the highest population of millionaires. Nearly 1 in six...

BREAKING NEWS- Chinese Bitcoin Exchange Accepting Deposits

According to reddit user mkellerman: "It seems btc38.com has not been affected and is able to accept CNY deposits. I just successfully deposited 10CNY to my btc38 account using my Chinese credit card. The money appeared in my account within a minute. One bitcoin currently costs 3152CNY at btc38."Did btc38 not get the memo? Bitcoin is well off the lows trading at $614 on BTC-e.  Edit: It...

USA Will Lead China Bitcoin

You are what your liabilities say you are.  I had the privilege to meet with a very well respected economist yesterday, and he explained this undeniable fact.  You are what your liabilities say you are. What does this mean?  Let's take a look under the hood of a global giant, McDonald's.  A McDonald's franchise in Spain accepts Euros from customers and pays their supply chain, building costs and...