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    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

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    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

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    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

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    Rallies 10%, Polygon Bulls Aim Big

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    XRP Whales Accumulate Massive Tokens

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    Solana Rally Could Gather Pace above $30

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    Who Will Reach $1 First In 2023?

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    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

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    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

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    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

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    Add These 5 Cryptocurrencies To Your Red Envelope This Chinese New Year

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  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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Popular Chinese Crypto Websites Shuts Down Amid Beijing’s Zero Tolerance Policy

2021-11-17
in Altcoins
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Popular Chinese Crypto Websites Shuts Down Amid Beijing’s Zero Tolerance Policy
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Beijing’s no-tolerance coverage in opposition to cryptocurrency is again in full swing once more as two of the most well-liked crypto media shops in China ChainNews and Odaily have vanished from the web. ChainNews had earlier tweeted that its web site could be down for 10 hours as a consequence of upkeep on Monday, nonetheless, it remained inaccessible inside in addition to exterior mainland China till Wednesday.

Equally, Odaily is one other fashionable crypto information and schooling platform that has gone darkish up to now couple of days. This isn’t the primary time when crypto-related platforms have turn out to be inaccessible as a consequence of strain from Beijing. Earlier, In July Bishijie, or Coin World in English additionally terminated its companies in mainland China.

The primary main crypto crackdown in China got here in Might that resulted in a complete shutdown of mining operations within the nation as China’s Bitcoin mining share fell from over 60% to close zero. China later introduced a well-laid-out plan in September to crack down on all the things crypto-related. Many thought it was the strictest coverage in opposition to crypto up to now. Beijing additionally issued a warning in opposition to overseas crypto platforms providing their companies to mainland China, leading to a number of crypto exchanges together with Huobi, OKEx, and Binance severing any type of operation within the nation.

China Faces Third Wave of Crypto Crackdown

The extreme crackdown in Might and September made many consider that China has lastly managed to eradicate crypto fully, nonetheless, the current collection of actions suggests it’s going to be a steady course of. That is primarily as a result of it’s close to unimaginable to ban crypto as a consequence of its decentralized nature, and it was evident when from the surge in Defi actions post-ban on overseas crypto exchanges.

The Chinese language authorities lately arrested a senior authorities official discovered to be illegally mining Bitcoin and defying Beijing’s orders. This triggered the third and ongoing wave of crackdowns within the nation which many consider additionally resulted within the current crypto market correction.

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