Chinese exchanges have announced the immediate halt of Bitcoin and Litecoin withdrawals with RMB withdrawals unaffected.Over a month ago, speculation abounded on whether China was developing its very own cryptocurrency to essentially digitize RMB.I think the argument can be made that China is the most important country in cryptocurrencies as a whole.So, it will be safe to say the development philosophy of the Neo will maintain a semi centralized philosophy as well.
CHBTC Users Struggle to Withdraw Cryptocurrency and
KICKICO, the Russian cryptocurrency company, announced in a blog post Wednesday (Sept. 6) that it has inked a strategic alliance with Metaverse Foundation of China.For years, Chinese exchanges have been dominant players in the Bitcoin market, with RMB exchanges capturing up to 98% of global trade volume in 2016.
Chinese Exchanges ban update: 3 planning to closeIt is no secret that mining pools in China have had dominant control over the hash rate on the bitcoin network.There is no exchange not complying with Chinese regulations as far as we know, other than those involved in cryptocurrency ICO services.
Bitcoin Dips after China's Cryptocurrency CrackdownIn the last week, rumors had been swirling that Chinese regulators would shut down Bitcoin exchanges, and today, several cryptocurrency exchanges.In early January 2017, the PBoC carried on-site inspections at the three largest Chinese cryptocurrency exchanges: OKCoin, Huobi and BTCC.
Dash-Forked Cryptocurrency SibCoin Enters Chinese MarketCryptocurrency markets have shown signs of stability and renewed growth after a rough month of bad news coming out of China.
Cryptocurrency is mostly. majorly due to the speculations and fake news spreading in media that Chinese authorities are going to ban Bitcoin.In the cryptoworld, the two market leaders ethereum and bitcoin are divergent in these philosophies.Jihan Wu, also voiced this criticism of the design by committee approach.Chinese cryptocurrency exchanges saw a significant drop in Bitcoin trading volume and local prices due to a regulatory halt on withdrawals.Reuters India 3 days ago - Technology Beijing crypto-currency exchanges told to announce trading stop by Friday: Securities Times SHANGHAI (Reuters) - Chinese authorities have ordered Beijing-based crypto-currency exchanges to cease trading and to tell users by Friday about when trading.But there is one key take away that I would like readers to focus on.
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy.It is good to see the Chinese exchanges generate a fair amount of trading volume again.