Bitcoin Rallies to Surpass $10,000 Mark
Liu Xiao and Wu Yujian via Caixin | After a tumultuous year, the price of bitcoin surged past $10,000 on Wednesday morning Beijing time, growing more than tenfold from the beginning of the year.
cryptocurrencies
5 Things to Know About China’s Crackdown on Initial Coin Offerings
Liu Xiao via Caixin |Initial coin offering (ICO), an increasingly popular crowdfunding phenomenon in which new cryptocurrencies make their debut, continues to make headlines. But this time it’s about the swift and broad crackdown of the sector in China.
Bitcoin And Other Cryptocurrencies, Under Suspicion of A Bubble
The People’s Bank of China (PBoC) issued last week a statement banning ICOs, while also planning to shut down local cryptocurrency exchanges. In order to combat capital flight, money laundering and other fraudulent activities, Chinese authorities have decided to disallow trading between fiat currencies and digital currencies within China. This has led to prices of cryptocurrencies such as bitcoin sliding over the weekend.