$BTC appears to be stabilizing after the 12% break on Thursday. I am willing to dip by toes back in the water https://twitter.com/PeterLBrandt/status/1134522878093864961
Apparently several analysts who predicted what would happen in 2017 are again predicting a rise to a little more than 9k, reaching 10k. But stability in this band for a long time. That is, it is quite probable that to buy in a fall can be profitable, even if it loses a small value momentarily. |
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https://myalice.trade é uma plataforma que envia sinais para usuários que pagam uma mensalidade. Cada usuário decide se executará a ordem. Além desse serviço, existe uma especie de plano pro que seria uma opção extreme onde a plataforma executaria as ordens diretamente. Ou seja, um Bot onde o usuário apenas deposita o BTC. Óbvio que não é apenas o computador fazendo tudo. Existe ao que parece uma equipe que estudava o mercado e ajudava a traçar estratégias ou algo do tipo. Infelizmente eu nunca me interessei muito por essa empresa, e nunca investi nada nela pois não confio no dono. Então não sei muito bem como tudo funcionava. Mas me parece uma alternativa bem pior a oferecida pela ANubis ou pelo GunBot Diego Vellasco é o idealizador do projeto e CEO. Aqui no forum o nick dele é Dick Roman. Ele já tentou emplacar diversos projetos na comunidade e isso é bem legal. Mas a maioria dos projetos sempre me pareceu uma cópia de outros já existentes... Além disso ele tem uma condenação criminal e já passou um tempo na cadeia. Então prefiro evitar projetos que ele participe. Mesmo achando que ele cumpre um papel importante na comunidade. Sobre a crise na plataforma, parece que a algum tempo ela vinha utilizando o "Caixa" para manter as operações e esse "caixa" enfim secou. Quem busca operar no limite, EXTREME, corre o risco de perder tudo...Diante das dificuldades, decidiram vender a empresa para algumas pessoas que ainda não são muito conhecidas. Brasileiro Diego Vellasco deixa plataforma MyAlice para fundar a VL CapitalSegundo Vellasco, a venda ocorreu por conta de projetos pessoais.
“Como a plataforma vinha ‘rodando’ perfeitinha e crescendo a cada dia tivemos tempo de nos dedicar a outras iniciativas e então surgiu a oportunidade de negociação com um investidor que não posso revelar o nome. A proposta foi interessante e cada um dos sócios resolveu negociar sua parte. Somos movidos a desafios e com o MyAlice provamos que o Brasil tem um time sério de desenvolvedores e pessoas que querem impulsionar a adoção do Bitcoin e das criptomoedas por isso neste novo projeto o desejo é ampliar ainda mais este foco para que o mercado cresça como um todo”, destacou.
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Bitcoin Blender is shutting down. Please withdraw.
https://bitcointalk.org/index.php?topic=436467bitblender.io é um mixer que funcionou por 5 anos e era focado na Dark Net e no Tor. Começou em 2014. Parece que as autoridades estão cercando os mixers. Acho que o melhor no momento é evita-los. |
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Security Research Labs: Many Ethereum nodes running popular clients like Parity and Geth take months to apply security patches, which may leave the network vulnerable to 51% attacks https://srlabs.de/bites/blockchain_patch_gap/SRLabs research suggests that security vulnerabilities remain unpatched for many Ethereum blockchain participants for extended periods of time, putting the blockchain ecosystem at risk. Crypto currencies provide a popular alternative to centralized payment systems, and promise transactions between mutually anonymous parties, often called “trustless” transactions. More specifically, blockchain participants rely on a majority of participants taking rational actions, rather than having to rely on a single banking institution or government. However, the required rational actions seem to extend beyond what many blockchain users are willing to do. In particular, we found early evidence that blockchain participants do not sufficiently patch and hence carry known vulnerabilities. A month after its release, a critical security patch has not reached a third of Parity Ethereum nodes. Ethereum is a cryptocurrency realized through a peer-to-peer network. With a market capitalization in excess of USD 19 billion, Ethereum is a highly attractive target for hackers. Each participant needs a software client to access the Ethereum network: The most common choices are Parity-Ethereum (Parity) and Go-Ethereum (Geth). Ethereum relies on high availability to prevent double spending. A hacker who controls more than 51% of the computational power in the network can double spend coins, enriching the hacker and undermining the trust in the ecosystem. If a hacker can crash a large number of nodes, controlling 51% of the network becomes easier. Hence, software crashes are a serious security concern for blockchain nodes (unlike in other pieces of software where the hacker does not usually benefit from a crash). For that reason, denial of service vulnerabilities have a particularly high severity in cryptocurrency networks; they can be used to massively reduce the amount of computational power needed to perform a 51% attack and double-spend. Ethereum has to rely on the node software to be very hard to crash remotely. However, creating perfect software is near impossible and bugs that allow for remote crashes appear from time to time in blockchain clients. Unpatched Parity Ethereum nodes can be remotely crashed. In February 2019, we reported a vulnerability in the Parity Ethereum client that could be used to remotely crash any Parity Ethereum node prior to version 2.2.10. The crash is caused by an integer overflow during chain synchronization between two nodes, which can be remotely triggered. Since every node accepts such connection requests to stay synchronized with the main network, the vulnerability allows an attacker to crash any unpatched Parity node active in the Ethereum network.
This is quite serious. In early versions of Bitcoin there was a kind of alert, which could be emitted by satoshi. Today, all blockchain are extremely dependent on scattered information. And many do not download the latest updated version. |
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https://a16z.com/2019/05/15/kik-and-the-sec-whats-going-on-and-what-does-it-mean-for-crypto/The Kik case is an early illustration of interesting questions playing out in the cryptocurrency space, and we’ll find out soon what the SEC’s position is. One of the most common misperceptions I hear is that “the SEC is going to put them in an orange jumpsuit”. That’s incorrect, because the SEC can only bring civil cases. But they can refer matters to the Justice Department, and sometimes the two agencies will bring parallel cases (like Theranos). However, this is rare because criminal cases require criminal intent, and are subject to the higher burden of “proof beyond a reasonable doubt”. The SEC need only demonstrate “preponderance of the evidence”, which simply means there’s a greater than 50% chance that the SEC’s claims are true. All this isn’t meant to scare anyone off from building interesting things! It’s simply meant to give entrepreneurs some insight into the SEC’s process. So besides watching how this particular case plays out, what can you do? If this does go to court, expect to see a variety of projects, foundations, non-profits, and academics get involved by filing amicus briefs. An “amicus” is someone who is not a party to the case but has a strong interest in the subject matter. Such briefs have become common, particularly in an important case in raising novel issues, and a good set of amicus briefs can be extremely persuasive to judges. But beyond watching this case, the best mindset for navigating uncertain regulations is to consider how will things look after the fact? You’ll always want to be able to demonstrate your good faith, common sense judgment, and reasonableness. The cases where people are able to do so are highly unlikely to be the best (or winning) vehicles for the government, so everything should be viewed through that lens.
The SEC's decision will define many important things about the future of the market. It is important that the rules become clearer
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https://techcrunch.com/2019/05/08/facebook-blockchain-ad-ban/Facebook still won’t let you advertise for ICOs or binaries, and ads for cryptocurrencies and exchanges need prior approval. But a year after banning all blockchain-related ads, it’s reopening to ones for “blockchain technology, industry news, education or events related to cryptocurrency” without the need for pre-approval. The change could be a boon to an industry struggling for mainstream attention in the wake of the 2018 cryptocurrency price collapse that soured much of the public on the financial technology. Blockchain events were especially hit hard since Facebook’s local and interest targeting capabilities made it ideal for selling tickets to potential attendees. Facebook’s goal was to prevent users from getting scammed by Initial Coin Offerings and other cryptocurrency deals where providers had little to no accountability. In January 2018 at the height of the crypto craze, it blocked all blockchain related ads. In June 2018 it began allowing some if they received pre-approval. When Facebook users get scammed, they don’t just blame the scammer but the social network too. Facebook initially cast a wide net in its ban to prevent this. Users began seeing ads for blockchain education yesterday. Additionally, beginning June 5th, Facebook will ban ads for “promoting contracts for difference (CFDs), complex financial products that are often associated with predatory behavior. These products, due to their complexity, often mislead people.” The news comes as more info on Facebook’s own blockchain group trickles out. Bloomberg’s Julie Verhage reports it now has more than 50 employees, one-fifth hailing from PayPal, where Facebook Blockchain’s head David Marcus was formerly president. They’re working on a stablecoin, potentially pegged to a bundle of currencies Facebook is trying to raise from outside investors in order to keep its cryptocurrency’s price stable. Facebook’s stablecoin could allow zero-fee remittance to friends or family across borders or payments to merchants without traditional credit card processing fees, as we predicted last year. To that end, hiring PayPal talent makes sense. They already built a nearly ubiquitous checkout option for e-commerce. But because they act as a middleman for the money and assume some risk of fraud, PayPal charges fees on insured payments to merchants. Facebook could undercut those fees by using blockchain technology to instantly transfer value between accounts.
Gradually, the winds are all changing in relation to Bitcoin and cryptocurrencies. The possibility of a bull run is more and more real.
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https://www.wsj.com/articles/bitfinex-used-tether-reserves-to-mask-missing-850-million-probe-finds-11556227031A cryptocurrency exchange that claims real dollars back its popular digital coin Tether raided those reserves to cover up $850 million that went missing, the New York Attorney General’s office said Thursday. State Attorney General Letitia James said Hong Kong-based iFinex Inc., which operates the Bitfinex cryptocurrency exchange and owns Tether Ltd., has been commingling client and corporate funds to cover up the missing funds, which occurred in mid-2018 and hadn’t been disclosed publicly. ... Fuck. When everything seemed to be getting better. Tether is always a ghost under the bed...
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https://decryptmedia.com/6643/confessions-of-a-white-paper-writer" Creative writing“Most time, there are cases of funding budget padding,” said Adefemi Yusuff Adegoke, a prolific writer. “A project that can be executed with $180k funding budget can be padded up to $450k. And they won’t report the total amount realized during ICO.” “Most of the fraud are in the miscellaneous part of the budget,” he added. “Those ones go directly into the pockets of the CEO and CTO.”
Interesting article about what happens in the construction of the white papers and all that fraudulent industry that was created with the ICO. Many of them with no function or purpose.
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It started with selling beer, but age verification could crack open a whole industry to cryptocurrency. CoinDesk previously reported on the demonstration of Civic’s beer-selling machinery at this year’s South by Southwest (SXSW). Now the company is announcing partnerships with 12 major automated retail companies – AAEON, AR Systems, Fastcorp Vending, Global Vending Group, greenbox Robotics, Invenda, IVM, IVS, Retail Automated Concepts, SandenVendo, The-Venders and Wemp – to bring similar technology to the masses. “Vending machines represent an introduction to the mass market, where people can see how digital identity functions in the real world, as well as opening up an entirely new market for automated retail,” CEO Vinny Lingham said in a statement. The 12 partners control more than a million internet-connected vending machines, according to Civic. The identity startup expects the technology to be used in 1,000 machines by the end of 2019. For users, verification will rely on document scans (of a driver’s license, in most cases) to confirm age and identity as the rollout takes place. Civic’s demo at SXSW had previously used “knowledge-based authentication,” that is, a series of questions only one person would be likely to correctly answer. This form will continue to be an option for vendors who prefer it, according to a spokesperson. Stablecoin solution Lingham told CoinDesk the company expects to use Gemini’s GUSD in the Civic Pay app (and perhaps others, later). Stablecoins don’t have the volatility of other cryptocurrencies (such as Civic’s own CVC token), so when customers buy something through the Civic Pay app, they will most likely use GUSD (purchased through Civic) to pay for it. Participating merchants will receive the stablecoin and a much lower transaction fee. “For non-age-gated products, the vending machine industry is dying for a cheaper, faster transaction,” Lingham told CoinDesk. “They can save 80–90 percent on transaction fees.” For its part, Civic may still pay credit card fees but it faces a lower chargeback risk because the app has already verified the identity of the user. “Our risks are substantially lower than a vendor taking a credit card transaction,” Lingham said. Civic declined to disclose a timeline for stablecoin deployment on the app. Beyond beer Tobacco, alcohol and hemp-related products will establish Civic’s beachhead in the automated retail sector, Lingham told CoinDesk. Beyond that, the advantages of using Civic Pay to dodge transaction fees could push the app into other categories. However, Lingham also highlighted another area that the company hopes to move into: pharmaceuticals. While not necessarily age-gated, there are a variety of products that many users need frequently (for example, asthma medication, insulin or prescription antihistamines) that require identity verification. Today, this is done by visiting a pharmacy counter, but Lingham says Civic is in talks to bring its technology to this vertical, though the timeline is much further out. “This is where it’s going. It’s not there yet,” Lingham said. Civic will be demoing its application at the National Automated Merchandising Association’s NAMA Show in Las Vegas from April 24–26. “The vending machine market is flourishing and being the first to adopt industry-changing technology is critical to providing the best user experience,” Mike Weiser, SandenVendo’s CEO and president, said in a statement. According to the company, it controls over 800,000 machines. coindeskYou Can Pre-Order This $15,000 Crypto-Powered Beer Vending Machine
I still can not fully understand the investment in civic as token. But it seems that they can turn into a great company offering these simple and quick solutions. |
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qz.com American bitcoin trader and his girlfriend may face death penalty over Thailand 'sea home' Elwar here in bitcointalk his girlfriend Instagram his facebook A pirate’s life ain’t all that it’s cracked up to be: A bitcoin couple is sought by Thai authorities after trying to make a lawless, tax-free home on the sea outside Phuket island. If convicted, the duo face a potential death penalty for violating Thailand’s sovereignty. SEASTEADING/YOUTUBE Waterfront views But Chad Elwartowski, a US citizen, and his Thai girlfriend, Supranee “Nadia Summergirl” Thepdet, had already fled the offshore cabin by the time Thai navy personnel arrived at it today (April 20). “I was free for a moment. Probably the freest person in the world,” Elwartowski posted later on Facebook. The duo said the cabin, built by an outfit called Ocean Builders, was floating in international waters and therefore without jurisdiction. Thailand, however, said the structure threatened its sovereignty and plans to tow it to shore. It also revoked Elwartowski’s visa. The cabin was situated within Thailand’s exclusive economic zone (EEZ), but not its territorial sea. (Here’s the location on Google Maps.) Under the United Nations Convention on the Law of the Sea (pdf), to which Thailand is a party, an EEZ extends 200 nautical miles from a nation’s coastline. Within it, a state has exclusive rights to natural resources such as fish and oil but does not have full sovereignty. It does have the latter within its territorial waters, which extend out 12 nautical miles from the shore. 
First seastead is now in international waters. Only currencies accepted..฿ & BTCThe “freest person in the world” faces a possible death penalty in Thailand A pirate’s life ain’t all that it’s cracked up to be: A bitcoin couple is sought by Thai authorities after trying to make a lawless, tax-free home on the sea outside Phuket island. If convicted, the duo face a potential death penalty for violating Thailand’s sovereignty. SEASTEADING/YOUTUBE Waterfront views But Chad Elwartowski, a US citizen, and his Thai girlfriend, Supranee “Nadia Summergirl” Thepdet, had already fled the offshore cabin by the time Thai navy personnel arrived at it today (April 20). “I was free for a moment. Probably the freest person in the world,” Elwartowski posted later on Facebook. The duo said the cabin, built by an outfit called Ocean Builders, was floating in international waters and therefore without jurisdiction. Thailand, however, said the structure threatened its sovereignty and plans to tow it to shore. It also revoked Elwartowski’s visa. The cabin was situated within Thailand’s exclusive economic zone (EEZ), but not its territorial sea. (Here’s the location on Google Maps.) Under the United Nations Convention on the Law of the Sea (pdf), to which Thailand is a party, an EEZ extends 200 nautical miles from a nation’s coastline. Within it, a state has exclusive rights to natural resources such as fish and oil but does not have full sovereignty. It does have the latter within its territorial waters, which extend out 12 nautical miles from the shore.
First seastead is now in international waters. Only currencies accepted..฿ & BTC Couple Uses Bitcoin Wealth to Build World’s First Seastead
The Thai government was extremely authoritarian. Unfortunately, the first seastead did not work very well. But I hope this legal issue is resolved and he can continue with his dream.
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g1 Chad Elwartowski e a namorada Supranee Thepdet passaram a se esconder, após a estrutura de metal que fizeram no meio do mar ter sido descoberta. A plataforma, em que ambos viveram, ocupa cerca de 20 metros quadrados e foi erguida a cerca de 19 quilômetros da costa de Phuket, uma ilha tailandesa a oeste do território nacional. Elwartowski insiste que, por se localizar a essa distância da costa, a casa está fora da jurisdição da Tailândia. Mas a Marinha tailandesa discorda e argumenta que o imóvel foi construído sem a devida permissão. O coronel da polícia Nikorn Somsuk disse à agência AFP que a Marinha vai se reunir com autoridades locais "para analisar que medidas vai tomar". Se o casal for considerado culpado, poderá enfrentar desde prisão perpétua até pena de morte.
Ele é o usuário Elwar aqui no forum. [ur=https://www.instagram.com/bitcoingirlthailand/?utm_source=ig_embed]Instagram da namorada dele[/url] facebook dele[url]
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https://brave.com/brave-rewards-now-on-android/Brave Rewards now in Brave Android App Brave Rewards is now available in the latest version of Brave for Android (1.0.91). To download it on your device, please visit the Google Play Store. Brave Rewards is the new way to help fund content on the Web while blocking invasive ads and trackers: Users who wish to participate simply activate Brave Rewards by clicking on the BAT logo in the URL bar The Brave Rewards wallet uses Basic Attention Tokens (BAT), which can currently be freely received from occasional Brave user grants, and will later be granted via Brave Ads Users can reward their favorite content creators (publishers, YouTube channels, and soon Twitch streamers) with BAT; there are currently nearly 50,000 verified creators in the Brave Publisher program, ready to have BAT donations from Brave Rewards deposited into their Uphold accounts Users choose the monthly amount that works for them, and can even reward favorite creators with single tips Donations are automatically distributed based on how much time is spent on each site, and are always anonymous so that users can’t be identified based on the sites they visit As always, Brave browsing history is kept private Soon, Brave Rewards will feature Brave Ads, and users who opt into viewing those ads will receive BAT for their attention, which they can in turn distribute to creators or later exchange for real-world rewards To celebrate this new release, Brave will be allocating 100,000 BAT grants (each grant is the BAT equivalent of approximately $5) to our Android users. Grants can be received by clicking on the “accept” button in Brave Rewards. We’d like to thank all the users who provided feedback for our beta version over the past month, and look forward to welcoming new users to Brave Rewards. Please visit our Support Community with any questions or suggestions.
I'm going to install the app. I do not use the desktop because I got used to the chrome and I did not find the brave good enough. But the mobile seems to offer everything I need.
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CoindeskBig Four professional services firm EY is rolling out free software designed to help corporate clients use the ethereum blockchain – and it’s taken an unusual step to encourage adoption. Announced Tuesday, EY’s protocol, internally code-named Nightfall, has been developed over the last year by the consulting firm’s team of over 200 blockchain developers and will be published in May. The protocol was created for such use cases as supply chains, food tracing, transactions between branches of a company and public finance. Like other enterprise blockchain platforms, Nightfall takes advantage of a technology called zero-knowledge proofs to allow private transactions on a shared ledger. But unlike most such endeavors, EY’s software is intended to run on top of the public ethereum network, not a private variant. Further setting the project apart is the unusual approach EY is taking to intellectual property. The firm said it will not merely open-source the code – that is, release it with a permissive copyright license – but put it in the public domain, with no license at all. “We want to maximize adoption and community involvement, we want people to adopt it, and adapt it, and improve it. If we retain ownership, people may not invest that much time and energy in something they might not control,” EY’s global innovation leader for blockchain, Paul Brody, explained at a press briefing. “The cleanest way to make everybody use it is just to give it away with no strings attached.” Nevertheless, Brody suggested this was a difficult decision, telling reporters: “A year of coding work. This is a million dollars worth of stuff we’re giving away.”
Audit processes will certainly be revolutionized by greater use of blockchain. It will completely change the idea of how a company is audited, its expenses and its earnings. And it is quite likely that public, open source, and mainly decentralized blockchains will offer much greater advantages than closed blockchain attempts.
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Techcrunch“On 15 June 2019, we will discontinue P2P services on Messenger or through Facebook messages for all residents in the UK and France,” the company noted in a short statement on its main help page for the payments service. “While you won’t be able to exchange money with friends and family, you’ll still be able to complete other transactions through Facebook, such as making donations to charitable organisations.” ... Perhaps more interestingly, the company is reportedly working on a cryptocurrency that would allow for people on its messaging networks to send money to each other. If such a product really does get rolled out, it may be that Facebook would use that to become its primary P2P payment mechanism.
At some point these companies will realize that it is economically much more viable to support an open source technology for money transfer than to create something centralized.
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Pra quem não sabe, IEO é um ICO que é gerenciado do começo ao fim por uma exchange. ICO, acho que a maioria já conhece, é uma maneira de um projeto se auto-financiar. Um desenvolvedor oferece tokens ou moeda para investidores, recebendo alguma cryptomoeda com liquidez que possa ser usada para financiar o trabalho de desenvolvimento do projeto. Em geral, você mandava Bitcoin ou Ethereum utilizando um smart contract e depois recebia um token. Uma das maiores até hoje foi a EOS que arrecadou Bilhões e durou mais de 1 ano. O problema é que muitos destes ICO continham poucas informações. Tinham muitos scams, muitos desenvolvedores corriam com o dinheiro arrecadado. Alguns projetos eram apenas cópias de outros, sem nenhuma inovação. Era um faroeste confuso onde muitos perdiam dinheiro. As exchanges perceberam que havia ai uma oportunidade de ganhar dinheiro oferecendo um pouco mais de segurança, organização e abertura para um publico maior. Sendo assim, criaram o IEO. A exchange verifica a qualidade do projeto, presta consultoria financeira para encontrar um bom preço e oferece toda tecnologia para o processo de venda. A maioria das exchanges já estão oferecendo: Binance ; Bittrex ; Kucoin ; Huobi Acho que isso tem um grande potencial de oferecer um novo boom no mercado. E muitos bons projetos surgirem. Ainda não entrei em nenhum IEO, mas pretendo. Nesse site tem uma lista de alguns dos próximos projetos: https://icobench.com/ieo
Alguns bons artigos sobre : https://hackernoon.com/how-to-launch-your-ieo-guide-for-projects-list-of-exchanges-dcebca23bcachttps://hackernoon.com/what-is-ieo-initial-exchange-offering-is-this-the-new-phenomenon-in-crypto-capital-64fdd60a6e7a |
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https://blog.mozilla.org/futurereleases/2019/04/09/protections-against-fingerprinting-and-cryptocurrency-mining-available-in-firefox-nightly-and-beta/Last year, we told you about adapting our approach to anti-tracking given the added importance of keeping people’s information on the web private in today’s climate. We talked about blocking tracking while also offering a clear set of controls to give our users more choice over what information they share with sites. One of the three key initiatives we listed was mitigating harmful practices like fingerprinting and cryptomining. We have added a feature to block fingerprinting and cryptomining in Firefox Nightly as an option for users to turn on.
It seems to be just a blacklist. It's an important first step to putting the user first, but unfortunately, it seems to me something easily skewed. I can move the topic if it is not the correct section
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coindeskPayments startup Square plans to hire a number of engineers and a designer to work on its crypto initiatives, according to tweets from CEO Jack Dorsey. Dorsey, who also founded and runs Twitter, announced Wednesday evening that Square plans to hire three or four engineers and one designer “to work full-time on open source contributions to the bitcoin/crypto ecosystem.” A Square spokesman said there was no additional information to share beyond the tweets. Perhaps more notably, these new hires have the option of being paid in bitcoin, Dorsey said. All work will be open source, and according to Dorsey, the new hires will not be focusing on Square’s own commercial interests, but rather, “on what’s best for the crypto community.” Dorsey has long been a proponent of bitcoin, repeatedly saying he hopes that bitcoin will become the internet’s – and the world’s – single native currency in the far future. In Wednesday’s tweet thread, Dorsey added that improving the crypto ecosystem seems to be “the most impactful thing” Square can do for the community, going on to say: “Square has taken a lot from the open source community to get us here. We haven’t given enough back. This is a small way to give back, and one that’s aligned with our broader interests: a more accessible global financial system for the internet.”
Jack Dorsey is becoming one of the biggest proponents of BItcoin among the big companies in Silicon Valley.
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https://news.8btc.com/chinese-investors-return-to-bitcoin-with-yuan-being-second-entry-fiat-currency The cryptocurrency market has seen a surge of capital in Chinese yuan (CNY) inflow, making the currency in the top entry fiat currencies close behind U.S. dollar in the past 24 hours. Data from Coinlib shows that $161.7 million worth of Chinese yuan pour into the bitcoin market, followed by $74 million into Ethereum and nearly $20 million into Stellar. A total of $255 million worth of CNY-crypto pairs in the past 24 hours has make CNY the second entry fiat currency into crypto economy after the U.S. dollar.
Unfortunately, it is very difficult to understand the legislation and intentions of the Chinese government. But it may be that the Chinese population is safer to invest in Bitcoin through p2p.
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