[2021-07-06] Bitcoin Swings as China Regulators Punish Company Over Crypto Read

[maxtra]

Bitcoin fluctuated Tuesday after China’s central bank and a regulator in the capital city took action against a company that was allegedly providing cryptocurrency-related services. The largest cryptocurrency had risen as much as 3.7% to $35,094 before dropping back after the People’s Bank of China and Beijing’s local financial regulator ordered a company in the city to cancel it

Read more at: https://www.bloombergquint.com/crypto/bitcoin-swings-as-china-regulators-punish-company-over-crypto

[hv_]

And most be about tether / binance.

Even Nic Carter paddling back on CNBC

oohh yes regulation

Ransomware 'BAD' ! (but in the backyard: schnorr, segwit, LN - mixing, Taproot : 'decentralized' = hiding stuff into the prototcol , nobody responsible ...?)

https://www.youtube.com/watch?v=7hkZoRUmh5M

[cr1776]

Bitcoin fluctuated Tuesday after China’s central bank and a regulator in the capital city took action against a company that was allegedly providing cryptocurrency-related services. The largest cryptocurrency had risen as much as 3.7% to $35,094 before dropping back after the People’s Bank of China and Beijing’s local financial regulator ordered a company in the city to cancel it

Read more at: https://www.bloombergquint.com/crypto/bitcoin-swings-as-china-regulators-punish-company-over-crypto

Bitcoin fluctuates every day.  Since when is this news. The only time tradable assets don't "fluctuate" are when markets are closed and for bitcoin recently, that is never.

[Woodie]

A week later bitcoin comes out strong and breaks the $40,000 barrier, sending a clear message that these have lost their influence on crypto.
I don't think China's central bank and its regulators will have much of an impact now that miners have left and users in that country become more secretive about their crypto activities. And some one help me With this, is bitcoin banned in China?

[Lucius]

And some one help me With this, is bitcoin banned in China?

Since you regularly publish threads in the Press, it's really weird to ask such a question - because you should know the answer to that question. Bitcoin trading has been banned for years, and this has been mentioned in some articles concerning the recent crypto mining ban - sometimes it is wise to read what you publish, you can definitely learn something

https://www.investopedia.com/news/bitcoin-banned-china/