Bitcoin drops as China renews crackdown on cryptocurrency

Bitcoin drops as China renews crackdown on cryptocurrency: Bitcoin drops as China renews crackdown on cryptocurrency. Bitcoin fell to the lowest level in more than a month after a report that Chinese regulators are cracking down again on the cryptocurrency, targeting mobile apps and online platforms used for trading. South Korea’s government is also debating how to contain the mania in digital assets after raiding two exchanges last week. Losses were spreading to dozens of other cryptoassets, with ethereum declining 19% and ripple plummeting 29%, according to Coinmarketcap.com. Bitcoin dropped below $12,012.50 today, the lowest since Dec. 5, according to Coindesk prices. The Chinese government plans to block domestic access to local and offshore platforms that provide centralized trading, according to Bloomberg, citing unidentified sources. Officials are also targeting people who provide trading services like market making (providing bids and offers) and other market infrastructure, while smaller transactions between individuals may be permitted. China’s crackdown started last year. It began by banning initial coin offerings (ICOs), which meld aspects of crowd funding and virtual currencies. Then it targeted local exchanges, telling them to halt trading in digital assets. More recently, authorities have looked to discourage bitcoin mining.

Comments

Guzan Intercity Ent. – Review

Hi guys. Today I will do an honest review of the group (or company) called Guzan Intercity Ent. www.guzanintercityent.com Let us start by knowing who the company is and what they do. Guzan Intercity Enterprises is a marketing company located in the heart of Lagos – 5/7 Oduduwa Road, Liverpool Apapa, Lagos, Nigeria; serving as manufacturers' representatives, both local and international. They claim to be fully incorporated in Nigeria with the corporate affairs commission (CAC) since 2009. The vision as was depicted on their site (which was down as at the time of this report) was as follow: “Our motivation is our dream to enhance the life of an average salary earner in the civil service, by way of giving out commodities ranging from vehicle, building materials, general household electronics and sinking of borehole for interested but pensionable civil servants of various government ministries... Our services repayment plan, Payment After Service Delivery...

215,000+ Sign Petition Against South Korean Cryptocurrency Regulation – Government to Respond

215,000+ Sign Petition Against South Korean Cryptocurrency Regulation – Government to Respond : A national petition against extreme cryptocurrency regulations in South Korea has exceeded 200,000 signatures, the requirement for the government to respond. The petition entitled “Has the government ever dreamed a happy dream for the people?” was filed on December 28. Meanwhile, another related petition calls for the removal of the governor of the country’s Financial Supervisory Service. Government Will Respond The South Korean government announced a series of regulatory measures for cryptocurrencies in December. Immediately following the announcement on December 28, a national petition entitled “Has the government ever dreamed a happy dream for the people?” was filed and will run through January 27. According to the rules set by the Blue House, if more than 200,000 people sign a petition within a month, the government will respond within 30 days. On Tuesday, January 16, the number...

N-DELTA: New militant group emerges, demands sovereign state

President Muhammadu Buhari’s recent efforts to bring succour to the crisis ravaged oil rich Niger Delta region may witness yet another hindrance as a new militant group, Asawana Deadly Force of Niger Delta, ADFND, emerged, yesterday, in the region, threatening to cripple the oil industry across the nine Niger Delta states unless the Federal Government grants them, “Niger Delta Republic in the next couple of days.” The group in a statement by its leader, Commander Olomubini Kakarakokoro, a.k.a No Mercy, said that, “Except our demand for Niger Delta Republic is granted, without further notice to the Federal Government, we shall proceed to bomb Bonga field flow station, Asaba- Onistha Bridge, Third Mainland Bridge and other major bridges in the Southtern part of the country, just for a start. “The Federal Government should as a matter of urgency, withdraw all the military check points from the riverside areas of the Niger Delta, else we shall proceed to match against any baby milit...

Tell a Tale

Search This Blog