China Says it Has Closed all Crypto Exchanges – But Traders, Miners May Still Be Active
The Chinese central bank – the People’s Bank of China (PBoC) – says that all crypto exchanges and peer-to-peer (P2P) trading platforms have now been closed down on the Mainland. But it appears the authorities are still f...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The Chinese central bank – the People’s Bank of China (PBoC) – says that all crypto exchanges and peer-to-peer (P2P) trading platforms have now been closed down on the Mainland. But it appears the authorities are still fighting an ongoing struggle against crypto mining, with many advocates thought to have taken their operations underground....
Read More: China Says it Has Closed all Crypto Exchanges – But Traders, Miners May Still Be Active
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Bitcoin.com integrates USDU, the UAE’s first central bank-registered dollar stablecoin, into its wallet
The integration of USDU into Bitcoin.coms wallet could enhance stablecoin adoption, bridging regulatory compliance with consumer a...
Central banks should adopt nuanced strategy for bond holdings, says former Fed advisor Levin
Central banks' nuanced bond strategies could stabilize markets, preventing yield spikes and financial disruptions from rapid quant...
Ripple just scored two major institutional wins but XRP traders are bracing for a bigger move
On Aug. 18, Ripple deepened its push into traditional finance, securing a South Korean banking deal as its prime brokerage raised...
Bitcoin flashes 8 capitulation signals, but traders just spent $552 million protecting against another crash
Bitcoin is showing some of the strongest capitulation signals of the current downturn, suggesting the selloff may be entering a la...
Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed
Bitcoin ran from around $64,100 to nearly $70,000 within hours on Aug. 19, once the US Treasury unexpectedly doubled its planned b...
Bitcoin’s Q2 selloff split Wall Street as banks bought, hedge funds cut and sovereigns held
Bitcoin fell 14.2% in the second quarter, while institutional Bitcoin ETF holdings rose 7.5% over the same period, climbing from 4...