Chinese Yuan Weakens to Yearly Low Point, Will it Strengthen Bitcoin? The national currency of China weakened beyond a critical level as political tensions with the US worsened. The yuan dropped…
Continue ReadingThe national currency of China weakened beyond a critical level as political tensions with the US worsened. The yuan dropped below 6.93 per dollar this week, within a striking range of…
Continue ReadingAlthough the Chinese government has hailed their crypto ban as successful, it appears that traders have found multiple ways to circumvent the ban despite tightening scrutiny on crypto by state…
Continue ReadingA man has been arrested in China for fraud over the sale of underpriced Bitcoin mining equipment and is awaiting prosecution. According to state media, the man made nearly 100…
Continue ReadingChina To Develop Centralized Crypto, Protects Yuan Against Non-State Digital Currency The People’s Bank of China (PBoC) will continue to apply strict measures on virtual currencies as part of its strategy for protecting and…
Continue ReadingAdvertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. China’s central bank is moving forward with plans to adopt a state-backed digital currency, but it…
Continue Reading