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Bitcoin Trending Lower in Lieu of China’s Crypto Crackdown

Bitcoin registered a series of lower price highs Friday, at one point shaving off $4,000 and meeting resistance at $41,000 following China’s renewed anti-crypto stance. The People’s Bank of China said bitcoin, ether and stablecoin tether do not qualify as legal tender and cannot be used in the currency market.

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Politiche

Ang Pinaka-Malubha ng Pinakabagong Crypto Ban ng China, Sabi ng mga Insider

Ang mga indibidwal na nakatira sa loob ng China ngunit nagtatrabaho para sa off-shore Crypto exchange ay maaaring sumailalim sa legal na pag-uusig.

People's Bank of China (Emmanuel Wong/Getty Images)

Video

Why China’s Crypto Crackdown Is ‘Not the End of Bitcoin At All’

The People’s Bank of China announced Friday virtual currency-related business activities are illegal, warning they seriously endanger the safety of its citizens’ assets. Bitcoin slipped below $42,000 after the news and is down about 3% over the past 24 hours.

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Video

Twitter to Add Bitcoin Lightning Tips, NFT Authentication

“The Hash” team discusses CEO Jack Dorsey’s continued infatuation with crypto as part of a larger push to monetize content creators and bring blockchain awareness to the mainstream. Twitter users on Apple’s iOS can now connect third-party tipping services to their profile, including the ability to link both Bitcoin and Lightning Network addresses.

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Politiche

Bakit Bino-botch ng El Salvador ang Eksperimento Nito sa Bitcoin

Ang mensahe ay dapat na BUIDL, hindi HODL.

(Rachel Sun/CoinDesk)

Finanza

Ang Bagong Mga Tampok ng Crypto ng Twitter ay isang BFD

Ang bagong tip wallet ng social network at ang paparating na pag-verify ng NFT ay mga game-changer - at isang balwarte laban sa mga pagtatangka na mag-co-opt ng isang kilusan.

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Mercati

Mas Mababa ang Trending ng Bitcoin sa China Crackdown, Suporta sa $36K-$40K

Ang BTC ay nagrehistro ng serye ng mas mababang mga mataas na presyo ngayong buwan habang kumikita ang mga mamimili.

Bitcoin daily price chart (CoinDesk, TradingView)

Video

Bitcoin, Ether Down as China's Central Bank Declares All Cryptocurrency Transactions Illegal; Can China Really Ban Crypto?

Bitcoin is trending lower after China's central bank declared all cryptocurrency-related business illegal, but how concerned should we be about China's crypto crackdown? Rayne Steinberg, CEO of crypto investment firm Arca, says it's primarily retail investors selling, and major institutions are not buying into this. "This really shows a diminishing power of China over the market and also a maturation of crypto and bitcoin," Steinberg said. Plus, insights into Arca's new partnership with Securitize to launch tokenized financial products.

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