News
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.
China crackdown: Week 7
The summer of crackdowns continued this week, making it seven weeks since the initial announcement on May 18 that virtual currencies were a risky investment and financial institutions should not provide services for them. The crackdown appears to be having a desired effect as public interest in the asset class is cooling. This is evident by 90-day lows on WeChat searches for the word Bitcoin over the past weekend, although this was a trend mirrored on worldwide Google searches as well.
China proves Bitcoin is an unstoppable machine: Bitcoin Center founder
cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
China clamps down heavily on cryptocurrency, but why?
gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.