# Chinese regulators unite forces to crack down on crypto

# Chinese regulators unite forces to crack down on crypto

“# Chinese regulators unite forces to crack down on crypto ” The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country. The People’s Bank of China (PBoC) officially announced on Sept. 24 a set of new measures to fight…

Read More
# New decentralized stablecoin in China targets international trade

# New decentralized stablecoin in China targets international trade

“# New decentralized stablecoin in China targets international trade ” As financial authorities around the globe become increasingly concerned about stablecoin regulation, a jurisdiction in China is preparing to pilot a new yuan-pegged stablecoin for international trade. Chris Banbury, head of global operations at permissionless blockchain project Conflux, told Cointelegraph on Sept. 21 that the…

Read More
# Too ‘grande’ to fail — Bitcoin price stumbles at K as China plans for Evergrande’s implosion

# Too ‘grande’ to fail — Bitcoin price stumbles at $44K as China plans for Evergrande’s implosion

“# Too ‘grande’ to fail — Bitcoin price stumbles at $44K as China plans for Evergrande’s implosion ” Bitcoin (BTC) faced stiff resistance above $44,000 on Thursday, Sept. 23, as China told governments to prepare for property giant Evergrande to collapse. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buyers line up to snag sub-$40,000 BTC…

Read More
# Bitcoin bounces again after briefly losing K support — Watch these BTC price levels

# Bitcoin bounces again after briefly losing $40K support — Watch these BTC price levels

“# Bitcoin bounces again after briefly losing $40K support — Watch these BTC price levels ” Bitcoin (BTC) bounced from a second $40,000 retest on Sept. 22 as China calmed global market fears over Evergrande. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView China keeps up Evergrande cash injections Data from Cointelegraph Markets Pro and TradingView…

Read More