The Secrets Behind Monero Cryptocurrency


Most cryptocurrency prices temporarily plummeted this week after JPMorgan Chase CEO Jamie Dimon called bitcoin a fraudulent bubble as rumors of regulatory crackdown circulated in China. As of Friday, bitcoins are selling for a little over $3,000 a pop, according to CoinMarketCap, which is roughly $1,500 less than last week’s price. Most experts don’t worry about…





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What is Cryptocurrency Ultimate Guide For Beginner


Today cryptocurrencies have become a global phenomenon known to most people. While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance.In 2016, you‘ll have a hard time finding a major bank, a big accounting firm, a prominent software company or a government that did not research cryptocurrencies, publish a paper about it or start a so-called blockchain-project.







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Chinese cryptocurrency crackdown widens










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By AAP 16.09.2017 01:38 AM



Chinese authorities have ordered Beijing-based cryptocurrency exchanges to stop trading and immediately notify users of their closure, signalling a widening crackdown by authorities on the industry to contain financial risks.

Exchanges were also told to stop allowing new user registrations as of Friday, according to a government notice. The notice was signed by the Beijing city group in charge of overseeing internet finance risks and circulated online.

Platforms should also tell the government by Wednesday, September 20 how they will allow users to make withdrawals in a risk-free manner and handle funds to make sure investor interests are protected, according to the notice, which was also reported by state newspaper Securities Times.

“All trading exchanges must by midnight of Sept. 15 publish a notice to make clear when they will stop all cryptocurrency trading and announce a stop to new user registrations,” the government notice said.

China is cracking down on the cryptocurrency business to try to limit risks as consumers pile into a highly speculative market that has grown rapidly this year. It was reported this week that China planned to shut down the exchanges.

Shanghai-based BTCChina, a major Chinese bitcoin exchange, said on Thursday it would stop all trading from September 30, citing tightening regulation. Smaller Chinese bitcoin exchanges ViaBTC, YoBTC and Yunbi on Friday announced similar closures.

Beijing-based platforms OkCoin and Huobi, which are among China’s biggest exchanges, said late on Friday that they planned to stop yuan-based trading by October 31.

Early on Saturday AEST, BTC’s price was down 7.63 per cent at 19,797.00 yuan ($3800).

The bitcoin price was down 5 per cent at $3071 ($3838) on US exchange Bitstamp.


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