Bitcoin Dives after Chinese Exchanges’ Halt in Withdrawals This daily digest focuses on Yuan rates, major Chinese economic data, market sentiment, new developments in China’s foreign exchange policies, changes in financial market regulations, as well as market news typically available only in Chinese-language sources.- Two Chinese exchanges announced suspensions and one announced restrictions on Bitcoin withdrawals.- More Bitcoin platforms are under inspection; Bitcoin price are likely to drop further.- Would you like to know more about trading?are a great place to start.To receive reports from this analyst,.Bitcoin/Yuan plunged over -8% as of 11:15am EST on February 9th, following announcements in quick succession from two major Chinese Bitcoin exchanges that they will suspend Bitcoin withdrawals effective immediately.Yuan withdrawals are not impacted: Investors may sell Bitcoin and cash out Yuan.Both exchanges, Huobi and OKCoin, stated that they will follow regulators’ instructions and upgrade their platforms in the effort to prevent and crack down money laundering, unauthorized purchases in foreign exchange as well as pyramid schemes.

These suspensions may last for a month until both exchanges complete upgrade on their systems.BTC/CNH 1-day Prepared by Renee Mu.BTCChina, the other “Big Three” Bitcoin exchange in China, released restrictions on Bitcoin withdrawals later, though not exactly the same as Huobi and OKCoin’s suspension.BTCChina allows Bitcoin withdrawals but it will take 72 hours for the platform to review and approve such transactions.bitcoin php trading botThese suspensions and restrictions set by the Big Three Chinese platforms will highly likely drive Bitcoin prices lower over the following days, as investors will have to sell their Bitcoin to get money back.litecoin mining helpHowever, these will not be the last moves of Chinese regulators pushing to crack down illegal transactions through Bitcoin.bitcoin gpu setup

According to a statement released by the PBOC Beijing Office early on Thursday, the inspection has expanded to nine Bitcoin exchanges.The regulator warned these platforms that a serious violation may lead to a shutdown of their business.Read more about and .provides forex news and technical analysis on the trends that influence the global currency markets.ethereum value canadaBitcoin's spiking prices have been driven almost entirely by Chinese money-launderers trying to beat the country's currency controls -- controls that have tightened so much that it's tanking the world's real-estate markets as offshore buyers abandon their deposits and disappear.litecoin capNow, China's top three Bitcoin exchanges have frozen all withdrawals for 30 days.bitcoin nas?l islerMultiple private Chinese Bitcoin mining operations have more than enough compute-power to overwhelm the blockchain and tank Bitcoin altogether (and have refrained thus far because Bitcoin is worth more to themselves as working mechanisms than as cautionary tales about the problems of proof-of-work), so this isn't anything like the nuclear option for the Chinese government.bitcoin currency in hindi

Starting with January 2016, the People's Bank of China introduced harsher regulations for crypto-currencies, aimed at countering money laundering.The new "inspection and verification system," which Chinese traders are currently implementing, is meant to ensure that no person buys and moves a foreign currency over a limit of $50,000.The central bank also started investigations into the practices of several Bitcoin trading platforms that were offering too-good-to-be-true offers, such as zero-trading fees.ethereum etc vs ethEver since authorities have cracked down on the local Bitcoin traders, Chinese Bitcoin users have moved operations overseas.bitcoin viennaCoindesk, a cryptocurrency-centered news portal, points to a virtual exodus of Chinese users to other traders, with trading activity visibly going down at The Big Three.China's Top Three Bitcoin Traders Freeze Withdrawals for a Month [Catalin Cimpanu/Bleeping Computer] SHARE / TWEET / 6 COMMENTS A Chinese vitamin MLM cult is replacing healthcare for poor Ugandans Uganda is so poor that few can afford medical care, giving it one of the lowest life-expectancies on the planet — this toxic combination made the country ripe for infiltration by Tiens, a Chinese Multi-Level-Marketing “nutritional supplements” cult whose members set up fake medical clinics that diagnose fake ailments and proscribe fake medicines, then rope […] READ THE REST $28 Chinese app is a browser for insecure webcams Chinese state media reports on a $28/RMB188 app that browses webcams whose default passwords haven’t been changed, allowing subscribers to watch the goings-on in stores, living rooms, bedrooms, children’s rooms, and anywhere a CCTV might be installed.

READ THE REST Chinese wives, denied legal rights, hire "mistress dispellers" to keep their marriages intact China’s long economic boom and near-total lack of social and legal protections for divorced women has created growth industries in weird services that help women keep their marriages intact after their jerky husbands start treating them like shit and/or start having affairs.READ THE REST This power pack has a tracker built in, so it will be exceedingly difficult to lose Although flagship smartphones are unlikely to adopt heavy-duty outer casing anytime soon, you can always prepare your device for the outdoors with a beefy case and and an external battery like this Nomad Tile Trackable PowerPack, available in the Boing Boing Store for $119.95.The Nomad Tile can fully recharge an iPhone 7 over three times […] READ THE REST Time for a new wallet?Check out this slim, RFID-blocking one Even though credit cards now feature an EMV chip for securing transactions, they still have to include the magnetic strip for compatibility with older point of sale systems.