Tags » People's Bank Of China

China Is Striving to Contain Its Once-Diving, Now-Thriving Yuan

The currency’s recent surge has prompted Beijing to shift course after two-year effort to keep it from weakening too quickly

By Lingling Wei
The Wall Street Jounal… 1,309 more words

China to Shut Bitcoin Exchanges

Authorities to ban commercial trading of all virtual currencies

By Chao Deng
The Wall Street Journal

Updated Sept. 10, 2017 11:39 p.m. ET

BEIJING—Chinese authorities plan to shut down domestic bitcoin exchanges, delivering a final blow to a once-thriving industry of commercial trading for virtual currencies, which took off inside the mainland four years ago. 407 more words

7 Reasons Why China Banned ICOs

China enacted a draconian measure this weekend. Its regulators outlawed initial coin offerings or ICOs, a new way of financing startups based on blockchains, the technology that underpins cryptocurrencies. 719 more words

Tech

The Bitcoin Propaganda Machine - China Bans ICO's

Don’t look down.

In a stagnating market of ever-decreasing returns and a mere shadow of true price volatility, investors turn their eyes away from the traditional markets and towards alternative methods of finding financial and trading success. 850 more words

Cryptocurrency

Bitcoin tumbles as PBOC declares initial coin offerings illegal

Bitcoin tumbled as much as 11.%, the most since July, to $4,326.75

Bitcoin tumbled the most since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales. 240 more words

International

There was a $20 billion cryptocurrency price correction over the weekend

LONDON — The global cryptocurrency market underwent a correction of around 11% over the weekend, after a riotous start to the year.

Things could get worse, with China on Monday announcing a ban “initial coin offerings”, the digital coin issuing craze that has helped fuel the market’s rapid rise in 2017. 310 more words

Trade

China’s Central Bank Makes Largest Single-Day Cash Injection in Five Months — PBoC chooses not to follow US Fed Move --Spain

PBOC pumps cash into the financial system to ease a seasonal funding squeeze The People’s Bank of China made its largest single-day cash injection into the financial system since mid-January on Friday.

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