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Somebody is collecting very chip shares. Jealous.
Thank you.
Give me a few thousand that 2.06.
Express train is about to leave.
From here we are going upupup.
Bitcoin price drops following report that China is going to shut down local exchanges
BY ROMAIN DILLET
18 hours ago
Another day, another crash and another Chinese ban. This time, as Reuters spotted, a single report from financial news site Caixin is saying that the Chinese government is considering banning cryptocurrency exchanges in China.
In particular, the report is saying that Chinese citizens won’t be able to use exchanges to buy bitcoins, ethers and more using Chinese yuan, and vice versa.
Cryptocurrencies aren’t banned per se, just exchanges. But do bitcoins have value in China if you can’t exchange them? That’s the main question and the reason why cryptocurrencies are crashing.
This is what it looks like on coinmarketcap.com right now:
Bitcoin is currently down 7.7 percent, Ethereum is down 11 percent, Bitcoin Cash (which is quite popular in China) is down 11.2 percent, etc. But if you go on Chinese exchanges, the crash is even more important. For instance, Bitcoin is down 13.4 percent and Ethereum is down 18.4 percent on OKCoin.
As always, it’s a bit hard to know for sure what’s going to happen. There’s only a single report about this decision. Chinese investors could be trying to exit cryptocurrency markets as quickly as possible because they risk being locked into cryptocurrencies.
Those exchanges have already been regulated with KYC (know your customer) rules and anti-money laundering rules. Margin trading is also forbidden in China.
Maybe the Chinese government wants even more control and is going to create a centralized exchange and regulate those markets as much as possible. It’s hard to know for sure as Chinese regulation is always very sudden.
Earlier this week, the Chinese government banned ICOs in China. There’s currently an ICO freeze and the top 60 ICO platforms are being investigated. Authorities thought ICO tokens were like securities, and some of them were a scam.
This isn’t the first time China is banning exchanges. Back in 2013, bitcoin dropped more than 50 percent as the government asked BTCChina to stop accepting deposits in Chinese yuan. The government changed its mind later on.
Yeah. They recovered too much gold this summer as they planned. They don't want to share with shareholders.
How much gold they have from the summer digging? Summer is over.They said before it will be lucrative summer.
You never sold the shares of the good company knowing that PPS will rise much higher when you need money for something?
Is anything wrong when CEO is selling just little portion of his stake? Everybody needs money for some expenses at some period of time. What is wrong with that?
R u going somewhere?
Sell off is starting now.
You will be surprised soon.
Wait a little. It is going to be a big surprise .
Wtf r u talking about. So, who is XCOMQ trading publicly right now in front of your eyes?
Revenue Growth (yoy): -47%. Negative.
Dream again.
A lot of people are wasting time and noney with this one.
Pos is going down where it supposed to be . See you at 0.003..
Congrats to everybody who sells on news!
Such a POS!
Even after this news it is going down? Definitely something scammy.
I don't see Mydx on the FEATURING AT THE CONFERENCE list.
Sell off is coming.
No, it is not.
No, it is not.
0.00001
Hahaha.
Hey, how about 0.003 today? Heading there?
Do u know anybody from IBM who heard about this company?
Saw him on Hawaii on Saturday. Very well tanned.
Do u expect anything different here?
What rally?
I did not know that people start smoking early morning.
Just 1 bil for sale today.??
Who is Growth Point Advisors, Ltd. You can't find any information about this company anywhere. It is not existing.
Fluff news again on OTC website.
So naive. You will see soon. This scams they all the same.
And then R/S.
What more? More fluff? It is too much fluff already if you look at the PR history of this scam.
Good bye. No bid.