• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Bitcoin and Other Cryptos Bounce Back After China’s Ban

Sep 27, 2021

Bitcoin and Other Cryptos Bounce Back After China’s Ban

Cryptocurrency prices were rebounding following declarations from China last week that all crypto-related transactions were illegal and must be banned.

Bitcoin, the world's most valuable cryptocurrency, was up 1.3 percent to $43,663 on Monday, while Ethereum, the second most valuable, was up 4.05 percent to $3,088. Other coins, like XRP and Dogecoin, bounced back as well.

The People's Bank of China declared "virtual currency derivative transactions" illegal and "strictly prohibited" on Friday, sending crypto values soaring.

Several government departments signed a statement earlier this month laying out a rigorous new regime, reaffirming a mining prohibition, threatening stiff fines for crypto trading and financial transactions, and promising to "severely crack down on illegal activity involving virtual currencies."

The prohibition covers all digital tokens, which China claims are illegal and cannot be used as a medium of exchange. Online crypto services given by overseas virtual currency exchanges to Chinese individuals were likewise regarded as illicit financial activity.

Meanwhile, Huobi and Binance, two of the world's largest bitcoin exchanges, have halted new registrations for Chinese consumers as a result of China's crypto prohibition.

Mainland China mobile numbers are no longer accepted by Huobi and Binance, although fresh sign-ups are still allowed for Hong Kong consumers.

Huobi Technology (ticker: 1611:HK) had its stock plummet by more than 21% on Monday. MicroStrategy (MSTR) was up 1.6 percent in premarket trading Monday, after falling Friday along with other crypto-related U.S. equities.

Subscribe Our Newsletter

Chinese Tech Giants Surge on News of Easing Regulation

Alexander

Chinese Tech Giants Surge on News of Easing Regulation

Alibaba shares are soaring as broader Chinese tech shares jump on bets of an easing regulatory environment.

Companies
China Warns Unlicensed Online Brokerages They are Breaking the Law
China Warns Unlicensed Online Brokerages They are Breaking the Law

The New York-listed shares of Futu Holdings Ltd and UP Fintech Holdings were substantially lower after a Chinese central banker cautioned that online brokerages not regulated in China are behaving unlawfully if they service Chinese clients via the Internet.

Stocks
Liquidity Provider

ETF liquidity: Looking for a Trustworthy Provider
Let's find out what are ETF funds and investment instruments, who are ETF Liquidity Providers and what are key criteria of a reliable ETF Liquidity Provider.

discover
Market Maker Vs Liquidity Provider: Key Differences

Liquidity Provider

Market Maker Vs Liquidity Provider: Key Differences

Let's find out what is a market maker, what is the role of liquidity provider, what are Tier 1 and Tier 2 liquidity providers and their differences.

Liquidity

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Tamta

    What Is A Candlestick Chart?

    https://liquidity-provider.com/app/uploads/2023/03/cover-6-300x203.jpg

    Constantine

    White Label Forex Software — Ultimate Guide on How to Choose The Best Industry Solution

    https://liquidity-provider.com/app/uploads/2023/03/cover-3-300x203.jpg

    Tamta

    Forex Trading: A Beginner’s Guide

    https://liquidity-provider.com/app/uploads/2023/03/cover-2-300x203.jpg

    Tamta

    How to Create a Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-1-1-300x203.jpg

    Tamta

    Top Ten Richest People In The World, 2023

    https://liquidity-provider.com/app/uploads/2023/03/cover-4-1-300x203.jpg

    Constantine

    What’s at Stake? Here’s How to Avoid Scam Tokens

    https://liquidity-provider.com/app/uploads/2023/03/cover-5-300x203.jpg

    Constantine

    Investing in Currencies That Are More Valuable Than the American Dollar

    https://liquidity-provider.com/app/uploads/2023/02/cover-2-300x203.jpg

    Alexander

    5 Best Forex CRM Solutions for 2023

    https://liquidity-provider.com/app/uploads/2023/02/cover-300x203.jpg

    Alexander

    Full Bitcoin Price History: From 2009 to 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-11-300x203.png

    Constantine

    Top 5 Most Reliable KYC Technology Providers

    https://liquidity-provider.com/app/uploads/2023/01/cover-10-300x203.png

    Alexander

    The Best Crypto Wallets of 2022: Top 5 Picks

    https://liquidity-provider.com/app/uploads/2023/01/cover-2-300x203.png

    Alexander

    Top 5 Most Reliable Forex Brokers of 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-1-300x203.png

    Constantine

    5 Top-Tier Breakthrough Trading, Crypto and Fintech Industries Software Solutions in 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-300x203.png

    Constantine

    5 Most Successful FinTech Industry Startups in 2022

    https://liquidity-provider.com/app/uploads/2022/12/cover-300x203.png

    Constantine

    Top 7 Liquidity Providers of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-3-300x203.png

    Alexander

    Top 5 Crypto Exchanges of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-1-300x203.png

    Constantine

    Top 5 Most Distinguished White Label Solutions in 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-2-300x203.png

    Constantine

    What is Crypto Leverage Trading And How Does It Work?

    https://liquidity-provider.com/app/uploads/2022/12/oblozhka-5-300x203.png

    Constantine

    Top 5 Most Prospective Tokens in the Metaverse.

    https://liquidity-provider.com/app/uploads/2022/12/cover-7-300x203.png

    Constantine

    How to Mine Bitcoins? – Beginners Guide

    https://liquidity-provider.com/app/uploads/2022/11/cover-5-300x203.png

    Oliver

    Blockchain for Business. Pros & Cons

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-1-300x203.png

    Constantine

    The Future of Stablecoins and Central Bank Digital Currencies (CBDCs)

    https://liquidity-provider.com/app/uploads/2022/11/cover-3-300x203.png

    Alexander

    What is Web 3.0 and Why Does it Matter?

    https://liquidity-provider.com/app/uploads/2022/11/cover-1-300x203.png

    Constantine

    5 Benefits of Accepting Crypto Payments for Your Business

    https://liquidity-provider.com/app/uploads/2022/11/cover-300x203.png
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy