• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Copy Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
  • 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

FXCM is the Winner of the Best Zero Commission Broker Award for 2021

FXCM is the Winner of the Best Zero Commission Broker Award for 2021

FXCM is honored to have won ADVFN's Best Zero-Commission Broker award for the year 2021. A zero-commission broker is one who does not charge a fee to facilitate trades initiated by clients.

Banks and Finance
Bank of America Identifies JP Morgan, Morgan Stanley, PayPal, and Walt Disney as “Digital Assets Exposed Companies”

Bank of America Identifies JP Morgan, Morgan Stanley, PayPal, and Walt Disney as “Digital Assets Exposed Companies”

Bank of America has listed 20 publicly traded businesses in the United States with digital asset exposure that it rates as "Buy" or "Neutral."

Banks and Finance
Liquidity Provider

Top-5 Liquidity Providers 2021
Let's find out what are the main characteristics of the best liquidity providers and which 5 of them are be the best in 2021.

discover
Top 10 White Label Exchange Solutions in 2022

Liquidity Provider

Liquidity Provider

Top 10 White Label Exchange Solutions in 2022

As in the mining boom period, bitcoin exchanges are the pick-and-shovel of the new sector. Since 95 % of all cryptocurrency activity occurs on exchanges, crypto exchanges are vital for benefitting from the multibillion-dollar crypto industry.

Crypto Exchange Business

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

    Oliver

    How to Integrate Crypto Payment Gateway to Your Business?

    https://liquidity-provider.com/app/uploads/2022/07/how-to-integrate-crypto-payment-gateway-to-your-business-300x203.png

    Oliver

    How to Accept Crypto Payments as a Business

    https://liquidity-provider.com/app/uploads/2022/06/oblozhka-300x203.png

    Oliver

    What is a Crypto Payment Gateway?

    https://liquidity-provider.com/app/uploads/2022/06/shapka1-1-300x203.png

    Liquidity Provider

    Why Do Brokers Need PAMM Accounts?

    https://liquidity-provider.com/app/uploads/2022/05/why-do-brokers-need-pamm-accounts-300x203.png

    Regi Publico

    The Importance of Liquidity in Financial Planning

    https://liquidity-provider.com/app/uploads/2022/04/untitled-design-2-300x203.png

    Liquidity Provider

    What Are the Advantages of Paying with Bitcoin?

    https://liquidity-provider.com/app/uploads/2022/04/dizajn-bez-nazvaniya-3-1-300x203.png

    Liquidity Provider

    How to Promote PAMM/MAM & Copy Trading Service as a Broker

    https://liquidity-provider.com/app/uploads/2022/04/untitled-design-300x203.png

    Liquidity Provider

    How Do Crypto Payments Work?

    https://liquidity-provider.com/app/uploads/2022/03/untitled-design-10-300x203.png

    Liquidity Provider

    Top 6 Forex License Providers

    https://liquidity-provider.com/app/uploads/2022/03/frame-59318-300x203.png

    Liquidity Provider

    How to Get a FOREX License

    https://liquidity-provider.com/app/uploads/2022/03/untitled-design-1-300x203.png

    Liquidity Provider

    Top 5 Forex CRM Solutions for 2022

    https://liquidity-provider.com/app/uploads/2022/02/untitled-design-3-300x203.png

    Liquidity Provider

    5 FinTech Trends for 2022

    https://liquidity-provider.com/app/uploads/2022/02/untitled-design-2-300x203.png

    Liquidity Provider

    5 Tips for FinTech Startups

    https://liquidity-provider.com/app/uploads/2022/02/untitled-design-1-300x203.png

    Liquidity Provider

    What is NFT?

    https://liquidity-provider.com/app/uploads/2022/02/untitled-design-300x203.png

    Liquidity Provider

    What is Initial DEX Offering (IDO)?

    https://liquidity-provider.com/app/uploads/2022/01/untitled-design-1-1-300x203.png

    Liquidity Provider

    How Liquidity Provider Tokens Work

    https://liquidity-provider.com/app/uploads/2022/01/frame-59320-2-300x203.png

    Liquidity Provider

    How Does the Cryptocurrency Exchange Business Work?

    https://liquidity-provider.com/app/uploads/2021/12/frame-59315-300x203.png

    Liquidity Provider

    How Does The Forex Brokerage Business Work

    https://liquidity-provider.com/app/uploads/2021/12/frame-59303-3-300x203.png

    Liquidity Provider

    Top 10 White Label Exchange Solutions in 2022

    https://liquidity-provider.com/app/uploads/2021/12/frame-611012-300x203.png

    Liquidity Provider

    What is Liquidity Mining?

    https://liquidity-provider.com/app/uploads/2021/12/untitled-design-4-300x203.png

    Liquidity Provider

    What is Yield Farming?

    https://liquidity-provider.com/app/uploads/2021/12/untitled-design-300x203.png

    Liquidity Provider

    What is the Difference Between Centralized and Decentralized Exchange?

    https://liquidity-provider.com/app/uploads/2021/11/untitled-design-17-300x203.png

    Liquidity Provider

    What You Should Know About Energy Liquidity?

    https://liquidity-provider.com/app/uploads/2021/11/frame-59309-4-300x203.png

    Liquidity Provider

    What is Prime of Prime Liquidity?

    https://liquidity-provider.com/app/uploads/2021/11/frame-59319-3-300x203.png
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Copy Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2022 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy