Cryptocurrency Exchanges: Bitcoin Enthusiasts and Chinese Authorities

cryptocurrency exchanges: But observers say they are now detecting a rethink by the Chinese authorities, causing bitcoin on Thursday to surge past the 5,000 level for the first time since its launch eight years ago, according to The Japan Times. Around 3 30 p.m. Even bitcoin enthusiasts had experienced some doubts over the summer when Chinese regulators cracked down on exchanges trading the virtual currency and a dispute among developers gave birth to a new version, splitting the market of the budding currency. ; In September, banking regulators in Beijing and Shanghai ordered local cryptocurrency exchanges to shut down. Greenwich Mean Time its value based on a basket of trading exchanges calculated by Bloomberg was 5,247.02, up from 4,829.29 late Wednesday. Should rumors reported in state media be confirmed, then what is by far the most well-known and traded of more than 1,000 so-called cryptocurrencies could climb to even greater heights, experts predict. This represents a rise of 400 percent this year alone. (news.financializer.com). As reported in the news.

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