Despite Ban, Chinese Traders Still have Access to Cryptocurrencies

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Despite the crackdown on cryptocurrencies, Chinese traders are still trading them with Virtual Private Networks (VPNs). VPNs + Tether: Cryptocurrency Trading In fact, Chinese traders have been successfully using the tether (USDT) stablecoin to successfully enter and exit crypto markets without a problem. One US dollar backs every token issued for the Tether cryptocurrency. This is … Continue reading “Despite Ban, Chinese Traders Still have Access to Cryptocurrencies”

Baidu Joins China’s Cryptocurrency Blockade

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As China moves to crackdown on cryptocurrencies, major companies are quickly distancing themselves from digital currency. In fact, Baidu just joined a growing list of companies doing so. Baidu is now filtering, deleting and banning any cryptocurrency-related publications on its Reddit-like Baidu Tieba forum platform. Already, cryptocurrency content on the forums has “disappeared without a … Continue reading “Baidu Joins China’s Cryptocurrency Blockade”

Cryptocurrencies Crackdown Continues in China

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Beijing just intensified its clampdown on cryptocurrencies. All thanks to increased fears of financial insecurity. Authorities will block access to another 124 websites operated by offshore cryptocurrency exchanges that provide trading services to citizens.  It will also monitor and shut down domestic websites related to cryptocurrency trades and initial coin offerings (ICOs). Then, it’ll ban … Continue reading “Cryptocurrencies Crackdown Continues in China”