"Chinese volumes account for less than 10 percent of global volume - they are no big deal", saidCharles Hayter, founder of cryptocurrency analysis website Cryptocompare.Beijing-based platforms OkCoin and Huobi, which are among China's biggest exchanges, said on Friday that they planned to stop yuan-based trading by October 31, confirming earlier reports. The exchange said it was acting "in the spirit of" a central bank ban last week on initial coin offerings but gave no indication it received a direct order to close. The central bank has announced that Chinese companies will no longer be allowed to issue units of electronic currency to lift funds. The government seems to be laying the groundwork to ban independent digital currencies from the Chinese economy altogether.
"After carefully considering the announcement published by Chinese regulators on 09/04, BTCChina Exchange will stop all trading on 09/30". NIFA also said that cryptocurrencies had no legal base of foundation in China.
Interestingly, the cryptocurrency market has actually picked up following the news. Bitcoin did not push to new highs until February of this year.
Wednesday, Bitcoin dove by more than 10%, as investors sold the cryptocurrency after a warning by JPMorgan (NYSE:JPM) Chief Executive Jamie Dimon that it "is a fraud" and will eventually "blow up".
Jose expected to churn ocean along New Jersey shore
The hurricane center also says "a tropical storm watch may be needed for a portion of the North Carolina coast tomorrow". The coast will see some higher surf, unsafe rip currents and possiblly some rain Sunday, Monday and Tuesday.
"It's worse than tulip bulbs". But the digital currency has suffered huge security breaches in the past and its exchange rate can rise or fall rapidly.
Levitt said he would avoid investing directly in bitcoin due to its wild price fluctuations that are "hard to understand". But he said Chinese crackdown on Bitcoin won't work. "The Great Firewall of China won't be able to block Bitcoin traffic originating on Blockchain's decentralized network". The cost of the bitcoin declined to 26,400 Yuan (almost to $4,029) on BTC China this week compared to 32,500 Yuan of last week. Overall, confidence in cryptocurrencies has been on the rise for years, and people are still likely to be drawn to its potential for rapid gains. "We shouldn't be surprised that this threat sparks extreme reactions from the industry's top insiders", Assia added.
Having hit record highs just weeks ago, bitcoin's boom has since abated as the currency feels the heat from heightened regulatory attention.
Under Francia's Instagram post , the courageous kidney donor is receiving an outpouring of love and thanks from Selena's fans. The actress revealed that she has been struggling with lupus after which she has been advised of transplantation.
Yesterday, talking to reporters aboard Air Force One, Trump apparently thought it'd be a good idea to bring all of this up again . On Wednesday, Trump met in the White House with Senator Tim Scott of SC , the only black Republican in the Senate.
The irony is that these "protections" might, depending on how you have your browser configured, mean you see more autoplaying ads. Google's autoplay blocking features will start showing up in the beta, canary, and dev builds this month.
A computer screen in mission control displays mission elapsed time for Cassini minutes after the end of mission. The spacecraft tumbled out of control while plummeting at more than 76,000 miles per hour (122,000 kph).
Iraqi lawmakers authorized Abadi this week to "take all measures" to preserve national unity before the independence referendum. Kirkuk is home to sizeable Arab and Turkmen populations and is outside the KRG official boundaries.
The 28-year-old Sampha Sisay is a British singer, songwriter and record producer from Morden, South London. 'I feel like I'm dreaming a little bit, this is incredible, thank you guys so much, ' he said.
But when BuzzFeed News spoke with them before the election , both she and her father said they did not support Donald Trump . Weiner ran for mayor of New York City in 2013, a bid scuttled by a similar sexting scandal.
That put the pressure on Republican Senate Majority Leader Scott Fitzgerald to secure the needed votes without making any changes. The vote could be delayed to Saturday or beyond if Republicans can't convince one of the holdouts to change their position.
Beh and Shahnaz forward posts", a police officer said. "We hope that this doesn't escalate further", they said. Panic gripped border residents living in villages close to the global border after the cross-border firing.
Greitens put the National Guard on standby in the days leading up to the verdict as a precautionary step ahead of possible unrest. Both officers got out, Stockley carrying a duty pistol and an AK-47 rifle, which he wasn't permitted to carry by the department.
He also posted the album's official artwork, which gives us a super up-close-and-personal look at those baby blues. Horan is now embarking on a series of intimate live dates, what he's called the " Flicker Sessions" tour.
6 die at nursing home as Irma's aftermath brings new hazards
This storm grew so immensely powerful over warmer-than-normal Atlantic water that it devastated the first islands in its path. The deaths happened at the Rehabilitation Center at Hollywood Hills at 1200 N. 35th Avenue, Hollywood police officials said.
More than 80 percent in Florida have power back
Officials are holding daily calls with those facilities to make sure they have everything they need to care for their residents. The eight elderly patients who died at a Broward County nursing home have not yet been included in the death toll.
Rubio, Nelson say feds should look at Hollywood nursing home
According to state law , nursing homes must file emergency preparedness plans with local emergency management in order to operate. The utilities have announced that power outage in some area could be extended for days, it could even extend for weeks.
Knifeman tries to slit soldier's throat on Paris metro
It has been extended on several occasions; The latest extension came in July and is expected to last until November 1. The French army's anti-terrorism Operation Sentinel was established following the 2015 terrorist attacks in Paris .
Pakistan beat World XI in 3rd match to seal Independence Cup
The former Kiwi all-rounder expected more worldwide teams to travel to Pakistan if proper security arrangements are kept in place. The landmark Independence Cup series between Pakistan and World XI ended with the hosts winning the three-T20I contests by 2-1.