PBOC fake news shakes Bitcoin

The news about People's Bank of China officially banning the exchanges may be fake, though crushes Bitcoin
13 September 2017   1486

The People's Bank of China (PBOC), which carries out monetary policy and regulate financial institutions in mainland China, has shaken the cryptocurrency world with the ICO ban at first, and then with the official ban of cryptocurrency exchanges.

However, the majority of the cryptocurrency community speculate that the last one is nothing but fake news

Thus, back to September 8th, Samson Mow, CSO of Blockstream and CEO of Pixelmatic, claimed that the China exchanges shutdown might be just a conjecture.

Yet, as reported by cnLedger, now a fake screenshot about PBoC officially banning the exchanges has triggered huge sells in the market.

It goes without saying that such news influences Bitcoin price significantly. At the time of writing, the price of the first cryptocurrency is about $3,789 and its market capitalization is $62,894,655,665. 

Bitcoin price chart on coinmarketcap.com Bitcoin price chart on coinmarketcap.com

Still, some people argue that whether the Chinese news is fade or real, the Chinese market is not so important.

What the future has in stock for Bitcoin and the whole crypto world, remains to be seen. We'll keep you updated. 

Coinbase to Expand Services for Asia

Among the services available now there are Coinbase Prime, Pro and Custody
22 January 2019   119

Coinbase, the leading US cryptocurrency company reported that from now on its professional trading and custodial platforms are available to institutional clients and investors with large volumes from the Asian region.

In particular, according to the Coinbase blog, users of Asia will have access to the option of depositing accounts and withdrawing funds using SWIFT transfers through non-US bank accounts.

In the past 12 months, hundreds of crypto-first hedge funds have launched around the world, and many hundreds more traditional institutions such as proprietary trading firms, family offices and endowments have begun actively trading digital assets. Coinbase’s suite of professional products — Coinbase Prime and Pro, Coinbase Custody — serves these customers, along with other participants in the market, like asset issuers, crypto exchanges, and miners.

Elliott Suthers


Among the services available there are Coinbase Prime, Coinbase Pro and Coinbase Custody, which also supports the steamer USDC.

In December 2018, Coinbase began to provide services to residents of the islands of Guernsey and Maine, as well as Lithuania, Iceland, Andorra and Gibraltar.