• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    mining

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    best crypto airdrops

    List of the Best Crypto Airdrops for July 2022

    How to Withdraw Money from Crypto.com

    How to Withdraw Money from Crypto.com

    4x.fm

    4x.fm Launches a New Copy Trader Technology

    best mining motherboard

    Best Mining Motherboard for Cryptocurrency in 2022

    Where to Buy Evergrow Coin

    Where to Buy EverGrow Coin – A Complete Beginners Guide

    how to buy safemoon on bitmart

    How to Buy Safemoon on Bitmart – A Complete Beginners Guide

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Binance, Tron Weibo Accounts Blocked Amidst China Crypto Crackdown Resurgence

Tony P. by Tony P.
November 16, 2019
in Latest News, Services

China’s microblogging platform Weibo, popularly known as “The Twitter of China” has blocked the accounts of both Binance and Tron in what is believed to be a renewed attack on crypto-related businesses.

Renewed Onslaught

According to reports on the crackdown, the administration in China under the leadership of President Xi Jinping appears to have a very complex relationship with blockchain and Bitcoin. Blockchain technology currently helps to shore up the leading crypto in the globe. This has been clearly demonstrated by the latest series of crackdowns taking place in the communist country.

Tron, a blockchain platform, and Binance, a leading crypto exchange platform, were both blocked by Weibo.

A few days ago, the administration had appeared as if it was softening its hardline stance on mining cryptocurrencies by having it removed from the list of banned/illegal activities. This is according to a tweet sent out by cnLedger, which stated:

 

1/ BREAKING Crypto mining is no longer “to be eliminated” in China. Today, the gov’t released “Industrial Structure Adjustment Guidance Catalogue”. Crypto mining, which was listed in the draft in April as an industry to be eliminated, is no longer in the list pending elimination.

— cnLedger (@cnLedger) November 6, 2019

President Xi Jinping and Global Blockchain Dominance

While this is happening, the president has been busy pushing for the global dominance of blockchain. This is evidenced by the recent statements that he made pushing for additional support for this evolutional technology, as well as for the release of a mobile application that is designed to assist in educating people on cryptocurrencies and blockchain.

Additionally, Xinhuanet, the state-owned media outlet, had a few days ago termed BTC as the first-ever successful use case scenario recorded of blockchain technology.

Caixin Report

However, Caixin released a new report that is dubbed as “Developing the Renovation of Virtual Currency Trading Places.” In the report, Caixin notes that Shanghai financial regulators operating on its districts will expel any company seen to assist in the issuance of tokens in the country. It will also root out companies that are helping facilitate trading using digital assets.

This new directive noted in this report has been designed to squash speculation that may stem from initial coin offerings and crypto trading. It seems that the activity, which had slowed down in the past year, has slowly started to resurface following the remarks made by President Xi pertaining to the importance of blockchain technology.

Tron and Binance accounts blocked by Weibo are now regarded as having been operating against locals, as well as the Weibo Community Convention provisions.

Featured image: investorintel.com

Tags: BinanceChinaCrypto CrackdownTRONWeibo Accounts
Previous Post

BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

Next Post

Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

Tony P.

Tony P.

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

What Is “Play-to-Earn” Gaming?

by Hellen
May 19, 2022

To think about all the ways that life has changed over the last twenty years thanks to the unprecedented rise...

how to use a Bitcoin ATM

Ultimate Guide on How to Use a Bitcoin ATM in 2022

by Anca F.
March 8, 2022

If you are interested in using an ATM to quickly cash out or buy Bitcoins, there are several ways in...

health blockchain

Patient Data-Ownership Movement Launched

by Hellen
April 15, 2021

EHR Data has been hard at work for the past couple of years in developing a global healthcare database on...

Froge Coin

FROGE Coin Is Now Live – Get It While It’s Fresh

by Hellen
March 10, 2021

Today marks the launch of the biggest meme coin competitor- Froge Coin . The blockchain is an all-in-one cryptosystem that...

Wright

Craig Wright: Bitcoin Is Not Anti-bank

by Hellen
March 8, 2021

Bitcoin creator and nChain chief scientist Dr. Craig S. Wright, explains in detail the Bitcoin white paper he wrote in...

teenager

In One Day A 15 Years Old Teenager Earned 0.7 BTC!

by Hellen
May 14, 2020

In the USA (Miami, Florida), a 15 years old teenager earned 0.7 BTC in one day. The teen’s name is...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

best crypto airdrops

List of the Best Crypto Airdrops for July 2022

July 1, 2022
How to Withdraw Money from Crypto.com

How to Withdraw Money from Crypto.com

June 29, 2022
4x.fm

4x.fm Launches a New Copy Trader Technology

June 27, 2022
best mining motherboard

Best Mining Motherboard for Cryptocurrency in 2022

June 27, 2022
  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.