RMB pulled from China's bitcoin exchanges, start-up platform ViaBTC closes
17 September, 2017, 01:09 | Author: Chad Mckenzie
Chinesenewsreports that two of the country's largest exchanges have been given an extra month to operate domestically.
Bitcoin captivated the attention of financial markets this summer as the developer community embraced a new mechanism to improve usage and avoided what was labeled as a potential civil war, raising the profile of the digital ledger and fueling the speculative price rise. Beyond that, according to The Verge, three of China's main exchanges made up almost half of all of the global market share for the trailing 30 day period up to the announcement. Registration for new users was stopped immediately. Starting now, exchanges will gradually be discontinuing pairings of digital assets against RMB.
By the end of September 15, the platforms must make closure announcements and by September 20 they must establish bank accounts to deposit user funds.
The country's regulators have reportedly issued an order to all local cryptocurrency exchanges to halt new user registration by midnight on September 15 and publicly notify users when they'll formally close. The Bitcoin-to-US dollar exchange rate fell to a bottom of $2,980 from $4,690, and then recovered to $3,650. While many developed countries in the West and Asia allow digital currencies to be accepted as payments and have rules about taxation of gains, some emerging countries view them as an illegal form of payment.
Predictions for an eventual resumption haven't done much to comfort bitcoin traders. The price of bitcoins regained some ground on early Friday morning, when the rate climbed $124, or 3.8 percent.
Some sources stick to the view that BTCC's decision to stop trading has nothing to do with the rumors regarding exchanges being shut down. The restrictions will reportedly only apply to trading on exchanges, not over-the-counter transactions.
Interestingly, the markets have responded quickly to the new developments. Chinese regulators also chose to close domestic trading cryptocurrency platforms, Caixinreported, citing unidentified people close to the nation's internet financial risk prevention team. Furthermore, its Blockchain+ trading platform will open up bitcoin cash (BCC, BCH) withdrawals before Sunday, September 24. Jamie Dimon, the current CEO of JPMorgan Chase, recently stated that he believes Bitcoin "is a fraud" and that it would all eventually come crashing down.
Process beat albums by alt-J , The xx, Glass Animals , Sampha , The Big Moon , Kate Tempest , Ed Sheeran , and others. The Mercury Prize showcases a range of genres by celebrating the best album by a British or Irish artist each year.
His and Pakistan's only hundred in a Twenty20 global had come against Bangladesh during the World Twenty20 tournament in 2014. Azam arrived to add a further 59 for the second wicket with Shehzad who finally perished in the 13th over.
Also, Google will be removing the headphone jack from the Pixel 2 and the Pixel XL 2 if reports are to be true. It appears that Google is now replacing all Nexus 6P phones with Pixel XLs if the former is under warranty.
Asked whether it would be his last job in management, Hodgson said: "I'll let time and results be the judge of that". Hodgson said he has got over the disappointment of the way his reign as England manager ended.
Vice President Mike Pence, who joined Trump on the trip, promised Floridians: "We're with you today". "We're going to be there". He toured a Houston shelter housing hundreds of displaced people and walking streets lined with soggy, discarded possessions.
In first half stoppage time Guaita produced a good save to turn Lionel Messi's free kick away for a corner. Getafe took the lead through Gaku Shibasaki , but an average Barca drew level thanks to Denis Suarez .
President Donald Trump 's administration could enact any of the reforms and initiatives he pledged on the campaign trail. Refinery utilization rates fell by 2 percentage points to 77.7 percent, the lowest rate since 2008.
The unidentified man is said to have rushed at a patrol of soldiers wearing combat uniforms and brandishing assault rifles. The French army's anti-terrorism Operation Sentinel was established following the 2015 terrorist attacks in Paris .
The share price of Rice Midstream Partners LP (NYSE:RMP) was up +0.76% during the last trading session, with a day high of 21.29. DCP Midstream, LP, formerly DCP Midstream Partners, LP, is a producer and marketer of natural gas liquids in the United States.
Laredo man says he's a victim of Equifax data breach
This does not impact your ability to use your credit cards, but it does prevent others from opening an account in your name. Equifax asks consumers to enter their last name and the last six digits of their Social Security number.
Odell Beckham Jr. calls injury '6 to 8-week thing'
To make matters worse, the Giants' wide receivers will also have added pressure of going against an improved Lions secondary. There was blame to go around a couple of times, from the offensive line to the wideouts who could not get open.
Paris (2024), LA ('28) to host Summer Olympics
L.A. has hosted the Olympics twice previously in 1932 and 1984, but this will be the first time the city hosts the Paralympics. There are also other plans on display including a new public transportation system and more energy efficient infrastructures.