{"id":1728,"date":"2021-06-21T14:14:59","date_gmt":"2021-06-21T14:14:59","guid":{"rendered":"https:\/\/depthtrade.com\/?p=1728"},"modified":"2021-10-11T17:10:36","modified_gmt":"2021-10-11T17:10:36","slug":"china-fight-against-bitcoin-crypto-it-getting-serious","status":"publish","type":"post","link":"http:\/\/localhost\/depth\/china-fight-against-bitcoin-crypto-it-getting-serious\/","title":{"rendered":"China: Fight against Bitcoin \/ Crypto &#8211; it&#8217;s getting serious"},"content":{"rendered":"\n<p><em>China is now cracking down on cryptocurrencies: Bank customers with crypto transactions are reported to the authorities. Bitcoin &amp; Crypto is falling sharply.<\/em><\/p>\n\n\n\n<meta charset=\"UTF-8\"><script src=\"https:\/\/code.highcharts.com\/stock\/highstock.js\"><\/script><script src=\"https:\/\/ajax.googleapis.com\/ajax\/libs\/jquery\/3.5.1\/jquery.min.js\"><\/script><center><b>Bitcoin \/ USD 1 Year live<\/b><div id=\"container2\" style=\"height: 300px; max-width: 710px; box-sizing: border-box; border: 1px solid rgba(0,0,0,0.3); box-shadow: 0px 16px 33px -29px cornflowerblue;border-radius: 8px; margin-bottom: 19px;\"><\/div><script>var datas2=[]; var i=1; var minn2=999999999999999999.9,maxx2=0.0; const url2='http:\/\/localhost\/depth\/cdata\/get.php?wix=BTCUSDT&t=1d&a=365'; fetch(url2) .then(data=> data.json()) .then((json)=>{for (let index=0; index < 1000; index++){datas2.push([i, parseFloat(json[index][1]), parseFloat(json[index][2]), parseFloat(json[index][3]), parseFloat(json[index][4])]); if (parseFloat(json[index][2]) > maxx2){maxx2=parseFloat(json[index][2]);}if (parseFloat(json[index][3]) < minn2){minn2=parseFloat(json[index][3]);}i++;}Highcharts.stockChart('container2',{chart:{}, rangeSelector:{enabled: false, events:{load: function(){var chart=this, yAxis=chart.yAxis[0], gridLines=yAxis.gridGroup.element.children, ticks=yAxis.ticks, tickPositions=yAxis.tickPositions; gridLines[2].remove(); ticks[tickPositions[2]].label.element.remove();}}}, plotOptions:{candlestick:{color: '#FF7070', upColor: '#A0FF83'}}, title:{enabled: false}, xAxis:{labels:{enabled: false},}, yAxis:{labels:{enabled: true}, min:minn2, max:maxx2}, scrollbar:{enabled: false}, navigator:{enabled: false}, credits:{enabled: false}, series: [{type: 'candlestick', data: datas2, dataGrouping:{groupPixelWidth: 1}, enableMouseTracking: false}]});}) <\/script><\/center>\n\n\n\n<p>Even before, cryptocurrencies like Bitcoin were banned in China. But the ban was enforced inconsistently. Now the government seems to be getting serious in the fight against privately generated digital currencies.<\/p>\n\n\n\n<p>Banks and payment service providers such as Alipay have been ordered by the central bank not to engage in cryptocurrency transactions.<\/p>\n\n\n\n<p>The Agricultural Bank of China, one of the country's four major commercial banks, published a statement with details of the measures on its homepage in the meantime.<\/p>\n\n\n\n<p>In the statement, customers were warned that if transactions related to cryptocurrencies were detected, the customers would be reported to the authorities and the accounts would be terminated immediately.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"http:\/\/localhost\/depth\/wp-content\/uploads\/2021\/06\/E4Y-Rs_UcAEiM8C.png\"><img loading=\"lazy\" src=\"http:\/\/localhost\/depth\/wp-content\/uploads\/2021\/06\/E4Y-Rs_UcAEiM8C.png\" alt=\"\" class=\"wp-image-1730\" width=\"848\" height=\"702\" srcset=\"http:\/\/localhost\/depth\/wp-content\/uploads\/2021\/06\/E4Y-Rs_UcAEiM8C.png 1083w, http:\/\/localhost\/depth\/wp-content\/uploads\/2021\/06\/E4Y-Rs_UcAEiM8C-600x497.png 600w, http:\/\/localhost\/depth\/wp-content\/uploads\/2021\/06\/E4Y-Rs_UcAEiM8C-768x636.png 768w\" sizes=\"(max-width: 848px) 100vw, 848px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>Moreover, as the Global Times newspaper wrote on Sunday, numerous bitcoin mining operations have been shut down in the southwestern province of Sichuan. <strong>Nationwide, an estimated 90 percent of bitcoin mining capacity has already been taken offline<\/strong>, at least for the short term, it reported. Some industry representatives had hoped that the mining ban might be enforced less strictly because of the abundance of hydropower for energy generation. However, the latest ban underscores the determination of Chinese regulators to curb speculative crypto trading to control financial risks, despite certain benefits to the local economy.<\/p>\n\n\n\n<p>Bitcoin and other cryptocurrencies such as Ethereum fell sharply in response to the news from China. Ethereum was recently trading down more than ten percent, while Bitcoin's losses were slightly smaller. In addition, there is downward pressure from the US dollar, which has been strongly rising since last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China is now cracking down on cryptocurrencies: Bank customers with crypto transactions are reported to the authorities. Bitcoin &amp; Crypto is falling sharply. Bitcoin \/ USD 1 Year live Even before, cryptocurrencies like Bitcoin were banned in China. But the ban was enforced inconsistently. Now the government seems to be getting serious in the fight &hellip;<\/p>\n","protected":false},"author":7,"featured_media":1994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[27],"tags":[73,162,72,161,160],"yst_prominent_words":[46],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China: Fight against Bitcoin \/ Crypto - it&#039;s getting serious - DepthTrade<\/title>\n<meta name=\"description\" content=\"China is now cracking down on cryptocurrencies: Bank customers with crypto transactions are reported to the authorities. Bitcoin &amp; Crypto is falling sharply.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/localhost\/depth\/china-fight-against-bitcoin-crypto-it-getting-serious\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China: Fight against Bitcoin \/ Crypto - it&#039;s getting serious - DepthTrade\" \/>\n<meta property=\"og:description\" content=\"China is now cracking down on cryptocurrencies: Bank customers with crypto transactions are reported to the authorities. Bitcoin &amp; Crypto is falling sharply.\" \/>\n<meta property=\"og:url\" content=\"http:\/\/localhost\/depth\/china-fight-against-bitcoin-crypto-it-getting-serious\/\" \/>\n<meta property=\"og:site_name\" content=\"DepthTrade\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Depthtrade\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-21T14:14:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-11T17:10:36+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/localhost\/depth\/wp-content\/uploads\/2021\/06\/pto.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"467\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Depthtrade\" \/>\n<meta name=\"twitter:site\" content=\"@Depthtrade\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\/\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\/\/depthtrade.com\/#organization\",\n\t            \"name\": \"DepthTrade\",\n\t            \"url\": \"https:\/\/depthtrade.com\/\",\n\t            \"sameAs\": [\n\t                \"https:\/\/www.facebook.com\/Depthtrade\",\n\t                \"https:\/\/twitter.com\/Depthtrade\"\n\t            ],\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"@id\": \"https:\/\/depthtrade.com\/#logo\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"url\": \"http:\/\/localhost\/depth\/wp-content\/uploads\/2020\/08\/Unbenannt.jpg\",\n\t                \"width\": 765,\n\t                \"height\": 240,\n\t                \"caption\": \"DepthTrade\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\/\/depthtrade.com\/#logo\"\n\t            }\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\/\/depthtrade.com\/#website\",\n\t            \"url\": \"https:\/\/depthtrade.com\/\",\n\t            \"name\": \"DepthTrade\",\n\t            \"description\": \"\",\n\t            \"publisher\": {\n\t                \"@id\": \"http:\/\/localhost\/depth\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": \"https:\/\/depthtrade.com\/search\/?q={search_term_string}\",\n\t                    \"query-input\": \"required name=search_term_string\"\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"@id\": \"http:\/\/localhost\/depth\/china-fight-against-bitcoin-crypto-it-getting-serious\/#primaryimage\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"url\": \"http:\/\/localhost\/depth\/wp-content\/uploads\/2021\/06\/pto.jpg\",\n\t            \"width\": 730,\n\t            \"height\": 467\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"http:\/\/localhost\/depth\/china-fight-against-bitcoin-crypto-it-getting-serious\/#webpage\",\n\t            \"url\": \"http:\/\/localhost\/depth\/china-fight-against-bitcoin-crypto-it-getting-serious\/\",\n\t            \"name\": \"China: Fight against Bitcoin \/ Crypto - it's getting serious - DepthTrade\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\/\/depthtrade.com\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"http:\/\/localhost\/depth\/china-fight-against-bitcoin-crypto-it-getting-serious\/#primaryimage\"\n\t            },\n\t            \"datePublished\": \"2021-06-21T14:14:59+00:00\",\n\t            \"dateModified\": \"2021-10-11T17:10:36+00:00\",\n\t            \"description\": \"China is now cracking down on cryptocurrencies: Bank customers with crypto transactions are reported to the authorities. Bitcoin & Crypto is falling sharply.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"http:\/\/localhost\/depth\/china-fight-against-bitcoin-crypto-it-getting-serious\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"Article\",\n\t            \"@id\": \"http:\/\/localhost\/depth\/china-fight-against-bitcoin-crypto-it-getting-serious\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"http:\/\/localhost\/depth\/china-fight-against-bitcoin-crypto-it-getting-serious\/#webpage\"\n\t            },\n\t            \"author\": {\n\t                \"@id\": \"http:\/\/localhost\/depth\/#\/schema\/person\/c353986bf4eabbb945ed77fe91ed6f32\"\n\t            },\n\t            \"headline\": \"China: Fight against Bitcoin \/ Crypto &#8211; it&#8217;s getting serious\",\n\t            \"datePublished\": \"2021-06-21T14:14:59+00:00\",\n\t            \"dateModified\": \"2021-10-11T17:10:36+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"http:\/\/localhost\/depth\/china-fight-against-bitcoin-crypto-it-getting-serious\/#webpage\"\n\t            },\n\t            \"publisher\": {\n\t                \"@id\": \"http:\/\/localhost\/depth\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"http:\/\/localhost\/depth\/china-fight-against-bitcoin-crypto-it-getting-serious\/#primaryimage\"\n\t            },\n\t            \"keywords\": \"bitcoin,bitcoin mining,crypto,cryptocurrencies,Ethereum\",\n\t            \"articleSection\": \"Politics\",\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": [\n\t                \"Person\"\n\t            ],\n\t            \"@id\": \"http:\/\/localhost\/depth\/#\/schema\/person\/c353986bf4eabbb945ed77fe91ed6f32\",\n\t            \"name\": \"James Cheung\",\n\t            \"image\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"@id\": \"https:\/\/depthtrade.com\/#personlogo\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"url\": \"http:\/\/localhost\/depth\/wp-content\/uploads\/2021\/02\/james-96x96.jpg\",\n\t                \"caption\": \"James Cheung\"\n\t            }\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","_links":{"self":[{"href":"http:\/\/localhost\/depth\/wp-json\/wp\/v2\/posts\/1728"}],"collection":[{"href":"http:\/\/localhost\/depth\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/localhost\/depth\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/localhost\/depth\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"http:\/\/localhost\/depth\/wp-json\/wp\/v2\/comments?post=1728"}],"version-history":[{"count":4,"href":"http:\/\/localhost\/depth\/wp-json\/wp\/v2\/posts\/1728\/revisions"}],"predecessor-version":[{"id":1996,"href":"http:\/\/localhost\/depth\/wp-json\/wp\/v2\/posts\/1728\/revisions\/1996"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/localhost\/depth\/wp-json\/wp\/v2\/media\/1994"}],"wp:attachment":[{"href":"http:\/\/localhost\/depth\/wp-json\/wp\/v2\/media?parent=1728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/localhost\/depth\/wp-json\/wp\/v2\/categories?post=1728"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/localhost\/depth\/wp-json\/wp\/v2\/tags?post=1728"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"http:\/\/localhost\/depth\/wp-json\/wp\/v2\/yst_prominent_words?post=1728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}