PBoC Official Calls for Wider Ban on Chinese Crypto Trading: Report – CoinDesk

A senior official at the People’s Bank of China is reportedly calling for a wider ban on services related to cryptocurrency trading in the country.

Pan Gongsheng, vice governor of the central bank, said, to prevent market risk, the government would apply more strict regulation to end all cryptocurrency trading-related activities and services. The news comes via a Reuters report today, citing an internal memo reviewed by the news agency.

While it’s not yet clear whether the reported memo will become immediate policy, the news indicates the continuing severe stance taken by China’s top regulators towards curbing cryptocurrency speculation and lowering perceived financial risk in the country.

According to the report, Pan said in the memo that a wider ban should extend to services and activities including individual or institutional market-makers, centralized trading platforms, guarantors, or settlement providers like online cryptocurrency wallets.


Kodak unveiled its own bitcoin miner at CES, will let you rent it for $3,400 for two years

If you thought Kodak news couldn’t get any stranger following the company’s debut of a “photo-centric cryptocurrency” called KODAKCoin earlier this week… you were wrong. In a further attempt to cash in on the cryptocurrency mania currently spreading across the world, Kodak has debuted its own bitcoin mining machine at CES.

The bitcoin miner is called the Kodak KashMiner, and you can rent it for just $3,400 and keep a share of the profits you make mining bitcoin for the next 2 years.

We’ll give you a moment to let the absurdity of those last few sentences soak in before we attempt to put this madness in context.


8 Risks You Must Be Aware of Before Trading in Cryptocurrencies

Cryptocurrency might be gaining mainstream appeal, but much like other new technologies, the average person isn’t aware of the all the risks involved. Most aren’t concerned with or even considering problems beyond issues associated with traditional trading, which puts them…





Cryptocurrency This Week: As Reliance Jio Plans To Launch JioCoin , KFC Announces Bitcoin Bucket And More

As we have stepped into 2018, despite a dream run in 2017, everyone appears to be sceptical about the future of Bitcoin and other cryptocurrencies in 2018. From the dark web of the cryptocurrency sources, mining, money laundering and investments to the glorious future of its benchmark technology i.e. blockchain that every organisation and government authorities are looking forward to, Bitcoin is caught in dichotomies at several levels.

As India and China have cracked down on cryptocurrencies, ‘Virtual Currency girls’ have raised the Bitcoin curiosity with their latest song “The Moon and Virtual Currencies and Me” humming with the lyrics that says, “It’s hell if you buy at a high price!…Don’t underestimate the market!”