Press Releases
By Sydney TheCMO
1 / 11
There was blood on the crypto market streets on Wednesday after a Reuters publication suggested that China was intensifying its crackdown on cryptocurrencies through an extended…
2 / 11
Unfortunately, the Reuters article may have stretched the seriousness of the situation and seems to have been structured in a manner that would cause fear, uncertainty, and doubt…
3 / 11
The China Payment and Clearing Association, China Banking Association, and China Internet Finance Association collectively released a statement warning people about the risks of…
4 / 11
The statement noted that institutions that are members of the financial and payments industry in China would not offer cryptocurrency-related services, such as crypto settlements…
5 / 11
The Reuters publication suggested that China’s new crypto crackdown appeared to be an extension of the 2018 and 2019 ban on cryptocurrency-related activities such as mining and…
6 / 11
It also means China's citizens are still free to engage in cryptocurrency trading, and no crackdown is ongoing.
7 / 11
FUD was the real reason for the massive sell-off on Wednesday
8 / 11
It is now clear that there is no recent Chinese regulatory development that threatens the existence or success of cryptocurrencies.
9 / 11
Whenever there are strong gains, a market correction will inevitably take place. It might be a nightmare for hodlers, but such a situation presents opportunities for retail…
10 / 11
The market’s sensitivity to cryptocurrency-related news almost certainly means that Biden’s announcement might trigger some further sell-offs or at least briefly hold back the…
11 / 11
The latest cryptocurrency market crash highlights the dangers of FUD due to unfavorable news regardless of whether it is true or not, or even fresh news for that matter.
The Currency Analytics
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