Since Bitcoin became mainstream on the market, there have been numerous talks regarding whether it would be wise for governments to implement a set of regulation, meant to protect both the public, but also companies from abuse, and possible market manipulation.
While the market is divided into two sides, with one side believing that regulation will spell the end of the bitcoin haven, whereas the other thinks that some form of regulation is wise, this is indeed a sensible topic.
During the last couple of months, the attitude of Chinese authorities towards Bitcoin and Bitcoin Exchanges has become quite offensive, considering the numerous threats made towards exchanges that do not fully comply with the regulations put in place by the Chinese Government.
Recent reports indicate that a couple of major Chinese bitcoin exchanges, including BTCC, will now stop both bitcoin and litecoin withdrawals for a month. This particular suspension will likely last until the 15th of March, as BTCC and other exchanges try their best to comply with the new set of regulations put into place by the Chinese authorities, as a direct crackdown towards exchanges.
Surprising news from the realm of Bitcoin, as the world-loved digital currency has just managed to reach its highest level in more than two years.
If you’re not yet aware, the cryptocurrency has managed to break the $700 barrier, and is valued at $709 at the time of writing. This is bitcoin’s highest value since February 2014, thus showcasing its true potential as more and more people decide to switch to it. In fact, during the last month alone, the value of bitcoin has increased by over 51%.
This Christmas, as a way of supporting the Bitcoin ecosystem, mining giant and bitcoin exchange BTCC decided to donate and deploy 100 full nodes across a total of five continents. So far, this move has been applauded by many members of the community.
