Point Roberts, WA and Delta, BC – September 24, 2021 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.
Listen to today’s Crypto Corner Podcast:
Crypto Corner Podcast 681: Stocks discussed: (NYSE: TWTR) (NasdaqCM: HIVE)
Stocks discussed: (NYSE:TWTR) (NasdaqCM:HIVE)
China has stepped up its restrictions on the crypto space with the People’s Bank of China (PBOC) stating that “all crypto-related activities are illegal,” according to a report from CNBC. This includes “services offering trading, order matching or derivatives for virtual currencies,” as well as overseas exchanges. This follows the Chinese government’s decision to ban crypto mining earlier this year, and the PBOC’s banning of banks and non-bank payment institutions from providing services related to virtual currency. Constantine Tsavliris, head of research at crypto data site CryptoCompare, told CNBC:
“The recent news by China serves as an extension of previous announcements in May regarding a crackdown on cryptocurrency mining and bans on financial and payment institutions from crypto-related services. As a result of the bans, we previously saw a short-term sell-off and a shift in mining away from China, followed by a swift recovery throughout July and August.”
Perhaps unsurprisingly, the crypto