Monday, June 7, 2021
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
All News
  • Home
  • Business
  • Technology
    • Tech News
    • Tech Reviews
  • Finance
  • Marketing & Advertising
  • Investment
  • Cryptocurrency
No Result
View All Result
  • Home
  • Business
  • Technology
    • Tech News
    • Tech Reviews
  • Finance
  • Marketing & Advertising
  • Investment
  • Cryptocurrency
No Result
View All Result
All News
No Result
View All Result

Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance – Bitcoin News

by All News Admin
June 7, 2021
in Cryptocurrency
0
Home Cryptocurrency
Share on FacebookShare on TwitterShare on Email


Sina Weibo, the Chinese language equal of Twitter, banned the accounts of a number of key cryptocurrency and defi influencers within the nation yesterday, based on studies from native sources. This is likely to be a continuation of the anti-crypto stance the Chinese language state has been exerting since 2013, and extra profoundly within the final days with the crackdown of the state on crypto buying and selling and mining.

Sina Weibo Suspends Crypto-Associated Accounts

Sina Weibo, the Chinese language substitute for Twitter, has lately banned the accounts of a considerable amount of cryptocurrency and decentralized finance (defi) associated accounts from its platform. This was announced by Colin Wu, an area cryptocurrency journalist, utilizing his Twitter account dubbed “Wu Blockchain.” Based on the reporter, this is likely to be the logical continuation of the most recent crackdown the Chinese language authorities is orchestrating to ban buying and selling and mining in its territory.

Wu states the suspension of those accounts can have an effect on how Chinese language merchants conduct enterprise any longer, as a consequence of its massive following. Wu tweeted on the topic, declaring:

The entire variety of followers of those folks is greater than 5 million, and their affect on Chinese language retail buyers will not be lower than Musk. The accounts blocked by the Chinese language authorities are primarily recommending funding and buying and selling crypto to retail buyers.

Weibo, alongside Wechat, is likely one of the hottest social networks within the nation, and a big proportion of Chinese language residents use it every day to learn in regards to the information that’s not usually featured in mainstream Chinese language media. However, this different platform can be monitored and watched by authorities censors.

Whereas Sina Weibo has not made an official assertion of why these accounts associated to cryptocurrency had been banned, all the accounts have a factor in frequent: they’ve “Bitcoin” (比特币) of their person names.


Not the First Time

As alarming as this may appear, this isn’t the primary time that Sina Weibo applies actions of this type. Earlier this yr, the social media platform additionally charged towards the accounts of Okex, Huobi, and Binance by suspending them with none warning. This is likely to be simply the beginning of a set of actions directed to accentuate the assault on these actions at a authorized degree. On this, Wu stated:

Chinese language social media and media are managed by the Propaganda Division. As for cracking down on Bitcoin transactions, the official media are attacking collectively. Subsequently, the present ban on social media accounts and content material involving cryptocurrency is steady.

A number of key exchanges and different firms have preemptively exited China markets, as a warning measure earlier than a doable crackdown within the following months or days towards cryptocurrency-related actions.

What do you concentrate on Weibo’s final actions on crypto accounts? Inform us within the feedback part beneath.

Tags on this story
China, Colin Wu, Crackdown, Cryptocurrency, Exchanges, influencers, kol, mining, Laws, sina weibo, buying and selling

Picture Credit: Shutterstock, Pixabay, Wiki Commons





Source link

Tags: AccountsAntibitcoinChinacracksCryptoNewsrelatedStancestrengthensWeibo
Previous Post

Never Going Back – Investment Watch

Next Post

Watch Apple’s WWDC keynote live right here – TechCrunch

Related Posts

Cryptocurrency

Unsure about buying the dip? This key trading indicator makes it easier

June 7, 2021
Cryptocurrency

Square Takes a Swipe at the Bitcoin Energy Debate With $5 Million Solar Mining Investment – Bitcoin News

June 6, 2021
Cryptocurrency

The impact and importance of energy use for PoW

June 6, 2021
Cryptocurrency

‘Blogger by Day, Trader by Night,’ Binance Runs Advertising Campaign in Major Ukrainian Cities – Exchanges Bitcoin News

June 6, 2021
Cryptocurrency

Why Bitcoin’s next breakout may not be an altcoin season signal

June 6, 2021
Cryptocurrency

Floyd Mayweather Gets Booed at Bitcoin Event for Saying ‘Another Crypto Will Be Just as Big as BTC’ – Bitcoin News

June 5, 2021
Load More
Next Post

Watch Apple’s WWDC keynote live right here – TechCrunch

Welcome to London says London – if you can get here

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECENT UPDATES

UK house price inflation hits seven-year high, as Wales leads way – business live | Business

June 7, 2021

YC-backed Ziina raises $7.5M seed led by Avenir Growth Capital and Class 5 Global – TechCrunch

June 7, 2021

Welcome to London says London – if you can get here

June 7, 2021

Watch Apple’s WWDC keynote live right here – TechCrunch

June 7, 2021

Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance – Bitcoin News

June 7, 2021

Never Going Back – Investment Watch

June 7, 2021

Apple paid millions to settle a woman's claims that, after sending her iPhone to Apple for repair, technicians uploaded her nude photos to her Facebook account (James Titcomb/Telegraph)

June 7, 2021

Gold Is Good But Bitcoin Better for $7.5 Billion Hedge Fund

June 7, 2021

6 secrets of the female image

June 7, 2021

Kanye and Kim Kardashian’s Daughter, North West, Makes It On The List of Richest Kids in America

June 7, 2021

Unsure about buying the dip? This key trading indicator makes it easier

June 7, 2021
Load More
Facebook Twitter LinkedIn Tumblr
All News

Get the latest news and follow the coverage of Business, Finance, Tech, Marketing & Advertising, crypto updates and more from the top trusted sources.

Categories

  • Business
  • Cryptocurrency
  • Finance
  • Investment
  • Marketing & Advertising
  • Tech News
  • Tech Reviews
No Result
View All Result

Site Map

  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2021 All News.
All News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Business
  • Technology
    • Tech News
    • Tech Reviews
  • Finance
  • Marketing & Advertising
  • Investment
  • Cryptocurrency

Copyright © 2021 All News.
All News is not responsible for the content of external sites.

  1. https://radlab.org/
  2. https://hutanpapua.id/
  3. https://bangkutaman.id/
  4. https://rmolsorong.id/
  5. https://investigasi.id/
  6. https://www.transloka.id/
  7. https://www.desbud.id/
  8. https://allnews.id/
  9. https://karangtanjung-desa.id/
  10. https://barka.starcarehospital.com/
  11. https://mabela.starcarehospital.com/
  12. https://seeb.starcarehospital.com/
  13. https://bousher.starcarehospital.com/
  14. https://jaknaker.id/
  15. https://www.inklusikeuangan.id/
  16. https://starcarehospital.com/
  17. https://beechhotel.com/
  18. tradition-jouet.com
  19. agriculture-ataunipress.org
  20. eastgeography-ataunipress.org
  21. literature-ataunipress.org
  22. midwifery-ataunipress.org
  23. planningdesign-ataunipress.org
  24. socialsciences-ataunipress.org
  25. communication-ataunipress.org
  26. surdurulebiliryasamkongresi.org
  27. surdurulebilirkentselgelisimagi.org
  28. www.kittiesnpitties.org
  29. www.scholargeek.org
  30. addegro.org
  31. www.afatasi.org
  32. www.teslaworkersunited.org
  33. www.communitylutheranchurch.org
  34. www.cc4animals.org
  35. allinoneconferences.org
  36. upk2020.org
  37. greenville-textile-heritage-society.org
  38. www.hervelleroux.com
  39. crotonsushi.com
  40. trainingbyicli.com
  41. www.illustratorsillustrated.com
  42. www.ramona-poenaru.org
  43. esphm2018.org
  44. www.startupinnovation.org
  45. www.paulsplace.org
  46. www.assuredwomenswellness.com
  47. aelclicpathfinder.com
  48. linerconcept.com
  49. palembang-pos.com
  50. dongengkopi.id
  51. jabarqr.id
  52. wartapenilai.id
  53. isrymedia.id/
  54. onemoreindonesia.id
  55. yoyic.id
  56. beritaatpm.id
  57. kricom.id
  58. kongreskebudayaandesa.id
  59. puspresnas.id
  60. ubahlaku.id
  61. al-waie.id
  62. pencaker.id
  63. bpmcenter.org
  64. borobudurmarathon.id
  65. festivalpanji.id
  66. painews.id
  67. quantumbook.id