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The Peoples Bank of China (PBOC) has reiterated its position on crypto trading, vowing the immediate disposal of cryptocurrency exchanges. For weeks China’s strict attitude towards cryptocurrencies has seemingly morphed into something less stringent. Blockchain technology has been championed within the country, and a lighter touch was implemented in regards to bitcoin mining. This inconceivable 360 on crypto – which has been responsible for a considerable increase in overall sentiment – has come full circle. In a classic case of blockchain, not bitcoin, China is now looking to reinstill its uncompromising stance on cryptocurrency trading. According to an official notice from the PBOC, the need to address the trading ban cropped up due to the increase in “virtual currency speculation.” The People’s Republic has been entirely on board the blockchain bandwagon of late, which in turn has lead to a perceived increase in trading activity. The roughly-translated notice reads:The People’s Bank of China will continue to implement the requirements of the “Announcement” [2017 ban] and continuously monitor the virtual currency business activities within the jurisdiction. Once it is discovered, it will be disposed of immediately, and it will be prevented from happening early. The notice began with an explainer, that read:In recent years, speculations related to virtual currency (such as ICO, IFO, IEO, IMO, and STO) have been refurbished and speculative, prices have skyrocketed, and risks have gathered rapidly. Relevant financing entities through the illegal sale, circulation of tokens, raising funds to investors or bitcoin, Ethereum and other virtual currency, which is essentially unauthorised illegal public financing, suspected of illegal sale of tokens, illegal issuance of securities and illegal fund-raising, financial fraud, pyramid schemes and other illegal crimes have seriously disrupted the economic and financial order. Interestingly this crackdown comes after several confusing reports of a police raid on two Shanghai-based exchange offices of Bithumb and Binance. The most prominent of the two instances involved Binance. On November 22, reports broke of a police raid on Binance exchange offices in Shanghai. However, this was almost instantly debunked by Binance boss, Changpeng ‘CZ’ Zhao. CZ suggested that the raid rumors were simply a competitive play by rival exchanges spreading “FUD.”A Binance spokesperson speaking to Bloomberg later corroborated this. Adding to the confusion, however, the representative noted that Binance doesn’t even have an office in Shanghai. A spokesperson for Bithumb similarly revealed that no raid occurred and that their operations within Shanghai continue “steadily without pause.”FUD or not, this seems to have had a direct impact on bitcoin’s price. BTC cited losses of 10% on Friday, coinciding with the news of the raids. Now with China’s reinstated crackdown on exchanges, it seems the markets could be in jeopardy once again.
#binance #worldcoinindex #bitcoinatmlocations #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange
China Vows ‘Immediate Disposal’ of Crypto Exchanges As Bitcoin Plummets: https://www.youtube.com/watch?v=Kma5zmqIK9Q
Immediate Edge: http://go.2track500.com/SHII Immediate Edge is a forex, crypto and binary options trading robot. There are scam brokers around that use platforms like Immediate Edge to get people to make deposits and steal their money. That is the reason why we reviewed this particular robot. Our investigation has revealed that Immediate Edge is not part of any scam and you can actually make money on it.
How it works specifically is that thanks to the algorithm it is based on, it allows traders to sit back and wait for the software to do all the work for them, including placing the actual trades. Not only the trades are placed automatically, but they are actually often more accurate than the trades placed by expert traders, meaning that beginners now have similar chances of profiting from the crypto market as expert traders. The advantage that auto trading robots have though, is that they do the market analysis within seconds and place often accurate trades accordingly. Expert traders on the other hand, have to spend hours analysing all the information they need to be able to find out what is the most profitable trade at that point in time.
Keep in mind though, that even with a reliable and highly successful robot like Immediate Edge, there is a margin of error. Due to its high volatility, not even the best auto trading robot out there can predict changes in the cryptocurrency market with 100% accuracy, you will run into losses at some point.
How does Immediate Edge work?
As we briefly mentioned before, Immediate Edge is based on a sophisticated algorithm allowing the software to scan the markets for tradable insights. InsideBitcoins can confirm the reliability of such software. In other words, the robot is completely automatised, meaning that there is not an individual person or group of people controlling how it functions. All you have to do to start trading is sign up and deposit your funds, that is pretty much it. You do have to spend a few minutes a day to check your trading settings though, but we will get back to that in our step-by-step guide later on. The most important thing you should know is that to be able to use Immediate Edge, you are not required to know anything about online trading. The whole point of bitcoin robots like this one is to provide inexperienced users with an opportunity to make as much money as experienced traders with an automatic, sophisticated and accurate trading platform.
Immediate Edge promises profits of $950-$2,200 a day. We’ve found that to be a bit exaggerated considering that we only made $122 but it also has to be said that the more you invest, the higher are your potential returns. In our case, we only invested $250, which is why our profit was so low. Please be aware though, that you can run into losses, so start off with minimum investments and see how that goes. You can then choose to increase your investment amounts to try and make more money.
Who founded Immediate Edge?
The founder of Immediate Edge is Edwin James. According to the website, he made billions with forex, crypto and binary options trading. He claims to be sharing his secret trading strategies through the Immediate Edge app. According to him, the platform was designed to give new traders the opportunity to make money in less than three minutes after they’ve signed up.
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