Shanghai Man: Bitcoin interest drops in China amid crackdown on social media and miners

Shanghai Man: Bitcoin interest drops in China amid crackdown on social media and miners


This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.

This week, following a tumultuous few weeks of regulation, the Bitcoin world’s focus shifted to Miami and Latin America. Searches for Bitcoin on China’s most popular social media app WeChat stabilized between 1-3 million per day, a stark difference from the peaks of over 10 million that were seen in late May.

Weibo and Baidu half pulls the plug

Trending: 8 BOXES REMAIN – Hand Recount Nearly FINISHED – HUGE Discrepancies Expected – NO BALLOTS = NO VICTORY

Baidu, China’s dominant search engine, restricted searches for exchanges Binance, Huobi, and OKEx early in the week. Typically, large internet companies work under the watchful eye of government and party officials, making this move somewhat expected. Filtering out keywords isn’t always the most effective solution, as searches for “Binance App Download” would still take users to the requested link. It’s worth pointing out that the government has limited authority

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