Overlooking the Chinese regulatory concerns, bitcoin prices are surging 15% Wednesday amid historic adoption in El Salvador.
China's cryptocurrency crackdown, which crashed markets last month, intensified Wednesday with another province ordering all crypto-mining operations to shut down just hours after popular Internet companies started censoring searches for three of the nation's largest crypto exchanges, but bitcoin prices are skyrocketing after El Salvador's historic adoption measure—in hopes that other countries will follow suit....
In its announcement, the province said it would conduct follow-up inspections on randomly selected supercomputing centers to ensure compliance and punish anyone violating the ban.that Baidu, the nation's most popular search engine, and social media site Weibo started blocking searches for cryptocurrency exchanges OKEx, Huobi and Binance, which is the world's largest based on volume.seeing when searching for any of the exchanges on Weibo.
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