NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

China’s Largest Financial News Service Adds Bitcoin, What Does it Mean?

Davit Babayan
Davit Babayan
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Even a ban did not stop China’s most significant financial news provider from supporting cryptocurrencies such as bitcoin.

Sina Finance, the world’s 32nd largest financial news portal, on Wednesday introduced a new cryptocurrency index, which lists the price and time-based performance of all the top digital assets. A snapshot provided by cnLedger, a preferred source of all the crypto-related news from China, showed bitcoin listed alongside bitcoin cash, litecoin, XRP, ether, ethereum classic, and tether.

bitcoin, sina finance
Sina Finance Introduces Cryptocurrency Price Index amidst China Ban on Bitcoin Trading | Image Credits: cnLedger

According to further information provided by cnLedger, Sina Finance also added candlestick charts, accompanied by a cryptocurrency and blockchain news feed.

Bitcoin Demand in China

Sina Finance did not release any press statement regarding its new set of cryptocurrency-friendly features. Nevertheless, the useful integrations follow a string of reports about how the demand for bitcoin among Chinese investors is once again rising. With the cryptocurrency returning to helm after registering more than 200 percent in year-to-date returns, the internet search trend for the keyword ‘bitcoin’ is picking up momentum, reflecting upon the need for services such as the one introduced by Sina Finance.

cnLedger reported in June that an application developed by Huobi, a former Chinese cryptocurrency exchange, was trending higher on China-based Apple’s App Store.

Bulls are back? According to online data service providers (such as Qimai and Kuchuan), crypto app Huobi is now the 7th hottest searched keyword in Chinese iOS App Store.

Data source (in Chinese):https://t.co/Xiea2kI5L6https://t.co/nJSqY6p9mW

— cnLedger (@cnLedger) June 24, 2019

The data corroborated with a report covered by the Block’s Larry Cermark, which highlighted the volume of Google searches for the cryptocurrency exchanges-related keyword going higher in Asia. So while Binance, Coinbase, and BitMEX reported an increase in website traffic, OkEX and Huobi registered an explosive influx of users.

bitcoin, baidu, bitcoin price
Bitcoin Trend on Baidu Went Three Times Up than in the Previous Six Months | Image Credits: Baidu

Simultaneously, Baidu keyword analytics showed a three times surge in bitcoin-related trend last week than during the previous six months. Louis Aboud-Hogben, the general partner at Wyre Capital Management LLC, stated that the numbers for bitcoin went up despite a weaker coverage of bitcoin price rally by Chinese media.

“It looks like the level of activity is already at a meaningful % of the (choppy) numbers seen during the 2017/18 bubble (~40,000 now vs. ~60,000). Not sure how like-for-like this index data is but it suggests the market is a lot hotter in China [region] vs. west.”

Legitimacy Returning?

The latest series of events followed by the bitcoin price boom indicates that the Chinese ban on cryptocurrency trading is not working. The evidence is on the face also because of a pro-bitcoin report published by a state-run media agency in China. The Xinhua News Agency, regulated by the Chinese government, called bitcoin a “safe haven” asset as it discussed the potential of Libra, the Facebook token, to bring more users to the cryptocurrency sector.

“Bitcoin has a good chance to be widely used in the future, but it is still a growing ‘grassroots experiment,’”  the report stated.

With Sina Finance supporting it, bitcoin is surely becoming a legitimate asset in China.

Tweet123Share196ShareSend
Davit Babayan
Davit Babayan

Davit Babayan

Davit Babayan is an Armenia-based expat balancing the academic life of a software design engineer with the experiences of a financial technology journalist. He aspires to be a full-time columnist and wants to write a book that would be called, "A Homeless Who Found Bitcoin."

Leave a Reply Cancel reply

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

Leave a Reply Cancel reply

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

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum Bitcoin news

Ethereum Will Flip Bitcoin, Predicts Tom Lee: Here’s Why And When

Tom Lee says Ethereum can overtake Bitcoin—“flip” it—by playing for dollar-dominance in a world of tokenized assets, even as he...

Jake Simmons 6 hours ago
altcoins, crypto crash, crypto koers, crypto nieuws, solana, solana koers, solana crypto, solana prijs, altcoin, altcoins

Solana verliest $195 support – kan SOL dit herpakken en naar $300 gaan in 2025?

De Solana koers heeft net als de rest van de markt vandaag weer een tegenslag te verwerken. Op het moment...

Lars Diederiksen 6 hours ago
Gold BTC

Zlato na vrhuncu – ali bo naslednji boom pripadel Bitcoinu?

Še en dan, še en nov rekord za zlato. Cena XAU/USD je v četrtek dosegla nov rekord v višini 4.300...

tanjapotocnik 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Dogecoin news

Dogecoin Faces ‘Do-Or-Die’ Moment Ahead of October 23, Analyst Says

Jake Simmons 47 minutes ago
XRP

Boom Incoming? XRP’s Market Setup Looks ‘Explosive,’ Analyst Says

Christian Encila 1 hour ago
Bitcoin

Bitcoin Miners Flood Binance With 51K BTC — Is A Sell-Off Imminent?

Christian Encila 4 hours ago

Premium Sponsors

Press Releases

  • Най-добрите крипто пресейлове защо се прогнозира Maxi Doge да нарасне 100x до 2026 г.

    Най-добрите крипто пресейлове...

    5 hours ago
  • ドージコイン 今後 の価格見通し:ETF期待とクジラ買い集めが示すブレイクアウトの兆し

    ドージコイン 今後...

    7 hours ago
  • リップル 今後の価格予測:5倍ETF申請で上昇に拍車か — 100ドル到達は目前?

    リップル...

    7 hours ago
  • 仮想通貨プレセール注目:2,390万ドルを突破した新世代ビットコイン系プロジェクト

    ...

    7 hours ago
  • 仮想通貨おすすめ:ソラナが500ドルへ?次に急騰が期待される新プロジェクト

    ...

    8 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.