// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> Bitcoin up 36% YoY after China warned BTC was ‘heading to zero’ – CoinsMegaNews

Bitcoin up 36% YoY after China warned BTC was ‘heading to zero’

2 years ago CryptoExpert
Bitcoin up 36% YoY after China warned BTC was ‘heading to zero’

[ad_1]

The government of China had been trying hard to make people believe that Bitcoin (BTC) would become worthless, but its predictions to date have been far off the mark. The original crypto currency has gained as much as 36% since official statements a year ago that it would become worthless.

Amid a wild bear market of 2022, the Chinese government attempted to capitalize on a massive market decline, warning crypto investors that Bitcoin prices were “heading to zero.”

Exactly one year ago, the Chinese national news media agency Economic Daily issued a warning about Bitcoin, in an effort to assure citizens that BTC was a worthless “string of digital codes.”

“In the future, once investors’ confidence collapses or when sovereign countries declare Bitcoin illegal, it will return to its original value, which is utterly worthless,” the article read.

While it’s yet to be seen whether Bitcoin is heading to zero one day, Bitcoin has not lost any value since the Chinese government made the warning. On the contrary, Bitcoin has significantly increased since the article was published.

According to data from CoinGecko, Bitcoin traded at around $20,000 by the time the Economic Daily released the article in June 2022. Twelve months later, BTC is trading at $28,852, up around 36% at the time of writing.

Bitcoin one-year price chart. Source: CoinGecko

Despite posting notable gains, Bitcoin has seen its ups and downs over the past year. The largest cryptocurrency by market cap dropped to as low as $15,700 in November 2022. Then, in April 2023, Bitcoin briefly crossed the $30,000 price mark.

Related: Hong Kong’s regulatory lead sets it up to be major crypto hub

China was one of the first countries in the world to take regulatory action against crypto. In 2017, Chinese regulators banned cryptocurrency exchanges from providing services in the country. Despite the ban, Bitcoin continued to hit its all-time highs, surging 1,900% all the way up to $20,000 by the end of 2017.

In 2021, China’s central bank announced a new ban on crypto, uniting forces with various Chinese authorities in order to crack down on local crypto activity. Just a few months after the ban was announced, Bitcoin hit its all-time highs at around $68,000 in November 2021.

Despite “banning” crypto in 2021, China has remained the second-largest Bitcoin miner in the world. The Chinese government also apparently allows citizens to own cryptocurrency and protects the rights of crypto investors.

Magazine: Hall of Flame: Peter McCormack’s Twitter regrets — ‘I can feel myself being a dick’

[ad_2]

Source link

Tags:

More Stories

Bank of Russia Supports Cryptocurrency Usage for International Settlements

Bank of Russia Supports Cryptocurrency Usage for International Settlements

1 year ago CryptoExpert
IMF Urges Ukraine to Finalize Crypto Legislation, Government Official Reveals

IMF Urges Ukraine to Finalize Crypto Legislation, Government Official Reveals

1 year ago CryptoExpert
South Korea to Unveil Guidelines Barring the Listing of Hacked Coins

South Korea to Unveil Guidelines Barring the Listing of Hacked Coins

1 year ago CryptoExpert
Uniswap Labs Receives SEC Wells Notice, Founder Vows to Fight

Uniswap Labs Receives SEC Wells Notice, Founder Vows to Fight

1 year ago CryptoExpert
Lawmaker Highlights 2 Bills to Make US a Crypto Leader — Says Bitcoin Is ‘Unstoppable’

Lawmaker Highlights 2 Bills to Make US a Crypto Leader — Says Bitcoin Is ‘Unstoppable’

1 year ago CryptoExpert
Vaneck CEO Expects SEC to Reject Spot Ethereum ETF Applications in May

Vaneck CEO Expects SEC to Reject Spot Ethereum ETF Applications in May

1 year ago CryptoExpert

Leave a Reply

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

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Online Gambling Establishment Real Money: A Comprehensive Overview to Winning Large

4 days ago xtw18387208b

How to Deposit at Online Gambling Establishments Using Neteller

4 days ago xtw18387208b

Free Online Slots No Download: The Ultimate Guide

4 days ago xtw18387208b

The Best Places to Play Casino Games Online

4 days ago xtw18387208b