Chinese media has started eyeing on the cryptocurrency news due to the spiking interest of the public in digital assets and its underlying technology Blockchain.
Sina Finance, the leading Chinese online publication has recently enhanced its services towards the cryptocurrency readers while providing the new feature- Crypto Index, which has just rolled out. The latest information came in the news through Cnledger’sTweet on July 3rd.
Sina has approximately 100 million registered users from all over the world as per the data available on Wikipedia. Undoubtedly, the Chinese technology company very well leveraging its major userbase in the mainstream platform to create awareness related to cryptocurrency and simultaneously educating and updating the masses.
Reportedly, the crypto index feature is initially available on the news app of Sina Finance and not on the desktop version. The finance and tech media business line of Sina Corp is also providing the latest news related to the crypto sector.
As per the information, the new crypto index feature would facilitate the onlookers to get the data related to the top cryptocurrencies’ price fluctuation and movement in the market sentiments, which is visibly creating the FOMO in the crypto market from quite a long time. Cnledger’s tweet displays the information through a screenshot which is indicating Bitcoin (BTC), Ether (ETH), Ripple (XRP), Bitcoin cash (BCH), and Litecoin (LTC) are among the few names of the crypto assets.
On July 4th, another Chinese tech and startup news outlet, Technode reported that Sina Finance hasn’t yet announced anything related to its new feature.
Technode has outlined the concerns and the pessimistic approach of the country over the adoption of cryptocurrency which has published by state-run publication Global Times:
“China may find itself in a passive position within the currency competition if the nation cannot participate in this new phase of digital economic revolution. There is also a probability that it could suffer a setback of losing its advantages within the internet and financial technology sectors.”
On September 2017, the Chinese government banned cryptocurrency businesses, initial coin offerings (ICOs) in the country. Due to the hostile surroundings, the leading cryptocurrency establishments had to shift their base in the crypto friendly nations such as Huobi has shifted its new headquarters in Seoul, South Korea.
Recently, the Chinese versatile messaging app WeChat has also banned cryptocurrency transactions due to payment regulations in the country which is possessing a massive number of 1 billion population.
Tags: China, Cryptocurrency, WeChat, Huobi, Sina Finance, Crypto Index, Bitcoin Regulation, Initial Coin Offerings, Cryptocurrency Exchanges .