Bitcoin Gains Momentum in Hong Kong, Alipay Bans all Bitcoin-Related Transactions and Bitcoin is trading around 8.400 USD
Here is your daily overview of important, interesting and market moving crypto news.
Bitcoin gains momentum in Hong Kong
Anthony Pompliano, Morgan Creek Digital co-founder, tweeted that Bitcoin’s non-seizability becomes very attractive for 1+ billion people in India & Hong Kong because of their concerns about monetary sovereignty.
Hong Kong saw a giant spike in trading on Bitcoin exchange Localbitcoins, seeing 12.3 million HKD ($1.57 million) change hands in the week ending Sept. 28.
Alipay Bans all Bitcoin-Related Transactions
Alipay, the digital payment arm of Chinese e-commerce giant Alibaba, has declared that it will be banning any transactions related to Bitcoin and other cryptocurrencies.
The company is closely monitoring over-the-counter transactions to identify irregular behavior and ensure compliance with relevant regulations.
Bitcoin is Trading Around 8.400 USD After Short Spike
After a short spike upwards this morning that breached 8.800 USD for a moment, Bitcoin is currently trading slightly lower around 8.400 USD.
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