BTC trading volume in Hong Kong seems to be increasing constantly as the protests keep on raging due to the political turmoil as previously reported in the cryptocurrency news. Bitcoin’s volume on P2P exchanges surged to an all-time high over the past week.
The major cryptocurrency boom in late 2017 and early 2018 delivered some massive bitcoin trading volume in Hong Kong and as the value decreased in the upcoming months, so did the trading volume. However, the trading volume for BTC against the Hong Kong dollar on LocalBitcoins reached a new all-time high last week. The recent volume of almost $12,300,000 surpassed one of the 2017 booms.
The protesters in Hong Kong want to obtain further distance from mainland China and some of the people avoid using prepaid Octopus e-payment cards which are monitored by the apps that they use. Bitcoin emerged as an alternative because of the peer-to-peer nature and it is now widely considered to be an anonymous payment method. As of yesterday which was supposed to be a celebratory day for China, more than 20,000 active protesters in Hong Kong escalated the situation. There was even a young person who was shot in the chest and more than 200 arrests on the day. The method of governing mainland China and Hong Kong appears to be heading in the wrong direction.
buy female viagra online http://www.gfrpartners.com/wp-content/themes/twentyfourteen/inc/new/female-viagra.html no prescription
The people of Hong Kong are turning against mainland China and even a cyberattack was launched from the network of computers aimed at the Telegram group which was used by the protestors.
Very shortly afterward, the Hong Kong police arrested the administrator of another Telegram chat group with more than 20,000 members. The protests as mentioned before in the latest blockchain news are taking a new approach towards the digital world. the technology is being used by the authorities so the blockchain technology aims to be the next step as it was illustrated by the recent spike in Bitcoin’s trading volume in the country. In other words, Hong Kong is paying more for Bitcoin because of the destabilization of their national (fiat) currency. Despite the fact that BTC/USD lost around 9% this week, the move pales in comparison to the peso holders in Argentina which saw 30% losses over the same period
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com
Discussion about this post