And the number of searches for the word ‘blockchain’ on Baidu and WeChat through the roof and gone. Bitcoin (BTC) to benefit in the slipstream with it. Following is the public statement of the Chinese president, Xi Jinping, for blockchaintechnologie last week.
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The keyword ‘blockchain’ on Baidu and WeChat
The word ‘blockchain’, is more than 72.000 times to search in the search engine Baidu, last Friday, an increase of 1383% (!) compared to the previous day. Also, in the WeChat, there has been a growth of 329%, and there are more than 3.3 million copies of the word search.
That was this weekend, happily, with Saturday, the search volume on both WeChat including Baidu, with a 170% increase reported in The Block of Crypto.
The keyword bitcoin
Bitcoin can be seen as the search term is less popular than the blockchain, so it was on Friday even, there is a slight dip from the 5% of search queries. But on Saturday we hit the emotion fully in order to both on WeChat (+144%) and Baidu (+216%) were looking for a Chinese internet users are keen on bitcoin.
Volume on WeChat (crc) to The Block Encryption)
Search volume on Baidu (The Block Encryption)
President Xi has been at a rapid pace, a partijbijeenkomst stressed that his country will work to make blockchaintechnologie, and there is a worldwide market leading position, and should be, acquired.
The standing committee of the National people’s congress in China adopted the new regulation was created in the field of cryptography. The new rules are going to be in at the start of the year 2020.
Bitcoin ban?
It is, of course, is the question of what bitcoin is this is possible to take advantage of.
Anthony ‘the Pump’ Pompliano, there was this weekend when the chickens are in with a shout. China is large-scale, bitcoins are going to buy and that it would produce a reaction by the united states government. He could, however, play a game of keep up.
Someone tell President @realDonaldTrump is that there are only 21 million Bitcoin, and China has been planning to buy them all.
This is going to be the real US – China competition.
That should get him to pay attention.
The guy hates losing, and will try to buy them all??
Pump ? (@APompliano) As Of October 26, 2019
But the question is whether China and the united states is a such bitcoin path between them. This is the will of the People’s Bank of China (PBoC), the central bank of China, the first major central bank in the world in their own cryptomunt are going to spend.
In addition to the technological advantages, that the party members also have greater control over the economy, the engine is a bit stiffer to walk. In a centrally designed and controlled, stablecoin would be against the principles of bitcoin as digital cash is without any censorship.
It is known that the Chinese mining companies on the border and go and have a look. Thus, Bitmain, just recently, a huge mining farm in the Us, Texas is opened.
Also, the legal status of bitcoin is still uncertain. The market is not illegal, but it is not a question of the public supporting the law. May be it will change in the future, but the focus is still mostly on private blockchaintechnologie to do.
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