It is reported that the popular app Douyin supports real-time quotes of multiple cryptocurrencies such as Bitcoin. This has made Bitcoin a rare hot search on Weibo. It is also considered to be one of the reasons for the increase of US$30,000 on the Bitcoin website. Many Chinese Crypto influencers also shouted that China was about to lift the encryption ban, but the market function only survived for less than 24 hours and was removed by Douyin.
Does TikTok support cryptocurrency quotes?
The popular app Douyin (Chinese version) is reported to support the price quotes of Bitcoin, Ethereum, Dogecoin, Shiba Inu Coin, etc., including displaying the opening, closing, highest price, lowest price, and increase and decrease data in RMB, and the Bitcoin Coin is defined as "P2P virtual encrypted digital currency".
Tron founder Justin Sun also forwarded this message:
#Bitcoin price is now live on Douyin 抖音 （@tiktok_us in China） pic.twitter.com/sgvdn70LQr
— H.E. Justin Sun (@justinsuntron) April 10, 2023
China’s big V shouts: Crypto ban lifted
Hong Kong’s recent friendliness towards crypto regulation is intriguing enough, and coupled with TikTok’s support for showing Bitcoin prices, it seems to cast doubt on whether China is about to lift its ban that has been in place since mid-2021.
Chinese crypto KOL Crypto Panda tweeted that according to reliable sources in China, China is only one step away from reopening crypto mining. Chinese miners who previously fled to the United States due to the ban are also migrating back to China in an attempt to take advantage of China's low prices again. energy costs to improve profitability.
But he also believes that China will repeatedly open up and ban Bitcoin mining in the future.
A reliable Chinese source told me China is inches away from re-allowing PoW mining (etc Bitcoin, Litecoin, Dogecoin)
Watch the US hash rates drop as Chinese nomad miners currently residing in the US flee for China again to take advantage of China’s low miner&electricity costs
— Crypto Panda (@NoodleofBinance) April 10, 2023
However, Douyin’s Bitcoin market function was immediately removed from the shelves in less than 24 hours, with relevant warning slogans.
Source: PANews
This article Douyin supports Bitcoin price trends, and big V shouts that China’s encryption ban is about to be lifted. First appeared on Chain News ABMedia.
