RATE Group | China asks for rationality that Ethereum 2.0 promises
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China asks for rationality that Ethereum 2.0 promises

29 Oct China asks for rationality that Ethereum 2.0 promises

Posted at 11:22h in Ethereum News by

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  • Chinese media call for caution when investing in companies related to China’s new big bet.
  • Migration from Ethereum to PoS is set to bring profitable and stable investments.
  • Technically, the market is in transition to a cleaner and more stable upward environment.

China remains in the spotlight among participants in the cryptocurrencies market. After a day in which everything that smelled of Blockchain became overbought in Chinese bags, authorities have made attempts to curb the euphoria of the state media.

In an early morning publication, the People’s Daily has launched a warning asking the population to learn to differentiate between cryptocurrencies and companies with some link to blockchain technology.

Many Chinese technology companies reached the upper limit of allowed fluctuation of 10% in Monday’s trading. Several of them are dedicated to the Blockchain industry, but also others that take advantage of the situation, adding references to the sector in…

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