I invested in
Bitcoin when it was worth just a few hundred dollars."（我当初在比特币价值几百美元的时候就进行了投资。）
Many people believe that
Bitcoin will revolutionize the way we handle money."（许多人认为比特币将彻底改变我们处理金钱的方式。）
The price of
Bitcoin has skyrocketed over the past year."（过去一年，比特币的价格飞涨。）
She's been hesitant to invest in
Bitcoin due to its volatility."（她对投资比特币持犹豫态度，因为比特币价格波动很大。）
He mined some
Bitcoin and became a millionaire overnight."（他挖了一些比特币，一夜之间成为百万富翁。）
The future of
Bitcoin is uncertain, but many experts think it has potential."（比特币的未来充满不确定性，但许多专家认为它有潜力。）
The government is considering regulations for cryptocurrencies like
Bitcoin."（政府正在考虑对如比特币这样的加密货币进行监管。）
Some people argue that
Bitcoin could be used for illegal activities."（有些人争论说，比特币可能被用于非法活动。）
Many businesses now accept
Bitcoin as a form of payment."（许多企业现在接受比特币作为支付方式。）
The concept of
Bitcoin is quite complex, even for those familiar with technology."（即使是熟悉科技的人，理解比特币的概念也相当复杂。）
Founded in 2010, the company is a leading application-specific integrated circuit chip design company and a leading Bitcoin mining machine producer in the global market in terms of computing power sold in 2019, according to its prospectus, citing a report by consulting and research firm Frost & Sullivan.
根据其招股说明书引用的咨询和研究公司弗若斯特沙利文的报告，该公司成立于2010年，是一家领先的应用特定集成电路芯片设计公司，并且在2019年按售出算力计算，是全球市场中领先的比特币挖矿机生产商。
The world's second-largest bitcoin mining manufacturer Canaan Inc raised $90 million in its initial public offering in Nasdaq on Thursday, making it the first Chinese blockchain company to get listed.
Facebook is unveiling plans to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce on its services and boost ads on its platforms.
In 2009, Bitcoin launched its genesis block and established itself as the first self-sustaining peer to peer digital financial system which incentivized participants to maintain its operation and provided limited but highly disruptive functionalities.
It vowed to crack down on bitcoin mining and trading, and prevent individual risk to spread to society.
Different from their predecessor bitcoin, which first appeared a decade ago, their value is linked to a pool of assets that can ensure a stable price for these "coins".
Experts said that compared with bitcoin and other cryptocurrencies, stablecoins may be more capable of acting as a means of payment and for storing value.
"Most of the "first generation" of crypto assets, mainly created based on blockchain technology — with Bitcoin being the best-known — have served investors more as a highly speculative asset.
Since Bitcoin was introduced in 2008, accounts in this form of currency now account for more than 60 percent of the total of cryptocurrencies' market value, according to a study by the Cheung Kong Graduate School of Business, headquartered in Beijing.
Jean-Michel Godeffroy, president at JMG Consulting and a former official with the European Central Bank, said central banks had not reacted so nervously to Bitcoin as they had to Libra, as it is much more likely that the latter could become a real currency.
Wang Yongli, former president of Bank of China, said on Saturday that to achieve stable prices, central banks should not follow Bitcoin in using "mining" to create new CBDCs.
The project will explore capabilities pertaining to distributed ledger technology, a fundamental technology of cryptocurrency such as the Bitcoin, by developing a proof-of-concept prototype, to facilitate real-time cross-border foreign exchange payment-versus-payment transactions in a multijurisdictional context and on a 24/7 basis.
It has been over a decade since Satoshi Nakamoto put forward the concept of bitcoin in 2008.
As the underlying technology of bitcoin, blockchain has become better known by more people, and it is bringing new perspectives to many industries while being applied to many business scenarios.
Blockchain is a ledger where transactions of cybercurrencies, such as bitcoin, are recorded.
Each bitcoin is digitally signed each time it travels from one owner to the next.
The former represented by bitcoin is usually an anonymous system, while financial scenarios require users to have real names, asset registration, and meet regulatory requirements.
As one of the first major countries to acknowledge the potential of the blockchain technology, China is ramping up efforts to push toward global dominance over blockchain, the underlying technology behind digital currencies like bitcoin and a wide range of applications.
Meng Wei, a spokeswoman for the National Development and Reform Commission, said the commission will strengthen regulation over virtual currency mining with a key focus on industrial and centralized mining, State-owned entities that mine virtual currency and bitcoin.
Meng Wei, a spokeswoman for the National Development and Reform Commission, said the commission will strengthen regulation over virtual currency mining, with a key focus on industrial and centralized mining, State-owned entities that mine virtual currency and bitcoin mining.
The larger goal is to use CBDCs to defuse potential risks that may arise from various privately developed cryptocurrencies such as Bitcoin, analysts said.
Financial regulators clarified that virtual currencies－such as Bitcoin and Ether－which are not issued by the nation's monetary authority, and other forms of "stablecoins", are illegal and they are not fiat currencies, so they cannot be circulated in the market, the statement said.
In recent years, the rampant expansion of virtual currencies such as Bitcoin has disrupted the economic and financial order, bringing about criminal activities such as money-laundering, and severely endangering the safety of people's property, said the central bank.
Cryptocurrencies, such as Bitcoin, are not legal tender, and they have no actual value support.
Some leading central banks such as the People's Bank of China are accelerating design and trials of their own digital currencies as monetary authorities across the world agree that cryptocurrencies such as Bitcoin are too volatile as they are not backed by valuable assets.
They also reiterate that cryptocurrencies such as Bitcoin are mostly speculative instruments, which pose potential risks to financial security and social stability.
"The most direct cost of widespread adoption of a crypto-asset, such as Bitcoin, is to macroeconomic stability," IMF experts said on an official blog.
In addition, the "mining" of crypto-assets such as Bitcoin requires an enormous amount of electricity to power the computer networks, and a broad adoption of these crypto-assets will result in serious ecological problems, according to Adrian of the IMF.
Chinese financial regulators have urged an end to the mining of Bitcoin in some places such as Sichuan province and the Inner Mongolia autonomous region.
Private digital currencies, especially bitcoin, have become speculative tools and means of money laundering for illegal economic activities, posing risks to financial security and social stability, said Fan.
Private digital currencies, however, such as Bitcoin and some so-called stablecoins, became tools for speculative investment and threatened financial security and social stability, said the deputy governor.
Discussions on cryptocurrencies rose in intensity recently when the world's largest cryptocurrency, Bitcoin saw massive sell-offs that began in May, followed by tough regulations in China and the United States.
Sichuan province, often described as one of China's biggest bitcoin mining centers, has issued a notice designed to stop the practice, extending the clampdown on illegal cyptocurrency practices to a hydropower resource-abundant province, following Qinghai and Yunnan provinces and the Inner Mongolia autonomous region.
On June 12, the Yunnan Energy Administration confirmed that the power consumption of its bitcoin mining enterprises should be cleaned up and rectified by the end of June.
The price of Bitcoin, the world's largest virtual currency, dropped to $32,920 at noon on Tuesday, down by nearly 50 percent from its peak in April.
He stressed they should stop all bitcoin mining in the country.
Restricting bitcoin mining and trading was targeted.
The price of bitcoin slumped to a two-week low, after China's central bank urged commercial banks and payment platforms to stop services related to cryptocurrency trade and speculative investment.
Bitcoin, the world's largest virtual currency, dropped to $32,920 at noon of Tuesday, down by nearly 50 percent from its peak in April.
The move was aimed at cracking down on the trading and speculation of bitcoin and other virtual currencies, protect the safety of people's property, and maintain financial security and stability, said the People's Bank of China (PBOC).
Chinese financial regulators see the digital RMB as one way to fend off potential threats from privately designed virtual currencies, such as Bitcoin, experts said.
The Inner Mongolia autonomous region released a draft plan on Tuesday to phase out cryptocurrency "mining" activities in the region, which came in the wake of the central financial regulating authorities' restrictions on bitcoin mining and trading.
"Unlike the ways of mining bitcoin and other cryptocurrencies in the early stage, companies now are crazily seeking to consume a super-large amount of industrial power at any cost.
According to research published by Nature Communications, China accounts for more than 75 percent of bitcoin mining globally.
Bitcoin is projected to generate more than 130 million metric tons of carbon emissions in China by 2024, the report said.
On Friday, a meeting of the Financial Stability and Development Committee of the State Council, said that the government was determined to crack down on bitcoin mining and trading, adding individual risks should not be allowed to spread to the whole society.
Zhang Xiaoyan, deputy director of Tsinghua University's PBC School of Finance, said: "The regulatory policies for bitcoin and other virtual currencies will also protect small and medium-sized investors through preventing them from speculative transactions.
Bitcoin, the world's largest cryptocurrency, had a roller-coaster ride in trading last week.
However, it recovered to around $39,000 on Wednesday afternoon after Tesla CEO Elon Musk said on Monday he was having active discussions with bitcoin miners regarding the sustainability of the digital coin.
The volatility of cryptocurrencies, such as bitcoin, is unlikely to end until they have a real economic use independent of price, according to the report.
The research, conducted amid last week's fluctuations, indicated that trade in bitcoin and ethereum is nearing the historical highs of 2018.
Investors are increasingly attracted to the finite quality of assets like bitcoin as a way to hedge against inflation and currency falls as well as to diversify their portfolios.
Cryptocurrency exchange Huobi on Monday suspended bitcoin mining services and sales of mining equipment in the Chinese mainland following government warnings.
Huobi said it had suspended bitcoin mining machine sales and custody services for users on the Chinese mainland.
The company response came at a time when bitcoin prices had clawed back to $35,332.98 on Monday afternoon after falling by nearly 16 percent to $31,772.43 on Sunday, according to data from Coin Metrics, an information service platform for cryptocurrencies.
As the world's largest cryptocurrency by volume, bitcoin saw a rollercoaster week of trading last week, and its value fell by more than 30 percent to nearly $30,000, the lowest level since late January.
A meeting of the Financial Stability and Development Committee, which is part of the State Council, said on Friday that the government was determined to crack down on bitcoin mining and trading, saying some individual risks should not be allowed to spread to the whole society.
The meeting statement also contained a vow to crack down on bitcoin mining and trading, and prevent individual risk to spread to society.
Bitcoin, the world's largest cryptocurrency by volume, hit a three-month low of $38,514.42 on Wednesday, nearly 40 percent below the peak of $64,829.14 in mid-April, according to CoinDesk, a news site specializing in cryptocurrencies.
An index that measures sentiment in the bitcoin market, the Crypto Fear & Greed Index, has fallen to "extreme fear" levels not seen since April last year, according to a report on Wednesday by Alternative, an international software service provider.
Cheng Shi, chief economist and managing director of ICBC International, said investors are concerned about large fluctuations and the "non-ideal" transaction speed of Bitcoin.
Chinese regulators have long seen cryptocurrencies, including Bitcoin and Ethereum, as crypto assets, instead of real currencies.
Mike McGlone, senior commodity strategist for Bloomberg Intelligence, said gold prices would have stood above $2,000 an ounce if there was no Bitcoin trading.
Regulations on privately created cryptocurrencies to be tightenedChina will further expand trials of e-CNY, the digital currency floated by the People's Bank of China, the central bank, and tighten regulations on privately-created cryptocurrencies, such as Bitcoin and Stablecoin, according to officials and experts.
Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments, while Stablecoin is a cryptocurrency where the value is tied to an outside asset, such as the dollar or gold.
China considers Bitcoin and Stablecoin as cryptoassets, which means they are not seen as real currencies, but only as investment assets.
Unlike for Bitcoin, the regulations for some types of Stablecoin should be tighter, as they need to follow the regulations for payment tools issued by private sector banks or quasi-banking financial institutions, said Li.
The Bitcoin fell by as much as 15 percent on Sunday with rival coins like Ether and XRP also losing sheen.
The retreat came after Bitcoin hit a record high of more than $64,000 on Wednesday.
On early Monday, the Bitcoin was trading in Asia at around $57,000, which was still down about 12 percent from last week's intraday peak.
At the same time, the price of Bitcoin has been soaring high in trading markets globally, drawing greater interest from large investors who bet on it becoming a mainstream payment method.
What is the difference between digital renminbi and Bitcoin?
This prudent investment mindset may not help women investors capitalize on the soaring prices of assets like, say, Bitcoin, but can shield them from potential huge losses that characterize volatile assets.
The price of bitcoin reached $30,500 on Saturday, hitting another record high, according to statistics from Coinmarketcap website.
Bitcoin's price hit 20,000 dollars on Dec 16, a record since it was founded in 2009, arousing ecstasy among holders across the world.
Digital assets also rallied with cryptocurrency Bitcoin rising 5.5 percent to $22,366.
Meanwhile, the unbridled private sector became audacious and created a decentralized blockchain technology, which spawned crypto-assets like Bitcoin, while Facebook has been toying with a proposal to launch its own digital currency called Libra.
Blockchain is a system in which a record of transactions made in bitcoin or another cryptocurrency are maintained across several computers linked in a peer-to-peer network.
"Stablecoin," she said, is a new category of digital currency with many features similar to bitcoin.
It underpins applications from cryptocurrencies like bitcoin to crossborder payments and credit information recording systems.
The platform will immediately stop the relevant payment services if any transactions are identified as being related to bitcoin or other virtual currencies, Alipay said.
Unlike Bitcoin, Libra is described in a Facebook white paper as a currency "fully backed by a reserve of real assets".
US President Donald Trump said in a series of tweets recently that cryptocurrencies, including bitcoin, are "not money" and may facilitate illegal activity.
Unlike other cryptocurrencies, such as Bitcoin, Libra is described in a Facebook white paper as a currency "fully backed by a reserve of real assets".
Cryptocurrencies such as bitcoin, Ethereum, and Ripple had increased to 1,335 by 2017 from only 66 in 2013, according to a report from the People's Bank of China, the central bank.
Around the time the world was convulsing through the GFC, Nakamoto published an article titled Bitcoin - A Peer-to-Peer Electronic Cash System.
Bitcoin's rise in 2009, the subsequent frenzy over its trading (which was marked by unrealistic prices and obscene returns), and the potential threat they posed to conventional cash led to denouncements that digital currencies are a fraud, outright bubbles.
Zhang Taowei, associate professor of the Department of Finance at Tsinghua University, said that the public needs to differentiate bitcoin from digital currency, and the latter distributed by a central bank plays an essential role to the country's financial system.
Government Work Report shows China's intent to tackle challenges arising from new-age monetary productsAs cryptocurrency bitcoin's value roller-coasted globally in recent months, so did the sleep pattern of Beijing-based cargoloader Zeng Wen, 27, who doubles up as a part-time risk-happy investor.
Called cryptocurrencies, bitcoin and the like have emerged as a relatively new, if unregulated, investment class, compared to shares, bonds, conventional currencies, precious metals, commodities and property.
But then, bitcoin's price swung wildly.
Before he could cash out, bitcoin plunged further, and the value of his investment, and presumably of those of his ilk in China as well as elsewhere, depreciated sharply.
As if taking cue from Premier Li, the governor of the country's central bank, Zhou Xiaochuan, said at a news conference on Friday that the People's Bank of China opposed direct transactions between the bitcoin and the renminbi, its fiat money or the Chinese currency.
Zhou echoed sentiments of some deputies attending the two sessions that financial products like bitcoin entered the market without prudential oversight, hence a thorough scrutiny is required to ascertain if they could be promoted further without jeopardizing the financial system.
Yang's comments follow reported plans by the PBOC and other financial regulators, to rein in cross-border fund outflows through financial transactions related to cryptocurrencies like bitcoin (which was invented in 2009, the first type of digital coin and the most popular one) and initial coin offerings or ICOs (which are used by tech startups mainly to raise funds in the manner of initial public offerings).
The Daily Telegraph reported that BoE Governor Mark Carney said bitcoin was "a global speculative mania" rather than a useful new invention, and assured that regulation of bitcoin would be a topic for the G20 meeting this month.
For instance, Japan amended its law last year to legalize virtual currencies like bitcoin as a payment method.
In September last year, the highest transaction volume of yuan-denominated bitcoin accounted for 22.36 percent of the global total, according to Coinhills, a provider of information on cryptocurrencies.
Bitcoin's rise, rather its roller-coaster ride, is expected to continue this year, according to a recent report released by Canaccord Genuity, a financial services firm.
On Mar 5, bitcoin's price surged to $11,377 per unit, up about 58 percent from a month earlier, according to Coinbase data.
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