Recently the Chinese government has declared cryptocurrency transactions illegal in their country. After their decision, the cryptocurrency market gets down. The price of Bitcoin, Ethereum, and other Altcoins has decreased.
Now another news has come from China, which may affect the crypto market. Chinese Internet firewall has blocked two major cryptocurrency data sites. Coinmarketcap and CoinGecko websites are now inaccessible for users based in China.
Coinmarketcap and CoinGecko are two main websites which are providing cryptocurrency-related data. According to the crypto news website The Block, they run a search test on Greatfire.org, which is an online tool to check sites censored by China’s Great Firewall. And the result shows these websites are 100% blocked by Chines Great Internet Firewall.
On Tuesday users suddenly started the problems in accessing these websites, but the exact blockage time of both websites is still not known.
According to The Block, They have confirmed this news from TM Lee, co-founder of CoinGecko. He said, “As far as we know, we didn’t block proactively”.
This fresh ban of Crypto Data websites by the Chinese government shows, they are taking strict action to ban cryptocurrencies in their country and they also want to take away the crypto users from accessing the crypto-related data.
But the Chinese users are still using crypto-related websites by using VPN services. Recently the People’s Bank of China has issued a warning to crackdown on crypto mining and trading activities. This shows the tough time for crypto users in China.
I am Pawan Kashyap currently living in Amritsar. I always try to grab new things from the cryptocurrency market. From my observations and trends in the market, I always try to provide the best and accurate information in the form of articles from this blog. Follow us on Facebook, Instagram, and Twitter to join us.