Bitcoin slips following China Covid-zero protests

Crypto watchers also pointed to worries about wrapped Ether, which is meant to have the same value as Ether while allowing access to more applications.

Some reports suggested the concerns stemmed from joke Twitter posts falsely claiming a break in the expected peg in the value of wrapped Ether and Ether., head of research and strategy at crypto lender Matrixport, said he’s “not too concerned” about wrapped Ether because it’s based on automatically executing software known as smart contracts.

“This will make it unlikely to be actually manipulated as no person, nor a centralsed entity, should be able to manipulate the open-source smart contract,” which can also be checked for bugs or flaws, Thielen added.One risk in China is that Beijing’s ongoing policy of Covid-zero mobility curbs is an impediment to stabilising domestic demand, Katrina Ell, senior economist at Moody’s Analytics Inc., said on Bloomberg Television.

The collapse of FTX — which once boasted a $32 billion valuation but tumbled into a bankruptcy in a matter of days this month — continues to threaten a wider reckoning for the digital-asset sector., head of trading at digital-asset exchange Independent Reserve.

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LOCKDOWN ANGER: Shanghai hit by Covid protests as anger spreads across ChinaProtests simmered in Shanghai early on Sunday, as residents in several Chinese cities, many of them angered by a deadly fire in the country's far west, pushed back against heavy Covid-19 curbs nearly three years into the pandemic.
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Protests across China as anger mounts over zero-Covid policy | News24Hundreds of people took to the streets in Beijing and Shanghai on Sunday to protest against China's zero-Covid policy in a rare outpouring of public anger against the state. | Sport24news Sport24news I am so glad China is standing up. It is so very long overdue. Sport24news Stop eating Bats🤣 Sport24news
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