{"id":21198,"date":"2023-05-24T19:03:12","date_gmt":"2023-05-24T19:03:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/chinas-state-tv-crypto-broadcast-big-deal-binance-ceo-says\/"},"modified":"2023-05-24T19:03:12","modified_gmt":"2023-05-24T19:03:12","slug":"chinas-state-tv-crypto-broadcast-big-deal-binance-ceo-says","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/chinas-state-tv-crypto-broadcast-big-deal-binance-ceo-says\/","title":{"rendered":"China&#8217;s state TV crypto broadcast &#8220;big deal&#8221;, Binance CEO says"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684951969838-4036f243-4c2a-4c19-9615-21e6569fb802-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684951969838-4036f243-4c2a-4c19-9615-21e6569fb802-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684951969838-4036f243-4c2a-4c19-9615-21e6569fb802-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684951969838-4036f243-4c2a-4c19-9615-21e6569fb802-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Binance CEO Changpeng Zhao says China\u2019s state TV crypto broadcast is \u201ca big deal.\u201d\u00a0<\/li>\n<li dir=\"ltr\">He notes that previous coverage has historically been bullish for crypto.<\/li>\n<li dir=\"ltr\">His comments come as Bitcoin price struggled to stay above $26k on Wednesday.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/exchanges\/binance\/\">Binance<\/a> CEO Changpeng Zhao, popularly known as CZ, says China broadcasting a <a href=\"https:\/\/coinjournal.net\/news\/\">crypto<\/a> segment on state broadcaster China Central Television is \u201ca big deal\u201d and that such broadcasts have previously coincided with a subsequent uptick in crypto prices.<\/p>\n<p dir=\"ltr\">According to CZ, the broadcast has \u201cChinese speaking communities buzzing,\u201d given how such coverage of Bitcoin have ended with crypto price rallying.<\/p>\n<p dir=\"ltr\">\u201cIt\u2019s a big deal. The Chinese speaking communities are buzzing,\u201d he <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1661391542504902664\" rel=\"noopener noreferrer\" target=\"_blank\">tweeted<\/a> on Wednesday. \u201c<em>Historically, coverages like these led to bull runs<\/em>.\u201d<\/p>\n<p dir=\"ltr\">He however, noted that his comments do not mean that the \u201c<em>past predicts the future<\/em>.\u201d The Binance CEO, who is one of the biggest crypto proponents in the world, added a disclaimer that his remarks did not constitute financial advice.<\/p>\n<h2 dir=\"ltr\">Bitcoin features in Chinese TV broadcast<\/h2>\n<p dir=\"ltr\">The referenced <a href=\"https:\/\/t.co\/2wcArnPI93\" rel=\"noopener noreferrer\" target=\"_blank\">broadcast<\/a> shows a Bitcoin ATM in the increasingly crypto-friendly Hong Kong. The crypto teller machine also shows a bitcoin logo and a \u201cBuy Bitcoins\u201d inscription. The TV segment also featured commentary on NFTs.<\/p>\n<p dir=\"ltr\">But it should be remembered that China banned bitcoin (again) in 2021.<\/p>\n<p dir=\"ltr\">As highlighted <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-bulls-tap-hong-kong-news-to-test-key-resistance\/\">here<\/a> on Tuesday, <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin price<\/a> rose briefly to touch the $27,500 resistance area as Hong Kong announced retail investors would from 1 June be able to buy and trade bitcoin and Ethereum on regulated exchanges.<\/p>\n<p dir=\"ltr\">Experts hailed Hong Kong\u2019s Securities and Futures Commission (SFC)\u2019s announcement as a potential game changer for crypto adoption. The framework comes as Hong Kong looks to position itself as a leading crypto and blockchain hub, while at the same time offering guidelines and rules that target greater protection for consumers.<\/p>\n<p dir=\"ltr\">Bitcoin has not had a major reaction to the latest China related news, and was struggling to remain above $26k as at 1:50 pm ET on Wednesday. According to data from CoinGecko, BTC was perched at $26,300, down 3.2% in the past 24 hours.\u00a0<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/binance-ceo-says-its-a-big-deal-after-china-broadcast-crypto-on-state-tv\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Binance CEO Changpeng Zhao says China\u2019s state TV crypto broadcast is \u201ca big deal.\u201d\u00a0 He notes that previous coverage has historically been bullish for crypto. His comments come as Bitcoin price struggled to stay above $26k on Wednesday. Binance CEO Changpeng Zhao, popularly [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":21199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21198"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21198"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21199"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}