Bitcoin Declared Legal Commodity In Chinese Court

Markets are up today with good regulatory vibes following positive reactions from a number of American Senators who successfully distinguished Bitcoin from the much-maligned Libra. Traders witnessed Bitcoin jumping 10% in about an hour, a leap similar to that seen at the beginning of the bull rally back in April of this year. 

But Crypto Twitter seems to be more abuzz about the news shared by Dovey Wan that Bitcoin has been legally recognized as a virtual property with monetary value by the Hangzhou Internet Court, one of three such courts, for the first time in China.

WOW