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Nalezeno "Bitcoin news": 10932

Here’s What China’s Bitcoin Mining Crackdown 2.0 Looks Like

23.6.2021
Chinese crypto miners are reluctantly calling it a day – with reports of miners nationwide shuttering their operations, going offline, and either selling their equipment for reduced prices or relocating overseas. The alacrity of Middle Kingdom’s Crypto Crackdown 2.0 has blindsided many, although...

McAfee's Extradition, Wood's Crypto Shopping, Coinbase In Japan + More News

23.6.2021
John McAfee. Source: Twitter/@officialmcafee Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _____ Legal news Spain’s National Court has approved the extradition of detained antivirus software...

Bukele Teases Volcano-powered Bitcoin Mining Center as Exchange Arrives

23.6.2021
Source: Twitter/@nayibbukele Not everybody in El Salvador may be aboard the Bitcoin (BTC) boat – but the nation’s bullishly pro-BTC President Nayib Bukele appears set to press ahead with his crypto plans nonetheless, with an overseas exchange opening its doors for business and a “sneak peek” at...

Canaan Diversifies Business by Becoming a Bitcoin Miner In Kazakhstan

23.6.2021
Major producer of Bitcoin (BTC) mining equipment Canaan announced it has moved beyond its existing business model and into becoming miners themselves, as "the logical next step" towards optimizing their revenues, strengthening the inventory management and supply chain capabilities,...

Bitcoin and Ethereum Spike Higher, Altcoins Start Recovering

23.6.2021
Yesterday, bitcoin price extended its decline below the USD 30,000 support zone. BTC tested the USD 28,800 zone before it started a major increase. It is currently (04:40 UTC) testing the USD 34,000 level. Similarly, most major altcoins are recovering. ETH dropped towards the USD 1,700 level before...

Taleb Releases a Dirty Swan Upon Bitcoin, Bitcoiners Were Fast to Clean It

22.6.2021
Nassim Nicholas Taleb, an essayist and scholar, known for his book on the extreme impact of rare and unpredictable events, The Black Swan, released a paper on Bitcoin (BTC), with Bitcoiners jumping on what they deemed numerous inaccuracies. In his paper titled 'Bitcoin, Currencies, and Bubbles'...

New Investments, Miner Migration, US Treasury Nominee on Crypto + More News

22.6.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _____ Investments news Investment firm VanEck filed a new draft prospectus for a bitcoin (BTC) futures mutual fund with the US Securities...

Bitcoin Dips Below USD 30,000

22.6.2021
The most popular cryptocurrency, bitcoin (BTC) dropped below the USD 30,000 threshold today, while altcoins bleed even more. Last Tuesday, its price was c. USD 40,500. Since then, the price fell nearly 27% in a week, while in the last 24 hours, it's down more than 9% - trading at USD 29,732...

PayPal, Visa & Other Investors Double Down On Their Crypto Investments

22.6.2021
Crypto- and blockchain-focused venture capital firm Blockchain Capital said it has raised USD 300m for its Fund V, with PayPal and Visa among the traditional investors who are still showing interest in the crypto industry. "The fund was heavily oversubscribed at its [USD] 300 million hard...

Death Cross Appears on Bitcoin Charts, But It May Mean Nothing at All

22.6.2021
Both Crypto- and non-Cryptospheres are discussing a "death cross" that appeared on bitcoin (BTC) charts, which is seen by some traders as a bearish signal that indicates lower prices to come. However, it seems there is no actual proof that death cross means or "confirms"...

MP Lodges Constitutional Challenge to Bukele’s Bitcoin Bill

22.6.2021
Another Salvadorian MP has launched a bid to derail President Nayib Bukele’s bitcoin (BTC) adoption bill – and has teamed up with a lawyer as part of his effort. As reported last week, two lawmakers from the opposition Farabundo Martí National Liberation Front (FMNL) party last week lodged a bid...

Bitcoin and Ethereum Try To Recover, DOGE Nosedives

22.6.2021
Bitcoin price remained in a negative zone below the USD 33,500 level. BTC even broke the USD 32,000 level and it is currently (04:34 UTC) recovering losses. If the price climbs above USD 33,500, it could face resistance near the USD 35,000 level. Meanwhile, many major altcoins are down in double...

South Korea Mulls Singapore-style Approach to Crypto Regulation

22.6.2021
Singapore. The South Korean financial regulator is looking to Singapore for inspiration as it forms new crypto sector policies, sparking anticipation that it may look to adopt a similar system. Singapore is known for having one of the most progressive approaches to crypto regulation in the world...

Salvadorian Media Takes Dim View of Brock Pierce and ‘Bitcoin Delegation’

21.6.2021
Brock Pierce: Source: Twitter/@brockpierce The Salvadorian media has continued to react skeptically to crypto-related developments as the country edges toward bitcoin (BTC) adoption. A number of international crypto figures traveled to El Salvador late last week, including Brock Pierce, the head...

Why Is Bitcoin (BTC) in Red?

21.6.2021
BTC was in the uptrend for a short duration and even broke through its immediate resistance at $40,000 and stayed above this psychological level for two days. But Chinese crackdown on mining companies has put a huge dent in BTC valuations. Even the hash rate for BTC mining fell by 18%. First, China...

Crypto Market Sentiment Closer to the Negative Zone; XRP is Week's Winner

21.6.2021
The crypto market is not doing very well, and neither is the market sentiment. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins slipped yet again, this time from last week's 5 to this week's 4.89 - the closest it's been to the negative zone in months, according...

Ethereum, Litecoin, DOGE Miners Run Fewer Rigs Amid Bitcoin Hashrate Drop

21.6.2021
Bitcoin (BTC) saw a double-digit drop in its hashrate (the computational power of the network) in a single day following the recent regulatory crackdown in a vital mining region in China, as well as from its June peak. However, Ethereum (ETH) and several other proof-of-work (PoW) projects shared...

Bitcoin Continues to Suffer Amidst Chinese Crackdown

21.6.2021
The crackdown by the Chinese authority on Bitcoin mining has resulted in a considerable fall in the value of the largest cryptocurrency by market capitalization.  According to the latest reports, Bitcoin suffered a negative growth of 5.5% and fell to $34k on Sunday. The negative impact on the value...

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