Banks fall in line as China’s central bank cracks down on crypto accounts

AgBank — the world's third-largest bank by assets — has indicated it will follow the PBoC’s cue and work to stamp out its clients’ crypto-related activities. дальше »

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Bitcoin hash rate hits 8-month low as Chinese miners power down

Bitcoin’s hash rate plummets to roughly 91 EH/s as Sichuan miners close up shop.

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Sichuan Mining Farms Begin to Shut Down — Seven-Day Stats Show Bitcoin’s Hashrate Plummeting

The hashrate of the Bitcoin network has been steadily falling since June 14 and after Sichuan miners were told to prepare operation shutdowns. Sichuan is the second-densest province in China where most miners are located, according to data stemming from the University of Cambridge. дальше »

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Bitcoin hashrate & miners: The good and bad you need to know

"Drop down" seems like a trend for Bitcoin at the moment: From its price 'dropping down' over the past few days, with Social Sentiment was also seen dropping since May 19th. Now hashrate was also, welThe post Bitcoin hashrate & miners: The good and bad you need to know appeared first on AMBCrypto. дальше »

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China turns off its miners - does price follow hash rate or hash rate follow price?

Multiple Bitcoin miners in China's Sichuan province were shut down over the weekend and Bitcoin's hash rate is down almost 30% since May. Will the price fall further as a result - and what is the correlation between hash rate and price? дальше »

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Crypto Market Forecast: Week of June 21st 2021

A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin dips as China's Sichuan province clamps down on mining activity, Ethereum gets closer to deploying the London hard fork, and Binance prepares to launch an NFT marketplace. дальше »

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Market corrections are not affecting Ethereum holders much as 75% of accounts will remain in profits, even if ETH price drops below 1000$ in future

The on-chain metrics show long-term Ethereum holders are in significant profits, despite the market free falling to $2100. Even if the price drops down below $1000, more than 75% of the total addresses would still be in profit. дальше »

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When is the right time to buy Bitcoin?

'Resist the urge to close down positions. If you have the emotional and financial resources, go the other way'. . . this is a trading mantra that's echoed on several platforms for several assets. дальше »

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How This Mark Cuban-Endorsed Crypto Token Crashed From $50 To $0 Within 24 Hours

Billionaire Mark Cuban has been making rounds in the cryptocurrency community following the crash of the Titan token. The cryptocurrency market is a very volatile market, and every participant of the market, especially long-term investors is well aware of the fact that prices go up as fast as they go down. However, with the titan […] дальше »

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Crypto Market Sheds Billions as Top 100 Assets Down

It's a down day for the cryptocurrency markets, with gains in sight, data reveals. дальше »

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China also bans miners in hydropower -dominated Sichuan province

Southwestern Chinese province, Sichuan, has embarked on the present crackdown on crypto miners in China. According to the Chinese crypto media outlet, PANews, the province has identified 26 suspected mining projects it wants to screen and possibly shut down by June 20. дальше »

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Bitcoin’s Weekend Weakness: Yields Crash and Go Negative, OI Is Still Halved From Peak

While gold is getting crushed down 8.14% this month while the US dollar has soared to 92.4, aiming for a 2021 high of 93.43. The post Bitcoin’s Weekend Weakness: Yields Crash and Go Negative, OI Is Still Halved From Peak first appeared on BitcoinExchangeGuide. дальше »

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How China Bitcoin FUD Is Lowering The Cost To Produce BTC

Bitcoin FUD out of China might be helping to lower the cost to produce BTC. The news of the crackdowns on mining farms in China has rocked the market lately. Entire mining operations were shut down and they had to be moved to other sites. дальше »

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Bitcoin Top And Bottom Metric Reaches Historically Oversold Level

Bitcoin price is still stuck in the mid-$30,000 range for weeks now, unable to break any lower or make an attempt to reclaim highs. After such a drastic 50% move down, the market is shaken and waiting for confirmation of direction before volume returns. дальше »

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China Will Knock Out The U.S. In The Race For Crypto Adoption, Coinbase Co-Founder Asserts

China, which has long dominated other countries in Bitcoin mining power and adoption, but has also recently clamped down hard on bitcoin miners, is now being touted as the country that will likely beat the U. дальше »

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Chinese Bitcoin Mining Hub Sichuan Shutting Down Over Two Dozen Operators

While good for the decentralization of bitcoin mining, China shutting down bitcoin mining operations is “not healthy” for the cryptocurrency because it lowers the historic price floor for BTC. The post Chinese Bitcoin Mining Hub Sichuan Shutting Down Over Two Dozen Operators first appeared on BitcoinExchangeGuide. дальше »

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Dow, Bitcoin, Gold, Everything Falls

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Local Reports Indicate Bitcoin Miners In Sichuan Have Been Ordered To Shut Down

Officials in Sichuan, a major bitcoin mining hub in China, have reportedly issued a shutdown order for bitcoin mining operations there. дальше »

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Chinese Authorities Order Shutdown Of 26 Bitcoin Mining Farms In Sichuan

Authorities in China have ordered the closure of crypto mining farms in Ya’an, a prefecture city in Sichuan that has emerged as a key crypto mining center. The order comes on the heels of Beijing’s wider clamp down on the bitcoin mining industry. дальше »

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Officials in Sichuan Instruct Bitcoin Miners to Shut Down Operations: Report

According to regional reports, bitcoin miners in Sichuan have been told by the Ya’an municipal government that they have until June 25 to shut down operations. Sichuan has been eyed closely in recent times as it’s estimated that a large demographic of miners are situated in the region. дальше »

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Miner Capitulation Is Putting Pressure On The Bitcoin Price

An excerpt from Bitcoin Magazine's Deep Dive: How Bitcoin miner capitulation is driving the bitcoin price down. дальше »

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Bitcoin Has 17 Months Left To Hit $250,000, Billionaire Tim Draper Tells Why

Sexagenarian Billionaire, Tim Draper, is doubling down on predictions that Bitcoin is on course to smash the quarter-a-million mark by the end of 2022. The strong Bitcoin proponent who rose to the ranks of a three comma senior citizen, courtesy of fruitful early investments in SpaceX, Twitter, Tesla, and Bitcoin is rooting for the apex […] дальше »

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City in Sichuan reportedly orders crypto miners to shut down for investigation

Crypto miners in Ya'an City have reportedly been ordered to temporarily shut down their operations.

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Bitcoin price completes leg down to $37.4K as key indicator hits record ‘oversold’ level

Another slight decline sees Bitcoin at a crossroads as sellers erode a major exchange buy wall.

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Has the Doge had its day? Dogecoin interest cools

Interest is falling across several metrics, but can you keep a good Doge down?

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The Bitcoinist Macro Report: Dollar Disrupts, Gold Melts Down, & Sideways Bitcoin

This week’s Fed meeting has been viewed hawkishly by the broader market, and asset prices reacted negatively to the plan to begin to raise interest rates come 2023. Bitcoin fell slightly putting a recovery in crypto on hold, while major stock market indices tumbled on the news. дальше »

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KSM Finds Support After Breakdown

Kusama (KSM) has been moving upwards since May 19, but broke down from an ascending support line on June 15

The post KSM Finds Support After Breakdown appeared first on BeInCrypto.

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Why is 25th June critical for Ethereum?

Ethereum reached an all-time high valuation of $4375 on 9 May 2021 but the elation investors felt was short-lived. It registered a decline of 56% within a week, dropping down to $1880, following whichThe post Why is 25th June critical for Ethereum? appeared first on AMBCrypto. дальше »

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BIC’s Video News Show: Is Telcoin a Good Investment?

In this episode of the BeInCrypto video news show, host Jessica Walker takes a look at Internet Computer. Even with its price down 92% after debuting during an inopportune period, we think this one is worth exploring, both as a blockchain project and a coin. дальше »

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World Bank Turns Down El Salvador’s Request to Help Execute Bitcoin Plans

The World Bank has said that it would not be able to assist the El Salvadoran government with its plans to officially make bitcoin the country’s second legal tender.  World Bank Not in Support of El Salvador’s Bitcoin Ambitions According to Reuters on Wednesday (June 16, 2021), the World Bank turned down El Salvador’s requestRead More дальше »

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Cardano Price Down 1.44% To $1.50 — What Will the Price Do Next?

Cardano’s price has held above $1. 50 over the past week, suggesting bears might yet… The post Cardano Price Down 1. дальше »

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China’s State Media Promotes Bitcoin Miners Going Green in Country & Points to Wasted Energy

Ahead of the politically sensitive 100th anniversary of the ruling Communist Party on July 1, the country is also trying to cool down speculation in other asset classes just like crypto. The post China’s State Media Promotes Bitcoin Miners Going Green in Country & Points to Wasted Energy first appeared on BitcoinExchangeGuide. дальше »

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World Bank Says ‘No’ to El Salvador’s Request on Bitcoin Implementation

The bank’s refusal to offer technical assistance has been pegged down on issues of… The post World Bank Says ‘No’ to El Salvador’s Request on Bitcoin Implementation appeared first on Coin Journal. дальше »

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World Bank Snubs El Salvador’s Request For Help With Integrating Bitcoin

The World Bank has rejected a request from El Salvador for assistance with its Bitcoin adoption plans, reports Reuters. The World Bank, an international financial institution that offers loans and grants to low-income countries, on Wednesday cited “environmental and transparency shortcomings” of Bitcoin as the reason for its turning down the request from El Salvador […] дальше »

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Chinese Mining Facilities Face Shutdown as Texas Continues to Impress

All mining facilities in Xinjiang, Inner Mongolia, and Qinghai provinces have been shut down. China has long accommodated over half the world’s bitcoin miners, but now, Beijing wants them out ASAP. дальше »

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Yield Guild Games doubles down on play-to-earn model with $4M funding round

The Series A funding round was led by BITKRAFT Ventures, an esports-focused venture capital firm. A.Capital Ventures, IDEO, CoLab, Mechanism Capital and ParaFi Capital also participated in the raise, as did several angel investors. дальше »

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Venture Capitalist Tim Draper Doubles Down on His $250K by 2022 Bitcoin Price Prediction

American venture capital investor Tim Draper still believes in a bitcoin price prediction he made in mid-April 2018, at the Draper University blockchain party. At the time, Draper said that he thinks bitcoin could reach $250K by 2022, and during an interview with CNBC’s Jade Scipioni this week, Draper reiterated his six-digit bitcoin price forecast. […] дальше »

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Billionaire Tim Draper: Bitcoin Will Reach $250,000 By The End Of 2022

Billionaire Tim Draper has doubled down on his prediction that Bitcoin will reach $250,000 by the end of 2022. Draper first made this prediction in 2018 when Bitcoin’s price was still trending below $10,000. дальше »

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Bullish all the way? MicroStrategy doubles down on its Bitcoin bet

MicroStrategy’s latest bond offering seeks to deliver a yield of 6.25%–6.5% — significantly higher than an average junk bond yield of 4.01%. дальше »

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Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on Mining

Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. дальше »

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DeFi Token Weekly Round-Up - 17th June 2021

DeFi Token Weekly Round-Up - 17th June 2021. Pro-trader Josh Olszewicz breaks down his chart perspective view on the DeFi realm. Watch and find out what the charts say this week for LINK, COMP, UNI - and many more дальше »

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MicroStrategy Stock Is 5.36% Up Thanks to Bitcoin, While Tesla, Coinbase and Square Shares Go Down

Recent public intention of MicroStrategy to get more BTC pushed its stock price up, but Colin Wu warns that the company may face enormous pressure on convertible bonds дальше »

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Cryptocurrency payments are now banned in Indonesia

Indonesia’s central bank has cracked down on the use of cryptocurrencies for making payments. The announcement was made by the bank’s governor Perry Warjiyo during a virtual seminar on June 15. дальше »

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Will A Large Spike In Bullish Sentiment Translate To A Bitcoin Rally?

With such a large spike in bitcoin sentiment recently, a bitcoin rally could be underway. Bitcoin has been fluctuating between $30k and $40k for a while now with no real significant movement either up or down. дальше »

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Goldman Sachs doubles down on crypto by venturing into Ether (ETH)

Goldman Sachs Group Inc. , an American investment bank, is expanding its crypto offering by expanding into Ethereum (ETH). A report unveiled this news on June 14, noting that the bank intends to offer ETH-based futures and options trading. дальше »

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BIC’s Video News Show: Internet Computer’s Huge Potential

In this episode of the BeInCrypto video news show, host Jessica Walker takes a look at Internet Computer. Even with its price down 92% after debuting during an inopportune period, we think this one is worth exploring, both as a blockchain project and a coin. дальше »

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0x_nodes - Solving DeFi's interoperability problem

The inability to easily move value between blockchains is slowing down growth in the decentralized finance sector. The 0x_nodes project is providing a solution. дальше »

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Interview: Self Sovereignty With Btc_Log

In this episode of “Meet The Taco Plebs,” Bitcoin Magazine’s Casey Carrillo sat down with btc_log to talk about all things bitcoin. дальше »

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Bitcoin At $50,000 Within Reach As Millions Of BTC Short Positions Set To Be Liquidated

Bitcoin is correcting gradually, and the market is rightfully excited. At report time, Bitcoin has raked in over 12% in daily gains, sending prices up to $40,641 while simultaneously clearing weekly losses, which at the peak of the bear market was all the way down to -30%. дальше »

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DeFi Tokens Show Strength: OGN and SXP Close to Breaking Out, 1INCH Lags Behind

1inch (1INCH) has broken down from an ascending support line but bounced at the $2.25 support area. The post DeFi Tokens Show Strength: OGN and SXP Close to Breaking Out, 1INCH Lags Behind appeared first on BeInCrypto. дальше »

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