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Bitcoin Mining Hashrate Dives to 2020 Level, Following China Crackdown
Coinspeaker Bitcoin Mining Hashrate Dives to 2020 Level, Following China Crackdown The recent intensive crackdown of the Bitcoin has led to price decline. Bitcoin is currently trading at the $34,200 level. дальше »
2021-6-29 08:20 | |
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Bitcoin and China: Why this move cannot be 'underestimated'
China’s crackdown on cryptocurrency mining operations in the country was widely discussed in the last couple of months. Several conversations around this development are emerging, be it in the mediaThe post Bitcoin and China: Why this move cannot be 'underestimated' appeared first on AMBCrypto. дальше »
2021-6-29 06:00 | |
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Jefferies’ Equity Strategist Expects Accommodating US Crypto Regulation Unlike China’s Authoritarian Model
The head of global equity strategy at Jefferies, an investment bank and asset management firm, says that cryptocurrency regulation in the U. S. would “ultimately be very positive” for bitcoin or other crypto assets. дальше »
2021-6-29 01:30 | |
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Huobi Bans Chinese Residents From Derivatives Trading As China’s Crypto Crackdown Continues
China’s ongoing crackdown on cryptocurrencies has forced Huobi exchange to halt derivatives trading services to users in China. As per an updated User Agreement from the Seychelles-based exchange, China is now on the list of prohibited jurisdictions for derivatives trading. дальше »
2021-6-29 00:03 | |
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Key Bitcoin price indicator flashes its ‘fifth buy signal in BTC history’
The Puell Multiple just flashed a buy signal for the fifth time in BTC’s history, but its creator cautions that a plunging hashrate and China’s miner purge are important factors to consider. дальше »
2021-6-29 22:57 | |
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Huobi Prohibits Chinese Residents From Leveraging Cryptocurrency Derivatives
The Seychelles-based cryptocurrency exchange originally founded in China, Huobi, has officially banned Chinese residents from swapping cryptocurrency derivatives, according to the company’s revised user agreement. дальше »
2021-6-29 21:00 | |
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China: Huobi Ceases Support For Crypto Derivatives Trading
China’s ongoing crackdown on cryptocurrencies has forced Huobi exchange to halt derivatives trading services to users in China. As per an updated User Agreement from the Seychelles-based exchange, China is now on the list of prohibited jurisdictions for derivatives trading. дальше »
2021-6-29 21:00 | |
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Why China’s Oldest Crypto Exchange Has Shut Down Its Bitcoin Business
BTCChina, one of China’s oldest crypto exchanges, has reportedly exited the bitcoin business for good in response to the government’s recent crackdowns on the cryptocurrency industry. BTCChina Pulls The Plug On Bitcoin Business Amid Government’s Anti-Crypto Crackdowns According to a report by the South China Morning Post on Thursday, BTCChina has completely ditched the bitcoin […] дальше »
2021-6-29 19:31 | |
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China’s Oldest Exchange Exits Bitcoin Business Amidst Regulatory Pressures
BTCC, ostensibly the first cryptocurrency exchange established in China, exited the bitcoin trading business last week. According to statements, this was the result of the continued regulatory pressure Beijing is exerting on cryptocurrency businesses. дальше »
2021-6-29 19:30 | |
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China’s Oldest Crypto Exchange Shuts Down Bitcoin Business As Crackdowns Continue
One of China’s oldest crypto exhcanges has shut down its Bitcoin business as crackdowns continue in the nation. BTCChina Exits Bitcoin Business Huang Xiaoyu and Yang Linke founded BTCChina back in 2011. дальше »
2021-6-28 17:57 | |
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Huobi Restricts Retail Users in China and Taiwan from Using its Derivatives (Leverage) Trading
One of the biggest cryptocurrency exchanges in China, Huobi, has ceased to provide contract trading services for Chinese users. This is, however, only limited to leverage trading, which has been the target of Chinese regulators, and citizens are still allowed to do spot trading. дальше »
2021-6-28 17:28 | |
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Chinese Users Prohibited From Derivatives Trading on Huobi
Crypto exchange Huobi is prohibiting users in China from trading derivatives, according to an updated user agreement. The post Chinese Users Prohibited From Derivatives Trading on Huobi appeared first on BeInCrypto. дальше »
2021-6-28 17:10 | |
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Chinese miners initiated the recent sell-off, on-chain data suggests aggregate flows are at an all-time high
Miners led the charge to one of the biggest sell-offs in recent history, and no one is paying attention to this change in the dynamic of bitcoin hash rate distribution. With China getting serious and banning mining activities in Sichuan, they essentially wiped out 90% of total bitcoin mining activities and forced miners out of […] The post Chinese miners initiated the recent sell-off, on-chain data suggests aggregate flows are at an all-time high appeared first on ItsBlockchain. дальше »
2021-6-28 15:40 | |
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Huobi bans crypto derivatives trading for users in China
Chinese users will no longer be able to trade crypto derivatives on the Huobi exchange amid a broader cryptocurrency crackdown from the government. дальше »
2021-6-29 15:23 | |
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Crypto Market Forecast: Week of June 28th 2021
A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin dips as the People's Bank of China clamps down on speculative crypto trading channels, some whales are willing to take bullish bets, and the Bitcoin hashrate continues to decline. дальше »
2021-6-28 05:00 | |
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Binance CEO CZ Makes Big Reveal On Where The Bitcoin Price Is Headed
Bitcoin, the biggest cryptocurrency by market cap, has been experiencing a huge drop in its value following several events in the market. Currently, prices are going even lower, courtesy of the mining situation with China amongst others events, which has caused a collective selloff. дальше »
2021-6-28 23:58 | |
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How Will China Banning Cryptocurrency Influence The Future of Bitcoin
Bitcoin fell 20% in the last six days when investors became more anxious and skeptical of the future of bitcoin in the face of China’s continuing clampdown on cryptocurrency. Bitcoin fell as low as $29,000 on June 22 when the news came that China’s six major banks and Alipay are banned from accepting cryptocurrencies orRead More дальше »
2021-6-28 23:00 | |
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Bitcoin Loses Momentum Again — JPMorgan Expects BTC to Plunge to $23K Before its Next Rally
It has been more than two months since Bitcoin last met $60k price levels. During this period, the leading cryptocurrency has shown unprecedented weakness, mainly exacerbated by the cluster of China’s crackdown news. дальше »
2021-6-28 19:42 | |
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Bitcoin Mining Hashrate Hits New 13-Month Low
The mining hashrate of bitcoin has hit a 13 months low following the increased decline in mining activity in China. The post Bitcoin Mining Hashrate Hits New 13-Month Low appeared first on BeInCrypto. дальше »
2021-6-28 13:58 | |
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This particular Bitcoin trend will 'accelerate hard' thanks to China
China's crackdown on Bitcoin mining has affected the world's largest cryptocurrency, as well as its community. In fact, within a few weeks of the lockdown, the associated hashrate significantly plungThe post This particular Bitcoin trend will 'accelerate hard' thanks to China appeared first on AMBCrypto. дальше »
2021-6-27 05:30 | |
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Borat’s Home Country Kazakhstan emerges as the New Bitcoin Mining Hotspot, as electricity rates are among the cheapest in the world
China always had the lion’s share of bitcoin mining in the world, but recent crackdowns on miners are reducing that dominance and forcing miners to relocate to other countries offering cheap electricity and support for domestic bitcoin mining. дальше »
2021-6-27 16:22 | |
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China’s Mining Crackdown ‘a Trillion-Dollar Mistake’ Says Saylor
Michael Saylor, CEO and founder of MicroStrategy has criticized China's ongoing action against Bitcoin (BTC), saying it will prove to be "a trillion-dollar mistake." The post China’s Mining Crackdown ‘a Trillion-Dollar Mistake’ Says Saylor appeared first on BeInCrypto. дальше »
2021-6-26 13:33 | |
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What does China’s crypto crackdown mean for the industry?
The latest crackdown has compelled many bitcoiners to scramble for the exits, leaving their diamond-handed counterparts to issue witticisms that underline the former’s shaky resolve. The post What does China’s crypto crackdown mean for the industry? appeared first on CryptoSlate. дальше »
2021-6-26 04:05 | |
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Here's when to expect a 'sudden shift' in XRP's price
The fall in Bitcoin’s hashrate after China’s recent crackdown on crypto-mining undoubtedly instilled a sense of fear in the market. The development has also had a fair impact on the world's largesThe post Here's when to expect a 'sudden shift' in XRP's price appeared first on AMBCrypto. дальше »
2021-6-25 16:00 | |
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JPMorgan Remains ‘Bearish’ as it Refuses to “Abandon Negative Outlook,” Calling for $25k
Despite the price of Bitcoin sliding under $29,000 earlier this week, it continues to trade in the $30k-$40k range. While money continues to flow into the market and China’s crackdown on crypto mining and trading seems to be coming to an end, especially with less than a week left for the politically sensitive 100th anniversary […] The post JPMorgan Remains ‘Bearish’ as it Refuses to “Abandon Negative Outlook,” Calling for k first appeared on BitcoinExchangeGuide. дальше »
2021-6-25 15:17 | |
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Chinese Electric Car Maker Xpeng to Raise $2B, to List on Hong Kong Exchange
Coinspeaker Chinese Electric Car Maker Xpeng to Raise $2B, to List on Hong Kong Exchange The increasing level of tension between authorities in China and the United States is forcing the hands of many US-listed Chinese companies to list on the Hong Kong stock exchange as a way of protecting themselves against both governments. дальше »
2021-6-25 14:35 | |
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Bitcoin Hash Rate Goes On Death Spiral Post China’s Crackdown On Miners
The great Bitcoin miners migration is well underway. And the network’s total hash rate is showing it in a big way. Currently, the number of terahashes per second is at its lowest level in the last twelve months. дальше »
2021-6-25 13:41 | |
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'It might get ugly with' Bitcoin...BUT
Prices are a reflection of investor sentiment, they say. In a span of a little over two months, Bitcoin’s price has promptly halved, and now, after China’s recent crackdown on mining, a section ofThe post 'It might get ugly with' Bitcoin...BUT appeared first on AMBCrypto. дальше »
2021-6-25 05:00 | |
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Is It Time To Sell Your Bitcoin? Jim Cramer Says It Is
Jim Cramer has disclosed that he has sold “almost all” of his bitcoin holdings. According to Cramer, he said the reason he sold was due to issues surrounding the asset. He cited the recent China crackdowns on mining as one of the reasons he got out. дальше »
2021-6-25 20:00 | |
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Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices
While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries. дальше »
2021-6-24 19:30 | |
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Jack Ma’s Ant Group Sells NFTs on Alipay, Clarifies They’re Different from Cryptocurrencies
China’s Ant Group, the Jack Ma-controlled fintech group, put non-fungible tokens (NFTs) on sale via its payment platform Alipay. The items sold out quickly on Wednesday amidst the ongoing crackdown from the authorities. дальше »
2021-6-24 17:33 | |
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Bitcoin price prediction: BTC could crash to $20,000 after the death cross
The Bitcoin (BTC/USD) price sell-off resumed as concerns of tightening monetary policy and China crackdown continued. BTC declined to $32,639, which was substantially lower than Wednesday’s high of almost $35,000. дальше »
2021-6-25 07:45 | |
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How are Bitcoin miners weathering the current storm?
The updated restrictions in China have put immense pressure on miners and Bitmain intends to help them out. According to the latest announcement, the world's top bitcoin mining-rig maker halted sales The post How are Bitcoin miners weathering the current storm? appeared first on AMBCrypto. дальше »
2021-6-24 00:00 | |
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Binance Coin, MATIC, Litecoin Price Analysis: 23 June
China’s attempt to clamp down on crypto-trading negatively impacted altcoins, an action that fueled a hike in price volatility over the week. At press time, as Bitcoin’s price recovered by 7.5%, mThe post Binance Coin, MATIC, Litecoin Price Analysis: 23 June appeared first on AMBCrypto. дальше »
2021-6-23 20:30 | |
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Bitcoin’s Hashrate Drops Below 100 Exahash, Observers Describe China’s ‘Great ASIC Exodus’
Most of the crypto community has been focused on the developments in China and more specifically, the crackdowns against bitcoin miners in Inner Mongolia, Xinjiang, Qinghai, Yunnan, and Sichuan. On Wednesday morning (EST), Bitcoin’s overall hashrate has continued to drop and is now below the 100 exahash per second (EH/s) region. During the last 24 […] дальше »
2021-6-24 19:30 | |
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Bitmain Halts Sales of Bitcoin Mining Rigs Following China Ban
One of the world’s largest Bitcoin mining-rig manufacturers, Bitmain Technologies Ltd, has suspended sales of machines as clients free the market. The post Bitmain Halts Sales of Bitcoin Mining Rigs Following China Ban appeared first on BeInCrypto. дальше »
2021-6-24 19:20 | |
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The Price of Graphics Cards Plummet in China After Bitcoin Mining Crackdown
Meanwhile, Nvidia Corp. continues to push for a chip just for cryptocurrency miners where the CEO said they “learned to move faster,” to prioritize its gamer customer base and immune themselves from the worst of any potential crash. дальше »
2021-6-24 19:16 | |
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