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Crypto Miners In China Selling Their Bitcoin & Mining Machines After Government’s Action Sparks Fear

Chinese Bitcoin miners don’t appear keen on waiting around to find out what their fates will be in the wake of the government’s announcement over an inbound crackdown. In a joint statement published last week, the Chinese Premier and State Council voiced an intent to clamp down on Bitcoin mining in the country, causing the […] дальше »

2021-5-26 18:19


Market Review: Bitcoin, Ethereum markets bounce after a record plunge last week

The cryptocurrency market shows a steady rise after the big sell-off last week after many indicators turned bearish, but are we out of the rough patch yet? Last week, after the price closed below the 20MA (a popular indicator used by traders to assess the price momentum), there was a huge sell-off which saw Bitcoin […] The post Market Review: Bitcoin, Ethereum markets bounce after a record plunge last week appeared first on CryptoSlate. дальше »

2021-5-25 04:00


China’s Ban On Mining Is Changing Crypto’s Landscape

China announced last week that financial institutions in the country would no longer be able to sell Bitcoin services, and that mining would be prohibited. Many in the Bitcoin community, including this paper, reacted with skepticism to the news, noting that China has previously “banned” its companies from using Bitcoin with little effect, and that […] дальше »

2021-5-25 02:20


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Elon Musk Reaffirms His Crypto Allegiance

Elon Musk, the CEO of Tesla and Spacex, has, at last, reaffirmed his cryptocurrency allegiance, after a series of contradictory signals that collaborated with the market plunge this past week. Musk affirmed he ultimately favors cryptocurrency against fiat-issued money on Twitter, something that was seen as a clear rebuff from his earlier statements where he […] дальше »

2021-5-23 16:36


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Fed Begins to Taper QE- US Central Bank Removes $351 Billion in Liquidity via Reverse Repos

After pumping extreme amounts of liquidity into markets, the U.S. Federal Reserve seems to be tapering back monetary easing policy via reverse repos (RRP). Following this week’s published minutes report from the Fed’s April monetary policy meeting, it seemed as though members of the central bank were prepared to discuss rolling back large-scale Treasury and […] дальше »

2021-5-23 23:00


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MicroStrategy’s Saylor On Why China Banning Bitcoin Mining Completely Could Ignite The Most Bullish Cycle

The Chinese government has made its intention to crack down on Bitcoin mining public, with Premier Liu He announcing as much this Friday. The world’s most expensive digital currency has undergone a massive bearish move over the past week, with Elon Musk poking a hole in pertinent affairs and news of China’s strengthened stance breaking […] дальше »

2021-5-22 18:06


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Apollo Space Token’s Decentralized Star Naming Registry Marks Huge Success in Just a Week of Launch

It is no doubt that Non Fungible Tokens have emerged as an instrument of high significance in the crypto sector considering its successes and the rising enthusiasm it keeps gaining in the industry. Initiated NFT projects are thereby making consistent success stories while gaining the interests of top celebrities all around the world. Relatively, a […] дальше »

2021-5-22 17:34


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Bitcoin could hit $100,000 despite recent bear run – Willy Woo says

The price of Bitcoin dropped heavily this week by nearly 40%, which has generated concerns that the unprecedented bull-run of the cryptocurrency has ended. However, popular Bitcoin analyst Willy Woo believes it’s not yet over for Bitcoin (BTC/USD), adding that the most valuable cryptocurrency has still some juice left in its Bull-Run. дальше »

2021-5-22 14:29


How Another Chinese Power Outage May Have Led to Bitcoin’s Flash Crash This Week

Earlier in April, an accident at a Chinese coal mine in Xinjiang sent Bitcoin network’s hash rate plummeting 30% in a span of a day, which crippled the major cryptocurrency’s rally.  Now, Bitcoin’s hash rate is suffering a similar loss as miners based in Sichuan, China face limitations on power usage.  The State Grid in […] дальше »

2021-5-22 05:02