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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Bears no longer in control as Grayscale is set to release 16,000 BTC worth over $625M

As the re-accumulation phase is coming to an end, we are seeing bitcoin sell pressure go down drastically and may hit zero in the next month. Grayscale, being a giant in the institutional space, is currently managing $24 billion in bitcoin assets and is now the talking point as bitcoin hovers over $40,000. дальше »

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Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight

Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. дальше »

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Yearn Finance TVL and Total Users Hits a New ATH Amidst Weak Price Action

The cryptocurrency market is in a sour mood, with more than $1 trillion wiped out since an all-time high of $2. 6 trillion on May 12. Bitcoin and Ether both are down about 44% from their recent peak, and decentralized finance (DeFi) protocols have lost 35% to 90% value in the last 30 days. дальше »

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Yunnan Province in China Clamps Down on Illegal Bitcoin Mining

China's fourth-largest bitcoin mining province threatens to shut down non-compliant companies by the end of June. The post Yunnan Province in China Clamps Down on Illegal Bitcoin Mining appeared first on BeInCrypto. дальше »

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Blockchain.com’s Head Of Research Breaks Down State Of The Crypto Market And What’s Coming For Bitcoin

The month of May was not a great one for the world’s biggest cryptocurrency and June hasn’t shown significant signs of improvement, not to the casual observer at least. Bitcoin had reached highs of over $60,000 but experienced a 40% drop after Elon Musk announced his car-manufacturing company, Tesla, was suspending Bitcoin payments despite having […] дальше »

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Jack Dorsey Not Having It With Sen. Elizabeth Warren’s Negative Comment On Bitcoin

The debate on Bitcoin’s mining energy consumption doesn’t seem to be ending any time soon. Elizabeth Warren, the Massachusetts US senator has joined the conversation, saying that one of the easiest and least disruptive things “we can do” to fight the Climate Crisis is to crack down on “environmentally wasteful” decentralized cryptocurrencies like Bitcoin. She says cryptocurrencies […] дальше »

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Cryptocurrency Mining Bill Dies Down After New York Union ‘Opposes’

In its memorandum of opposition, the union said New York “should be embracing” crypto as it is “likely to be adopted” by traditional financial institutions and national governments in the near future. дальше »

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The May Crypto Sell-off Predominantly Occurred in the US Session

Bitcoin continues to chop. Currently, in a ‘crab’ pattern, the price of Bitcoin is constantly going up and down by a few thousand dollars but remains range-bound within $30k-$40k. Having a drawdown of 50% after rallying 1,610% from March low to mid-April all-time high, the sideways trading is expected to continue for months and trend […] The post The May Crypto Sell-off Predominantly Occurred in the US Session first appeared on BitcoinExchangeGuide. дальше »

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Is there a right way to regulate crypto? Yes, and this is how

Cryptocurrency is a promising asset class for people and investors, but the lack of proper regulation slows down its innovation.

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Institutions Double Down on Bitcoin after El Salvador Made BTC Legal Tender

Institutional investors are ramping up their Bitcoin purchase, data from GlassNode—a crypto analytics platform, shows. Institutions Flock to Bitcoin Data, on June 11, reveals that there has been a sharp uptick in total transfer volumes of BTC from Over-the-counter (OTC) desks starting mid-week when El Salvador made Bitcoin legal tender. The surge in trading volumesRead More дальше »

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Ethanol Token – Launching World’s First Decentralized Gas Credit System

Facilitating a transaction on an Ethereum network with the increasing gas price has been distressing for investors. The developers of Ethanol were the first ones to put their foot down and address the issue with Ethanol V1. дальше »

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Is this a good time to swap your altcoins for Bitcoin?

The cryptocurrency frenzy has hit its community members hard, without any signs of settling down soon. Both Bitcoin, as well as the market's altcoins, have suffered massive corrections of late. TalThe post Is this a good time to swap your altcoins for Bitcoin? appeared first on AMBCrypto. дальше »

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Is the Bull Cycle Over with Retail REKT & Institutions’ Taken Profit?

Bitcoin price keeps above $37,000, Ether around $2,450, and the total cryptocurrency market cap at about $1. 6 trillion, still down more than 35% to 45% from their ATHs recently. While the market has recorded an uptick from its lows, the market is cautiously bullish, with some seeing it as the beginning of a bear market. дальше »

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Former Goldman Vice Chairman “Bob” Hormats Explains Chinese Crack Down on Bitcoin and Crypto

Robert “Bob” Hormats from Kissinger Associates shares his take on why China is banning crypto right now, while also wishing to advance in this area дальше »

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Bitcoin still not out of the woods: 4 obstacles it needs to overcome 

After 19 May's crash, the crypto-market witnessed another mini-crash on 8 June, and yet again, all eyes were on Bitcoin. The king coin slipped down as far as $31k, a level the market had not seen in aThe post Bitcoin still not out of the woods: 4 obstacles it needs to overcome  appeared first on AMBCrypto. дальше »

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Shanghai Man: Bitcoin interest drops in China amid crackdown on social media and miners

Xinjiang crypto miners forced to shut down, Antpool hash rates drop by 30%, and Baidu and Weibo try to scrub crypto players from their platforms. дальше »

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Hackers Double Down On Bitcoin Demanding $11m In Latest Ransomware Attack

Reports have emerged that hackers were paid $11 million in Bitcoin following an attack on JBS USA Holdings, a meatpacking firm that supplies 1/5 of the country’s meat. Following the recent Colonial Pipeline hack debacle, which raised doubts on the story’s legitimacy, observers are watching this latest cyberattack with wariness. Hacker Group REvil Demanded Bitcoin […] дальше »

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Chainlink, MATIC, Theta  Price Analysis: 10 June 

For alts like Chainlink, MATIC, and Theta, prices were less affected by the June 7 market fall that pulled down the total crypto market cap and affected a lot of major alts.  While Chainlink and MThe post Chainlink, MATIC, Theta  Price Analysis: 10 June  appeared first on AMBCrypto. дальше »

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