Bitcoin bounces again after briefly losing $40K support — Watch these BTC price levels
The Chinese property developer will soon be a “non-event,” one analyst says, with markets already shrugging off the story. Go to Source Powered by WPeMatico
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Evergrande: Buy the dip or bail? Pundits weigh in
Marty Bent, the co-founder of Bitcoin mining firm Great American Mining, is glad to be hodling Bitcoin as uncertainty hangs over the legacy financial system Go to Source Powered by WPeMatico
Stock sell-off tanks Bitcoin price, but traders expect a bounce near $42K
Fear over the Evergrande situation weighed heavily on equities markets and Bitcoin price, leading traders to expect a bounce in the $42,000 to $38,000 zone. Go to Source Powered by WPeMatico
Evergrande Losses Sparks Fear of Looming Credit Contagion, Janet Yellen Asks to Raise US Debt Ceiling
Global investors have their eyes peeled on the Evergrande Group or the Evergrande Real Estate Group, China’s second-largest property developer by sales. Evergrande Group shares nosedived on Monday dropping to 11-year lows and many analysts and economists are concerned about a possible credit contagion. Credit problems with China’s real estate industry have affected global markets … Read more
Bitcoin extends slide below $43K as Binance’s BTC stash grows to May-crash levels
Bitcoin has been leaving Coinbase’s wallets in 2021 while BTC exchange reserves on Binance tell a different story. Go to Source Powered by WPeMatico
Bitcoin Hashrate Climbs 128% Over 83 Days, Network’s Mystery Miners Disappear
Bitcoin’s hashrate has been climbing higher during the last two weeks, hitting 174 exahash per second (EH/s) on two occasions since June 28. Currently, Bitcoin’s network hashrate is coasting along at 158 EH/s, up 128% since the low 83 days ago when it hit 69 EH/s. Meanwhile, unknown hashrate has subsided a great deal as … Read more
Here’s why Bitcoin might be safe from a global stock market crisis
BTC’s lack of integration with traditional finance and its inability to be forcefully sold to cover financial losses mean the price might not ‘collapse’ if there is a global stock market meltdown. Go to Source Powered by WPeMatico
China’s Hebei Province Begins Crackdown on Crypto Mining and Trading, Reports Reveal
Authorities in the Chinese province of Hebei have reportedly launched a campaign against cryptocurrency mining and trading. According to a quoted announcement by the region’s cyberspace administration, a number of government agencies are working together to prevent the use of the region’s computing power in the crypto activities which the government considers illegal. Cyberspace Watchdog … Read more
Hebei is the latest China province to wield the crypto crackdown hammer
Authorities in the province say crypto mining is inimical to China’s environmental conservation efforts. Go to Source Powered by WPeMatico
Finding a new home: Bitcoin miners settling down after China exodus
Countries vie for cryptocurrency miner business as Chinese miners move to greener pastures. Here’s where they are ending up. Go to Source Powered by WPeMatico