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Bitcoin short positions at Bitfinex soared as BTC price dropped below $40,000, so why did the majority of them close before the largest part of the correction? Go to Source Powered by WPeMatico
While on the surface it seems officials from five provinces in China have been cracking down on bitcoin miners, no one is quite sure how much hashrate is moving, which pools are affected, or where these miners will end up. A number of mining pools have seen hashpower percentages decline and Bitcoin’s overall hashrate has … Read more
China’s continued crackdown on Bitcoin mining and OTC transactions, along with prolonged technical weakness, triggered BTC’s drop to a 6-month low. Go to Source Powered by WPeMatico
Crypto mining pool BTC.com is leaving China after local authorities withdrew its power supply. Go to Source Powered by WPeMatico
A former crypto exchange engineer believes that China’s ban on Bitcoin mining is “fantastic news.” Go to Source Powered by WPeMatico
Bears have a potential $450 million lead if Bitcoin fails to hold $32,000 until June 25. Go to Source Powered by WPeMatico
Graphics card prices in China reportedly dropped as much as two-thirds on Chinese e-commerce websites. Go to Source Powered by WPeMatico
China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin and other virtual currency transactions.” PBOC Tells Banks to Stop Dealing With Crypto Exchanges and … Read more
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. Go to Source Powered by WPeMatico
A statement threatening account closures for crypto activity causes mayhem before being deleted minutes later as FUD rules supreme on Bitcoin markets this week. Go to Source Powered by WPeMatico