Bitcoin news

cryptocurrency price, bitcoin

Crypto Prices Update: Bitcoin and Ether Down by 2%

The most significant cryptocurrencies are trading combined, with ether and bitcoin trading 2 % lower than before. The global cryptocurrency market is now $1.43 trillion, a decline of 1.27 % in the preceding 24 hours. On July 6, Bitcoin is trading at around $33,800, 2% lower than its price was yesterday. The ether cost fell by 2% …

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Crypto Is About to Crash: Time to Invest Now or Wait?

Crypto Is About to Crash: Time to Invest Now or Wait?

The crypto market has had a very turbulent year so far. After several significant cryptocurrencies reached record highs during the last few months, many of them now see their prices decreasing. In some cases, investing when prices are lower can be a clever investing strategy. However, buying stocks is not the same as investing in …

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hydropower, China Launches Blockchain Apps to Combat the Coronavirus

Hydropower Plants on Sale in China After Mining Crackdown

China’s sweeping and swift crackdown on bitcoin mining pushed small hydroelectric power plant owners to offload their assets that cheap demand power is drying up. The number of advertisements on a popular second-hand e-commerce platform, Xianyu, for small-scale hydro plants with a capacity of about 50 megawatts increased after the mining crackdown. Some plants are in an …

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Mining bitcoin might get easier following the crypto crackdown in China

Mining Bitcoin Might Get Easier Following the Crypto Crackdown in China

After China decided to crack down on cryptocurrencies, it might become more profitable and easier to mine bitcoin. In the previous month, Beijing took some measures to halt bitcoin mining in the middle of concerns regarding its environmental impact. These measures have already resulted in crypto miners leaving China for other regions, such as North America. China’s …

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PBOC urges Alipay and banks to crack down on cryptocurrency trading

PBOC Urges Alipay and Banks to Crack Down on Cryptocurrency Trading

On Monday, China’s central bank announced it had urged several payment companies and banks to clamp down on cryptocurrency speculation. The bank summoned major leaders, including the Industrial and Commercial Bank of China, the Agricultural Bank of China, and Alipay. The PBOC urged them to crack down harder on cryptocurrency trading and tell them they …

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bitcoin and ethereum news

Why Might Bitcoin Outperform Ethereum in The Short Term?

A potential bounce in the pair of BTC/ETH suggests Bitcoin might sprint past Ether in the following market rally. In terms of prices, Bitcoin (BTC) is about to be a star in outperforming Ether (ETH) in a short period. Chief investment officer at ExoAlpha, David Lifchitz, believes in this idea. He stated this idea after …

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Bitcoin

Swings of Bitcoin Get Smaller, Some Investors See It as a Recovery

On Tuesday, Bitcoin, the world’s largest cryptocurrency, changed at $36,426 as of 6:44 a.m. in New York, following two straight sessions of its gains. Since the beginning of the year, Swings in the price have fallen to their lowest. This happened despite reports during the weekend that U.S. financial authorities were preparing to take a …

Swings of Bitcoin Get Smaller, Some Investors See It as a Recovery Read More »

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