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“# China mining shock may not be over yet, experts suggest ” Earlier this year, the Chinese government took the momentous step to ban any crypto mining operations based within its borders, causing a massive exodus of hashing power — 168 exa hashes per second (EH/s) to nearly 86 EH/s as of June 23, representing…
“# Is Ethereum’s rally signaling the next bull market phase for Bitcoin above $50K? ” Bitcoin (BTC) has been seeing some consolidation below $50,000 as a psychological barrier. However, during this pullback, several big altcoins have been surging in price, suggesting that the alt season isn’t over yet. Meanwhile, Bitcoin’s price faces a crucial resistance…
“# Twitter reportedly working on Bitcoin tipping feature ” Twitter is reportedly laying the groundwork to enable Bitcoin (BTC) tipping for content creators. According to MacRumors, the latest Twitter iOS beta includes lines of code that could see Bitcoin become a part of the “Tip Jar.” Indeed, as previously reported by Cointelegraph, Twitter CEO Jack…
“# Belarus president Lukashenko calls on state to mine cryptocurrency ” Belarusian President Alexander Lukashenko has called on the government to mine cryptocurrency use spare power infrastructure. Lukashenko spoke at the opening of the Petrikovsky mining and processing plant on Aug. 27, urging workers to move into crypto mining in Belarus instead of pursuing low-paying…
“# Survey finds 77% of Russian investors prefer Bitcoin to gold and forex ” Cryptocurrencies like Bitcoin (BTC) are getting increasingly popular with Russian investors, apparently displacing traditional investment products, according to a new survey. Russia’s Association of Forex Dealers (AFD), a local self-regulatory organization focused on the foreign exchange market, polled 502 Russian investors…
“# Coinbase’s Bitcoin reserves drop to the lowest level since December 2017 ” Bitcoin (BTC) revisited weekly lows on Sep. 1 as the new month got underway with a fizzle rather than a bang. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin lingers in “price stability” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting…
“# Legislative Assembly of El Salvador approves $150M Bitcoin Trust ” El Salvador’s Legislative Assembly has passed legislation creating a $150 million dollar Bitcoin Trust and supporting the development of crypto infrastructure and services across the country. The bill passed on Aug. 31, with 64 officials voting in favor and 14 opposing the trust’s creation….
“# Bitcoin price turns to test lower support levels as $50K stays out of reach ” Bitcoin (BTC) continued to range below $50,000 on the last day of August as analysts demanded higher levels in order to continue the bull run. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $51,000 remains the deal-breaker for BTC Data…
“# 3 reasons why a Bitcoin ETF approval will be a game changer for BTC price ” Some financial experts believe that the price of cryptocurrencies is solely driven by investors’ speculation, and in the past few years detractors have suggested that fixed income instruments like treasury bills have no relation to do with digital…
“# Former US president calls crypto a ‘disaster waiting to happen’ ” In an interview with Fox Business released today, former U.S. President Donald Trump was questioned about his views on the health of the Wall Street markets, the current administration’s progress, as well as the potential of Bitcoin and the cryptocurrency market. In response…