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“# Bitcoin mining ban an easy decision for China, says Bitmain EMEA partner ” Two weeks after a 15% increase in electricity prices in Turkey, a new store selling professional mining equipment has opened its doors in Istanbul —the business hub of the country— on July 13. Opening a mining equipment shop in a country…
“# China shuts down crypto mining in Anhui province ” The Chinese government continues cracking down on the cryptocurrency mining industry by suspending crypto mining operations in another province. Authorities at Anhui, a small province in eastern China, have announced a set of measures to tackle growing electricity demand and an associated power supply shortage…
“# Bitcoin price can only go up if $30K accumulation ‘reset’ continues — research ” Bitcoin (BTC) is seeing a “reset” in investor behavior at $30,000 and the trend need only continue to spark a price rise. According to on-chain monitoring resource Ecoinometrics on July 13, the only way is “up” for BTC/USD if hodlers…
“# Uncertainty prevails as December 2021 Bitcoin futures show an inverted pattern ” It’s not yet known whether Binance’s recent news of being temporarily suspended from the U.K.’s financial system is the main driver behind today’s Bitcoin (BTC) price drop. As Cointelegraph reported, the exchange sent emails to affected customers but has not given any details….
“# Bulls largely absent as Bitcoin price slips to the bottom of its range near $32K ” Within the past few hours, a fresh wave of selling pushed Bitcoin (BTC) price close to the $32,000 support level as the low trading volume and general disinterest from traders saw the price revisit the lower section of…
“# 21Shares partners with German brokerage to offer crypto ETPs for savings accounts ” Investment product issuer 21Shares has joined forces with comdirect, a leading online brokerage in Germany, to bring its cryptocurrency exchange-traded products, or ETPs, to savings accounts. The partnership means that comdirect’s nearly 3 million customers will be able to integrate physically-backed…
“# BNY Mellon to provide ETF services for Grayscale’s Bitcoin Trust ” The bank of New York Mellon, America’s oldest bank, has signed an agreement with cryptocurrency asset manager Grayscale Investments to provide a set of services to its flagship Bitcoin (BTC) investment product. Grayscale officially announced Tuesday that it selected BNY Mellon as an…
“# Bitcoin drops below ‘critical’ level for avoiding a return to $31K — gold rises on inflation data ” Bitcoin (BTC) fell to support which could determine a $30,000 retest on July 13 as bulls failed to make their case for fresh gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bulls see $33,000 slip…
“# India’s ICICI Bank warns remittance users to steer away from Bitcoin ” Indian’s stance on crypto adoption has maintained a gray composure ever since the birth of Bitcoin. In what seems like another blow for the Indian crypto community, one of the biggest financial services, ICICI Bank, has warned users to not use their…
“# Hedge funds see the crypto market decline as an investment opportunity ” Crypto market capitalization is down more than 40% since its $2.5-trillion high back in early May, but institutional investors continue to pile into the market. Despite Bitcoin (BTC) losing over half of its United States dollar value and altcoins tanking almost 70%…