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“# Data shows derivatives had little to do with Bitcoin’s drop to $29K ” After a brief recovery to $41,000 on June 14, Bitcoin (BTC) investors might have thought that the bear market was finally over. After all, it was the highest level since May 21 and the date that MicroStrategy (MSTR) announced a successful…
“#Xi congratulates Chinese astronauts aboard space station” Enlarge Image In this photo released by China’s Xinhua News Agency, Chinese astronauts, from left; Tang Hongbo, Nie Haisheng, and Liu Boming salute from aboard China’s space station core module Tianhe during a video conversation with Chinese President Xi Jinping, Wednesday, June 23, 2021. AP BEIJING — Chinese…
“# Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply ” Chinese mining giant Bitmain is reportedly scrambling to respond to market conditions amid a major crackdown on the crypto mining activity by local authorities. According to a Wednesday report by Chinese news agency Sina Finance, Bitmain has halted global spot sales for its…
“# Chinese crypto mining firm Canaan sets up shop in Kazakhstan amid crackdown ” Major Chinese cryptocurrency miner provider Canaan has posted an update on its crypto mining business in Kazakhstan amid an ongoing crackdown on Bitcoin (BTC) mining in China. Canaan announced Monday that the company has rolled out its own crypto mining business…
“# Chinese Bitcoin miners ‘not even in the mood to drink anymore’ ” China, once home to about 65% of the total Bitcoin (BTC) mining hash power has given the boot to several miners in the country. The country’s Bitcoin mining ban means miners have been forced to shut down their operations with some establishments…
“#Graham calls cartels, Taliban, China ‘winners’ in Biden administration” Sen. Lindsey Graham (R-SC) accused the Biden administration Tuesday of practicing “incompetent domestic and foreign policy” that is only benefitting criminals and US adversaries. “All these policies are blowing up in the Biden-Harris administration’s face,” Graham told Fox News’ “Hannity”. “Six months since they’ve been in…
“#Beijing suffocates Hong Kong’s loudest voice for liberty” For a brief blip, there was hope that Apple Daily, Hong Kong’s pro-democracy newspaper, would be able to hold out for a bit longer against the Chinese Communist Party. This, despite the fact that the party froze the assets of its jailed owner, Jimmy Lai, under a…
“#Media allowed itself to be duped by one man on COVID-19” The more we learn about Peter Daszak, one of the main villains of the COVID epidemic, the worse it gets. Daszak is president of EcoHealth Alliance, a nongovernmental organization mostly funded by the US government. EcoHealth passed some of that money on to the…
“# Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K ” Bitcoin price is still in a rut, trading near $33,000 and trapped in a downtrend that just seems to get worse with the passing of each day. As the price slumps, analysts have consulted with several technical and…
“# Bitcoin price clings to $32K as on-chain metrics hint at further downside ” Cryptocurrency investors awoke to another round of price declines on June 22 after the price of Bitcoin (BTC) dropped to a 6-month low at $28,805. The dip below the crucial $30,000 level might appear to be a prime buying opportunity but…