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“# 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…
“# Denied electricity, world’s 5th-largest mining pool leaves China for Kazakhstan ” BTC.com — a major crypto mining pool that is operated by BIT Mining and owned by the NYSE-listed Chinese lottery service provider 500.com — has announced the successful relocation of its first batch of mining machines to Kazakhstan. BTC.com was founded by Jihan…
“# China’s crackdown means Bitcoin is working, says crypto miner ” China’s crackdown on Bitcoin (BTC) mining and cryptocurrency trading recently became a primary driver for the red candlesticks on crypto market charts. But one Bitcoin mining engineer believes China’s ban on crypto is “fantastic news.” Brandon Arvanaghi, a former security engineer at crypto exchange…
“# CNBC host boldly reveals he sold his BTC amid depths of bear market ” Jim Cramer, the host of CNBC’s Mad Money, announced he has liquidated nearly all of his Bitcoin (BTC) holdings. Speaking on June 21 during an interview with CNBC’s Squawk Box on the Street, Cramer asserted that BTC is ”not going…
“# Chris Giancarlo: U.S. risks becoming ‘backwater’ without central bank digital currency ” One of the few high-profile public officials to have served under both the Obama and Trump administrations, Chris Giancarlo is a former Wall Street executive-turn-regulator who is widely-respected by nearly all parties on Capitol Hill. As the former Chairman of the Commodities…
“# Data shows Bitcoin bears dominate Friday’s $2.5B BTC options expiry ” Bitcoin (BTC) price dropped roughly 22% over the past 7 days, retesting the $31,700 area for the second time in June. The most pressing news for the negative performance has been China supposedly cracking down bank accounts of over-the-counter desks, according to some…
“# Nvidia GPU prices in China fall amid crypto mining crackdown ” Amid the ongoing crackdown on cryptocurrency mining in China, prices of graphic cards from major GPU providers like Nvidia and Asus are becoming more affordable. According to a Monday report by South China Morning Post (SCMP), prices of some graphic cards have tumbled…
“#Bitcoin tumbles as China escalates crypto mining crackdown” The price of bitcoin tumbled Monday on fresh reports that China has expanded its crackdown on the mining of cryptocurrencies. Bitcoin traded as much as 9 percent lower Monday morning before recovering slightly. It was last seen trading at about $32,300 per coin as of 7 a.m….
“# Banks fall in line as China’s central bank cracks down on crypto accounts ” The Agriculture Bank of China (AgBank) — the world’s third-largest bank by assets — is set to implement Beijing’s firm anti-cryptocurrency measures and rigorously vet its clients to ensure they are not engaged in any form of illegal activities involving…
“# China’s 3rd largest bank ‘rugs’ BTC: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) is lower going into a new week’s trading — Monday has seen a test of levels below $33,000 and bulls are struggling. What could be next? With bullish short-term voices few and far between, it seems that…