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Tag: China

China’s Absolute Control Over Digital Yuan Will Boost Demand for Cryptocurrencies, Says Analyst

May 22, 2021 wp-bot Bitcoin News

China’s push for the digital yuan will boost demand for cryptocurrencies, according to an analyst at BK Asset Management, citing that the Chinese government wants

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‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector

May 21, 2021 wp-bot Bitcoin News

A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the

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Crypto Prices Consolidate, Analysts Blame Bitcoin Market Rout on ‘Overleveraged Positions’

May 21, 2021 wp-bot Bitcoin News

Digital currency markets have been consolidating after taking some heavy losses during the last few days. Billions of dollars have jumped back into the crypto

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Chinese Firm Invests $25 Million in ‘Cryptocurrency Mining Data Center’ in Texas

May 20, 2021 wp-bot Bitcoin News

On Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center

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Bitcoin Hashrate Slides- Low BTC Prices, Sichuan Wet Season, Upcoming Difficulty Spike to Blame

May 20, 2021 wp-bot Bitcoin News

While bitcoin prices plummeted this week, the network’s hashrate has also dropped considerably since tapping a high on May 9. Since then, the hashrate has

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Reliving The FUD That Led To This Week’s Bitcoin Crash

May 20, 2021 wp-bot News BTC

It is the worst of times. It is the best of times. It is the age of fear, uncertainty, and doubt. Nevertheless, Bitcoin’s fundamentals remain

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