Stock sell-off tanks Bitcoin price, but traders expect a bounce near $42K
Fear over the Evergrande situation weighed heavily on equities markets and Bitcoin price, leading traders to expect a bounce in the $42,000 to $38,000 zone.
Auto Added by WPeMatico
The Evergrande Debt Crisis in China and What It Could Mean for Bitcoin
The financial world is watching Evergrande and what’s going on in China closely, as this has been undoubtedly the headliner for the past couple of weeks. Today, global markets tumbled…
Here’s why Bitcoin might be safe from a global stock market crisis
BTC’s lack of integration with traditional finance and its inability to be forcefully sold to cover financial losses mean the price might not ‘collapse’ if there is a global stock…
Bitcoin Hashrate Climbs 128% Over 83 Days, Network’s Mystery Miners Disappear
Bitcoin’s hashrate has been climbing higher during the last two weeks, hitting 174 exahash per second (EH/s) on two occasions since June 28. Currently, Bitcoin’s network hashrate is coasting along…
China’s Hebei Province Begins Crackdown on Crypto Mining and Trading, Reports Reveal
Authorities in the Chinese province of Hebei have reportedly launched a campaign against cryptocurrency mining and trading. According to a quoted announcement by the region’s cyberspace administration, a number of…
Ethereum’s Hashrate Hits New Highs as Miners Resume Operations Outside China
Ethereum’s hashrate has recently reached a new all-time high (ATH) as miners have resumed operations despite the hostile approach undertaken by Chinese authorities earlier this year. China Clampdown Disrupts Ethereum’s…
Business as Usual But Bitcoin Price is Immune: Another Chinese Province Bans BTC
Another Chinese province has decided to follow the example and halt cryptocurrency mining and trading. While this continues to be the ongoing trend coming from China this year, the price…
Hebei is the latest China province to wield the crypto crackdown hammer
Authorities in the province say crypto mining is inimical to China's environmental conservation efforts.
Finding a new home: Bitcoin miners settling down after China exodus
Countries vie for cryptocurrency miner business as Chinese miners move to greener pastures. Here's where they are ending up.
Chinese Communist Party warn of NFT hype bubble
The local news publication, acting as the party's spokesperson, warned of a major decrease in the value of NFT assets once its bubble pops.