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crypto crackdown
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China’s renewed crypto crackdown wipes nearly $300 billion off the market

China’s renewed crypto crackdown wipes nearly $300 billion off the market Via CNBC.com: China’s renewed crackdown on the cryptocurrency industry has wiped off nearly $300 billion in value from the total digital currency market since Friday, when a major bitcoin mining hub ordered miners to shut down operations. Bitcoin was down around 2% at $32,330.21 at around 4:12 a.m. ET on Tuesday, according to CoinDesk data. Other cryptocurrencies including etherand […]

today06/22/2021 18

crypto mining
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Bitcoin drops as China intensifies crypto mining crackdown

Bitcoin drops as China intensifies crypto mining crackdown Via CNBC.com: Bitcoin sank Monday on reports that China has intensified its crackdown on cryptocurrency mining. The world’s largest digital currency fell 7% to a price of $32,801 Monday morning, dropping below $33,000 for the first time since June 8, according to data from Coin Metrics. It was last trading at $32,964 as of 5 a.m. ET. Smaller rivals like ether and […]

today06/21/2021 1

bitcoin miners
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Miami’s mayor looks to woo Chinese bitcoin miners

Miami’s mayor looks to woo Chinese bitcoin miners Via CNBC.com: Mayor Francis Suarez says Miami’s doors are open to bitcoin miners in China who are currently scrambling to find a new home after Beijing made it clear that their days are numbered. Mining is the energy-intensive process which both creates new coins and updates the digital ledger of all transactions of existing tokens. More than half of all miners are […]

today06/18/2021 6

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