China was home to most of the world's bitcoin mining farms. Now that she has shut down these sites, the miners must find a new base. The geography of cryptocurrencies is going to be completely redesigned in the coming months.Cutting off the power to bitcoin farms is an unstoppable way to force them to shut down. This is what China did recently, stopping nearly 90% of the … [Read more...] about Bitcoin miners can no longer stay in China: where will they go?
Cryptocurrency
Crypto miners in China sell their graphics cards amid crackdown
Bottom Line: More good news potentially for those of us who want to upgrade to a new graphics card without paying a small fortune on eBay: It looks like China's crackdown on crypto mining is causing miners to sell their GPUs - and for non-exorbitant prices - to better global availability.PC Gamer reports a screenshot posted on the Taiwanese PTT bulletin board shows … [Read more...] about Crypto miners in China sell their graphics cards amid crackdown
El Salvador to install bitcoin-friendly ATMs
On September 7, bitcoin will officially become legal tender in El Salvador. The country is preparing for this launch even if the World Bank and the IMF strongly disapprove of it.The schedule is tight. El Salvador has announced that it will soon give bitcoin legal tender status. The precise date is now known: it will be September 7, announced the government of … [Read more...] about El Salvador to install bitcoin-friendly ATMs
Morgan Stanley Holds Significant Stake in Grayscale Bitcoin Trust, SEC File Revealed
One of Morgan Stanley's funds bought over 28,000 shares of Grayscale Bitcoin Trust.The investment bank's indirect exposure to Bitcoin was an allocation of $1.3 million at the time of purchase.Morgan Stanley has given the green light to several funds to invest up to 25% of total assets in BTC-related products.Wall Street investment bank Morgan Stanley reportedly bought back … [Read more...] about Morgan Stanley Holds Significant Stake in Grayscale Bitcoin Trust, SEC File Revealed
CME Micro Bitcoin Futures Surpass 1 Million Contracts As Institutional Volume Rises
CME Group's Micro Bitcoin futures have passed the one million contract traded mark.This financial instrument allows institutions and retail traders to invest at a price lower than 0.1 BTC.Launched less than two months ago, the request shows that institutions are looking to hedge their positions.Micro Bitcoin futures contracts launched by the Chicago Mercantile Exchange … [Read more...] about CME Micro Bitcoin Futures Surpass 1 Million Contracts As Institutional Volume Rises
Miners Face Metaphorical Ax As Investors Push For Green BTC
The price of Bitcoin suffered a fatal setback last week as it revisited the crash levels of May 19, but this week is promising.Miners scramble to reallocate as China crackdown on BTC mining in several regions.Investors are mobilizing to offset Bitcoin's energy consumption through green initiatives.Bitcoin's price action has been brutal over the past week as it slipped to … [Read more...] about Miners Face Metaphorical Ax As Investors Push For Green BTC
Bitcoin mining set to get easier following restrictions in China
China's bitcoin offensive is putting miners across the country in dire straits. But it should make life easier for others. After the drop in hashrate generated by the closure of Chinese farms, the level of difficulty of the calculations required of miners should drop.China's bitcoin offensive isn't necessarily bad news for all miners. With the country's … [Read more...] about Bitcoin mining set to get easier following restrictions in China
Scam: biggest bitcoin theft reveals itself
Africrypt has been unavailable since August. Customers are missing 69,000 bitcoins, for $3.6 billion.Africrypt is a cryptocurrency buying platform based in Cape Town, South Africa. The company was founded by two brothers, Ameer and Raees Cajee, aged 17 and 20 respectively. Only, a little over two months ago, when Bitcoin was peaking, Africrypt disappeared. Quickly, Ameer … [Read more...] about Scam: biggest bitcoin theft reveals itself
Black day for Bitcoin mining, weighed down by China
It's the crisis for BTC mining equipment manufacturers. The manufacturer Bitmain suspends sales of machines, the prices of which are plummeting.The ban on Bitcoin mining in China has serious repercussions. The effects are felt beyond the single price of BTC, subject to strong tensions. During the week, the price of Bitcoin dropped back below $30,000.But it is also … [Read more...] about Black day for Bitcoin mining, weighed down by China
He invests 20 dollars before sleeping, and wakes up multibillionaire
Discover the fabulous story of Christopher Williamson, multi-billionaire for one night.In recent months, cryptocurrencies have been on the rise, thanks in particular to Elon Musk's tweets, but not only. Faced with the explosion of certain cryptocurrencies, this apparently much simpler investment than the Stock Exchange for example have tempted many people. Chris … [Read more...] about He invests 20 dollars before sleeping, and wakes up multibillionaire
