Since its creation in 2009, the Bitcoin meteoric price rally remains a controversial topic across mainstream media. While many publications disregard BTC as a highly volatile asset and label its price action random, some data sets assert that the price movements get influenced by well-known metrics. According to data from Blockchain.com, a Reddit post, which […]
The People’s Bank of China has just issued a notice to several financial institutions regarding the facilitation of cryptocurrency transactions. The apex bank noted that it discussed the cryptocurrency issue with financial institutions like the Industrial and Commercial Bank of China, Agricultural Bank of China, Construction Bank, Postal Savings Bank, Industrial Bank, and the Alipay […]
According to data from BTC.com, Bitcoin’s mining difficulty is on its way to post an 11.2% drop. According to the report, the Bitcoin network recorded two negative adjustments on May 30 and June 6 (16% and 5.3%, respectively), making this the third adjustment under 30 days. Mining difficulty, which gauges how hard miners find it […]
As the Chinese government continues to crack down on Bitcoin mining and cryptocurrency use in the country, the Sichuan power plants have received orders to cease servicing Bitcoin miners in the region. The new development got reported by the Ya’an municipal government. An insider told local media house Panews that the Sichuan Ya’an Energy Bureau […]
Argentina is currently experiencing a boom in Bitcoin mining operations thanks to its highly subsidized power rates and exchange controls, granting miners the ability to sell their newly-mined BTC at prices above the official rate. The increasing mining activity in Argentina also stems from the fact that the country operates a capital control system that […]
