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What Next for Chinese Bitcoin Miners
After Government Crackdown, What Next for Chinese Bitcoin Miners?

Chinese Bitcoin miners are either shutting down or relocating amid government crackdown. Those that did not exit the market are selling bitcoins to move to crypto mining-friendly places like Texas and Kazakhstan. Publicly-traded Chinese Bitcoin mining firm BIT Mining has shipped 320 machines to Kazakhstan to restart its operations. The Chinese government has ordered the closing of Bitcoin mining activities within the country. This has affected the Bitcoin community at large, especially because more than half of the network’s hashing power comes from Chinese miners. Now that these Chinese miners cannot mine bitcoins in the country any longer, what will

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Has Elon Musk Abandoned Dogecoin
Has Elon Musk Abandoned Dogecoin Amid Bear Market?

Dogecoin has recently seen the biggest 24-hour loss in the top 10 cryptocurrencies on CoinGecko. Tesla CEO Elon Musk, who is a staunch supporter of the coin, has yet to give it a boost. Neel Kashkari called Dogecoin “pon-zi”, while Dogecoin-funded race car performed poorly during a NASCAR race. Meme coin Dogecoin continues to join the rest of the crypto market in a ruthless bloodbath. In the last 24 hours, the coin has had the most losses in the top 10 cryptocurrencies on CoinGecko. This is despite the fact that it was Bitcoin that was supposed to be struggling the

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BTC Price Plunges as China Slays Crypto Mining
BTC Price Plunges as China Slays Crypto Mining and Trading

Bitcoin price drops as China continues its crypto ban campaign MicroStrategy bought an additional 13,005 BTC Bitcoin price plunges drastically as China continues its campaign against cryptocurrencies. This movement of China has been made to control the financial risk in the country. Furthermore, the People’s Bank of China (PBOC) has reached out to some payment firms to strengthen their regulations against crypto trading. The China Construction Bank and Alipay are some of the major payment firms that the PBOC has invited. This initiative made by the PBOC aims to stop criminals from abusing cryptocurrencies in their transactions. PBOC explained further:

1 min read
Ethereum Market Cap Plunges
Ethereum Market Cap Plunges as Bitcoin Price Sinks

Ethereum market cap crashed hard due to the bearish market ETH remains the second-largest digital asset in the crypto world Ethereum market cap crashes as Bitcoin price slumps further. Specifically, the Ethereum market cap nose dived to almost $200 billion from its previous market cap of over $490 billion. This drastic decline of the ETH market cap is due to the continued high volatility of the crypto market. Truly, we can say that ETH is not in a good position to attract global investors. However, despite the left and right bearish wave of the crypto market, ETH keeps its throne

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BTC Dives Below $36k as China Cracks Down BTC Miners
BTC Dives Below $36k as China Cracks Down BTC Miners

Bitcoin fails to maintain its position above the uptrend position of $40k. China continues the cracking down of Bitcoin mining farms. Bitcoin fails to maintain its position above the uptrend position of $40k. As a result, the price of the crypto falls below $35k with a 7-day decline rate of -2.1%. This price decline of crypto is due to some issues that BTC is facing right now. The continued cracking down of Bitcoin mining farms is one reason to consider. Specifically, the shutting down of Bitcoin mining farms is a very hot topic in China. This movement comes after the

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El Salvador Fails World Bank Support Over
El Salvador Fails World Bank Support Over BTC Implementation

El Salvador failed to gain the support of the World Bank in its Bitcoin implementation. Athena Bitcoin offered El Salvador over a thousand Bitcoin ATMs installation in the country. The country of El Salvador has failed to gain the support of the World Bank in its Bitcoin implementation. This is due to the environmental and transparency issues that the cryptocurrency is facing. As a result, this decision made by the World bank gathered different opinions across the financial world. World Bank explained: “While the government did approach us for assistance on bitcoin, this is not something the World Bank can

1 min read
Crypto-Mining-in-Abkhazia-Shut-Down.
Crypto Mining in Abkhazia Shut Down Over 300 Mining Rigs

Abkhazia continues to shut down crypto mining farms The authorities have sealed and disconnected a total of 300 mining rigs The local government of Abkhazia, a partially recognized South Caucasus republic, continues to shut down crypto mining farms. Specifically, the authorities have already closed eight crypto mining farms from June 1 to June 14. This movement was made to enforce the country’s law on the crypto mining ban. The authorities have sealed and disconnected a total of 300 mining rigs. Furthermore, the largest mining farm that was inspected by the Abkhazia police was in Gali District. The mining farm in

2 mins read
Coinbase Listed SHIB
Shiba Inu Now Listed on Coinbase Pro, Robinhood to Follow?

Shiba Inu coin has been listed on Coinbase Pro; trading will begin on June 17. Shiba Inu was listed along with Chiliz and Keep Network. Alongside the listing announcement, at least 150,000 Shiba Inu holders managed to sign a petition to list the coin on the Robinhood app. Popular meme coin and Dogecoin emulator Shiba Inu is now listed on Coinbase Pro. Trading for the coin will begin on Thursday, June 17, at 9 AM Pacific Time (PT). The coin was listed along with Chiliz and Keep Network. Due to the announcement, the price of Shiba Inu surged as many

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Goldman Sachs Ethereum Options
Goldman Sachs to Expand Crypto Trading Options to Ethereum

Goldman Sachs revealed in a phone interview that they are planning to offer Ethereum to its clients. The bank stated that many of its clients are interested in trading cryptocurrencies. At the time of writing, Ethereum price is $2,552.98. Multinational banking giant Goldman Sachs has announced that it is mulling over the expansion of its crypto trading offering to Ethereum along with Bitcoin. Specifically, the bank will offer options and futures trading for the said currency in the succeeding months. According to Matthew McDermott, head of digital assets at Goldman Sachs, they have a lot of clients that are interested

1 min read
BTC and MATIC Join the Trend
Crypto Market Rocket High, BTC and MATIC Join the Trend

Crypto boosted its market position together with Bitcoin MATIC price surge to almost +20.5% in the past 7 days The crypto market continues to raise its market position along with the rise of Bitcoin in the past few days. Interestingly, the total crypto market capitalization of the whole crypto market increased to almost +3% in the past 24-hours. Best of all, Bitcoin was able to boost its market price to almost +20.5% in the past 7-days despite the bearish market. Truly, this is an event that has been celebrated by the crypto community all over the world. Aside from Bitcoin,

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GMR Finance Continues Bullish Trend Amid BSC Listing

GMR Finance (GMR) continues to skyrocket its trading price since it launched on the Binance Smart Chain. The crypto generated almost $10 million trading volume in the past 24 hours. GMR Finance (GMR) continues to surge in its trading price since it launched on the Binance Smart Chain (BSC). Specifically, GMR recorded a whopping growth rate of over +400% from its launch date to its current price as of the time of writing. As a result, the crypto generated almost $10 million trading volume in the past 24 hours. Upon its launch, GMR has burned 50% of its tokens, a

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TRON Blockchain Total Transaction Exceeds 2 Billion

TRON blockchain recently surpassed 2 billion transactions. The number of TRON accounts also reached 39 million. A couple of months ago, the market capitalization of Tether on TRON also exceeded that on Ethereum. The TRON community is on cloud nine, as the number of transactions on their blockchain has recently surpassed the 2 billion mark. According to TRON Foundation CEO Justin Sun, this proves that they have the “world’s fastest-growing public chain”. Sun expressed support to the TRON community for their staunch support behind the blockchain. Meanwhile, he also mentioned that the total number of TRON accounts now reached 39

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