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Category: btc.d

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

China’s latest ban and crackdown on local crypto mining operations has been a nightmare for several Chinese operators. On Saturday, June 19, the Chinese authorities targeted the Sichuan province asking local government bodies to investigate and shut down Bitcoin mining operations. This has resulted in a severe drop in the BTC hashrate of Chinese mining

The post Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot appeared first on Coingape.

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Bitcoin (BTC) Is At A Major Downside Risk If the Equity Market Corrects Predicts Analyst

The world’s largest cryptocurrency Bitcoin (BTC) continues to trade sideways after failing to hold above $40,000 levels. At press time, Bitcoin (BTC) is down 7.5% trading at $35,274 with a market cap of $658 billion. The Bitcoin indicators and on-chain metrics are dodgy at this point giving a tough time for analysts. Popular Bitcoin analyst

The post Bitcoin (BTC) Is At A Major Downside Risk If the Equity Market Corrects Predicts Analyst appeared first on Coingape.

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BTC Hashrate Drops to Lowest in 2021, North America All Set to Become New Crypto Mining Hub

China’s crackdown on crypto does not seem to end as in a fresh report today Sichuan province of China issued an official statement ordering all the power generation companies in province to stop power supply to all crypto miners effective from 25th June 2020. Meanwhile, North American states are planning to grab this opportunity by

The post BTC Hashrate Drops to Lowest in 2021, North America All Set to Become New Crypto Mining Hub appeared first on Coingape.

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Just-In: Spain’s Banking Giant BBVA Launches Bitcoin Trading Service in Switzerland

The Switzerland arm of BBVA, a Spanish banking giant has launched Bitcoin trading and custody services for its private clients. According to the company’s official announcement, the dive into the cryptocurrency ecosystem was preceded by six months of testing in which the bank certified the demand, and interest in the growing asset class amongst its

The post Just-In: Spain’s Banking Giant BBVA Launches Bitcoin Trading Service in Switzerland appeared first on Coingape.

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Analysts Suggest Wait and Watch for Bitcoin (BTC) Traders Based on These Indicators

After a healthy pullback above $40,000 earlier this week on Tuesday, Bitcoin (BTC) has once again come under pressure slipping under $38,000 today. At press time, Bitcoin is down nearly 4% trading at $37,780 as traders look to take profits with every price rise. But several on-chain indicators suggest caution at this point as analysts

The post Analysts Suggest Wait and Watch for Bitcoin (BTC) Traders Based on These Indicators appeared first on Coingape.

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Miami Mayor Sets Up Stage to Attract Bitcoin Miners With Low-Cost Nuclear Power

Miami’s Bitcoin and crypto-friendly Mayor Francis Suarez is now setting up the stage to attract Chinese miners by wooing them with a low-cost nuclear power supply. Amid the recent crackdown in China, miners have been looking at overseas locations to continue their operations. On the other hand, the crypto mining industry is taking turns for

The post Miami Mayor Sets Up Stage to Attract Bitcoin Miners With Low-Cost Nuclear Power appeared first on Coingape.

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Crypto Enters US Politics As GOP Campaign Arm NRCC Confirms Accepting Crypto Donations

Digital currencies are set to become a prominent player in United States politics as the Republican arm of the House is set to begin accepting donations in crypto. According to a report by Axios, The National Republican Congressional Committee will be the first National party committee to accept donations using cryptocurrencies.  https://t.co/aIisNV5BiD pic.twitter.com/F9ktKFfHAq — NRCC

The post Crypto Enters US Politics As GOP Campaign Arm NRCC Confirms Accepting Crypto Donations appeared first on Coingape.

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GOP Campaign Arm NRCC to Accept Crypto Donations

Digital currencies are set to become a prominent player in United States politics as the Republican arm of the House is set to begin accepting donations in crypto. According to a report by Axios, The National Republican Congressional Committee will be the first National party committee to accept donations using cryptocurrencies.  https://t.co/aIisNV5BiD pic.twitter.com/F9ktKFfHAq — NRCC

The post GOP Campaign Arm NRCC to Accept Crypto Donations appeared first on Coingape.

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Cryptocurrency Holders Rises to 2.3 Million in UK; BTC, XRP, ETH Among Top Choices

Financial Conduct Authority (FCA) has confirmed an increase in the number of cryptocurrency holders in UK, arising from an increase in public interest and media coverage. Based on the findings from its recently conducted research, the FCA discovered a growing involvement of financial services players in the digital currency ecosystem, as well as increased interest

The post Cryptocurrency Holders Rises to 2.3 Million in UK; BTC, XRP, ETH Among Top Choices appeared first on Coingape.

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Kraken CEO Plans Public Listing In A Year’s Time, Wants Elon Musk to Do More Study on Bitcoin Mining

During a recent interview with Bloomberg TV, Jesse Powell, the chief executive officer (CEO) of crypto exchange Kraken said that they are planning for a public listing in a year’s time. Without giving any specific valuations target, Powell said that the firm is “doing all the prep work” currently. “We’re on a mission to bring

The post Kraken CEO Plans Public Listing In A Year’s Time, Wants Elon Musk to Do More Study on Bitcoin Mining appeared first on Coingape.

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Elon Musk Questions Kraken CEOs Claims On Bitcoin’s Greenness

Elon Musk is not changing his stand on Bitcoin’s negative environmental impact and in a fresh tweet he questioned Kraken CEO Jesse Powell. Kraken CEO in a recent interview to Bloomberg claimed that Bitcoin is greener than critics say. Based on What? Asks Elon to Jesse Billionaire Elon Musk after whole supporting Bitcoin took an

The post Elon Musk Questions Kraken CEOs Claims On Bitcoin’s Greenness appeared first on Coingape.

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World Bank Denies Any Help to El Salvador for Bitcoin (BTC) Implementation

After the IMF raised concerns about El Salvador adopting Bitcoin (BTC) as a legal tender last week, the World Bank has rejected any kind of help for Bitcoin implementation citing transparency and environmental concerns. On Wednesday, June 16, El Salvador’s Finance Minister Alejandro Zelaya said they are currently seeking technical assistance from World Bank to

The post World Bank Denies Any Help to El Salvador for Bitcoin (BTC) Implementation appeared first on Coingape.

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Bitcoin (BTC) Down 4% As the U.S. SEC Further Delays VanEck Bitcoin ETF Proposal

After trying to consolidate at around $40,000 levels over the last two days, Bitcoin (BTC) is down 4% as of writing this story slipping under $38,500 levels. At press time, the BTC price is training 4.21% down trading at $38,282 with a market cap of $720 billion. Bitcoin comes under pressure as the U.S. Securities

The post Bitcoin (BTC) Down 4% As the U.S. SEC Further Delays VanEck Bitcoin ETF Proposal appeared first on Coingape.

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Bitcoin (BTC) Whale Accumulation Continues, Millionaire-Tier Holds ~50% of Total Supply

Before its recent move above $40,000, Bitcoin (BTC) has been consolidating for a while in the $30K range. While many retail investors remained skeptical over the last few weeks, the BTC whales have been squeezing the supply silently. As per data on Santiment, Bitcoin ‘millionaire-tier’ addresses holding between 100-10,000 BTC have added a massive 90,000

The post Bitcoin (BTC) Whale Accumulation Continues, Millionaire-Tier Holds ~50% of Total Supply appeared first on Coingape.

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Bitcoin (BTC) Surges Past $40,000 Resistance With High Exchange Outflow, $50,000 Next In Sight

Earlier today, Bitcoin (BTC) finally moved past its crucial resistance of $40,000 levels and is currently trading 2.39% up at a price of $40,350 with a market cap of over $750 billion. As per the on-chain data provider, the Bitcoin price hit its 3-week high and a recent push above $40,000 with a massive exchange

The post Bitcoin (BTC) Surges Past $40,000 Resistance With High Exchange Outflow, $50,000 Next In Sight appeared first on Coingape.

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Canada’s Purpose Bitcoin ETF Continue Systematic Accumulation Over Last Month’s Price Decline

The Bitcoin (BTC) price is up 12% today aiming to surge past $40,000 levels after Elon Musk tweets that Tesla will once again resume Bitcoin transactions once 50% of the mining industry turns to renewables. However, Bitcoin has continued to remain on a serious decline and trading sideways over the last month. But this hasn’t

The post Canada’s Purpose Bitcoin ETF Continue Systematic Accumulation Over Last Month’s Price Decline appeared first on Coingape.

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Bitcoin (BTC) Jumps 12% Today But Crowd Sentiment for Altcoins Turn Negative. End of Bull Run?

The overall cryptocurrency market is up 8% as of writing this story with Bitcoin (BTC) shooting 12% taking its overall market dominance above 45%. The Bitcoin price has shot up post-Elon Musk stating that Tesla will once again accept Bitcoin (BTC) payments once 50% of BTC mining turns on renewables. Late Sunday evening, June 13,

The post Bitcoin (BTC) Jumps 12% Today But Crowd Sentiment for Altcoins Turn Negative. End of Bull Run? appeared first on Coingape.

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Max Keiser Suggests El Salvador to Float Bitcoin ‘Volcano Bonds’ to Retire the IMF Loans

Last week, El Salvador passed the historic Bitcoin law making it the first country to make Bitcoin a legal tender. Soon as the Bitcoin law comes into action in the next 90 days, merchants will start accepting it against their goods and services. However, the International Monetary Fund (IMF) raised objections citing legal and economic

The post Max Keiser Suggests El Salvador to Float Bitcoin ‘Volcano Bonds’ to Retire the IMF Loans appeared first on Coingape.

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MicroStrategy’s Michael Saylor Kickstarts the Bitcoin Mining Council Inviting Industry Players to Join

On Thursday, June 11, MicroStrategy chief Michael Saylor officially kickstarted the newly formed Bitcoin Mining Council thereby inviting industry players. The Bitcoin Mining Council basically aims to shift the dynamics of the crypto mining industry by moving towards energy-efficient mining solutions. Inviting different industry players, Saylor said that the Bitcoin Mining Council will serve as

The post MicroStrategy’s Michael Saylor Kickstarts the Bitcoin Mining Council Inviting Industry Players to Join appeared first on Coingape.

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JPMorgan Warns of Upcoming Bear Market In Bitcoin (BTC)

Although Bitcoin (BTC) has registered a strong pullback in the last 24 hours moving past $37,000 levels earlier today, JPMorgan analysts are a bit skeptical about its future journey ahead. A recently published report from Bloomberg states that the bank analysts have warned of ‘backwardation’ in the futures market. It means that the spot price

The post JPMorgan Warns of Upcoming Bear Market In Bitcoin (BTC) appeared first on Coingape.

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