China’s cryptocurrency crackdown leads to a fall in Ethereum Mining Hashrate
The crackdown on cryptocurrency miners by the Chinese government is not only telling on Bitcoin but also has a role to play in the Ethereum mining hash rate. According to data from Etherscan, the Ethereum mining hashrate, which peaked at 643,805.8731 GH/s on May 20, 2021, is rapidly declining. After decreasing by a staggering 21,397.4621 […]
Crypto is the most dangerous investment strategy – Elvira Nabiullina
The head of Russia’s central bank, Elvira Nabiullina warned investors to be wary of cryptocurrencies, saying the prices of the digital assets are very volatile and investors are in real danger of losing their funds. Elvira Nabiullina, the president of the Russian Central Bank, expressed her opinion on whether or not people should participate in […]
Crypto Crackdown, A “Trillion-Dollar” Mistake – MicroStrategy CEO
According to Microstrategy’s CEO Michael Saylor China has made its biggest mistake by implementing the crackdown on mining. Over the last two months of correction, MicroStrategy CEO Michael Saylor has been aggressively accumulating Bitcoin. The cloud computing company bought another 13,000 bitcoins earlier this week, bringing its total BTC holdings to above 100,000. According to […]
Is This What It Seems? Israel Are Exploring Crypto
Both states are investigating crypto at the same time, but for different reasons. Although Palestine and Israel are no closer to peace, they do have one thing in common: they are both researching digital currency. According to Bloomberg, the Palestinian Monetary Authority has initiated two feasibility studies exploring the creation of a Palestinian digital currency. […]
Could The Recent Recovery Be A Glimmer Of Hope For Bitcoiners?
Bitcoin experienced again another tumultuous week, with its price dropping below $30k on Tuesday. On the same day, the market capitalization of bitcoin plummeted by over $68 billion. At the time of publication, the market’s largest crypto appeared to be recovering from its 10.6% weekly loss and was trading around the $30k price level. BTC’s […]