Michael Saylor denies collusion theories about the ‘Bitcoin Mining Council’
In a video interview this week, MicroStrategy CEO Michael Saylor denies accusations of clandestine motives behind the newly formed Bitcoin Mining Council (BMC). The BMC comprises some of the biggest U.S. miners led by Saylor and Elon Musk. The organization came about following Musk’s apparent U-turn on Bitcoin, in which he raised concerns over the alleged overuse […]
CHINA’S LATEST BITCOIN “BAN” IS AFFECTING MINING BUSINESSES
Last week, China banned financial institutions in the country from Bitcoin trading and that it will be cracking down on the mining businesses. Lots of Bitcoin platforms (this publication included) met the news with rolling eyes — China has historically “banned” its businesses from using Bitcoin many times with little impact and it’s also not technically possible […]