Bitcoin seems to stabilize
Digest more
Fears have been swirling for years that the era of U.S. dollar reserve currency status could be coming to an end, with the turmoil triggered by U.S. president Donald Trump’s global trade tariffs and the rise of China as a economic challenger to the U.S. stoking those fears.
Before 2021, China controlled a large share of global Bitcoin (BTC) mining. Data from the Cambridge Bitcoin Electricity Consumption Index shows that Chinese miners produced about 65% of the world’s Bitcoin computing power in 2020. In 2021, the Chinese ...
A severe winter storm has forced US miners to curtail operations, dragging bitcoin’s hashrate, output and miner margins to their weakest levels in months.
Traders are braced for this week’s inflation reading to be higher than previously expected—triggering warnings of "unprecedented
Compass Mining noted in a recent update that China currently holds an estimated 14% share of the global Bitcoin mining market. This, according to Hashrate Index, which reportedly makes it the world’s third-largest contributor to the overall global hashrate.
Bitcoin's BTC $88,386.18 price often dances to the tune of global money flows, and right now, a strengthening Chinese yuan (CNY) could be setting the stage for a more bullish backdrop for the cryptocurrency, according to one observer. The yuan traded at 7. ...
Bitcoin dropped to $74K before recovering while stock futures fell. Gold crashed 10% and silver plunged 15% as $510M in crypto liquidations hit markets.
Data from the CBECI suggest that any miner paying at least $0.10 per kWh for energy will be making a loss on each Bitcoin mined.
Bitcoin price plunged to $88,000s on Friday, down over 4% in the past 24 hours. The cryptocurrency is trading near its seven-day low of $88,091, and about 4% below its seven-day high of $92,805. The global market capitalization for Bitcoin now stands at $1 ...
Hosted on MSN
Bitcoin mining in China rebounds, defying 2021 ban
Bitcoin mining is quietly staging a comeback in China despite being banned four years ago, as individual and corporate miners exploit cheap electricity and a data center boom in some energy-rich provinces, according to miners and industry data. China had ...