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China has outright illegalized all Bitcoin and cryptocurrency transactions. The CCP can't allow Bitcoin to thrive if it wants its digital yuan to succeed. Despite China's best efforts, the rest of ...
One year after the 2020 halving, bitcoin’s price was up 533% at one point. However, China's bitcoin mining ban put a damper on the market. Will history repeat itself?
Bitcoin sank to a two-week low Monday on reports that China has intensified its crackdown on cryptocurrency mining. The world’s largest digital currency fell as low as $31,760 Monday morning ...
The price of bitcoin fell dramatically upon the news. Just over a week after bitcoin hit a fresh all-time high of nearly $5,000, the two bits of news from China have prompted a two-stage wave of ...
Bitcoin's legal status in China“Notice” here is an understatement. This is the announcement that brought down Bitcoin’s exchange value from its high-water mark against fiat currencies. It ...
China has long been the world’s epicenter of bitcoin mining, an energy-guzzling process to secure the cryptocurrency network and mint new bitcoins via specialized machines known as “mining ...
China’s crackdown on Bitcoin (BTC) mining and cryptocurrency trading recently became a primary driver for the red candlesticks on crypto market charts. But one Bitcoin mining engineer believes ...