Beijing is conducting a check on data centers involved in cryptocurrency mining to understand their impact on energy consumption. The probe was directed by city authorities.

The Beijing Municipal Bureau of Economy and Information Technology sent an “emergency notice” to the city’s data center operators earlier this week to report on if they are involved in crypto mining and if so, to provide the amount and share of power consumed by them, reported the Chinese state media PengPai.

The three biggest telecom operators in China also received the notice.

“China used to be a place where cryptocurrency mining was thriving, but the business is shrinking due to policies,” Edward Lu, senior vice president of Canaan Inc, a Chinese cryptocurrency mining machines maker told Reuters.

The Beijing Bur ... Read more »

Category: News | Views: 108 | Added by: danyagames2007 | Date: 30.04.2021 | Comments (0)

The flagship cryptocurrency touched a 13-day high of $57,442 at 4:01 p.m. UTC on the Bitstamp exchange.       

At the time of wiring this article, Bitcoin is only 2.8 percent away from finishing the month in the green with hours left till the daily close after plunging to roughly $47,000 on Apr. 28. 

Capital rotation to Ethereum was one of the main narratives of late April, with JPMorgan predicting that it should ultimately outperform the crypto king. However, this trend appears to be reversing course, with the ETH/BTC pair now plunging by over six percent in the last few hours.


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Category: News | Views: 114 | Added by: danyagames2007 | Date: 30.04.2021 | Comments (0)

Individuals and companies are not the only ones who take advantage of the significant bitcoin prices surging across the board, despite recent pullbacks. In New Jersey, United States, a county yielded profits after liquidating seized cryptocurrencies during a drug investigation.

Authorities Gained Control of the Cryptos in 2019

According to NBC New York, local authorities from Monmouth County got the bitcoin (BTC) during a raid in the context of an illegal narcotics distribution crackdown in 2018. Investigators found that such digital assets were part of the profits gained by the criminals due to its drug sales.

Approximately, the county netted 300% in profits from the liquidation when BTC was excha ... Read more »

Category: News | Views: 194 | Added by: 4zvezda | Date: 30.04.2021 | Comments (0)

In recent months the price of Bitcoin has risen sharply on balance, despite some fluctuations. How high can the value of Bitcoin rise? In the view of Wim Boonstra, Senior Advisor at Rabobank, Bitcoin could still increase in value, but it could just as easily go the other way.

Bitcoin’s value is determined by the value its enthusiasts attach to it
“Some people anticipate that the value of Bitcoin can rise much, much higher, to a million dollars even. If asked whether this is possible, I can only say: yes, it could. The value of Bitcoin could even rise to as much as two million dollars, or more. But it might not, because the chance that the value of Bitcoin could suddenly crash, even to zero, is arguably just as likely.” 

“The value of Bitcoin is completely determined by the value its enthusiasts a ... Read more »

Category: News | Views: 111 | Added by: danyagames2007 | Date: 30.04.2021 | Comments (0)

Bitcoin and other cryptocurrencies are nothing more than bubbles and will never replace gold, according to Barrick Gold CEO Mark Bristow. 

Digital currencies have experienced massive price gains during the pandemic, leading many investors to speculate they could supplant gold as a hedge against inflation. 

"They look like bubbles, they act like bubbles, they smell like bubbles," Bristow told FOX Business in reference to cryptocurrencies. 

Speculators have driven prices to record highs this year and last as Congress has doled out billions of dollars through stimulus checks and as the Federal Reserve cut rates to near zero and pledged to buy an unlimited amount of assets to support the U.S. eco ... Read more »

Category: News | Views: 155 | Added by: danyagames2007 | Date: 30.04.2021 | Comments (0)

Ashton Kutcher is great about running companies by Mila Kunis before he invests in them, although she doesn't always give the best advice, as when she advised against trusting Uber or Bitcoin.

Ashton Kutcher is known for identifying successful companies before they become ubiquitous, but Mila Kunis might not be quite as skilled. 

The 37-year-old Bad Moms star visited The Late Show on Thursday, April 29, where host Stephen Colbert praised her husband's acumen as a venture capitalist, given that the 43-year-old What Happens in Vegas actor has been an early backer in such influential companies as Airbnb and Skype. When Stephen asked Mila if Ashton solicits her advice before investing, she admitted to not always having the most sterling track record. 

"The best part about him is he is really smart about including me in everything and making sure that I am aware of everything that is happening," shared Mila, who ... Read more »

Category: News | Views: 142 | Added by: danyagames2007 | Date: 30.04.2021 | Comments (0)

Chancellor Rishi Sunak has asked the Bank of England (BoE) to look at the case for a new ‘Britcoin’, or central bank-backed digital currency (CBDC), aimed at tackling some of the challenges posed by some digital currencies and explore the opportunities and use cases offered by this new technology.

In the HM Treasury’s statement, the Chancellor announced the launch of a new task force to lead the UK’s work on a central bank digital currency, which will bring together HM Treasury and the Bank of England. Two new forums will also be established to engage technical experts and key stakeholders (including financial institutions, merchants, business users, civil society groups, and consumers) through the process. I ... Read more »

Category: News | Views: 113 | Added by: danyagames2007 | Date: 30.04.2021 | Comments (0)