Known for his reluctant stance on decentralized money, the Governor of Bank of England (BOA), Andrew Bailey, has recently taken his anti-crypto rhetoric up a notch. Speaking at a meeting with lawmakers in London, Bailey stated that cryptocurrencies are “dangerous.”

Andrew Bailey Remains Sceptical About Cryptos

“Crypto-assets,” as the central bank’s official labels bitcoin and the rest, present a danger to the public, Bailey told the British Parliament’s Treasury Committee. The Governor’s statement on Monday reiterates his long-standing concern about decentralized digital currencies, Reuters noted in a report. Addressing the committee mem ... Read more »

Category: News | Views: 173 | Added by: danyagames2007 | Date: 26.05.2021 | Comments (0)

Bitcoin price broke below the 200-day moving average after the recent sell-off.
Historical data shows that losing this support level has led to steep corrections in previous bull markets. 
Despite the bearish outlook, BTC may be primed to rebound before making lower lows. 
Bitcoin price could have hit a market top on April 14 when it made an all-time high of nearly $65,000. Even though there is potential for a rebound, the upswing might be short-lived. 

Bitcoin price loses crucial support level

In the following video, FXStreet's analysts evaluate where Bitcoin price could be heading next after losing the 200-day moving average as support.

... Read more »

Category: News | Views: 161 | Added by: rozhkovagency | Date: 26.05.2021 | Comments (0)

Shenzhen-based Bit Mining is planning to construct and operate a 100 MW crypto-mining data center in Kazakhstan. The project will be implemented in partnership with two local companies that will also provide the enterprise with an array of services. The total amount of the investment will exceed $9 million.

Kazakhstan to Host New 100 MW Crypto Mining Facility

Bit Mining announced this week it has entered into a binding investment term sheet with a Kazakhstani entity. The two companies will cooperate on the construction of a new crypto mining facility in the Central Asian republic. The Chinese firm will have an 80% equity interest in the new Kazakhstan Mining Data Center, with th ... Read more »

Category: News | Views: 230 | Added by: danyagames2007 | Date: 26.05.2021 | Comments (0)