According to Kevin Zhang, the vice president of crypto mining firm Foundry, Yunnan officials have moved to shut down all major Bitcoin mining facilities in the southwestern province.

Citing an anonymous source, Zhang said on Wednesday that the latest crackdown efforts were related to China’s 100thCommunist Party anniversary that was celebrated on July 1.

All major #bitcoin mining farms in Yunnan have been shutdown today. China isn’t messing around when it comes to the CCP’s 100 yr anniversary.
— Kevin Zhang (@SinoCrypto) June 30, 2021

Just like Sichuan, Yunnan is known for its abundant hydropower. It was the fourth-largest Bitcoin-producing province in China. However, in early June, stat ... Read more »

Category: News | Views: 141 | Added by: danyagames2007 | Date: 02.07.2021 | Comments (0)

The Bitcoin market is a new market every day, solely because of its volatility. No matter how accurately one predicts the future, the outcome is always surprising. However, this time the case seems to be a little different as Bitcoin might have just confirmed top analysts’ this theory. On the 4-hour chart, BTC’s price increased and on other time frames, it did some wonders as well.

Bitcoin to be worth $280,000!
These were the words of Scott Melker aka “The Wolf of All Streets”. In his recent analysis video, he took up the monthly chart and brought forward some interesting points. Firstly, on the monthly chart, BTC breached the EQ line or the mid-line. The king coin had kept its candles under the line fo ... Read more »

Category: News | Views: 178 | Added by: danyagames2007 | Date: 02.07.2021 | Comments (0)

Bitcoin accumulation is on the rise again after BTC whales dumped nearly 60,000 coins in the last two weeks. In terms of price, the world’s largest cryptocurrency is still trading near $33,000, which is down approximately 5% in the last 7 days.

Santiment, a crypto analytics and on-chain analysis firm, mentioned that the Bitcoin whales are now holding 48.3% of the total BTC supply. According to the company, BTC addresses with 100 to 10,000 Bitcoin are now holding 9.06 million coins.

Bank Account Alternative. Business Account IBAN.

“Bitcoin whale addresses holding between 100 to 10k BTC are finally showing a turning point in accumulating again. In the past 2 weeks, these large addresses shed 60,000 BTC. The ... Read more »

Category: News | Views: 149 | Added by: danyagames2007 | Date: 02.07.2021 | Comments (0)

Bitcoin is down almost 50% from its ATH of May and the fear of the coin running into a bear market keeps rising. However, some people consider the price fall as an opportunity to buy as much Bitcoin as possible. While the strategy is sound, the important question is when should you buy. Popular analyst Rekt Capital, with the help of Puell Multiple, answered this question.

Buy Bitcoin?
Puell Multiple (P-Multiple) is a data science indicator that shows periods of outsized potential returns for investing in a coin when it is undervalued. It highlights the area which has preceded great buying opportunities for Bitcoin. Historically, when the indicator is in the undervalued area, the price action of the coin is usually in consolida ... Read more »

Category: News | Views: 176 | Added by: danyagames2007 | Date: 02.07.2021 | Comments (0)