Cryptocurrency Analysis and News Portal
The biggest risk the bank sees is that policymakers move too fast and “implement measures that inadvertently inhibit adoption of cryptocurrencies,” and whilst not its base case, “regulators could still in theory adopt a highly restrictive stance on crypto-related services (or prohibit them altogether) that severely inhibit their growth.” Source
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Bitcoin was lower, retreating after rallying over the past 24 hours to a new all-time-high price of $19,920, based on CryptoX’s Bitcoin Price Index. Cryptocurrency analysts predicted bullish traders might next target the $20,000 threshold, though the market could struggle to break through if large potential holders choose to take profits at
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The publicly-traded firm has bought hundreds of rigs from mining hardware rivals MicroBT and Bitmain. Source
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