Cryptocurrency Analysis and News Portal
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The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.” The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had issued the warning about the largest cryptocurrency by market
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Bitcoin was headed for a ninth-straight weekly loss, a record in the largest cryptocurrency's trading history dating back to the early 2010s. Terra delivered its new LUNA "revival" tokens, and the price promptly crashed. Source
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The nonfungible token (NFT) game Stepn will ban users in mainland China in an attempt to follow Chinese regulatory requirements.The company's uncertainty has been fueled by rumors that it will be forced to leave mainland China. STEPN is a popular "move-to-earn" game based on Solana and BNB Chain, created by
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The Supreme People’s Court of China urged the local judicial system to adopt blockchain technology to build up connections between courts across the country by 2025. See related article: How blockchain technology is shaking up courtrooms in Asia Fast facts The document noted that there are over 2.2 billion pieces of judicial certificates
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Summary: Bitcoin miners based in China now control 21.1% of BTC’s hashrate. China is now ranked second in Bitcoin’s hashrate, hinting at the existence of covert mining facilities. This is despite China’s government reiterating in May 2021 its ban on Bitcoin mining and crypto trading. Due to the ban, the dominance of Bitcoin miners
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In theory, miners turn off their machines whenever bitcoin prices drop significantly, and it becomes unprofitable to keep them running. This time, even though hashprice has decreased, we haven’t seen this sort of drop off, and we have the public mining company filings to prove it. Public miners have all
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekCourt documents reveal Do Kwon dissolved Terraform
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Lately correlated nearly 1:1 with broader equity markets , cryptocurrencies were ahead 3.2% after nearly a week of declines that saw bitcoin (BTC) fall to as low as $24,000. At current press time, the largest crypto is selling for $30,300. Ether (ETH) added 2.2% in the past 24 hours to
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From September 2021 to January this year, China's contribution to the bitcoin mining network was second only to that of the U.S., according to the CCAF's Bitcoin Electricity Consumption Index (CBECI), which maps the mining activity around the world based on the geolocational data reported by partnering pools. Source
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