The Bitcoin mining manufacturer has suspended sales of machines amidst China’s crackdown on the mining industry.

TL;DR Breakdown • Kazakhstan is the preferred point for Bitcoin mining companies.• China continues its crackdown on cryptocurrencies. Companies dedicated to Bitcoin mining in China have continues to transfer their operations to other countries. This comes as Beijing increases pressure on its efforts to ban cryptocurrencies. China has been slowing down the cryptocurrency market for […]

Canaan has started mining Bitcoin with its latest Avalon Miner units in Kazakhstan after setting up a service center in the country earlier this month.

Bitcoin’s price suffered another tumble this week following the latest developments in China on the cryptocurrency front. The Chinese government had warned of its intention to crack down on mining in the country and it’s since been reported that more than 90 percent of the PRC’s mining capacity has been shut down as lots of […]

Many Bitcoin miners in China are down with the blues as Beijing forces several operations to go offline.

Bitcoin(BTC) wiped all its gains for the year as it dropped below the $30,000 support level amid concerns over the crackdown on crypto mining in China.

  Bitcoin has given the worst Puell Multiple since this bull run began. The coin has been on a downward spiral lately. News of crackdowns out of China. Miners having to find alternate locations for their activities. Mining facilities are airlifting their mining rigs out of China to the U.S. China also issued a ban […]

Tensions are running high as Bitcoin's hashrate plummets and Chinese authorities issue new warnings to banks. Here’s everything you need to know.

Crypto sinks with stocks as the Fed acknowledges inflation. Bitcoin has fallen 15% over the last week as the market weighs the impact of big shifts in the crypto ecosystem and broader macro environment. On Wednesday, Fed chairman Jerome Powell acknowledged rising inflation, and responded by bringing forward the timing of the next interest rate […]

The post Bitcoin Falls 15% on Inflation Bombshell – eToro Crypto Roundup appeared first on The Daily Hodl.

Microstrategy bought on Monday 13,005 Bitcoins worth about $489 million at an average price of $37,617 per coin. Now the business owns a total of 105,085 BTC that they bought for $2.74 billion. The average price per coin comes out to be $26,080. Microstrategy’s CEO Makes Bitcoin Acquisition Second Business Microstrategy’s primary business is software […]

Graphics card prices in China reportedly dropped as much as two-thirds on Chinese e-commerce websites.