China remains an important role in the world of bitcoin mining. First of all, it has great capability of increasing industry cohesion, thanks to its geographical location. Besides, through very cheap labor costs China is able to gain the competitive edge in the rapid manufacture of miners. The endowment of natural sources is also a […]
Tag Archives: bitcoin
Blockchain News
American Billionaire Tom Draper talking about big wave of Bitcoin buying after COVID-19
07
May
May
Tim Draper, one of the billionaire venture capitalists expressed his vision that world governments printing money to cushion the blow from the COVID-19 pandemic could make people flock to Bitcoin (BTC) once the dust settles, according to his new interview. Draper expects that geographical boundaries will stop making much sense, which will spur the adoption […]
30
Apr
Apr
Bitcoin Rallies 10% Ahead of CME April Futures Expiration Bitcoin prices spiked to a new monthly high of over $7,725 The rally comes on the day before the expiry for CME April bitcoin futures. Over $68 million worth of contracts were liquidated on BitMEX Thursday morning, according to data from Skew, as futures open interest […]
28
Apr
Apr
The Bitcoin halving will commence in May with several analysts suggesting that there will be a price surge and ignites a cryptocurrency market. Every few years, or every 210,000 mined blocks to be precise, Bitcoin undergoes a halving. A halving is where block rewards for miners get slashed from 12.5BTC to 6.25BTC. In its 11-year […]