China’s largest bitcoin producing provinces have intensified a crackdown on cryptocurrency mining in the latest sign of how global authorities are toughening their stance on the rapidly growing digital asset markets. The country’s bitcoin mining operations, the power-hungry process of computational puzzle-solving that creates new units of the virtual currency, have been in retreat since May when the government confirmed a ban on cryptocurrency transactions and warned of… Source link

Ether (ETH) price outperformed Bitcoin (BTC) by 173% from March 28 to May 15. The incredible bull caused the token to reach a $4,380 all-time high. However, as cryptocurrency markets initiated a sharp drop on May 12, the trend started to reverse, and since then, Ether has underperformed by 25%. Some might say it is a technical adjustment after a strong rally. While this partially explains the move, it excludes some critical factors, including the fast advance of smart-contract network… Source link

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Reuters Ex-Tesla president sold stock worth $274 million since June 10 -SEC filing Long-time Tesla Inc executive and president Jerome Guillen, who left the company earlier in June, has sold an estimated $274 million worth of shares after exercising stock options since June 10, according to a filing with the Securities and Exchange Commission (SEC). The filing, which was submitted to the SEC on Tuesday, said that Guillen expected to sell 215,718 shares for $129 million that day, and that he… Source link

Ethereum Ethereum slid by 5.85% on Friday. Reversing a 0.21% gain from Thursday, Ethereum ended the day at $2,234.47. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,377.80 before hitting reverse. Falling short of the first major resistance level at $2,453, Ethereum slid to a late afternoon intraday low $2,125.12. Ethereum fell through the first major support level at $2,300 and the second major support level at $2,227. Steering clear of sub-$2,100 support levels,… Source link

At block number 10,499,401, which is expected to be mined next Thursday, the Ethereum test network Ropsten will undergo a backward-incompatible upgrade dubbed “London.”  This is the first of three test network releases for London in the lead-up to a main network activation tentatively scheduled by Ethereum developers for mid-July. Included in London are five code changes, also called “Ethereum Improvement Proposals” (EIPs). In a blog post released Friday, Ethereum Foundation’s Tim… Source link

Bitcoin declined about 5% over the past 24-hours as the price broke below $36,000 support. The world’s largest cryptocurrency by market capitalization is still up about 23% year-to-date, although some traders are concerned about the looming ‘death cross,’ which could indicate a shift from a bullish to bearish price trend. The death-cross is defined by a cross of the 50-day moving average below the 200-day moving average, which could occur over the weekend. Still, some analysts remain… Source link

Bitcon and ethereum prices were down 4% on Friday. Photo: Yuriko Nakao/Getty Images The cryptocurrency market saw a minor sell-off on Friday morning, with bitcoin (BTC-USD) and ethereum (ETH-USD), the world’s first and second largest coins, down around 4%. Bitcoin, which is currently trading at $37,866 (£27,259), reached a level of $41,330 on 15 June, a key $41,250 resistance area, however, it has been ever decreasing since. This week it has been knocked by an announcement from the US… Source link

Bitcon and ethereum prices were down 4% on Friday. Photo: Yuriko Nakao/Getty Images The cryptocurrency market saw a minor sell-off on Friday morning, with bitcoin (BTC-USD) and ethereum (ETH-USD), the world’s first and second largest coins, down around 4%. Bitcoin, which is currently trading at $37,866 (£27,259), reached a level of $41,330 on 15 June, a key $41,250 resistance area, however, it has been ever decreasing since. This week it has been knocked by an announcement from the US… Source link

Is Monero worth the investment in the cryptocurrency market? Let’s find out  When an opportunity presents itself in the cryptocurrency market, you best take it. And that’s the case with Monero right now. Initially known as BitMonero, Monero was launched in 2014 as a split from Bytecoin that was launched in 2012. Monero prides itself on being secure, private, and decentralized. Unlike Bitcoin where transactions can be traced back to the concerned person, Monero uses advanced cryptography… Source link