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Which of the following two statements bests describes bitcoin mining in China: It represents the actions of individuals acting independently and anonymously, who just happen to live in China. Even if the Chinese bitcoin miners aren’t explicitly part of a team, the Chinese government is aware of who they are and they could be induced (forced?) to collude with each other. My question goes to the heart of one of bitcoin’s BTCUSD, … Source link

Bitcoin and cryptocurrency prices have dived after staging something of a recovery earlier this week. The bitcoin price bounced back to over $40,000 per bitcoin following a sharp sell-off last weekend, however, the rally has failed to hold in the wake of the latest bitcoin monthly options expiry. Bitcoin’s price plummet to $35,000, wiping 10% off of bitcoin’s value over the last 24-hour trading period, has weighed on the broader crypto market, with other top ten tokens ethereum,… Source link

Blockchain-based tokens suffered several price dives last week in response to talk of a crackdown in China and tweets by Musk. Photo: Costfoto/Barcroft Media via Getty Images Major cryptocurrencies plunged into the red on Friday morning as the crypto market continues its volatility since last week’s massive sell-off.  Bitcoin (BTC-USD) fell back below $40,000 (£28,195) during the session, trading 4.9% lower to $36,708.  The world’s second most popular crypto, ethereum (ETH-USD) crashed over… Source link

Ethereum Ethereum slid by 4.98% on Thursday. Partially reversing a 6.72% gain from Wednesday, Ethereum ended the day at $2,745.51. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,893.96 before hitting reverse. Falling short of the first major resistance level at $2,987, Ethereum fell to an early morning intraday low $2,639.32. Ethereum fell through the 38.2% FIB of $2,740 and the first major support level at $2,720. Finding late morning support, Ethereum revisited… Source link

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Thu, May 27, 2021 Banning Bitcoin is a bad idea New Atlanticist by JP Schnapper-Casteras Representations of the virtual currency Bitcoin stand on a motherboard. Illustration by Dado Ruvic/Reuters. It has been a lively month for cryptocurrencies, between volatile markets and Elon… Source link

The May 28 futures and options expiry could be a turning point for Ether (ETH), as the cryptocurrency rebounded 60% from its $1,730 low on May 23. Even though the open interest stands at $6.2 billion, only 16% is set to expire on Friday, as most of the action takes place on perpetual and June contracts. One must account for the options expiry, as it could present an imbalance of forces. This feature is not true for futures markets, where longs (buyers) and shorts (sellers) are matched at all… Source link

Ethereum, Bitcoin, ETH/USD, BTC/USD Talking Points: Cryptocurrencies are continuing to show hints of recovery after a really rough two-week-stretch. That recovery does appear to be a little brighter in Ethereum at the moment, which highlights a bigger theme that’s become more prevalent in 2021 as Ether is appearing to steal some of the crypto spotlight from the titan of Bitcoin. At this point, there could be a bullish justification for Ethereum given the hold at higher-low support around… Source link

Getty Images It was worth $400 five years ago, but more than $60,000 in mid-April. You can buy it at a grocery store or gas station by using one of the 32,300 ATMs selling it. And it plays a leading role in many scams now… Source link

If you are looking for a major catalyst that may drive the price of Ether (CRYPTO:ETH), the native cryptocurrency on the Ethereum network, then look no further than Ethereum 2.0. Ethereum 2.0 is a set of upgrades currently in progress on the Ethereum blockchain that would make the network more scalable, secure, and sustainable. These upgrades have actually been in development since 2014 and represent a major transition for the world’s second-most… Source link