Crypto Currency

Chinese Government Could Act on Coal-powered Bitcoin Mining

Reading Time: 2 minutes The Chinese government could take action against coal-powered Bitcoin mining farms A recent report claimed that Bitcoin mining operations could undermine the country’s new carbon footprint targets Some areas have already started taking action against crypto miners The Chinese government could take steps to limit the number of coal-powered Bitcoin mines…

Published 6 years ago in
Chinese Government Could Act on Coal-powered Bitcoin Mining

Reading Time: 2 minutes The Chinese government could take action against coal-powered Bitcoin mining farms A recent report claimed that Bitcoin mining operations could undermine the country’s new carbon footprint targets Some areas have already started taking action against crypto miners The Chinese government could take steps to limit the number of coal-powered Bitcoin mines as the practice threatens to derail the country’s carbon reduction plans. China wants its emissions to peak in 2030, and has plans to be carbon neutral by 2060, but the scale of Bitcoin mining in the country threatens to undermine these plans. The issue was highlighted by a study
The post Chinese Government Could Act on Coal-powered Bitcoin Mining appeared first on FullyCrypto.
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Crypto Currency

XRP Price Prediction: Bitcoin Dominance Puts $1.30 Support at Risk

TLDR: XRP trades at $1.30, down 7.21% over seven days, with $1.30-$1.32 serving as key support. Vuori Trading identifies $1.39 as the next resistance and $1.87 as a potential breakout target. Cryptoinsightuk prefers a lower XRP entry near $1.22, with liquidity extending toward $1.20. Rising Bitcoin dominance could pressure XRP and other altcoins if capital

Published 12 hours ago in
XRP Price Prediction: Bitcoin Dominance Puts $1.30 Support at Risk

TLDR: XRP trades at $1.30, down 7.21% over seven days, with $1.30-$1.32 serving as key support. Vuori Trading identifies $1.39 as the next resistance and $1.87 as a potential breakout target. Cryptoinsightuk prefers a lower XRP entry near $1.22, with liquidity extending toward $1.20. Rising Bitcoin dominance could pressure XRP and other altcoins if capital […]
The post XRP Price Prediction: Bitcoin Dominance Puts $1.30 Support at Risk appeared first on Blockonomi…
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Crypto Currency

Bitcoin Analysts Are More Bullish Now Than at the Start of the 2023 Bull Market: CryptoQuant

Is being too bullish actually good for the crypto market…

Published 12 hours ago in
Bitcoin Analysts Are More Bullish Now Than at the Start of the 2023 Bull Market: CryptoQuant

Is being too bullish actually good for the crypto market…
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Crypto Currency

Crypto Weekly Recap: Why Bitcoin Fell, Ledger Hack and MSCI Risk for Strategy

TLDR Bitcoin fell to about $79,800 on October 15 after higher-than-expected US inflation data, then rebounded. Tampered Ledger hardware wallets were used to steal an estimated $90 million. MSCI’s new index rules could affect Strategy and other companies that hold mostly crypto. Circle’s USDC became the first stablecoin to get the EU’s top e-money token

Published 12 hours ago in
Crypto Weekly Recap: Why Bitcoin Fell, Ledger Hack and MSCI Risk for Strategy

TLDR Bitcoin fell to about $79,800 on October 15 after higher-than-expected US inflation data, then rebounded. Tampered Ledger hardware wallets were used to steal an estimated $90 million. MSCI’s new index rules could affect Strategy and other companies that hold mostly crypto. Circle’s USDC became the first stablecoin to get the EU’s top e-money token […]
The post Crypto Weekly Recap: Why Bitcoin Fell…
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Crypto Currency

Crypto ETFs Lose $610 Million as Ethereum Outflows Overtake Bitcoin

TLDR U.S. crypto ETFs saw $610.7 million in net outflows from Oct. 12 to Oct. 16, down from $1.29 billion the week before. Ethereum funds lost $320.1 million, with BlackRock’s iShares Ethereum Trust making up $299 million of that. Bitcoin funds lost $228.4 million, even after a $175.7 million Tuesday…

Published 12 hours ago in
Crypto ETFs Lose $610 Million as Ethereum Outflows Overtake Bitcoin

TLDR U.S. crypto ETFs saw $610.7 million in net outflows from Oct. 12 to Oct. 16, down from $1.29 billion the week before. Ethereum funds lost $320.1 million, with BlackRock’s iShares Ethereum Trust making up $299 million of that. Bitcoin funds lost $228.4 million, even after a $175.7 million Tuesday…
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