Latest Forums in August 2021 Page: 7

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Career & Net Worth Of Dj Barbie
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Career & Net Worth Of Dj Barbie

1 month ago
Chelsea midfielder Gilmour out of crucial Scotland Euros clash
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Chelsea midfielder Gilmour out of crucial Scotland Euros clash

1 month ago
Chelsea outsider Ziyech attracting AC Milan interest
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Chelsea outsider Ziyech attracting AC Milan interest

1 month ago
Career & Net Worth Of Jermall Charlo
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Career & Net Worth Of Jermall Charlo

1 month ago
Celebrity Tailor, Yomi Casual And Wife, Grace Makun Become New Landowners In Lagos
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Celebrity Tailor, Yomi Casual And Wife, Grace Makun Become New Landowners In Lagos

1 month ago
Crypto Guru Su Zhu: Here’s What Caused Bitcoin Crash – And Here’s What’s Next
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Crypto Guru Su Zhu: Here’s What Caused Bitcoin Crash – And Here’s What’s Next

1 month ago
Candyman Director Nia DaCosta Talks Juneteenth & Telling Stories Through Horror
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Candyman Director Nia DaCosta Talks Juneteenth & Telling Stories Through Horror

1 month ago
Cameron and Nicholas Crovetti Join Amazon’s Goodnight Mommy Remake
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Cameron and Nicholas Crovetti Join Amazon’s Goodnight Mommy Remake

1 month ago
Crypto Analyst: ‘Very Likely That by 2025, Ethereum Will Hit $85,000 per ETH’
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Crypto Analyst: ‘Very Likely That by 2025, Ethereum Will Hit $85,000 per ETH’

1 month ago
Christian Eriksen discharged from hospital after successful operation
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Christian Eriksen discharged from hospital after successful operation

1 month ago
China Reportedly Orders Bitcoin Miners in Sichuan to Temporarily Cease Operations
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China Reportedly Orders Bitcoin Miners in Sichuan to Temporarily Cease Operations

1 month ago
China Reportedly Orders Bitcoin Miners in Sichuan to Temporarily Cease Operations
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China Reportedly Orders Bitcoin Miners in Sichuan to Temporarily Cease Operations

1 month ago
Civil Servants Steal Nigeria’s Wealth Not Politicians – Senator Urhoghide
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Civil Servants Steal Nigeria’s Wealth Not Politicians – Senator Urhoghide

1 month ago
China’s Changing Stance In the past month, China has ramped up its existing disdain for Bitcoin and the cryptocurrency market at large. Beijing recently called for a severe crackdown on Bitcoin trading and mining, which has triggered an exodus of miners into safer locations such as the United States (mainly Texas, which has an abundance of renewable energy).  Province leaders in Inner Mongolia, after failing to meet Beijing’s climate targets, have given Bitcoin miners two months to clear out. In the short term, a hashrate drop isn’t great for the market as a whole, which has already tumbled over 35% in recent weeks. However, setting up shop in more crypto-friendly jurisdictions with better access to sustainable resources could end up being the best long-term solution for miners.  As the availability of cryptocurrency mining and trading facilities in China starts to wane, it’s likely that larger traders will phase over to areas like Hong Kong, Singapore, or the United States, where greater trading flexibility can be found.
Forum

China’s Changing Stance In the past month, China has ramped up its existing disdain for Bitcoin and the cryptocurrency market at large. Beijing recently called for a severe crackdown on Bitcoin trading and mining, which has triggered an exodus of miners into safer locations such as the United States (mainly Texas, which has an abundance of renewable energy). Province leaders in Inner Mongolia, after failing to meet Beijing’s climate targets, have given Bitcoin miners two months to clear out. In the short term, a hashrate drop isn’t great for the market as a whole, which has already tumbled over 35% in recent weeks. However, setting up shop in more crypto-friendly jurisdictions with better access to sustainable resources could end up being the best long-term solution for miners. As the availability of cryptocurrency mining and trading facilities in China starts to wane, it’s likely that larger traders will phase over to areas like Hong Kong, Singapore, or the United States, where greater trading flexibility can be found.

1 month ago