By FintechNews staff When China’s bitcoin crackdown came into effect, many speculated that the industry would never recover. Amazingly, though, the ban served to highlight both the resilience of the sector and the entrepreneurial spirit of the miners who keep the wheels of the blockchain turning. There are many reasons behind China’s bitcoin ban. […]

The post Why China´s ban played great for Bitcoin appeared first on Fintech News.

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As the saying goes "one man's trash is another man's treasure", China has kicked out 90% of Bitcoin miners, but the rest of the world seems to be benefiting from the move. Kazakhstan is now reaping the benefits of crypto miners fleeing China, while Beijing continues to lose revenue and vital technology.

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In recent times, China has made moves to halt all forms of Bitcoin mining in its vicinity. According to the government, the operation is consuming more energy than necessary. There have been concerns on how the crackdown will affect crypto prices, given that other countries also picked up the trend. China’s action led to a […]

Bitcoin’s difficulty score has dropped for the fourth consecutive time.

Bitcoin’s difficulty ribbon compression indicator, an indicator that takes advantage of its difficulty ribbon indicator to measure market capitulation, has just started “pumping,” which historically has meant the price of BTC is about to move up. As YouTuber The Moon pointed out, the indicator has started pumping for the first time during this bull cycle, […]