In China, four provinces have already introduced a ban on the extraction of digital assets, and the country’s five largest banks were banned from conducting operations related to cryptocurrencies.

Experts explained what this will lead to and how it will affect quotes in the long term

On June 21, the People’s Bank of China held a meeting with the country’s five largest banks and the Alipay payment system, during which it warned financial institutions against cryptocurrency-related transactions.

Last month, the PRC authorities called for stricter regulation of mining and crypto trading. After that, bans on the mining of digital assets were introduced in four Chinese provinces: Sichuan, Yunnan, Qinghai, and Xinjiang.

Kramer sold the cryptocurrency due to its use in ransomware, as well as in connection with increasing pressure from China on the digital asset market

CNBC TV presenter Jim Kramer said he sold most of his bitcoins due to pressure on cryptocurrencies in China, as well as their use in ransomware. Kramer explained the persecution of bitcoin by the Chinese authorities by the fact that they view the coin as a threat to their regime, since they cannot control its circulation.

“When the PRC is pursued by something, they usually get their way. … This is not a democracy. This is a dictatorship. I think that they believe that this is a direct threat to the regime because this is a system that is beyond their control, ”the TV presenter said.

Mining cryptocurrencies for an unprepared person may seem like a complicated process that requires special knowledge and skills. Fortunately, there are technical solutions available on the market that make it easier to mine digital assets. For example, you can start mining with Nicehash.

What is Nicehash?

Nicehash is a mining platform. The site, translated into Russian, has a simple, intuitive interface, thanks to which even a beginner can start mining on it. The project has been running since 2014.

Mining on the platform is available for various operating systems, including Windows, MacOS, and Linux.

How does Nicehash work?

Mining on Nicehash, among other things, means selling the computing power of your equipment to other market participants. It turns out that the user of the platform earns not from direct mining of cryptocurrency, but through providing * the miners with resources.

Bitcoin bounced off the $41,250 resistance area and is now trying to find support. BTC has reached an area that could cause a rebound.

Failed bullish breakout

Bitcoin (BTC) reached a high of $41,330 on June 15, after which it began to decline. This high was marked inside the important resistance area formed by the $41.250 horizontal resistance and 0.382 Fibo retracement level. The price dropped below it on May 19 and has not closed above that level since.

A bullish breakout of this level could be the catalyst for a sharp rise in BTC.

However, despite the decline, technical indicators are still bullish. The MACD histogram is giving positive signals, the RSI is rising to the 50 marks, and the Stochastic Oscillator has formed a bullish crossover and is now growing.

UC Berkeley Alumni Group Paid 22 ETH for NFT on Digitized Cancer Practice Documents

Scientific developments are sold as NFTs at open auctions

A group of UC Berkeley alumni studying the use of blockchain technology to advance research have purchased the world’s first NFT token describing the latest cancer treatment that has won a Nobel Prize. The cost of the lot was 22 ETH or $55 thousand at the current exchange rate

“We are very proud to have won the world’s first Nobel NFT,” said Justin Humenanski, a Berkeley alumnus and investor in Playground Global.

Square Inc. pledged to invest $5 million in building solar-powered Bitcoin mining equipment (BTC)

The new facility will be built at the Blockstream mining site in the United States. Square spoke in detail about its participation in the project:

“We want projects operating in the bitcoin ecosystem to use electricity more efficiently and switch renewable sources more actively. Therefore, as part of our Bitcoin Clean Energy Initiative, we are working with @Blockstream to launch a green energy mining project. ”

“Together, we will create a public dashboard that clearly shows all the characteristics of a renewable energy Bitcoin mining project.”

Anatole Strum

Anatole Strum

Pop culture fanatic. Hardcore coffee junkie. Food ninja. Bacon expert. Hipster-friendly introvert. Crypto expert on Taklimakan.Network.