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Found 4 results

  1. Bitcoin miners (BTC) in Sichuan province in China are reportedly under local authority to reduce their operations due to lack of electricity. On December 29, the Asia Times reported that during the dry season, which expanded from October to April, power supplies dropped dramatically in Southwest China, which is why the local government tightened screws on mining companies to reduce their operations. The mining company Bitcoin is officially banned but tolerated in Sichuan province during the rainy season when hydroelectric power plants produce more electricity than is needed, utilizing excess energy thanks to East Asian rain. However, during the dry season, local authorities try to ensure adequate power supplies for local residents and businesses and therefore redirect their focus to regional Bitcoin farming, which uses excessive amounts of electricity to run their mining rigs. The Chinese authorities are not only cracking down on BTC mining agriculture. They are also chasing power plants. Two power plants received fines of around $ 140,000 in December for providing electricity to Bitcoin miners without getting a power license. China, whose BTC miners are currently responsible for 66% of the global hash rate, continues to struggle against the illegal use of energy by crypto miners. In mid-November, regulators in the Inner Mongolia China Autonomous Region tightened their grip on the crypto mining company, sending an inspection unit to ensure the cleaning and repair of crypto mining companies in the region. In December, Chinese authorities seized nearly 7,000 crypto mining machines, illegally consuming electricity. The seizure occurred as part of an inspection of more than 70,000 households, 3,061 traders, 1,470 communities, as well as factories, mines, yards and villages in the Kaiping District, Tangshan City. What do you think, give your opinion about the reduction of Bitcoin mining operations due to lack of electricity?
  2. Bitcoin in the past seven months has experienced price declines that have worried investors. The price of Bitcoin at the end of this year also touched the figure of $ 6,600 and this price will probably last until the end of 2019. But no need to worry, because in 2020 the price of Bitcoin is predicted to recover and has a favorable price for its users. To make it a reality, 3 bullish factors are supporting it to make Bitcoin return to a positive trend. 1. PlusToken liquidation It has become a public discussion if one of the biggest Ponzi schemes in the crypto industry has a considerable effect on the crypto market. Research firm Crypto Chainalysis, recently reported that digital wallet fraud in China may have accumulated more than $ 3 billion cryptocurrencies. The company tracks if there is a movement of around $ 2 billion when the perpetrators wash stolen goods at the counter or elsewhere. This is a big problem for the crypto world because it coincides with market movements this year. However, according to NewsBTC, it seems that the sell-off has eased and can have a positive impact on the price of Bitcoin which may recover after reaching negative levels this year. 2. 148 Days Before Halving Day Halving is not something to be underestimated, as shown by PlanB industry analysts, the market has made a big step in halving beforehand and maybe this will happen again. There is some momentum that can be used while heading to the Halving event which is predicted to occur in May 2020. Economic factors will improve, for example, a decrease in inflation, a reduction in supply and a double ratio for supplies in the flow. Investors and industry observers also agree that halving will have a very positive impact on Bitcoin. 3. Increased institutional and institutional investors Currently, products like Bakkt are settled with cash. Bitcoin futures do not provide any impact on digital assets and only provide extensive exposure to digital coins. This year various new institutional products are released and this trend is likely to continue until 2020. Institutional and institutional investors generally do not dare to take risks and prefer to invest in safer assets to place wealth. Products such as share ownership or loans in the Defi market are likely to emerge as institutional investors in 2020 and make crypto-assets one of the main investment tools. Some of these factors are thought to support the recovery of Bitcoin prices, but as a reminder, all of this is just a prediction. The price of Bitcoin is very volatile and there are no completely accurate predictions about the price of Bitcoin. As an investor, you must be careful and do in-depth research about the price of Bitcoin in 2020. Do you agree with 3 factors that make Bitcoin potentially rise in 2020? Share your opinions if you don't agree?
  3. After an increase in bitcoin price, terrorists are using bitcoin as their safety currency. Bitcoin senders' identifications are very secret and very difficult to recognize from blockchain technology. Last year suicide bombing attacked in Sri Lanka that killed over 253 civilians, that founded ISIS used Bitcoin to fund. In future bitcoin will be used for all underworld payments include deep web and using the dark web. What do you think about my opinion and are you agree with me.
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