Bitcoin Swings From Bubble Crisis To China Crisis – Forbes

Technicians make repairs to bitcoin mining machines at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia, China, on Friday, Aug. 11, 2017. Bitmain is one of the leading producers of bitcoin-mining equipment and also runs Antpool, a processing pool that combines individual miners from China and other countries, in addition to […]

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Bitcoin bulls may have to wait 22 years for the cryptocurrency to return to all-time highs – Business Insider

Bitcoin has rallied more than 40% year to date, taking the controversial cryptocurrency above $5,000, though the reasons for the price spike are not immediately clear. Despite the recent rally, the broader collapse of the cryptocurrency has largely followed the path of previous bubbles, according to data compiled by UBS analyst Kevin Dennean. As shown […]

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The Ledger: China’s Bitcoin Ban, Crypto Endowments, Arbitrage Bots – Fortune

China appears poised once again to clamp down on the cryptocurrency industry. But people should welcome, not fear, the proposal. The National Development Reform Commission, China’s top economic planner, last week recommended eliminating the digital “mining” business altogether, echoing similar guidance the commission published in 2011. The country has dominated this lucrative specialty for the […]

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