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The Metric That Says China Bitcoin Mining Migration Is Complete

Bitcoinist 29 Jul 2021
Bitcoin mining took a big hit when the Chinese authorities commenced a crackdown on crypto mining ... Which had been the world’s headquarters of mining at the time. Over 70% of the entire mining in the world is carried out in China before the crackdown had commenced. Following this had seen a decline in the difficulty of mining bitcoin ... Crypto Market Breathes Sigh Of Relief, Bitcoin Rises From “Extreme Fear” ... Bitcoin Price Going Forward.

Bitcoin, Ethereum hash rate starts recovering as Chinese miners redeploy overseas

The Block 29 Jul 2021
The hashing power securing the world's two largest blockchains is on track of a slow recovery, as some Chinese miners have gradually completed their relocation after the crackdown. Based on The Block's Dashboard, the seven-day moving average of Bitcoin's hash rate has slowly climbed up to and remained at the 100 exahashes per second (EH/s) level over the past three weeks.

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# Name Price Volume (24h) % Change (24h)
1 Bitcoin (BTC) $ 9379.51121871 29291234397.1 -2.12 %
2 Litecoin (LTC) $ 68.6382381813 5720089694.18 -1.62 %
3 Ethereum (ETH) $ 181.975638826 11767008363.1 -0.48 %
4 Veritaseum (VERI) $ 18.45 0 0.00 %
5 EOS (EOS) $ 4.206085936 3774755482.59 -0.25 %
6 Centra (CTR) $ 0.01471 0 0.00 %
7 DigiByte (DGB) $ 0.0062005626 942236.540577 0.00 %
8 AdEx (ADX) $ 0.05420 88877.21 -1.21 %
9 Humaniq (HMQ) $ 0.004962 14208.2208233 0.00 %
10 Private Instant Verified Transaction (PIVX) $ 0.2293 734764.276735 -3.14 %
11 XRP (XRP) $ 0.2412959304 1903216173.21 0.88 %
12 Bitshares (BTS) $ 0.0211442821 3198719.09431 -1.80 %
13 BitSwift (SWIFT) $ 0.4051 0 0.00 %
14 OmiseGo (OMG) $ 0.9035012009 73564679.2141 2.52 %
15 Sphere Coin (SPHR) $ 0.06553 0 0.00 %
16 Ethereum Classic (ETC) $ 11.5038562535 2965506879.02 -0.61 %
17 NEM (XEM) $ 0.0454819175 29553422.0555 0.00 %
18 Rivetz (RVT) $ 0.007995 9993 -20.90 %
19 MaidSafe Coin (MAID) $ 0.1110 1367484.96476 -0.32 %
20 FunFair (FUN) $ 0.003110 659876.996354 -2.81 %
21 Paragon (PRG) $ 0.01592 362.34112 -12.81 %
22 Stratis (STRAT) $ 0.3037 985978.792886 -0.12 %
23 NavCoin (NAV) $ 0.1015 659640.563461 -1.83 %
24 Rise (RISE) $ 0.002627 44551.98061 3.45 %
25 Verge (XVG) $ 0.0037872163 759364.83599 5.08 %
26 Reddcoin (RDD) $ 0.0007190 40259681.7228 25.00 %
27 TenX (PAY) $ 0.05483 456707.500823 -0.13 %
28 Waves (WAVES) $ 0.8912100364 82970286.3014 1.84 %
29 Lisk (LSK) $ 1.0365054837 6082448.73385 6.17 %
30 KickCoin (KICK) $ 0.0000969519 57571.4577545 5.26 %
31 Monero (XMR) $ 72.1346716882 107010674.883 0.86 %
32 Komodo (KMD) $ 0.6368109417 2702396.03471 3.95 %
33 BitcoinDark (BTCD) $ 22.00 0 0.00 %
34 Dash (DASH) $ 129.41 44110.8016989 2.43 %
35 Gnosis (GNO) $ 15.82 542.73541475 -0.64 %
36 Populous (PPT) $ 0.5442 589469.581183 5.01 %
37 NEO (NEO) $ 11.5080200258 470747259.833 7.02 %
38 BitConnect Coin (BCCOIN) $ 1.00 0 0.00 %
39 Tether (USDT) $ 1.0003916102 40283398497.6 0.00 %

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Latest News for: World Bitcoin

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The Metric That Says China Bitcoin Mining Migration Is Complete

Bitcoinist 29 Jul 2021
Bitcoin mining took a big hit when the Chinese authorities commenced a crackdown on crypto mining ... Which had been the world’s headquarters of mining at the time. Over 70% of the entire mining in the world is carried out in China before the crackdown had commenced. Following this had seen a decline in the difficulty of mining bitcoin.
Edit

Bitcoin, Ethereum hash rate starts recovering as Chinese miners redeploy overseas

The Block 29 Jul 2021
The hashing power securing the world's two largest blockchains is on track of a slow recovery, as some Chinese miners have gradually completed their relocation after the crackdown ... Following China's crackdown on the bitcoin mining industry, power stations across multiple provinces have been ordered to suspend energy supply to mining facilities.
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Crypto Market Dominance of Bitcoin Reaches 48%

Finance Magnates 29 Jul 2021
Bitcoin’s crypto market dominance is on the rise amid a jump in its price ... According to the latest data posted by Coinmarketcap, Bitcoin is now up by nearly 30% in the last seven days. The world’s largest cryptocurrency is currently trading near $40,000 with a market cap of over $750 billion.
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Genesis Digital Assets Raises $125M to Expand Industrial-Scale Bitcoin Mining

CryptoPotato 29 Jul 2021
One of the largest industrial-scale Bitcoin mining operators in the world, Genesis Digital Assets, made the announcement on July 28 ... The firm, founded in 2013, has built more than 20 industrial-scale mining farms, brought over 300,000 miners online, and mined over $1 billion in Bitcoin, the announcement added ... Bitcoin Price and Hash Rate Recovery.
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Crypto MarketWatch

Zebpay 29 Jul 2021
Bitcoin, after months of facing stiff resistance in the range of $32,500-$36,000 at different points in time, broke free and witnessed a significant rally as it skyrocketed and breached the $39,400 on Monday morning this week ... The reason for Bitcoin’s behavior can be mounted to a few things ... Yet the future for bitcoin lovers looks promising.
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Benefits of Cryptocurrency

Changelly 29 Jul 2021
The most famous and fast-growing, but still controversial, is Bitcoin (BTC). A regular user knows little about the first virtual currency in the world, except that they have an expensive cost, they do not have a physical form and have a connection with video cards ... What companies accept Bitcoin (BTC) payments?.
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Mike Novogratz Says Institutions Are Buying Bitcoin, Politicians Need More Crypto Education

Bitcoin 29 Jul 2021
Galaxy Digital CEO Michael Novogratz says that cryptocurrencies, such as bitcoin, have bounced back because institutional investors are buying ... Galaxy Digital CEO Mike Novogratz talked about the outlook for bitcoin in an interview with CNBC Wednesday ... The pro-bitcoin executive replied..
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Miami city to issue its own cryptocurrency ‘MiamiCoin’

OBN 29 Jul 2021
Miami, as known as the Bitcoin capital of the world, is ready to launch its own cryptocurrency that could generate millions of dollars for the city ... because obviously Miami has now become, and we’ve talked about this many times on your program, the Bitcoin capital of the world.
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Ether trading volume 15 times higher than previous year, outperforms Bitcoin

OBN 29 Jul 2021
Compared to Ethereum, Bitcoin’s trading volume rose 489% taking its volume from $356 billion to $2.1 trillion. The reports were revealed in the Coinbase half-year review which combined the data collected from 20 crypto exchanges across the world ... Comparatively, Bitcoin rose 20%, the S & P 500 rose 14%, and gold fell 6.7%.
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Hands-On With TradingView ‘All-Time Highs’ Bitcoin & Stock Tarot Cards

NewsBTC 29 Jul 2021
Bitcoin and the stock market over the last year has transcended pop culture, and been fully embraced by the world of memes and the mainstream ... Bitcoin Ready For Display Of Strength, But Which Direction Will It Break ... Bitcoin And Finance Centric Tarot Cards Tap Into The Arcane Arts.
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Elon Musk Hints Tesla Owns About 42K Bitcoins

Bitcoin 29 Jul 2021
Tesla CEO Elon Musk has hinted how many bitcoins Tesla owns after revealing that the fair market value of its bitcoin holdings was $1.47 billion as of June 30. Tesla Holding About 42K Bitcoins ... Lee also used the price of bitcoin at close on June 30, which was about $35,040 ... “We don’t have that many bitcoin, but it’s close.”.
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The Growing Financialization Of Bitcoin

Bitcoin Magazine 29 Jul 2021
With bitcoin further integrating itself into Wall Street, large-scale speculative attacks will become far more prevalent. The below is a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.
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Bitcoin is a Victim of a Regulatory Crackdown on Chinese Miners; What’s Next?

CryptoNewsZ 29 Jul 2021
Bitcoin (BTC/USD) made a low of around $29927.00, below $30000 on June 22, for the 1st time since January of 2021 amid a growing globally synchronized regulatory crackdown on Cryptos especially in China, where authorities in certain provinces ordered Bitcoin mining projects to close ... Bitcoin News.
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Survey: 85% Of Bitcoiners Care About An Exchange Funding Bitcoin Development

Bitcoin Magazine 29 Jul 2021
According to a survey conducted by OkCoin, a large majority of Bitcoiners care about helping fund Bitcoin development. The development of Bitcoin, to those unaware, can seem like a mysterious machine acting behind hidden curtains ... Many do not know how Bitcoin’s development is ...
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“Plebs” Staked Bitcoin Throughout Downtrend. A Phenomenal Sign. Here’s Why.

Bitcoinist 29 Jul 2021
The morale of the Bitcoin team seemed low over the last few months. That and a flat market didn’t stop the “plebs” from constantly “stacking sats.” The following chart shows that the Bitcoin addresses that hold between 0.1 and 1.0 BTC kept acquiring Bitcoin through this whole period ... The self-proclaimed “Plebs” are Bitcoin’s white blood cells.
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