Chinese Bitcoin mining shakeout may have surprise BTC price consequences — analyst

Chinese Bitcoin mining shakeout may have surprise BTC price consequences — analyst

imageCryptocurrency1 hour ago (Jun 18, 2021 10:40AM ET)

Chinese Bitcoin mining shakeout may have surprise BTC price consequences — analyst

China’s crackdown on Bitcoin (BTC) mining may have unintended benefits for BTC price action, one analyst suggests.

In a tweet on June 18, Charles Edwards, CEO of investment firm Capriole, argued that the Chinese miner exodus was already lowering Bitcoin’s potential price floor.

Bitcoin production cost vs. BTC/USD chart. Source: Charles Edwards/ Twitter

Continue Reading on Coin Telegraph

Chinese Bitcoin mining shakeout may have surprise BTC price consequences — analyst

Bakkt Launches Peer-to-Peer Transfers to None Users

Bakkt Launches Peer-to-Peer Transfers to None Users
By CoinQuora – Jun 18, 2021

Bakkt users can now transfer digital assets to none app users.
App users will be able to make the transfers using email.
Also, Bakkt has recently signed several key partnership…

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