Category: Cryptocurrency News

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Inflation has continued to make the price of goods and services in America rise as the U.S. dollar’s purchasing power is not what it used to be. Meanwhile, the Obama administration’s former economic advisor, Larry Summers, recently told the press that “We’re going to see inflation of a kind we haven’t seen in 30 years.” […]

ETH smart contract is a computer protocol that uses information to spread, verify, or execute a contract. Smart contracts allow trusted transactions to be performed without a third party, these transactions Traceable and irreversible. At present, Ethereum is the most popular smart contract platform. Their code is transparent and open. The code of each smart…
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Disclaimer: I am not very knowledgeable about these things. Today, I bought a name on ENS. I am using the MetaMask wallet. Unfortunately, I have accidentally started the transaction "Register with config" which starts when you set your primary ENS name, two times. It has already worked out one time, which has already cost me…
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I just need some help understanding. I don't have an ENS domain yet but if I make one now can i get the airdrop? It says "the distribution is based on the total time of an addrese's past registration and future registration as of Oct. 31 2021". Just a little confused. I don't wana waste…
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China has issued a warning to its state-owned enterprises to stop cryptocurrency mining. It also warned that it would increase electricity rates for companies that continue to defy the ban. This latest warning comes amid the ongoing crypto ban in the East Asian country. Some months ago, the government of China declared all crypto trading activity illegal. Subsequently, crypto miners and exchanges like Huobi and Binance began to relocate to countries with crypto-friendly regulations. Related Reading | Is This The Reason China Banned Bitcoin Mining? Carvalho’s Mind Blowing Theory However, despite the crackdown on crypto, Chinese residents continue to trade Bitcoin. And Beijing authorities are not relenting in their efforts to find ways to prevent crypto use. The Chinese government has also blamed miners for the country’s high energy consumption. In May, during the heat of the crackdown, many large crypto mining farms relocated or stopped operating. Still, some small mining rigs continued to operate. Last month, Beijing authorities started tracking the IP address of citizens to check for crypto mining activities. Additionally, authorities in Zhejiang province also reportedly began investigating government employees who were illegally mining Bitcoin. Related Reading | Amid China’s Crypto Crackdown, These Three Places Offer Refuge to Displaced Miners Despite all these measures, there has not been a significant reduction in energy consumption. This has led officials to intensify their efforts and face state-owned entities. Authorities Crackdown On Industrial-Scale Bitcoin Mining According to reports, the National Development and Reform Commission (NDRC) plans to clamp down on industrial-scale bitcoin mining. And by extension, all state companies that participate in such activity. A spokeswoman for the country’s chief economic planner, Meng Wei, said this at a press conference on Tuesday. She also emphasized the unsustainable nature of crypto mining, stating that it consumes lots of energy and produces lots of carbon emissions. BTC trading at $60.6K | Source: BTCUSD on TradingView.com Last week, the NDRC held a special meeting to discuss the crypto ban defiance. And also urged provinces and municipalities to investigate and deal with State-owned enterprises involved in mining. China Dismisses Government Official For Mining Beijing continues to reinforce its stance on crypto by going after even government officials. A few days ago, China removed a former Jiangxi government official from his position. Xiao Yi, a former vice-chairman of the Jiangxi Provincial Committee of the Chinese People’s Political Consultative Conference, was accused of abusing his power to promote and support enterprises against government policies. He engaged in crypto mining and also took bribes, according to the Central Commission for Discipline Inspection. Xiao is the most senior Chinese official to be punished for his involvement in cryptocurrency mining. Featured image by Euronews, Chart from TradingView.com

As a person who sometimes plays the bear game. This is a trap I know it looks tempting BTC at a major support; 50 daily MA. With previous support the 21 Daily EMA now as possible resistance. But don't! This is the exact same setup we had in July. The Daily RSI going below 50…
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