Bitcoin Down Soon 24,000$??// China Ban Bitcoin Mining – Tamil Crypto Tech

Bitcoin Down Soon 24,000$?? // China Ban Bitcoin Mining – Tamil Crypto Tech

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Chinese mines power nearly 80 percent of the global trade in cryptocurrencies despite a domestic trading ban since 2017. Authorities in the province of Sichuan ordered the closure of 26 mines last week, according to a notice widely circulated on Chinese social media and confirmed by a former bitcoin miner.But last week, Sichuan became the latest province to ban Bitcoin mines.

In a memo on Friday, China’s National Development and Reform Commission (NDRC) instructed local power companies to “filter out, clean up, and shut down 26 companies that have been inspected and reported as potential crypto mining projects” by June 20.China shifts the national energy grid to renewables, and drought has drained the country’s water supply. So when it comes to prioritizing which industries get access to scarce hydropower, Bitcoin mining is low—if not last—on Beijing’s list.

News 2:-
Suarez is a fan of the cryptocurrency ecosystem, the decentralized crypto asset bitcoin (BTC), and he has explained that he owns BTC as well. The Miami mayor has also said on a number of occasions that he wants the city of Miami to become a crypto hub for entrepreneurs and builders.

On Thursday, Suarez told CNBC he’s inviting Chinese miners to seek shelter in the region after the crackdown stemming from Beijing. Suarez explained that the region has an abundance of clean and cheap electricity thanks to nuclear energy.Suarez made these statements to CNBC from the second floor of the Miami City Hall building which is located near the Turkey Point Nuclear Plant. In fact, Florida houses a great abundance of nuclear power plants all over the state.

“The fact that we have nuclear power means that it’s very inexpensive power,” Suarez stressed during his chat with the press in Miami. According to CNBC’s report

News 3:-
Monday it owns more than 100,000 bitcoins after completing another purchase round, this time spending roughly $489 million on 13,005 tokens.

News4:-
Grayscale Investments announced Friday 13 additional crypto assets it is considering for investment products. These cryptocurrencies add to the initial list of coins the company announced it was considering in February.

The 13 additional crypto assets are 1inch (1INCH), bancor (BNT), curve (CRV), internet computer
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Bitcoin Down Soon 24,000$??// China Ban Bitcoin Mining – Tamil Crypto Tech

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