Crypto News

China Bans Bitcoin for Real – A Crypto Market Update

Andy Pickering is here with a weekly crypto market update where we look through the volatile world of crypto Twitter to tease out the most important narratives and data points of the last week. And what a week it was – China has stepped up its crackdown on all parts of the crypto ecosystem. As a result, miners are moving out of China, and the Bitcoin hashrate is dropping. The markets are down in response, but ultimately, is this good for the bitcoin network?

Source link