Day: May 26, 2021

Excitement over ETH 2.0; Major Developments could Drive Ecosystem Forward – Blockchain News, Opinion, TV and Jobs

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Jason Guthrie, Head of Digital Assets, WisdomTree The outlook for cryptocurrencies has become a hot topic for market participants, spectators and press alike. While the cryptocurrency market recently experienced a pullback amid a series of negative news flow, it is not all doom and gloom. Much has been said about bitcoin (BTC), but ether (ETH) is increasingly presenting an interesting opportunity for investors. On 12 May 2021, ether hit a new all-time high and with that event came questions from investors asking whether the momentum was sustainable and if they…

Will China’s Clamp Down on Mining Create Long Term Impact on the Price of Bitcoin? – Blockchain News, Opinion, TV and Jobs

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Chinese Vice Premier Liu He told a group of finance officials last Friday that the government would clamp down on bitcoin mining and trading. The reason behind this decision is said to be China’s goal to achieve financial stability. While China has taken steps to restrict the use of cryptocurrencies for many years now, this focus on mining is quite new. An official from mining company BIT.TOP suggested that the Chinese government is trying to prevent a massive flow of capital into crypto mining. But this does not mean that individuals…