China shuts down 90% of crypto mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Matthew Roszak, chairman of the Chamber of Digital Commerce, argues that banning cryptocurrency will be one of China’s ‘biggest blunders in modern history.’ Subscribe to Fox Business! Watch more Fox Business Video: Watch Fox Business Network Live: FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the…

Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising Inflation – Finance Bitcoin News

The Angolan central bank’s monetary policy committee (MPC) recently hiked the country’s benchmark interest rate from 15.5% to a record of 20%. The largely unexpected hike, which is one of the National Bank of Angola (NBA)’s attempts to curb inflation, marks the first time the benchmark rate has been increased since November 2017. Rising Inflation a Threat to Angola’s Growth According to a Bloomberg report, the MPC was compelled to bring forward the meeting that ultimately sanctioned the rate hike due to an “evolution of the main indicators.” These indicators,…

Crypto Market Crash alert ⚠️ Why Why why ❓

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Bitcoin Mining Report Claims Miner Energy Consumption Mix 56% Sustainable in Q2 – Mining Bitcoin News

During the last three months, there’s been a significant focus on the effects bitcoin mining has on the global environment. While many have claimed bitcoin mining is bad for the environment and many others have stressed that it affects the environment in a positive way, either way, most are relying on unreliable and old data from a few years ago. On July 1, 2021, the recently formed Bitcoin Mining Council published a report that claims 56% of the hashrate uses sustainable energy resources. Will Elon Musk Bend? Report Claims Bitcoin…

Crypto Exchange Co-Founder Buying Bitcoin, Ethereum, Solana Plus ‘No Brainer’ Altcoin Amid Market Recalibration

The co-founder of the crypto derivatives exchange Hxro says he’s accumulating several crypto assets during the market downturn. In a new episode of Delta-Fi, Rob Levy says he’s not concerned about nailing the exact bottom of the crypto correction.   As the markets search for direction, Levy says he’s accumulating Bitcoin, Ethereum, the relatively new smart contract network Solana (SOL), as well as FTX Token (FTT), the native token of the crypto exchange FTX. “I want to own the stuff that’s going to best perform. And I’m going to keep…

Bitcoin Trading and Mining: How to Structure to Save Taxes!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Everything that you need right here for you! The Crypto IRA Page at Directed IRA: Join us for the HOTTEST topic in finances. We are digging into Trading and Mining Bitcoin and how to save taxes when doing it! Make sure to watch Mark Kohler and special guest Mat Sorensen today at 4 MT I go LIVE almost every week…Don’t forget to Subscribe and Hit that bell icon so you get a notification every time I upload a new video or go…

Bitcoin Mining Profitability to Rise 35% While Ousted Chinese Miners Face Delays Relocating – Mining Bitcoin News

Analysts are predicting a rise in Bitcoin mining profitability of about 35% during the short term. This would be the effect of the bitcoin mining crackdown in China. Since the crackdown happened, a significant portion of hashrate stemming from the Bitcoin network disappeared. Ousted miners are struggling to relocate, and some might not even make it due to the complicated logistics of these operations. All of these reasons combined can create a great time for new companies to enter the mining space. Bitcoin Mining Profitability Will Rise In The…

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FinCEN Names Misuse of Cryptocurrencies a National Priority – Regulation Bitcoin News

The Financial Crimes Enforcement Network (FinCEN) has named “cybercrime, including relevant cybersecurity and virtual currency considerations” a national priority. In particular, the Treasury is concerned about the “misuse of virtual assets that exploits and undermines their innovative potential, including through laundering of illicit proceeds.” FinCEN, a bureau of the U.S. Department of the Treasury, published its “Anti-Money Laundering and Countering the Financing of Terrorism National Priorities” last week. One of the priorities listed is “cybercrime, including relevant cybersecurity and virtual currency considerations.” The document details: Treasury is particularly concerned about…