Crypto News Digest 2

Crypto News Digest


In order to provide our readers regular crypto news, we partnered up with our friend from Verified Crypto News. They allowed us to share their daily news digest from their Gold Members Channels. Stay ahead of things in Crypto!

The Bearish news:

  • In order to reduce electricity costs, a group of Chinese Bitcoin miners tampered a power grid in Tianjin, which encountered an increase in electricity consumption (up to 28%). As a result, Chinese police confiscated 600 Bitcoin mining rigs over one of the largest case of power theft in recent years.
  • Reminder: China is cracking down Bitcoin miners to transfer electricity to where it’s needed, so a number of miners (like Bitmain) are moving to other locations like Switzerland or U.S.
  • BTC vs BCH: Block explorer at (owned by Roger Ver) listed Bitcoin Cash as ‘Bitcoin (BCH)’ and Bitcoin as ‘Bitcoin Core (BTC)’. As a result, BTC supporters got even more angry, stating that this explorer can confuse new users. Wikipedia Bitcoin page removed explorer for misleading its users. The largest Bitcoin mining pool, Antpool, announced that it will burn 12% of Bitcoin Cash (BCH) transaction fees.
  • The Crypto community reaction is very divided. Some people are happy that the price of BCH will increase, but others are accusing Jihan Wu (runs Antpool) in manipulating the price through increasing scarcity and that it’s not possible to prove that Jihan Wu doesn’t have private keys from ‘the black hole address’, where 12% of BCH fees will be sent to. Worth mentioning, that BCH block transaction fees are incredibly small comparative to new block rewards, so some people state that this ‘burning’ event won’t have any real impact on scarcity, but it’s made purely for marketing.

The Bullish News:

  • Adena Friedman, CEO of Nasdaq (the second largest stock exchange in the world by market cap), told on CNBC that Nasdaq would consider becoming a crypto exchange when the space matures and regulations are smoothed. Her statement sounds very bullish, but it’s worth mentioning that this approach is very realistic and doesn’t imply that something is going to happen anytime soon.

To get more news and signals, please join the channels by Verified Crypto:

Steve McKenzie is Crypto Investor, Enthusiast and Trader since Mt. Gox ages. He was hodling through bull runs, bear markets, and has seen bubbles grow and bubbles pop. Well-connected in the world of Fintech he loves to review Crypto Signal groups on Telegram - the good, the bad, the ugly. He reviews the technical analysis, fundamental analysis, the risk/reward ratio and if the channel is giving you the best bang for your buck and tries to save others from signing up with scammers. Legendary Posts: The Best Crypto Signals on Telegram | The Best Bitmex Signals on Telegram

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Thank you, Darling! Let's stay in touch so we can feed with more Crypto frenzy!