Inner Mongolia to Shut Down Crypto Mining Industry: Report
The autonomous region has been under pressure to curb its energy consumption.
The data divulged in Coinbase’s long-awaited S-1 filing is eye-opening. But it’s what the document means for the crypto markets of today and the capital markets of tomorrow that is more meaningful.
The largest cryptocurrency was up more than 8% Monday, rebounding after its worst seven-day stretch since the coronavirus sell-off in March 2020.
If purchases by MicroStrategy and Tesla can send bitcoin rocketing, what happens when bigger players start entering the market?
MicroStrategy has bought another 328 bitcoin, bringing its total to 90,859 BTC.
Looking forward, a Citi report suggests bitcoin could "become the currency of choice for international trade."
Blockchain analytics company Coinfirm noted that scams and fraud account for two thirds of the funds misappropriated.