Bitcoin News Roundup for Feb. 6, 2020
With bitcoin headed back up towards $10,000, Markets Daily is back with a quick, time saving bitcoin-focused news roundup.
Last month’s bitcoin price crash has prompted manufacturers to sell their mining devices at discounts as steep as 20 percent ahead of the May halving.
While bitcoin looks set to prolong its recent bullish moves, those responsible for making new bitcoin have increased their selling.
Crypto lending platform BlockFi has begun extending credit to miners as competition for their business has eased during the coronavirus crisis.
The Hong Kong-based firm is seeing soaring interest in its customizable options contracts amid high price volatility.
To the operators of high-speed computers used to mine for bitcoin, the halving looks more like a doubling — of costs.