Bitcoin News
By James Thorp
1 / 10
Inner Mongolia is famous for cheap electricity by virtue of its large coal mines. The region has investment from several power intensive sectors like the aluminum and…
2 / 10
Inner Mongolia have now banned cryptocurrency mining. They have declared to shut all such projects by April 2021.
3 / 10
A draft plan posted on the Inner Mongolia Development and Reform Commission’s website on Feb 25, 2021 bans new digital coin projects.
4 / 10
This draft reportedly comes after strong criticisms from the top economic planner stating that Inner Mongolia is the only province to fail to control energy consumption in 2019.
5 / 10
Worth noting, Goldman Sachs are restarting their cryptocurrency desk amid Bitcoin boom. Someone who is well aware of facts related expressed that they will begin dealing with…
6 / 10
Goldman Sachs are opening shop at a point in time where there is increased interest among Bitcoin institutions that has increased by 470% in the past year.
7 / 10
Worthy to recollect that way back in 2018, when Goldman Sachs started off with their cryptocurrency desk the price of the Bitcoin fell down from record high, thus scaring…
8 / 10
Institutional investors are now considering Bitcoin to work as a hedge versus inflation while central banks and governments are starting off with their stimulus taps.
9 / 10
Despite the growing interest, nothing about the volatile nature of Bitcoin has changed so far.
10 / 10
Worthy to recollect, Tesla Inc, electric car manufacturer bought $1.5 billion worth in bitcoin.
The Currency Analytics
Want the full story?