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China's on Tuesday announced a tougher ban on banks and payment companies offering crypto-related services.

CRYPTO-CURRENCY/CHINA (PIX):China crypto players shrug off Beijing's latest crackdown

Since last month, there has been a lot of uncertainty over the price of Bitcoin. The price of this cryptocurrency has been fluctuating and it even dropped to an all-time low ($47,000) at some point. However, since the all-time low drop, there has been a gradual rise in the price of this crypto. Recent reports claim that the price of this crypto-money dropped suddenly, a drop of over 14%.   According to Tesla’s CEO, Elon Musk, the company no longer allows the use of Bitcoin for vehicle purchases. According to him, the decision is due to the “rapidly increasing use of fossil fuels for bitc...

Apr 22, 2021 04:41 GMTCrypto News A major power outage in China’s Xinjiang province led to the drop in Bitcoin’s hash rate last week. The massive decline in Bitcoin’s hash rate has benefitted miners but cost users a new high in transaction fees when using the network. Bitcoin’s mining difficulty is expected to be adjusted in early May, leading to adjusted fees.  Bitcoin transaction fees have reached an all-time high amid a massive hash rate decline on the network. Bitcoin hash rate’s effect on transactions The latest surge in Bitcoin transaction fees come in at a time when the Bitc...

The recent blackout in China’s Xinjiang region has caused a drop in hash rate from several Chinese Bitcoin mining operations. Despite several traders