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Tag Archives: Bitcoin

How Would The ‘Chinese New Year’ Affect The Price of Bitcoin?

Feb 1, 2021

The characteristic swings usually displayed by Bitcoin price is what has earned it the reputation of a very volatile asset. While a lot of people assume that high volatility of Bitcoin price makes it risky for investment, others see the price swings as opportunities to make money. Several fa...

Chinese Bitcoin Miners Fear Another Price Dump

Jan 14, 2021

Vincent He

From the second half of the year 2020, things start going like three years ago. After breaking through $10000, the price of bitcoin once skyrocketing to $40000. Long Qin, a bitcoin miner in China, has been persisting in hoarding bitcoins, and the three bitcoins he mined in five years ago hav...

Bitcoin Mining Difficulty Hits Record High Amid Price Rally

Jan 12, 2021

lylian Teng

Along with bitcoin breaking new all-time highs, its mining difficulty also hits a record high. Saturday’s adjustment at block 665,280 marks the biggest increase in nearly 4 months, a 10.79% increase from the December 28 adjustment, putting the metric above 20 trillion for the first time ever....

China Economic Daily Pours Cold Water on Bitcoin as Rally Extends

Jan 8, 2021

lylian Teng

First it went through $20,000, 10 days later, it broke through $25,000, and then it broke $30,000, and now in just the first week of 2021, another major milestone has been reached as bitcoin price surpasses $40,000. With bitcoin’s meteoric rise in price and showing no signs of abating, it is c...

Digital Yuan Arrives Shanghai in Card Form 

Jan 7, 2021

Olusegun Ogundeji

The trial of China's digital currency electronic payment (DCEP) project continues in yet another major city, Shanghai, and is being experimented in a physical card form instead of smartphones for digital payments. Medical staff at the Tongren Hospital Shanghai Jiaotong University Sc...