Chinese Bitcoin Miners Moving to the United States & Congressman Talks SEC Ripple XRP
A Chinese logistics firm is airlifting 3 metric tons (3.3 tons) of bitcoin mining machines to Maryland as the Chinese government cracks down on the industry. SOS Ltd. enters Into a joint venture agreement with Niagara Development and will move its Bitcoin mining operations from China to Wyoming USA. Bitcoin miner Bitfarms was listed on the Nasdaq stock exchange today. Facebook’s David Marcus tweets “How is more Bitcoin mining power moving to the Flag of United States and the West a bad thing? IMO China cracking down on mining is a great development for BTC.” Rep. Warren Davidson says financial regulators need to figure out what is a security and what is not. He says action is needed especially on Ripple XRP.
China is kicking out more than half the world’s bitcoin miners – and a whole lot of them could be headed to Texas
US Crypto Regulations Progress – Andreessen Horowitz $2.2B Crypto Fund – Citigroup Digital Asset DivisionThe U.S. House of Representatives passed two crypto bills on Tuesday evening – The Blockchain Innovation Act and parts of the Digital Taxonomy Act were included in the broader Consumer Safety Technology Act. NYC Mayoral front runner Eric Adams says city will become ‘Center of Bitcoins’….Published 06/25/21Bitcoin Crash & Bounce – Huge Bitcoin Mining News – Ripple SEC Jay Clayton DepositionPayPal and Visa are chasing bets across the crypto industry as partners in Blockchain Capital’s fifth venture fund, a $300 million war chest. The fight for clean energy–powered bitcoin and cryptocurrency mining moved forward Tuesday as Stronghold Digital Mining, a digital asset miner powered by…Published 06/23/21Bitcoin Stock To Flow On Track? $135K by EOY? Billionaire Tells Bank of Russia To Adopt BitcoinBitcoin hit the death cross and the price may go down further, is Plan B’s Stock To Flow model still on track? PlanB said Bitcoin (BTC) could trade at an eye-watering $450,000 by the end of 2021, while $135,000 would be the “worst case scenario.” Russian billionaire Oleg Deripaska urges bank of…Published 06/21/21
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