Cryptocurrency LIVE: BTC, ETH and DOGE prices rebound after 'dormant wallet wakes up'

Cryptocurrency LIVE: BTC, ETH and DOGE prices rebound after ‘dormant wallet wakes up’

Cryptocurrency LIVE: BTC, ETH and DOGE prices rebound after 'dormant wallet wakes up'

China’s bitcoin production fell sharply before a Beijing’s recent crackdown on cryptocurrency mining, according to research from the University of Cambridge.

Xi Jinping’s nation has long been the centre of global cryptocurrency mining but recently the government has cracked down on the industry.

However, the research found the decline in Chinese mining power came ahead of a crackdown by China’s state council, or cabinet, on bitcoin mining and trading in late May, citing underlying financial risks.

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This post originally posted here Daily Express :: Finance Feed

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