BTC/USD   $ 26712.9

|

ETH/USD   $ 1796.60

|

LTC/USD   $ 92.39

|

DASH/USD   $ 44.41

|

DOGE/USD   $ 0.07324

|

FIL/USD   $ 4.45

|

ADA/USD   $ 0.3676

|

USDT/USD   $ 1.00

|

SHIB/USD   $ 0.00000866

|

HOLO/USD   $ 0.003566

|

BTT/USD   $ 0.00000060

|

WINK/USD   $ 0.0001995

|

YFI/USD   $ 6739.04

|

PAXG/USD   $ 1995.93

|

MKR/USD   $ 630.44

|

BCH/USD   $ 117.30

|

WBTC/USD   $ 26739.6

|

COMP/USD   $ 35.00

|

AAVE/USD   $ 62.48

|

ZEC/USD   $ 33.10

|

ICP/USD   $ 5.19

|

TRB/USD   $ 11.87

|

ETC/USD   $ 18.36

|

NMR/USD   $ 13.50

|

BAL/USD   $ 5.42

|

LINK/USD   $ 6.62

|

REP/USD   $ 6.88

|

UNI/USD   $ 5.15

|

ATOM/USD   $ 10.78

|

UMA/USD   $ 2.12

|

SNX/USD   $ 2.18

|

SUSHI/USD   $ 0.8944

|

BAND/USD   $ 1.47

|

EOS/USD   $ 0.8928

|

OMG/USD   $ 0.8033

|

RLC/USD   $ 1.56

|

MIR/USD   $ 0.05600

|

BNT/USD   $ 0.4149

|

XTZ/USD   $ 0.8899

|

CGLD/USD   $ 1.74

|

1INCH/USD   $ 0.4109

|

CRV/USD   $ 0.8177

|

KNC/USD   $ 0.6039

|

ENJ/USD   $ 0.3523

|

MATIC/USD   $ 0.8601

|

STORJ/USD   $ 0.3080

|

ZRX/USD   $ 0.2240

|

ALGO/USD   $ 0.1679

|

GRT/USD   $ 0.1221

|

OGN/USD   $ 0.09479

|

CTSI/USD   $ 0.1985

|

MANA/USD   $ 0.5062

|

BAT/USD   $ 0.2212

|

DAI/USD   $ 1.00

|

USDC/USD   $ 0.9998

|

REN/USD   $ 0.07770

|

XLM/USD   $ 0.08778

|

NKN/USD   $ 0.09859

|

OXT/USD   $ 0.06790

|

LRC/USD   $ 0.2967

|

SKL/USD   $ 0.03220

|

CVC/USD   $ 0.08861

|

SAND/USD   $ 0.5290

|

NU/USD   $ 0.1500

|

GNT/USD   $ 0.00000001

|

DNT/USD   $ 0.02720

|

ANKR/USD   $ 0.02588

|

LOOM/USD   $ 0.05156

|

AMP/USD   $ 0.002960

|

MANY/USD   $ 0.3509

|

WTK/USD   $ 0.02170

|

POSI/USD   $ 0.02355

|

WINR/USD   $ 0.00003100

|

DEFT/USD   $ 0.00002080

|

ISA/USD   $ 0.0001070

|

RULER/USD   $ 0.006669

|

SPORE/USD   $ 0.9137

|

DEFLCT/USD   $ 0.7343

|

HVE/USD   $ 0.0004395

|

JCB/USD   $ 0.00004900

|

FWC/USD   $ 0.00000000008000

|

FDC/USD   $ 0.00000021

|

YETI/USD   $ 0.003856

|

SMR/USD   $ 0.06492

|

BTC/USD   $ 26712.9

ETH/USD   $ 1796.60

LTC/USD   $ 92.39

DASH/USD   $ 44.41

DOGE/USD   $ 0.07324

FIL/USD   $ 4.45

ADA/USD   $ 0.3676

USDT/USD   $ 1.00

SHIB/USD   $ 0.00000866

HOLO/USD   $ 0.003566

BTT/USD   $ 0.00000060

WINK/USD   $ 0.0001995

YFI/USD   $ 6739.04

PAXG/USD   $ 1995.93

MKR/USD   $ 630.44

BCH/USD   $ 117.30

WBTC/USD   $ 26739.6

COMP/USD   $ 35.00

AAVE/USD   $ 62.48

ZEC/USD   $ 33.10

ICP/USD   $ 5.19

TRB/USD   $ 11.87

ETC/USD   $ 18.36

NMR/USD   $ 13.50

BAL/USD   $ 5.42

LINK/USD   $ 6.62

REP/USD   $ 6.88

UNI/USD   $ 5.15

ATOM/USD   $ 10.78

UMA/USD   $ 2.12

SNX/USD   $ 2.18

SUSHI/USD   $ 0.8944

BAND/USD   $ 1.47

EOS/USD   $ 0.8928

OMG/USD   $ 0.8033

RLC/USD   $ 1.56

MIR/USD   $ 0.05600

BNT/USD   $ 0.4149

XTZ/USD   $ 0.8899

CGLD/USD   $ 1.74

1INCH/USD   $ 0.4109

CRV/USD   $ 0.8177

KNC/USD   $ 0.6039

ENJ/USD   $ 0.3523

MATIC/USD   $ 0.8601

STORJ/USD   $ 0.3080

ZRX/USD   $ 0.2240

ALGO/USD   $ 0.1679

GRT/USD   $ 0.1221

OGN/USD   $ 0.09479

CTSI/USD   $ 0.1985

MANA/USD   $ 0.5062

BAT/USD   $ 0.2212

DAI/USD   $ 1.00

USDC/USD   $ 0.9998

REN/USD   $ 0.07770

XLM/USD   $ 0.08778

NKN/USD   $ 0.09859

OXT/USD   $ 0.06790

LRC/USD   $ 0.2967

SKL/USD   $ 0.03220

CVC/USD   $ 0.08861

SAND/USD   $ 0.5290

NU/USD   $ 0.1500

GNT/USD   $ 0.00000001

DNT/USD   $ 0.02720

ANKR/USD   $ 0.02588

LOOM/USD   $ 0.05156

AMP/USD   $ 0.002960

MANY/USD   $ 0.3509

WTK/USD   $ 0.02170

POSI/USD   $ 0.02355

WINR/USD   $ 0.00003100

DEFT/USD   $ 0.00002080

ISA/USD   $ 0.0001070

RULER/USD   $ 0.006669

SPORE/USD   $ 0.9137

DEFLCT/USD   $ 0.7343

HVE/USD   $ 0.0004395

JCB/USD   $ 0.00004900

FWC/USD   $ 0.00000000008000

FDC/USD   $ 0.00000021

YETI/USD   $ 0.003856

SMR/USD   $ 0.06492

China proves Bitcoin is an unstoppable machine: Bitcoin Center founder

  • News
  • China proves Bitcoin is an unstoppable machine: Bitcoin Center founder

cointelegraph   06 Jul, 2021   cointelegraph.com   Views: 316

China’s crackdown on Bitcoin (BTC) mining continues to face determined responses across the crypto ecosystem. One of the first BTC exchange operators and co-founder of Zap Protocol, Nick Spanos, said that the crackdown only proves Bitcoin is an unstoppable machine “if the world’s second-biggest economy can’t crush, devalue and manipulate Bitcoin.”

Noting that the crackdown is increasing scarcity due to there being fewer miners relative to the transaction volume, Spanos underscored the increase in miners’ profits while the mining difficulty continues to decrease. He explained:

“Bitcoin’s algorithm adjusts roughly every two weeks to allow one block of transactions to be mined every 10 minutes. So it’s become both easier and more profitable to mine Bitcoin. That’s a recipe for enticing more miners back in.”

Spanos said miners moving out of China will seek to find a place with immediate neighbors such as Kazakhstan, Iran and Russia. “Others in the region would also be well-served to seize this opportunity,” he added. Recently, one of the major mining groups operating in China announced its plans to move out of the country and distribute its mining operations among the United Arab Emirates, Canada, the United States, Kazakhstan and Iceland.

Spanos noted that Bitcoin price has always gone up once regulatory setbacks are “digested by the community.”

Last week, Galaxy Digital CEO Mike Novogratz saw “a big net positive” for Bitcoin in China’s crackdown attempt. He said that the market crash from an all-time high followed by high volatility was a successful test for the crypto ecosystem as a whole.


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