Long-time cryptocurrency critic and Nobel Prize-winning economist Paul Krugman said in a string of tweets on Wednesday that Bitcoin (BTC) could very well survive indefinitely, but only as a fundamentally useless cult. Krugman’s harsh words were prompted in response to Wednesday’s market plunge which saw numerous coins lose close to 50% in value, and resulted in close to $1 … [Read more...] about ‘Cultish’ Bitcoin comments by Nobel Prize winner strike at heart of BTC
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Bitcoin miners are shutting down Chinese operations after Vice Premier’s comments
Chinese Bitcoin miners are scrambling to shift or shut operations after the latest round of ‘crypto FUD’ initiated by the government, a report on news outlet Reuters said today.Ending operationsCrypto exchange Huobi suspended all mining operations this morning (alongside ceasing trading services for Chinese users), BTC.TOP, a crypto mining pool, announced the suspension of its … [Read more...] about Bitcoin miners are shutting down Chinese operations after Vice Premier’s comments