Why China’s crackdown on mining is actually good for Bitcoin

Hello everyone! The global crypto market cap is $2.05 trillion with a 24-hour volume of $101.31 billi

CryptoSlate Newsletter @cryptoslate

Hello everyone! The global crypto market cap is $2.05 trillion with a 24-hour volume of $101.31 billion. The price of Bitcoin is $43,058.93 and the BTC dominance is at 39.8%.

Why China's crackdown on mining is actually good for Bitcoin China's crackdown on Proof-of-Work mining last year tested the security of the Bitcoin network and showed that it was far more resilient than once thought. cryptoslate.com

The Rise of NFTs | Footprint Analytics Annual Report 2021 While the concept of NFTs has been around since 2014, they were mostly under the radar until last year, when they suddenly commanded headlines around the world. cryptoslate.com

Tether freezes three Ethereum addresses holding $150 million in USDT World's largest stablecoin issuer Tether has added three more Ethereum addresses to its blacklist that held nearly $150 million worth of USDT. Being a centralized company, Tether has the authority to freeze accounts comprising dubious funds related to crime and money laundering. cryptoslate.com

Elon Musk's Tesla now support Dogecoin payment Tesla is accepting crypto payments again. The leading electric car maker earlier today revealed that it is now supporting payment for some of its products using the popular meme coin, Dogecoin, via its platform. cryptoslate.com

Jack Dorsey's Block to build an open Bitcoin mining system Jack Dorsey's Block, formerly known as Square, is actively pursuing plans to build an open Bitcoin mining system. cryptoslate.com

Nervos ecosystem is expanding: Force Bridge to BSC is live, cross-chain bridge to Cardano is coming  Nervos is making moves to rapidly expand its DeFi ecosystem, as the network recently announced the launch of Force Bridge to Binance Smart Chain (BSC). cryptoslate.com

Here is the first restaurant open to NFT holders alone Owning an NFT just got cooler as a restaurant in New York has revealed that prospective diners at its place can only purchase their membership via blockchain as a digital token. cryptoslate.com

What to expect from the blockchain world in 2022? | Footprint Analytics Annual Report 2021 2021 was an exciting year for the blockchain. cryptoslate.com

North Korean hackers are sitting on $170 million worth of unlaundered crypto  Cybercriminals for the Democratic People's Republic of Korea (DPRK) affirmed themselves as an advanced persistent threat to the cryptocurrency industry in 2021, Chainalysis reported. cryptoslate.com

Fidelity expects more sovereign nations to acquire Bitcoin in 2022 In a recent report, Fidelity said that there was a high chance for more sovereign nation-states to acquire Bitcoin this year. cryptoslate.com

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