The bitcoin exchange rate may reach 38 thousand dollars by the end of the week and continue to grow next month. This opinion is expressed by the majority of analysts surveyed by Talk-Finance. Meanwhile, Miners are leaving China under pressure from the authorities and transporting equipment to other regions. The era of China’s dominance in this industry can be considered complete, said Alejandro de la Torre, vice president of Poolin.
World News Bitcoin
Early bitcoin investor Mircea Popescu drowned in the Pacific Ocean on the coast of Costa Rica. The Department of Judicial Investigations (OIJ) was the first to share such information. The incident occurred on the morning of June 23 on the beach of Playa Hermosa in the province of Puntarenas. According to available information, the man entered the water to swim, but he was carried away by the current.
The OIJ identified the 41-year-old victim as Mircea Popescu. The agency indicated his Polish origin, although Popescu was a Romanian. Popescu’s death was confirmed by Adamant Capital crypto fund partner Tur Demeester and web developer Diana Koman. Popescu’s entire Bitcoin fortune may disappear without a trace.
Bitcoin to leave China for the USA, Kazakhstan and Canada
The main areas of migration are the USA, Canada and Kazakhstan. Although the latter is already “packed to the brim,” de la Torre noted.
According to him, in the United States, the most attractive electricity tariffs are offered in Texas, Nebraska, North Carolina, Ohio and Wyoming. Poolin itself is considering facilities for placement in North Carolina.
Against the background of these global changes, the bitcoin hashrate has significantly decreased. On June 28, its daily indicator fell below 60 EH/s. The last time such values were recorded was in July 2019.
According to Kevin Zhang, vice president of the mining company Foundry, by June 30, the share of disconnected capacities in China will approach 90%. In Sichuan Province, some power plants have required miners to dismantle mining devices and all infrastructure equipment (racks, transformers, etc.) in just one to two weeks.
Bitcoin News in Britain
Meanwhile, the High Court of London ruled in favour of the self-proclaimed creator of bitcoin, Craig Wright, in the case against the owner of the site Bitcoin.org under the pseudonym Cobra. This was reported in the law firm Ontier. According to the notice, on June 28, the judge banned the defendant from violating Wright’s copyright in the UK “as by providing the opportunity to download white paper from the website Bitcoin.org, and in any other way”.
Bitcoin News in Iran
The Ministry of Industry of Iran has allowed the work of 30 companies for the extraction of cryptocurrencies. Six licenses were issued in Semnan province, four each in Alborz, Mazenderan, East Azerbaijan and Zanjan. In the capital city of Tehran, only one company received a permit.
Earlier, Bloomberg reported that Iran has connected the Ministry of Intelligence and National Security to the fight against illegal mining of cryptocurrencies. The reason was a shortage of electricity caused by an increase in its consumption in other sectors and dry weather. The latter has limited the operation of hydroelectric power plants. Recall that at the end of May, the Iranian authorities completely banned the mining of cryptocurrencies until the end of the summer of 2021.