China shuts down 90% of crypto mining

Matthew Roszak, chairman of the Chamber of Digital Commerce, argues that banning cryptocurrency will be one of China's 'biggest blunders in modern history.'

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

[adamsjeff]

I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVISE ME ON WHAT TO DO?

[KevinHoekman]

Just made crypto more scarce and valuable.

[robert]

I think this will cause a rather large price increase in bitcoin. Why? Because Elon Musk had previously complained about bitcoin mining being not green/not sustainable and China was the leader of this unsustainable mining. Now that they are out of the game, we should see at least a moderate surge in price and possibly a huge surge.
I have nothing to gain either way because I'm in dogecoin.

[sandrabraly]

Investing is a stepping stone for success.waiting for the government to provide for you is total wasting of time.

[hannarose]

Every crypto investor right now just smiling at the price of crypto as it held strong and indeed valuable enough to generating good ROl.more person are gonna become millionaires and we have crypto thanks for that

[erikschiegg]

Get lucky with soon available and payable RTX3000 graphics cards.

[Mike-uswr]

It’s not surprise China denying anything challenging Yuan and out of its own control.

[Zetler]

The pundits are wrong. The Chinese have one of the world's most thriving economies, after outlawing Bitcoin their own crypto will take off. It's already happening with other state-sponsored cryptos.

[sjblk]

Great News. Get BTC mining back to the States!

[frankdonald]

The first half of the year have been tough and mostly influenced and manipulated by whales shifting the Digital market in there favour, with many achievements not met yet you have to be ready for the 2nd half and it begins right now.

[cashkitty]

Don't but anything Chinese. Don't invest in then either the less money they get the less power they have

[ese_cholito]

This is a great opportunity for American and European miners and validators to regain the market. You can't trust Chinese corporations to run these blockchains.

[marilynjones]

INVESTING IN CRYPTO NOW SHOULD BE IN EVERY WISE INDIVIDUALS LIST, IN SOME MONTHS TIME YOU'll BE ECSTATIC WITH THE DECISION YOU MADE TODAY...

[Infamous_B_C]

It’s amazing how every crypto story is filled with bots trying to sell you some agency.

[alexwild]

Don't worry.... America will follow eventually!

[amandawilson]

Investing in crypto is a more lucrative way of making money

[dr.who]

Oh well my question is why does fox turn off it comments on some of its news hmmmm don't want the truth

[glpiv]

Every dip is always consider great by Bitcoin Bulls . When does it stop Dipping .

[FirstLast-cdvv]

Can we all just take a moment and appreciate Maria's exquisite, silken hair?

[jimson]

Because their videocards are obsolete now or mining chips as videocard evolution progress, They just produced tons of chip waste.