After a week long drop Bitcoin has started a positive move. The currency has been dropping due to ban and regulation threats.
Presently, about 75 percent of the total world’s bitcoin mining capacity is in China, and with the current China’s top power price, miners can break-even even if Bitcoin’s price falls below 50 percent to $6,925.
Researcher in People’s Bank of China points out it is ‘Vital’ for China to have a cryptocurrency issued by the Central Bank.
As the governor of the South Korean central bank (BOK), Lee Joo-Yeol announces that Bitcoin will be implemented as a commodity, comparatively rather than a currency. However, the governor claims that the regulation will not launch anytime…