Bitcoin’s hashrate has fallen by 16.94% overnight after authorities from China’s Sichuan province ordered a state-owned power grid to cut the energy of 26 cryptocurrency mining farms in the region.
U.K. bank TSB is reportedly banning its more than 5.4 million customers from buying cryptocurrencies over concerns surrounding “excessively high” rates of fraud on crypto trading platforms.
European Central Bank (ECB) executive board member Fabio Panetta has revealed he believes a digital euro would preserve privacy better than stablecoins issued by large tech companies.
Sponsored: Buy bitcoin and 100+ cryptocurrencies with 20+ fiat currencies. New users can enjoy 0% credit/debit card fees on all crypto purchases made in their first 30 days. Join 10 million users and download the Crypto.com App now.
Top stories in the Crypto Roundup today:
- Bitcoin Hashrate Drops 17% On Sichuan Shutdown Order
- U.K. Bank TSB To Ban Its Customers From Buying Crypto Over Fraud Concerns
- Euro CBDC Would Respect Privacy, Says ECB Board Member
- Sponsored: Crypto.com - The World’s Fastest Growing Crypto App