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ANALYSTS: THE PRICE OF BITCOIN MAY RISE UP TO 400 THOUSAND DOLLARS

The strategist of Bloomberg Mike McGlone stated that Bitcoin could reach the $ 400,000 price within a year. He also tweeted that digital currency can be converted into a low-risk asset. McGlone has posted a diagram showing the rise of Bitcoin since 2010. He noted that at the moment, the situation on the market resembles 2013 and 2017, when the cryptocurrency reached its peaks. The analyst is confident that the next year will be a turning point for Bitcoin. McGlone believes that bitcoin will soon become a protective low-risk asset, and in the future, it may be transformed into a global reserve ...

Alibaba stops sales of crypto mining equipment

The Chinese corporation Alibaba has announced that it will ban the sale of cryptocurrency mining equipment on its platform from October 8. The distribution of training materials and software will also be limited. Restrictions will affect all materials and equipment provided for mining bitcoins, ether, lightcoins and other cryptocurrencies. The company's decision is related to the government's policy aimed at banning digital currencies in China. The Chinese authorities believe that cryptocurrencies lead to financial risks in the economy....

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