Bitcoin Mining at The Break-even Cost
Crypto Market
The BTC/USD pair: If prices fail to sustain above the overhead resistance zone of $9500 to $10,000, the cryptocurrency can fall to the February 06 lows of $6,075.04.
Headlines
• Bad news for bitcoin miners: bitcoin currently trades essentially at the break-even cost of mining a bitcoin and is not profitable.
• Ukrainian government is about to legalize cryptocurrency mining as an economic activity to increase the revenue and reduce the outflow of IT professionals.
• Monero is the favorite cryptocurrency of cyber criminals because of greater anonymity, study finds.
• Thai regulators have agreed to enact two separate laws on cryptocurrencies and ICO, and the issued ICOs need to comply with the law within 6 months.
• U.S. based Bittrex Cryptocurrency Exchange will delist over 80 tokens for lack of liquidity.
• Crypto-consumer complaints rose by 669% after the prices of digital currencies dropped in value.
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