The Bitcoin, initial coin offering (ICO) and cryptocurrency mining ban in China will send the asset’s price higher, according to the senior market analyst at eToro Mati Greenspan. It is purported that the Chinese miners make up more than 70% of the worldwide Bitcoin output.
China’s National Development and Reform Commission (NDRC) recently issued a revised list of major industries it aims to encourage, limit or eliminate, and crypto mining appeared on that list. The list was officially released for public consultation that concludes on Tuesday May 7, 2019.
Read the details in the article of Coinidol dot com, the world blockchain news outlet:
https://coinidol.com/btc-price-higher/
