Bitcoin crashes below $ 43 thousand for the first time since September
–
–
Protests, Internet shutdowns and new additional taxes for cryptocurrency miners – these reasons drive miners from Kazakhstan.
In Kazakhstan, the shutdown of the Internet during protests hit not only the bitcoin rate itself, but the second largest mining center for this cryptocurrency in the world, writes CNBC.
Bitcoin plunged below $ 43k for the first time since September in trading on Thursday, January 6, dropping more than 8% at one point.
The publication notes that in the country the Internet was disconnected for 36 hours. As Kazakh miner Didar Bekbau put it: “No internet – no mining.” Therefore, miners intend to leave Kazakhstan, which is the second largest mining hub. Cryptocurrency miners are planning to move to countries with more stable jurisdictions, such as the United States.
Miners intend to leave Kazakhstan also due to the fact that the authorities are announcing new taxes for miners from 2022.
In May 2021, Beijing kicked out all of its bitcoin miners, imposing a ban on cryptocurrency mining in the country, and Kazakhstan sheltered many of them.
Bitcoin lost to its main competitor – ether
Let us remind you that in Kazakhstan 164 people have died since protests beganincluding three children. More than two thousand victims sought medical help.
News from Correspondent.net in Telegram. Subscribe to our channel https://t.me/korrespondentnet
– .
