Bad Crypto News of the Week

Only a few more days to go now before the halving! Less than a week and all those miners will be taking a giant pay cut. And it comes after a great week for Bitcoin. The price has risen by more than 6 percent over the last seven days and is now getting close to five figures again.

Will the price fall when the returns decline? It’s not clear. Previous halvings have triggered declines that took months to recover from as investors “sold the news.” Some traders, though, believe that if the recovery is fast, Bitcoin could enter a whole new price cycle.

In Europe, interest in the halving is heating up. According to Google Trends, the most searches for “blockchain halving” were in Austria, Estonia, Slovenia, Holland, and most of all, Switzerland. Google is blocked in China, where much of the mining industry is located.

And as if miners didn’t have enough to worry about, it appears that there are problems with Bitmain’s new Antminer products. Miners are complaining of failure…