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JPMorgan flags new warning sign for Bitcoin miners

From thestreet.com

Quantitative analysts at JPMorgan Chase (NYSE: JPM) have issued a sharp warning on Bitcoin (BTC) mining, Investing.com reported on June 18. Bitcoin is the world's first decentralized cryptocurrency, which means no centralized body creates or controls it and it runs on a peer-to-peer (P2P) network. The cryptocurrency is created by a process called Bitcoin mining, which involves using specialized computers to solve complex cryptographic functions to secure the blockchain and mine new coins. Miners, in exchange for their work, receive rewards in the form of newly created BTC. A key measure of Bitcoin mining difficulty ... (full story)

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  • Category: Fundamental Analysis