Crypto Rally Coming? Venezuela Bans Mining Equipment

The recent pattern in the market has resulted in an inverse head and shoulders formation, a very bullish piece of technical analysis. Can the bulls take charge and make it happen? Comment below.

Alan Lane, the CEO of Silvergate Bank, is an angel for crypto businesses. His community bank refuses to shut down crypto business accounts. He has been a safe haven for entrepreneurs in the industry.

Brad Garlinghouse, Ripple CEO, says that they are signing up roughly one bank per week to ripple related products. He feels the landscape of crypto is about to change to a more evolved market in the coming years.

Venezuela, the country that suffered inflation north of 14,000% in the past year, has banned the import of crypto mining equipment. In an effort to stifle the citizens from mining cryptocurrencies on the socialized free power grid, authorities are blocking graphics cards and ASIC chips at the point of entry.

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