“There’s a lot of hot money in China that has to go somewhere,” says Du Jin, chief marketing officer at Huobi. Huobi has seen a surge of new registrants in the past one month, he said.It's obviously Chinese demand because of the massive volume on CNY exchanges and the premium being paid in China.
Expectations that new supply of the virtual currency will decrease next month could also be behind the latest price surge. The creation of bitcoin via a complicated computing process called “mining” gets more challenging over time, thanks to a mechanism which cuts the number of bitcoin that can be created in half every four years in order to limit supply.
Las Vegas March 2024: Visitor Traffic Up 0.4% YoY; Convention Traffic Down
37%
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From the Las Vegas Visitor Authority: March 2024 Las Vegas Visitor
Statistics
Benefitting from a mix of headliners and events from NASCAR to Madonna to
se...
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