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Bitcoin Crashes after Accident in Xinjiang, China Halts Mining Operation


Key Takeaways
A gas explosion and flooding at a Chinese coal mine has halted Bitcoin mining operation in Xinjiang, China.
The networks total hashrate dropped by 64 Eh/s as central authorities conducts safety inspections.
Bitcoin s price also felt the pressure from the decline in mining power, dropping 4.3% from today s opening price.
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Bitcoin’s hashrate dropped 25% from all-time highs after an accident in the Xinjiang region’s mining industry caused flooding and a gas explosion, leading to 12 deaths with 21 workers trapped since. 
Dangerous Mining in China
Reportedly, an industrial accident in the Fengyuan Coal mine on Apr. 10 led to under-ground flooding of the facility trapping 29 workers 1,200 meters underground. Eight of these workers were rescued on Monday.  ....

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Akon, Sergey Nazarov & Miami Mayor Lead Blockdown Bull Market Line-Up


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BlockDown Conference is set to celebrate its first anniversary with its most ambitious event to date on April 15-16. BlockDown 4.0 will be a gathering of the greatest minds in the crypto space, celebrating the bull market of 2021 with keynotes, panels and much more.
Attendees will experience new interactive and innovative ways to obtain exclusive NFTs, access private backstage Q&As and discussions, and virtually join the top names in the industry as they discuss their latest thoughts and predictions on the crypto ecosystem:
Akon – Founder of Akoin
Sergey Nazarov – Co-Founder of Chainlink
Further speakers will be announced over the coming weeks. ....

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