84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan

84 PBOC Digital Currency Patents Show the Extent of China's Digital YuanThe People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central bank digital currency to achieve scale from the get-go has put […]

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China Is Scrubbing Cash Notes to Stop Virus Spreading so Its Government Paper Money Wont Kill You

China Is Scrubbing Cash Notes to Stop Virus Spreading so Its Government Paper Money Wont Kill YouResearch has shown that government paper money is a hotbed for bacteria and that, at least in the U.S., most bank notes in circulation are tainted by cocaine. Now you can also worry about a new threat possibly sticking to your fingers when you handle a bill – a deadly virus coming out of China. […]

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Bitcoin and Doomsday Preppers — Would Crypto Have Any Survival Value If SHTF?

Bitcoin and Doomsday Preppers — Would Crypto Have Any Survival Value If SHTF?As so-called “doomsday prepping” grows in popularity thanks to news of coronavirus lockdown in Chinese cities, red flag gun laws and rampant Fed stimulus in the U.S., preparedness enthusiasts are asking about the viability of bitcoin in a SHTF situation. From cautious, light investor, to vehement denigrator of the “NSA-created surveillance money,” there is no […]

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3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners

3 Cents per kWh - Central Asia's Cheap Electricity Entices Chinese Bitcoin MinersAs tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan. Last spring, Chinese bitcoin mining operations flocked to Iran for extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation, […]

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Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger

Fed Chair Jerome Powell Reveals US Response to Digital Yuan, Libra, Public Payments LedgerIn his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is not attractive for the U.S. Admitting that Facebook’s Libra project was a wake-up […]

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