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The 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 […]
The post 84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan appeared first on Bitcoin News.
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Quarantine measurement are being taken for used banknotes in China to fight the coronavirus, some says crypto is the answer
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Research 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. […]
The post China Is Scrubbing Cash Notes to Stop Virus Spreading so Its Government Paper Money Wont Kill You appeared first on Bitcoin News.
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The coronavirus and the crypto rally: Is it a case of correlation without causation?
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Japan is worried about the soon-to-be-released Chinese CBDC, as it might disrupt the global economy. Local lawmakers suggest developing a digital yen to counter it
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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 […]
The post Bitcoin and Doomsday Preppers — Would Crypto Have Any Survival Value If SHTF? appeared first on Bitcoin News.
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A Chinese group is in talks to buy CoinPY, one of the leading Bitcoin mining firms in Latin America
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The People’s Bank of China files for multiple patents related to digital currency
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As 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, […]
The post 3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners appeared first on Bitcoin News.
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In 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 […]
The post Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger appeared first on Bitcoin News.
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