Bitcoin power consumption ‘66 times higher than in 2015’: Citigroup
However energy consumption has not matched the 170X price increase over the same period. Go to Source Powered by WPeMatico
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Blockchain provides major boost to speed of China-Europe rail trade
Rail cargos from China to Europe can now be delivered in days instead of months, after a new blockchain system was installed at a major Chinese rail port. Go to Source Powered by WPeMatico
How the digital yuan stablecoin impacts crypto in China: Experts answer
Here’s what crypto and blockchain industry experts from China think about the digital yuan and how it has affected the blockchain space. Go to Source Powered by WPeMatico
Online Game Operator The9 Plans to Purchase 2,000 Bitcoin Miners for Over $6 Million
The Shanghai-based online game operator The9 Limited, has revealed the company is planning to acquire 2,000 Canaan Avalonminers for over $6 million in a stock deal. The9 binding memorandum of understanding (MOU) explains that the new units will give the company 0.1 exahash of bitcoin hashpower. On April 9, the publicly-listed gaming and internet company … Read more
Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in Austin
The Lone Star State of Texas is solidifying its role as a bitcoin mining and blockchain hub. This week two major bitcoin mining companies established operations in Texas. The company Riot Blockchain purchased a mining site in Rockdale and the bitcoin mining firm Blockcap announced establishing headquarters in Austin. Blockcap Sets Up Headquarters in Austin, … Read more
Chinese Tech Firm Meitu Buys 175 Bitcoin, Treasury Now Holds $100 Million Worth in BTC and ETH
The China-based smartphone and internet app maker Meitu has announced the acquisition of $10 million worth of bitcoin for its treasury after the firm purchased digital assets two times prior last month. The company’s cryptocurrency holdings now stack up to $100 million worth of ethereum and bitcoin. Meitu Stacks Another 175 Bitcoin, $100 Million in … Read more
Ebang refutes Bitcoin ‘China Hustle’ claims as share price falls 20%
A NASDAQ traded Chinese Bitcoin mining firm has seen its shares fall 20% after a damning short report unveiled some alleged dodgy dealings. Go to Source Powered by WPeMatico
Meitu now holds $100 million in BTC and Ether after latest Bitcoin purchase
The tech company has been on a buying spree of late, racking up $100 million worth of Bitcoin and Ether. Go to Source Powered by WPeMatico
Our Man in Shanghai: Scandal as $45M of stolen government funds lost using 100X leverage
The Chief Marketing Officer a blockchain security company has been charged with embezzlement; Peter Thiel calls Bitcoin a ‘weapon’ of China (but no one cares), and CZ’s net worth rises to $1.9 billion. Go to Source Powered by WPeMatico
US must embrace Bitcoin to counter Chinese ‘financial attack’ — Pomp
Bitcoin, like the internet, can be used in ways which could compromise U.S. prowess without suitable allowances from lawmakers. Go to Source Powered by WPeMatico