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The SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear power plants. Bitcoin mining is a process where groups of miners compete … Read more
Beijing’s municipal government has ambitious plan for smart city infrastructure based on the Huawei Cloud Blockchain. Go to Source Powered by WPeMatico
China can reverse Bitcoin transactions, a Ripple exec said. Go to Source Powered by WPeMatico
The 2020 pandemic could accelerate global efforts to issue CBDCs, say BIS analysts. Go to Source Powered by WPeMatico
China’s central bank released a new statement to debunk some rumors. Go to Source Powered by WPeMatico
China’s national blockchain project BSN could be the best fit for the digital yuan. Go to Source Powered by WPeMatico
Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly shut down 1,100 illegal bitcoin mining farms in the country, local media reported. Whistle-blowers tipped off authorities on unauthorized miners following a July announcement of rewards including 100 million rials (about $2,400). Tavanir deputy head Mostafa Rajabi Mashhadi told Fars News Agency that the blitz … Read more
Check out this week’s Bad Crypto podcast. Go to Source Powered by WPeMatico
What are CBDCs and the risks they possess, and how might they reshape our economies? Go to Source Powered by WPeMatico
Like, hate, or fear them, central bank digital currencies (CBDCs) are on their way. There will be no stopping them. From Sweden to Thailand and China to Canada, governments the world over are experimenting with CBDCs. While most are being undertaken as pilots at this stage, China’s is all but ready for primetime. Social Credit … Read more