Chinese Iron Importers Favor Crypto Over US Dollars
Chinese iron ore importers want to adopt the digital yuan to make transactions less dependent on American currency. Go to Source Powered by WPeMatico
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Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners
Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen electrical shortages and the aftermath is causing quite a bit of stress for Chinese bitcoin miners. Not too long ago, news.Bitcoin.com … Read more
Sichuan Officials Continue to Foster the Relationship Between Bitcoin Mining and Hydropower
The province of Sichuan is well known for being one of the largest concentrations of bitcoin miners on earth because electrical costs are extremely cheap in the region. Data shows that miners using hydropower in Sichuan are paying between 0.065-0.075 yuan or $0.01 per kilowatt-hour. According to regional reports, a number of enterprises that mine … Read more
Huobi Launches Global DeFi Alliance To Merge East and West
Can teamwork bring together the fragmented crypto space? Go to Source Powered by WPeMatico
China’s Digital Yuan CBDC Is Close, but Many Details Remain Unknown
Despite the interest currently surrounding the digital yuan, some are not yet sure of the project’s overall scope and mainstream viability. Go to Source Powered by WPeMatico
Bull Runs, Mining, and Tor Attacks: Bad Crypto News of the Week
Check out this week’s Bad Crypto podcast. Go to Source Powered by WPeMatico
US Federal Reserve Reveals Building a Digital Dollar Codebase With MIT
The U.S. central bank has been working on creating a digital dollar, according to a recently published transcript from Federal Reserve Board Governor Lael Brainard. On Thursday, she told participants attending “San Francisco’s Innovation Office Hours” webcast, that the Fed has been “collaborating with researchers at the Massachusetts Institute of Technology (MIT)” toward building a … Read more
China Expands Digital Yuan Trials to Beijing and Neighboring Provinces
While there is not yet a set time for the expanded pilot program to begin, a policy framework should be complete by the end of 2020. Go to Source Powered by WPeMatico
Australian Woman Jailed Two Years for Stealing $300,000 Worth of XRP
An Australian hacker who stole 100,000 units of the XRP cryptocurrency has been sentenced to a maximum of two years and three months in jail, local media reported. Kathryn Nguyen hacked the crypto account of a 56-year old man in January 2018. Working with an accomplice, the 25-year-old Sydney woman proceeded to change the two-factor … Read more
‘It’s Too Hard to Participate’: CWV Partner on China’s Blockchain Blueprint
Collaborating with the government is never easy. Go to Source Powered by WPeMatico