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Bitcoin’s macro bullish trend remains intact even after data show Chinese investors moved $50 billion in crypto to overseas addresses in the past 12 months. Go to Source Powered by WPeMatico
The East Asia crypto market has reacted fast to news of Beijing’s national digital currency and regional economic tumult. Go to Source Powered by WPeMatico
Local government in China endorsed a public Blockchain infrastructure project. Go to Source Powered by WPeMatico
The researchers and analysts from Tokeninsight published it’s “2020 Q2 Cryptocurrency Mining Industry Report” which shows the industry has grown exponentially during the last six months. The findings indicate cryptocurrency mining has expanded a great deal but China’s bitcoin mines “suffered a great impact” in H1. Tokeninsight published its “2020 Q2 Cryptocurrency Mining Industry Report” … Read more
Chinese iron ore importers want to adopt the digital yuan to make transactions less dependent on American currency. Go to Source Powered by WPeMatico
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
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
Can teamwork bring together the fragmented crypto space? Go to Source Powered by WPeMatico
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
Check out this week’s Bad Crypto podcast. Go to Source Powered by WPeMatico