With cheap electricity and friendly regulation, is Central Asia the new promised land for crypto miners?
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With cheap electricity and friendly regulation, is Central Asia the new promised land for crypto miners?
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Former CFTC chairman aka “Crypto Dad” J. Christopher Giancarlo launches a think tank to promote the idea of digitizing the U.S. dollar
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Global debt records were broken in 2019, but that likely won’t be the end of such ominous economic milestones, the Institute of International Finance (IIF) predicts. The number could reach $257 trillion sometime in Q1 2020, according to a recent report by the group. Economies worldwide are struggling to address pressing issues such as stimulation […]
The post IIF Report Predicts Global Debt Will Reach New All-Time High of $257T in 2020 appeared first on Bitcoin News.
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As good as gold? Not so fast. “It appears a decent internet connection is crypto’s newest Achilles heel.”
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Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in the country’s financial system. Also read: China Saw $11.4 Billion in […]
The post China Issues Digital Currency Guide for Party Cadres appeared first on Bitcoin News.
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Chinese party officials show interest in a manual on digital currencies as the government opens to blockchain technology
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On January 8, China-based blockchain security firm Peckshield published its “2019 Global Digital Asset AML Research Report” noting a variety of crypto trends throughout the year. According to the study, cryptocurrency-based capital flight stemming from China was around $11.4 billion in 2019. Peckshield’s research recorded a number of illegal or otherwise unregulated transactions over the […]
The post China Saw $11.4 Billion in Crypto-Based Capital Flight Last Year appeared first on Bitcoin News.
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Several regulators in the U.S. and Europe have made cryptocurrency among their top priorities this year. The Securities and Exchange Commission’s compliance office and the European Securities and Markets Authority, in collaboration with other regulators, have outlined their plans to focus on crypto oversight. Further, China’s central bank has made digital currency a priority. Also […]
The post US and European Regulators Say Crypto a Priority This Year appeared first on Bitcoin News.
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During the first month of the new year, the research firm Tokeninsight published its “Mining Industry Annual Research Report,” which covers the competitive bitcoin mining sector. Tokeninsight’s study highlights the fact that BTC’s hashrate increased by 80% in 2019, even though BTC’s year-over-year average price dipped by 1.9%. Tokeninsight’s report also notes that more than […]
The post Mining Report Highlights China’s ASIC Manufacturing Improvements and Dominance appeared first on Bitcoin News.
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On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share. Since then, Canaan has launched a series of five new mining rig batches that […]
The post Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump appeared first on Bitcoin News.
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