Exclusive: Chinese Group Looking to Buy One of Latin America’s Largest Bitcoin Mines
A Chinese group is in talks to buy CoinPY, one of the leading Bitcoin mining firms in Latin America Go to Source Powered by WPeMatico
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China takes additional steps to digitise the renminbi
The People’s Bank of China files for multiple patents related to digital currency Go to Source Powered by WPeMatico
3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners
As tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan. Last spring, Chinese bitcoin mining operations flocked to Iran for extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation, … Read more
Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger
In his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is not attractive for the U.S. Admitting that Facebook’s Libra project was a wake-up … Read more
The Coronavirus Incubation Time may be 24 Days Instead of 14
There are still a lot of questions regarding the coronavirus today. Even the incubation period is still up to debate, particularly following some new evidence coming out of China. Until now, it was assumed that the coronavirus was subject to a 14-day incubation period. The Coronavirus Mystery Deepens Due to those findings, the quarantine procedures … Read more
Japanese Official Calls for Urgent Development of Digital Yen to Counter China
A senior Japanese lawmaker said that the country should release its digital yen in two to three years Go to Source Powered by WPeMatico
Twitter Enjoys Speculating Over the Alleged Coronavirus Holocaust Scenario
The coronavirus threat keeps the world in its grasp every single day. On Twitter, some very interesting details were shared, albeit they are probably not related to the incident at all. When a virus outbreak like this takes place, there will be ample conspiracy theories in the near future. There is no Coronavirus Holocaust In … Read more
Coronavirus May Have Been the Spark That Will Destabilize the Chinese Communist Party Forever
The 2019 Coronavirus outbreak has brought the world’s attention to China and it’s regime. The numerous videos circulating on social media about the oppressive nature of the Chinese Communist Party have many outraged at the way that citizens are treated. However, this tyrannical attitude has been around in China for years. The Xinjiang re-education camps have … Read more
Chinese Insurance Firms Use Blockchain to Process Coronavirus Claims
Insurance claim processing firms in China use blockchain to reduce paperwork and accelerate procedures Go to Source Powered by WPeMatico
Facebook, China Light Flame Under Fed: Governor Cites Stablecoins Influencing Digital Dollar Research
At the recent Symposium for Future Payments held in Stanford, California on February 5, Federal Reserve Governor Lael Brainard stressed the importance of remaining “on the frontier of research and policy development regarding CBDC.” The position seems a contrast to the narrative in 2018 when Brainard maintained “there is no compelling demonstrated need for a … Read more