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The diversified location of Bitcoin mining facilities following China’s crackdown is great news for the rest of the world, iMining CEO Khurram Shroff says. Go to Source Powered by WPeMatico
The digital yen should be compatible with other CBDCs to counter China’s progress with its digital yuan, one official argued. Go to Source Powered by WPeMatico
Analysts are predicting a rise in Bitcoin mining profitability of about 35% during the short term. This would be the effect of the bitcoin mining crackdown in China. Since the crackdown happened, a significant portion of hashrate stemming from the Bitcoin network disappeared. Ousted miners are struggling to relocate, and some might not even make … Read more
According to Jerome Powell’s conference calendar, the CEO of Coinbase, Brian Armstrong, met with the Federal Reserve chairman and former House of Representatives Speaker Paul Ryan to speak about the implications of digital currencies. The meeting’s details are unclear but most of the discussions seemingly revolved around the construction of an American central bank digital … Read more
The exchange’s decision aligns squarely with Beijing’s ongoing and multi-pronged crackdown on the country’s cryptocurrency investors in its attempt to prevent both capital outflows and volatility in the crypto sector. Go to Source Powered by WPeMatico
The country celebrates 100 years of Communist Party rule, pressure may be released as the economy goes back to status quo, Beijing subway now trialing e-CNY. Go to Source Powered by WPeMatico
Bitcoin bears could take a $31-million lead if BTC falls below $33,000 by Friday’s options expiry, but at the moment, both sides are balanced. Go to Source Powered by WPeMatico
The new law introduces an additional tax levy for energy used by crypto miners starting from January 2022. Go to Source Powered by WPeMatico
Despite China’s undermining, Bitcoin still exists and survives in lots of ways, Galaxy Digital’s CEO says. Go to Source Powered by WPeMatico
Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan payments for subway fares. Digital Yuan … Read more