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China’s Blockchain Service Network to launch stablecoin support in 2021
24.8.2020
China’s national blockchain project BSN could be the best fit for the digital yuan
Iran Shuts Down 1,100 Illegal Bitcoin Miners; Whistleblowers Rewarded $2,400
23.8.2020
Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly shut down 1,100 illegal bitcoin mining farms in the country, local media reported. Whistle-blowers tipped off authorities on unauthorized miners following a July announcement of rewards including...
Digital Currency, Akoin and Blockchain Voting: Bad Crypto News of the Week
22.8.2020
Check out this week’s Bad Crypto podcast
Central Bank Digital Currencies and Their Role in the Financial System
22.8.2020
What are CBDCs and the risks they possess, and how might they reshape our economies?
Why the Rise of the CBDC Is Bad for Your Privacy
22.8.2020
Like, hate, or fear them, central bank digital currencies (CBDCs) are on their way. There will be no stopping them. From Sweden to Thailand and China to Canada, governments the world over are experimenting with CBDCs. While most are being undertaken as pilots at this stage, China’s is all...
Bitcoin Macro Trend Unaffected by Chinese Investors’ $50B Tether Exodus
22.8.2020
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
Tether Could Be Enabling Capital Flight From China, Says Chainalysis
21.8.2020
The East Asia crypto market has reacted fast to news of Beijing’s national digital currency and regional economic tumult
Russia and China De-dollarization Approaching ‘Breakthrough Moment’
20.8.2020
China and Russia are collaborating to reduce their dependence on the U.S. dollar. Trade settlements in USD between the two countries have fallen below 50% for the first time. De-dollarization in Russia and China The dollar’s share of trade between Russia and China was only 46% of settlements...
Hunan’s Government Has Chosen a Company to Build New Blockchain Infrastructure for the Region
20.8.2020
Local government in China endorsed a public Blockchain infrastructure project
US Says North Korea Has 6,000 Hackers: Many in Belarus, China, India, Malaysia, Russia
20.8.2020
North Korea allegedly has about 6,000 hackers, many of whom operate abroad, according to a recent report published by the U.S. Army. The infamous Lazarus Group, thought to be linked to a number of cryptocurrency exchange hacks, is among them. North Korea’s Bureau 121 The U.S. Army recently...
China’s Bitcoin Mining Industry Impacted the Most This Year, Says Report
20.8.2020
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...
Chinese Iron Importers Favor Crypto Over US Dollars
19.8.2020
Chinese iron ore importers want to adopt the digital yuan to make transactions less dependent on American currency
Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners
18.8.2020
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...
Bitcoin Hashrate Falls 25% in 3 Days, Miners Unplug as Floods Hit China
18.8.2020
With heavy rainfalls and flooding hitting Southwest China’s Sichuan province, the global computing power dedicated to mining bitcoin (BTC) has now dropped by about a quarter, as some Sichuan-based miners have been forced to unplug from the network.
The bitcoin computing power, usually referred...
Sichuan Officials Continue to Foster the Relationship Between Bitcoin Mining and Hydropower
18.8.2020
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...
Top Bitcoin Mining Pools See 15% Hash Rate Drop Amid Continuous Rainstorms in China
18.8.2020
Major Chinese bitcoin mining pools are each seeing daily hash rate drops between 10 to 20% as continuous rainstorms in Sichuan disrupt power supply
Huobi Launches Global DeFi Alliance To Merge East and West
17.8.2020
Can teamwork bring together the fragmented crypto space?
China’s Digital Yuan CBDC Is Close, but Many Details Remain Unknown
17.8.2020
Despite the interest currently surrounding the digital yuan, some are not yet sure of the project’s overall scope and mainstream viability
China Testing Digital Currency in Major Cities, Including Beijing and Hong Kong
17.8.2020
China’s Ministry of Commerce has announced the pilot run of the country’s central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau. It will also be tested during the 2022 Winter Olympics games in Beijing, the ministry said. China Announces Testing...
Bull Runs, Mining, and Tor Attacks: Bad Crypto News of the Week
16.8.2020
Check out this week’s Bad Crypto podcast