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Visa Exec Says ‘Opt Out With Bitcoin’ Slamming Fed’s Policy Change Toward Inflation
29.8.2020
On Thursday, 17 top Federal Reserve officials explained that the committee plans to let inflation run hotter than usual, or above the benchmark 2% rate for a duration of time. Fed Chair Jerome Powell’s speech was considered a “major policy shift” and a number of economists...
No more cheap electricity for Inner Mongolian crypto miners, officials say
26.8.2020
The halcyon days of state subsidized electricity are over
Official Notice Says Cheap Electricity to End for Inner Mongolian Bitcoin Miners
26.8.2020
Regional reports say that officials from Inner Mongolia delineated 21 bitcoin mines, as the region plans to stop subsidized electrical rates for certain data firms. Unless the bitcoin mining facilities pack up and migrate, mining farms may see an electrical price increase by one third. The Chinese...
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...
Americans to Buy Bitcoin With Their Second Stimulus Checks After Initial Investment Turned in 50% Profit
27.7.2020
U.S. investors may be planning to use their second $1,200 stimulus money to buy bitcoin – again. The U.S. government is, on Monday, expected to approve plans for this second payout, White House officials have confirmed. The bailout is intended to cushion families against the covid-19 fallout....
French Officials Move to Start Trial of Alleged BTC-e Operator Alexander Vinnik
24.7.2020
The alleged BTC-e operator stands accused of extortion, aggravated money laundering and conspiracy
German Court Rules to Limit Authorities’ Access to People’s Data
19.7.2020
The German constitutional court has ruled that the police and intelligence officials have too much access to people’s personal mobile phone and internet data. A win for privacy activists, the court has directed the government to amend applicable laws to better protect the privacy of German...
E-Gold Claims US Officials Buried Key Report in 2008 Landmark Crypto Ruling
3.7.2020
A court filing alleges federal government suppression of an OFR review led to crypto businesses being defined as money transmitters
Filipino Crypto Scammers Are Impersonating Government Officials for Profit
22.6.2020
The Philippines Department of Finance warns people that Bitcoin Revolution uses government officials’ names to spread fake news endorsing their business
Fake Gov't Officials Blackmail People to Put Money in 'Bitcoin Machine'
20.6.2020
The local police department in a Canadian town is sounding the alarm over a bitcoin (BTC)-related scam that sees criminals impersonate government officials and call unsuspecting residents to tell them to deposit money into a “bitcoin machine.”
The scam, first reported by local news outlet...
Chinese Officials Say Bitcoin Doesn’t Make the Top 10 Cryptocurrencies
18.6.2020
Bitcoin ranks 12th in a recent blockchain evaluation index, as published by China’s Center for Information and Industry Development
Fed Officials See Anemic Inflation Despite Trillion-Dollar Money Injections
10.6.2020
Federal Reserve officials see U.S. inflation as likely to stay below 2% over the next three years, based on a new summary of economic predictions released Wednesday by the central bank
US Officials Allege Student Defrauded Apple as Part of SIM Swap Attack
9.6.2020
A UC San Diego student is accused of participating in a SIM-swapping scam that defrauded Apple and stole one victim’s crypto
Leaked Pentagon War Game Shows Gen Z Using Bitcoin to Battle the Corrupt State
8.6.2020
The United States has been creating military simulations, otherwise known as ‘war games,’ for years now. In fact, the Pentagon and various professional analysts created a permanent war gaming facility for simulations. This week a report indicates that Pentagon officials have purportedly...
Trump Predicts US Economy to Recover by 2021 — Fed Chair, Economists Disagree
7.6.2020
President Donald Trump has predicted that the US economy will recover by 2021, citing new jobs data released by the Labor Department which contains a “misclassification error.” Officials say the numbers are artificially low, and Federal Reserve Chairman Jerome Powell and several...
Chinese Police Arrest 12 Fake ‘Huobi Officials’
21.5.2020
Chinese authorities have busted a group of scammers allegedly claiming to be “Huobi officials”
1 Cent per Kilowatt-Hour: China’s Sichuan Province Encourages Hydro-Powered Bitcoin Mining
29.4.2020
The local government of Ya’an city, in China’s Sichuan province, has announced the region is encouraging bitcoin mining in Sichuan if operations leverage the local hydropower plants. The document released by Ya’an city officials is in stark contrast to how Sichuan lawmakers felt...
Chinese Officials Support Renewable Energy-Powered Cryptocurrency Mining
28.4.2020
The Chinese city of Ya’an plans to encourage local mining operations powered by its hydroelectric electricity generation facilities
Spain’s Lawmakers Plan to Provide Basic Income to Low-Income Residents
12.4.2020
Spain is preparing to provide universal basic income (UBI) to low-income individuals due to the wrath of the coronavirus, the country’s minister for economic affairs Nadia Calviño recently explained. There’s no set date yet for the UBI program, but Spain’s officials said they...
US County Extends Rule Making Bitcoin Mining Firms Invest in Renewable Energy
27.3.2020
The newly extended rule that crypto mining farms must offset energy consumption with renewables might also be made permanent