Flooding in China a Big Blow to Sichuan Bitcoin Mining Facilities

Bitcoin miners in China already have to deal with a government that wants to stamp out their industry. Add to that natural disasters such as flooding and landslides, and they have a full plate to contend with. Sichuan Bitcoin Farms Hit by Floods According to government services, monsoon flooding in China during July and August […]

Bitcoin Hash Rate ‘Not Affected’ as China Floods Knock Out Miners

Bitcoin shakes off new miner outages after China floods Source link

What's Driving Up Bitcoin Price? Central Banks, Says FT Reporter

Central banks are igniting Bitcoin’s valuation, argues the Financial Times’ chief correspondent for international finance Source link

Bitcoin Miners Halt Operations as Rainstorm Triggers Mudslides in China

A severe rainstorm in China’s southwest has led to fatal mudslides, causing some local hydropower plants and bitcoin miners to halt operations. Source link

China Is Racing to Launch a Digital Currency Ahead of FB’s Libra

China’s central bank will soon launch its state-backed digital currency, influenced by Facebook’s Libra Source link

Central Banks, Stablecoins and the Looming War of Currencies

A flood of competing stablecoins is coming to the global economy, setting the stage for what could be a climactic battle with the world’s biggest central banks. Source link

Huobi Wallet to Support MakerDAO Tokens, Decentralized Applications

Huobi Wallet adds support for MakerDAO’s stablecoin, utility token and DApps Source link

Bitcoin’s 2019 Gains Not Fuelled on Chinese Capital Flight Onlyh, Claims Circle CEO

According to Jeremy Allaire, the price increases in Bitcoin since the beginning of the year were driven by more than just Chinese investors seeking to avoid capital controls. The Circle CEO claims that a belief in this narrative from investors outside of China is likely to behind the rise too. Allaire also believes that although […]

China Central Bank Crypto Can Canabalize Alipay, WeChat Pay — Analyst

China’s digital currency could improve bank deposits Source link

China: Shenzhen Special Economic Zone to Include Digital Currency Research

The Communist Party of China will allow research into digital currencies within the Shenzhen Special Economic Zone Source link