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China’s Bitcoin Mining Industry Impacted the Most This Year, Says Report


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...

Bitcoin Hashrate Falls 25% in 3 Days, Miners Unplug as Floods Hit China


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...

US Federal Reserve Reveals Building a Digital Dollar Codebase With MIT


The U.S. central bank has been working on creating a digital dollar, according to a recently published transcript from Federal Reserve Board Governor Lael Brainard. On Thursday, she told participants attending “San Francisco’s Innovation Office Hours” webcast, that the Fed...

China Set for Huge Expansion of Digital Currency Pilot


The Chinese central bank is reportedly set to massively expand the scope of its digital yuan pilots – as the nation edges closer to a central bank digital currency (CBDC) issuance. Per a report from the Wall Street Journal, the nation’s Ministry of Commerce said that the pilot – so far active...

Australian Woman Jailed Two Years for Stealing $300,000 Worth of XRP


An Australian hacker who stole 100,000 units of the XRP cryptocurrency has been sentenced to a maximum of two years and three months in jail, local media reported. Kathryn Nguyen hacked the crypto account of a 56-year old man in January 2018. Working with an accomplice, the 25-year-old Sydney woman...

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