Category: China
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The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power
The SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear power plants. Bitcoin mining is a process where groups of miners compete…
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Huawei and Beijing jointly develop municipal blockchain directory
Beijing’s municipal government has ambitious plan for smart city infrastructure based on the Huawei Cloud Blockchain.
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The US is losing the ‘tech cold war,’ warns Ripple co-founder
China can reverse Bitcoin transactions, a Ripple exec said.
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Public interest in central bank digital currencies surpasses Bitcoin in 2020
The 2020 pandemic could accelerate global efforts to issue CBDCs, say BIS analysts.
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China’s digital yuan trials reportedly limited to small retail transactions
China’s central bank released a new statement to debunk some rumors.
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China’s Blockchain Service Network to launch stablecoin support in 2021
China’s national blockchain project BSN could be the best fit for the digital yuan.
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Iran Shuts Down 1,100 Illegal Bitcoin Miners; Whistleblowers Rewarded $2,400
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 100 million rials (about $2,400). Tavanir deputy head Mostafa Rajabi Mashhadi told Fars News Agency that the blitz…
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Digital Currency, Akoin and Blockchain Voting: Bad Crypto News of the Week
Check out this week’s Bad Crypto podcast.