Category: China
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Princeton Research Claims China Motivated to “Kill” Bitcoin, Selfish Miners Governing 74 Percent of Network
A research study published on Oct. 5 claimed growing Chinese influence over the Bitcoin protocol is a “looming threat” to the $114 billion network. The paper alleged that China presents a problem to the security, stability, viability of the pioneer cryptocurrency. The Case Against China According to the paper, which was published by Florida International University…
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Bitcoin Mining for Retailers Unprofitable, Bitmain Shifts Focus to Manufacturing Business
The famed Bitcoin mining industry boasted of record revenues in the first half of 2018, surpassing all of 2017. However, research from Diar shows the network’s increased hashing rate meant mining firms paying retail electricity prices faced a net loss for the first time in September 2018. Big on Paper, Not on Fiat The extended…
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Venture Capital Investment in Blockchain Up Nearly 300 Percent in 2018
According to a recently published Diar report, venture capital investments in crypto and blockchain companies have nearly tripled in the first three quarters of 2018 from that of 2017. Diar references data from Pitchbook that reveals that blockchain and crypto-related companies have raised approximately $3.9 billion in venture capital this year. This figure represents a…
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Stability in Crypto Market Suggests Massive Accumulation by Institutional Investors
Most investors in the crypto market are hoping for the entrance of institutional investors to start the next bull run. Recent stability of major digital assets like Bitcoin suggests that institutional investors are already actively involved in the cryptocurrency market. The past two months from August 2018 to early October 2018 have been the most…
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Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again
Irresponsible government borrowing has caused debt in many African countries to reach crisis level. Over the past 10 years, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of the Sahara, with public debt now making up about half of GDP. Bilateral loans, especially from China, add…
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China-Based Crypto Exchange Coinex Pays Interest in BCH
Crypto exchange Coinex will pay out long-term dividends, interest, in bitcoin cash (BCH) for coinex token (CET) holders, according to its website announcement. “If your CET holdings are on Coinex, we’ll calculate the dividends into BCH and allocate directly to your accounts,” the company explained. Also read: Bitcoin Cash Speaker Series II Brings Leading Bitcoiners…
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PR: Contentos Announces Investment From Binance Labs
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Decentralized global content ecosystem, Contentos, has been catching the attention…
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The Daily: Coinsquare Secures Banking Partnership, Québec Elections Bring Hope to Miners
Cryptocurrency exchange Coinsquare has reached a partnership agreement with a major Canadian bank and we’ve covered the announcement in The Daily. Also in Canada, a large bitcoin farm may be cut off from the grid by a mayor concerned about electricity consumption, and elections in Québec are likely to change the game for mining companies.…