Category: China
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Analysts: China’s Cryptocurrency Could Be Bigger Than Bitcoin
Experts believe China is far from uninterested in cryptocurrency despite its overt efforts at bans of one kind or another. In fact, it is widely believed the communist government is contemplating its own version of a state backed cryptocurrency. Should that be the case, analysts assume it could potentially be bigger than Bitcoin. Also read:…
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The Daily: US Presidential Candidate Accepts Bitcoin, Kickico Hacked – $7.7M Stolen
US presidential candidate, Andrew Yang (D), has announced that his campaign for the 2020 election is now accepting cryptocurrency donations. Also in the Daily, Chinese social network, Tianya, is about to issue a native token, and the Kickico project has been hacked – resulting in the loss of $7.7 million USD worth of tokens due…
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Chinese Household in Trouble for Chasing a Lost Cause – Mining Bitcoin with Phones
A Chinese household has been stealing electricity to mine bitcoin using 50 mobile phones and 15 improvised mining rigs. The home workshop has consumed almost 33,000 kWh of unbilled electricity. That should be enough for a couple of bitcoins, but using a smartphone for the job is not really an option. Also read: 80%…
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Memo Innovation Invigorates Bitcoin Cash Proponents
Just recently we reported about the on-chain social media network called Memo, an application that allows people to publish censorship resistant ‘memos’ on the Bitcoin Cash (BCH) blockchain. So far users have sent thousands of on-chain memos, and the platform’s developers have added new features like ‘replies’ which unleashed over 3,000 Memo transactions in 24…