It is rumored that bitcoin and cryptocurrency mining is banned in China. Local miners have stated that although the volume is down, mining is not banned yet. Rumors and Unsubstantiated reports The secret to China’s success in profitable mining operations is cheap electricity. However, Sichuan Electric Power Company released…
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Cathy Thompson
Cathy is a multidisciplinary author with expertise in cryptocurrency & investing. Her degree in business administration and 20+ yrs writing experience gives her unique insight into crypto markets.
Bitcoin Gold Had a Shaky Start, Stabilizes
Bitcoin gold has two goals. Changing mining so ASICs or the most powerful mining computers, are no longer used. Second, BCG was developed to gain more people to bitcoin gold and free the bitcoin network from large companies with undue influence on the market. The start of bitcoin gold was…
Bitcoin Cash Hard Fork Takes Implemented to Ease Mining Complications
Bitcoin Cash is resistant to social and political atttacks on its protocol development. It is claimed that no single group or project will be able to control bitcoin cash. Now, bitcoin cash is going through a planned hard fork, and it is predicted to be successful. Currently, most of the…
Brazil's Central Bank Invests in Blockchain R&D
Blockchain has created a new technology for a different type of internet and backup system. Blockchain was developed for the digital currency, Bitcoin, but Brazil's Central Bank is doing more and different research and development for blockchain. In an interview about plans for blockchain technology, the central bank's blockchain team…
Are Bitcoins Being Used Illicitly? US Treasury Sec. Mnuchin Investigates
Is using Bitcoins part of illegal or illicit activities? Steven Mnuchin, US Secretary of the Treasury, is stressing that bitcoin usage needs to be examined very carefully. It is vital that bitcoins are not being used for illicit purposes. Mnuchin claims that there is a very big possibility that bitcoins…
Nvidia Report Suggests that Cryptocurrency Mining has Slowed in Q3
Nvidia Corporation, an American technology company, based in Santa Clara, California, is not worried about the recent downturn in the sale of cryptocurrency. Nvidia designs graphics processing units or GPUs for cryptocurrency mining, but this is a small part of the company’s portfolio. Bloomberg has reported that cryptocurrency mining-related…