US must embrace Bitcoin to counter Chinese 'financial attack' — Pomp
Bitcoin, like the internet, can be used in ways which could compromise U.S. prowess without suitable allowances from lawmakers. Bitcoin (BTC) can undermine the U.S. dollar if the United States does not take a lead role in accepting it, argues…
Digital yuan campaign planned for contested island in the South China Sea
Participants will receive a discount for every central bank digital currency expenditure worth 100 yuan. South China’s Hainan Province, which administers the prefectural Sansha City on a disputed archipelago in the South China Sea, will run a two-week campaign later this month…
New petition asks SEC chair nominee Gary Gensler to drop Ripple lawsuit
By Helen Partz
An XRP advocate started a petition to SEC chair nominee Gary Gensler, asking him to end the lawsuit against Ripple should he be confirmed as the new chair. The Ripple community has launched a new petition to “stop the war”…
PayPal CEO Says Bitcoin Could Be a Chinese Financial Weapon Against the U.S.
By Felix Mollen
PayPal CEO Peter Thiel loves Bitcoin but hates it when China mines or uses it. In a virtual event organized by the Richard Nixon Foundation, Peter Thiel explained that Bitcoin could be used by China as a weapon in the…
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Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million
By Jamie Redman
Following the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in…
UK Bitcoin mining revenues soar but China hogs 75% of ‘blood coin’ production
By Greg Thomson
U.K.-based Argo Blockchain just did record revenues, but a new report suggests 75% of Bitcoin mining still takes place in China, where “blood coin” is made. United Kingdom-based Bitcoin (BTC) mining firm Argo Blockchain just recorded the best quarter in…
Bank of Japan Set to Begin Experimenting with CBDC
By San Lee
Earlier today, the Bank of Japan (BOJ) announced that it began experimenting with the possibility of issuing its own central-bank digital currency (CBDC). The central bank first entertained the idea of a CBDC back in February. Now, the decision to…
Bitcoin miner firm Ebang launches Ebonex crypto exchange
By Helen Partz
Cryptocurrency miner supplier Ebang has officially launched its own crypto exchange after an invite-only beta phase earlier this year. Ebang, a publicly-listed company providing mining hardware for cryptocurrencies like Bitcoin (BTC), has officially announced the launch of its own crypto…
Shark Tank Kevin O’Leary Will Only Buy Bitcoin Mined with Clean Energy
The popular investor Kevin O’Leary stated he will only buy bitcoin mined sustainably in countries around the globe using clean energy. He distanced himself from the so-called ”blood” coins mined in China, saying he will never purchase such. Bitcoin Mined…