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Major Flooding Disrupts Chinese Hydro Power, Bitcoin Mining

Landon Manning -
Rampant flooding in China’s Sichuan province has had a catastrophic effect on some of the world’s leading bitcoin mining operations.
BUSINESS

How the PlusToken Scam Absconded With Over 1 Percent of the Bitcoin Supply

Colin Harper -
Tracing China’s $3 billion crypto scam.
BUSINESS

Binance Announces New Stablecoin Venus

8Btc -
Binance’s Venus stablecoin project has been described as the “one-belt-one-road” version of Libra.
BUSINESS

Did the PlusToken Scam Cause a Bitcoin Price Dip?

8Btc -
The PlusToken cryptocurrency scam, thought to involve the theft of over 200,000 BTC, has involved a significant sell-off as the scammers try to cover their tracks.
MARKETS

Bitcoin Price Spikes in Argentina, Hong Kong

Landon Manning -
Stressed economic and political conditions are apparently driving the price of bitcoin in disparate parts of the world.
BUSINESS

China’s State Cryptocurrency Coming Soon, Featuring Two-Layer Structure

8Btc -
China’s central bank will run the top layer of its forthcoming digital currency and business institutions will run the second layer.
MARKETS

Bitcoin Price Surge: May Not Be Trade War but Whales

8Btc -
While many see tensions between the U.S. and China as the driving factor behind the bitcoin price surge, whales may be leveraging the upward momentum.
BUSINESS

China’s Central Bank to Accelerate Development of Fiat Digital Currency

8Btc -
In a video conference, the People’s Bank of China stated that it will accelerate the research and development of its fiat digital currency.
BUSINESS

Bitcoin Miner Demand Is Outstripping Supply in China

8Btc -
As bitcoin’s price outpaces the cost of mining in China, it can be difficult to procure a bitcoin miner.
BUSINESS

Bitcoin Deemed ‘Virtual Property’ By Chinese Court

Colin Harper -
The Hangzhou Internet Court ruled that bitcoin is considered legal property under the law in China.
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