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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.
BUSINESS

Official Calls Iran a ‘Heaven for Miners’

Jimmy Aki -
Despite a looming crackdown from regulators, cheap energy in Iran has made it ideal for bitcoin mining.
BUSINESS

The Ryuk Virus Is Spreading Through China, Asking 11 BTC Ransoms

8Btc -
Ryuk encrypts data on an infected device and demands hefty bitcoin ransoms, as high as 11 BTC.
BUSINESS

Bitcoin Mining May Come Back to Iran — If Officials Can Agree

Aaron van Wirdum -
The government in Iran is reportedly moving to authorize bitcoin mining but seems divided on the topic.
BUSINESS

13 Arrested for Stealing $3 Million of Electricity to Mine BTC in China

8Btc -
The power authority of Zhenjiang noticed an unusual spike in electricity consumption and abnormal line loss in some factories, and reported them to the local police.
BUSINESS

Chinese Bitcoin Miners Want to Set Up Shop in Iran

8Btc -
Chinese bitcoin miners have made requests through official channels to Iranian government, asking if they can leverage the country’s cheap power.
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