Online Cash Bitcoin Could Challenge Governments, Banks

Discussion in 'privacy general' started by nightrace, Apr 16, 2011.

  1. hawki

    hawki Registered Member

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    There's a longish story up on The Washington Post site about the expected migration of bitcoin miners from China to the U.S. because of China's recent crackdown on cryptocurrency to dial back energy consumption and meet their climate goals.

    At one point, the story refers to Jiang Zhuoer who became a multimillionaire by operating some of the most lucrative bitcoin mines in China and who is now closing his operation in China and considering a move to Texas and Tennesee:

    "...Jiang had about 300,000 computers humming around-the-clock in 20 specially ventilated warehouses across remote northern China, guzzling enough electricity to power a small city. The sophisticated machines cost hundreds of millions of dollars. The digital currency they minted was worth even more..."

    https://www.washingtonpost.com/worl...39c3a8-c903-11eb-8708-64991f2acf28_story.html
     
  2. mood

    mood Updates Team

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    China's cryptocurrency-mining crackdown spreads to Sichuan
    June 19, 2021
    https://www.reuters.com/technology/...-mining-crackdown-spreads-sichuan-2021-06-19/
     
  3. mood

    mood Updates Team

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    Billionaire caught in 'world first' crypto bloodbath
    June 22, 2021
    https://www.9news.com.au/technology...rk-cuban/0515bde4-cece-449d-bf2b-5ae687cab63a
     
  4. Minimalist

    Minimalist Registered Member

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  5. mood

    mood Updates Team

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    Bitcoin tumbles below $30,000 on China crypto-crackdown
    June 22, 2021
    https://www.bbc.co.uk/news/business-57549543
     
  6. mood

    mood Updates Team

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    Dogecoin made him a millionaire — briefly. He still refuses to sell
    June 23, 2021
    https://www.nbcnews.com/tech/tech-news/dogecoin-made-millionaire-briefly-still-refuses-sell-rcna1253
     
  7. mood

    mood Updates Team

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    El Salvador is giving away free Bitcoin to its citizens
    June 25, 2021
    https://fortune.com/2021/06/25/bitcoin-en-el-salvador-free-stimulus-check/
     
  8. mood

    mood Updates Team

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    UK watchdog bans cryptocurrency exchange Binance (updated)
    Digital money now faces a significant setback.
    June 27, 2021

    https://www.engadget.com/uk-bans-binance-cryptocurrency-exchange-180534513.html
     
  9. mood

    mood Updates Team

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    The US leads countries ready for widespread crypto adoption
    July 1, 2021
    https://www.zdnet.com/article/the-us-leads-the-countries-ready-for-widespread-crypto-adoption/
     
  10. mood

    mood Updates Team

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    Leaked Draft Shows What’s Inside Paraguay's Proposed Bitcoin Law
    July 14, 2021
    https://decrypt.co/75887/leaked-draft-bill-shows-whats-inside-paraguay-bitcoin-law
     
  11. mood

    mood Updates Team

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    The creator of Dogecoin says all crypto is a scam
    Helping the rich get richer and exploiting the desperate?
    July 15, 2021
    https://www.techspot.com/news/90432-creator-dogecoin-crypto-scam.html
     
  12. mood

    mood Updates Team

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    Cambridge data shows Bitcoin mining on the move
    New data shows Bitcoin mining in China was already in sharp decline before the latest crackdown by the government.
    July 15, 2021
    https://www.bbc.co.uk/news/technology-57811959
     
  13. hawki

    hawki Registered Member

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    "Police Destroy 1,069 Bitcoin Mining PCs With Big Ass Steamroller In Malaysia"

    Malaysian authorities did not mess around when they broke up a cryptocurrency mining farm and charged the operators with stealing electricity...

    Authorities in the city of Miri in Sarawak, Malaysia seized 1,069 rigs from miners alleged to have stolen electricity for their operations..."

    [Scroll-down through article for a video -- Highly recommended for anyone wanting to see 1.069 PC's flattened by a steamroller :)]

    https://www.vice.com/en/article/7kv...n-miners-with-big-ass-steamroller-in-malaysia
     
  14. mood

    mood Updates Team

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    Bitcoin slides towards $30 000 as confidence ebbs
    July 19, 2021
    https://techcentral.co.za/bitcoin-slides-towards-30-000-as-confidence-ebbs/109261/
     
  15. mood

    mood Updates Team

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    EU plans to make Bitcoin transfers more traceable
    Proposed changes to EU law would force companies that transfer Bitcoin or other crypto-assets to collect details on the recipient and sender
    July 20, 2021

    https://www.bbc.co.uk/news/technology-57901113
     
  16. mood

    mood Updates Team

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    Amazon is hiring a digital currency and blockchain expert, signaling a growing interest in cryptocurrency
    July 23, 2021
    https://www.cnbc.com/2021/07/23/amazon-is-hiring-a-digital-currency-and-blockchain-expert.html
     
  17. Palancar

    Palancar Registered Member

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    Little turn around --- > 39.1 K today
     
  18. mood

    mood Updates Team

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    Amazon denies report of accepting bitcoin as payment
    July 26, 2021
    https://www.reuters.com/business/re...-report-accepting-bitcoin-payment-2021-07-26/
     
  19. mood

    mood Updates Team

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    Monero Bug May Have Exposed the Privacy of Transactions for a Small Number of Users
    July 27, 2021
    https://www.technadu.com/monero-bug-exposed-privacy-of-transactions-small-number-of-users/291913/
     
  20. hawki

    hawki Registered Member

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