China’s Crypto Industry Lives On. Here Are 3 Quotes About Its Current State
Ban or no ban, China’s crypto obsession is as strong as ever. Before the government stomped into the cryptocurrency industry, China was arguably the world’s leader. Its exchanges were the biggest and, at its heights, they controlled 70% of bitcoin’s hashrate. The ban was supposed to kill all that, but the roots were too strong. […]
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With so many opinions regarding crypto, here is a look at some of the most impactful quotes that symbolized 2020. Throughout the past decade, a lot has been said about Bitcoin (BTC) and the future of cryptocurrencies. However, 2020 has so far been a defining year for the industry as current events bring to life what was predicted in the past. The world of cryptocurrency has historically been exclusive to Twitter battles and private chats on Telegram. Even when Bitcoin received its brief moment of fame on mainstream media, mentions of the token were mostly in dismissal of its potential,....
The quotes are certain to raise eyebrows among bankers, everywhere. The Vice President of Sberbank, Russia’s biggest bank by assets and the third largest bank in Europe (2014 figures) has opined that the advent and spread of blockchain technology will see banks disappear by 2026. Speaking at Metro Expo 2016, an industry conference, Sberbank’s vice president Andrey Sharov shared his thoughts about the future of the banking industry. With quotes reported by Russian news agency , Sharov predicts that the rise of blockchain technology will lead to the demise of the current banking industry as....
Per a report by VOA News, Alibaba Group’s affiliate Ant Group has signed a partnership with the People’s Bank of China. The partners will work to build a platform for the country’s central bank digital currency (CBDC). VOA quotes the Chinese state media Global Times. The Digital Yuan, also know as Digital Renminbi or e-CNY, […]
Warren Buffett said in one of his famous quotes, “Be fearful when others are greedy, and greedy when others are fearful”. Sometimes, we may get too cautious of our investments that we end up not taking the actions that could potentially transform our lives. When it comes to buying and selling, every investor knows that […]
Miners dislocated by China’s crackdown are looking to Texas for cheap electricity, but the state’s grid is already on the brink of disaster amid a sweltering summer. The recent crackdown on crypto mining in China has seen concerns expressed over the potential impact a hashrate migration could have on Texas’ unreliable electricity market, as an increasing number of dislocated miners eye the Lone Star State.Texas’ abundant sources of renewable energy and highly deregulated power grid make the state an obvious choice for migrating miners from China and elsewhere, with 20% of Texan electricity....