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Chinese Media Platform Publishes Chart On Bitcoin Mining Cost: China Cheapest, Denmark Most Expensive

Chinese Media Platform Publishes Chart On Bitcoin Mining Cost: China Cheapest, Denmark Most Expensive

Chinese media platform Odaily published its “Global Mining Cost Map”, showing the electricity cost of mining a Bitcoin in different countries across the world. Obviously, electricity makes up most of the cost for mining cryptocurrencies, hence this is a key consideration before choosing a location to start mining. Unsurprisingly, China is on top of the...

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Chinese Crypto Miner Predicts That Bitcoin Could Reach $740K

Chinese Crypto Miner Predicts That Bitcoin Could Reach $740K

Zhu Fa, co-founder of Poolin, a Chinese-based crypto mining pool, predicted that the Bitcoin (BTC) price could hit 5 million Chinese yuan ($738,000 (USD), crypto news outlet 8BTC reported on Feb.11. While Zhu noted that “it now feels more like a bear market,” he reportedly predicted that in the next bull run, prices will be 10–20 times higher...

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Chinese Blockchain Rankings Released: EOS Still First, Ethereum Second, Bitcoin 15th

Chinese Blockchain Rankings Released: EOS Still First, Ethereum Second, Bitcoin 15th

China has released its latest government-sponsored rankings of major cryptocurrencies, placing Bitcoin (BTC) in 15th, while EOS keeps its top spot. The rankings were released in a press release on Jan. 24. The crypto rankings by China’s Center for Information and Industry Development (CCID) were first announced in May last year. In this ninth edition of the index, EOS keeps its place as...

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Unconfirmed: TRON to Partner with ‘China’s Google,’ Baidu

Unconfirmed: TRON to Partner with ‘China’s Google,’ Baidu

The team of cryptocurrency project TRON (TRX) has reportedly partnered with China‘s largest Internet search provider Baidu. Crypto market news service Coinness has claimed this in a tweet Thursday, Oct. 11, citing its private correspondence with TRON’s team. Neither TRON nor Baidu have been able to confirm the partnership to Cointelegraph as of press time. Without specifying the details of the...

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Bitcoin Network Comes To A Standstill In China

Bitcoin Network Comes To A Standstill In China

Ben Kaiser from one of the most impressive universities in America, Princeton University and Alex Ledger from Florida International University have written a paper together on what China is impacting Bitcoin. Standstill. The paper, titled ‘The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin’ describes all the multiple different ways that China...

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China Top Coins – Infographic Series – 2018/09/21

China Top Coins – Infographic Series – 2018/09/21

China Top Coins – Infographics about the top Chinese coins, which include more specific data about 24h trading volume, the number of transactions made within 24h, the number of active addresses within 24h and the comparison between the ATH and current market cap. The goal of this series was to create something new and unique...

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Living of Bitcoin in China – New Documentary – Is It Possible?

Living of Bitcoin in China – New Documentary – Is It Possible?

The rapid growth of mobile payment services like Alipay and WeChat Pay has enabled China’s biggest cities to transform into cashless societies, enabling consumers to use their smartphones to pay for almost everything – from meals and transport to film tickets and foot massages. The development of cryptocurrencies, however, has sparked interest in how one...

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Ripple Endorses ‘Preferred’ Crypto Exchanges for XRP Payments

Ripple Endorses ‘Preferred’ Crypto Exchanges for XRP Payments

Distributed ledger startup Ripple has endorsed three cryptocurrency exchanges as its “preferred partners” for transacting with its xRapid payments service, which uses the cryptocurrency XRP. Announced Thursday, Bittrex, Bitso and Coins.ph will now serve as Ripple’s “preferred digital asset exchanges” as part of its efforts to build out the XRP ecosystem. Cory Johnson, Ripple’s chief...

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$1.5 Million in Crypto Seized During FIFA Crackdown

$1.5 Million in Crypto Seized During FIFA Crackdown

Local police officials in China seized more than $1.5 million worth of cryptocurrencies as part of a crackdown on gambling during the 2018 FIFA World Cup. Chinese state-run media outlet Xinhua reported on July 11 that authorities first noticed the unnamed gambling platform in May following advertisements that claimed it would “accept international recognized cryptocurrencies including bitcoin, ether...

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