Shanghai hong kong reuters a global chip shortage is choking the production of machines used to mine bitcoin a sector dominated by china sending prices of the computer equipment soaring as. Houbi sees massive btc outflow as its users grow concerned.
The bitcoin price has recently rallied to over 16 000 per bitcoin riding a raft of positive news to come within touching distance of its 2017 all.
Bitcoin news in china. Soaring computer equipment prices are squeezing smaller miners while benefitting big time players many outside china. China s new digital currency isn t bitcoin and is not for speculation mu changchun central bank official in charge of plan for virtual yuan also reveals that it will not need the. Its value would be backed.
Bitcoin and crypto adoption from china s. Bitcoin news is the world s premier 24 7 news feed covering everything bitcoin related including world economy exchange rates and money politics. China has seized 3 3 billion 2 48 billion in bitcoin as the nation continues to build its mining capacity and the recent move could allow beijing to dominate the global economy of the.
Bitcoin miners in china suffer a hike in electricity following the government s clampdown. News research analyses prices or. Bitcoin mining china penalizes more than 20 mining firms.
China s digital cash is designed to be an electronic version of a banknote or a coin. The inner mongolia region of china is a prime hotspot for bitcoin miners. Bitcoin bull run and rising awareness of digital currencies led to a 20 increase in crypto related lawsuits in china.
It just lives in a digital wallet on a smartphone rather than a physical wallet. Global chip shortage chokes china s bitcoin mining sector. 1 day ago by bitcoin news.