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How Facebook’s Libra Has Been Influencing Crypto, Politics and Finance

Analysis Over the past few days, a number of Libra-related announcements have been made — only, they weren’t from Facebook, the Libra Association, Calibra wallet or any other party involved in its development. First, top crypto exchange Binance announced a project called “Venus” — coincidentally,..

The Push to Kill Cash – Australia’s Proposed Ban Shows It’s Not Conspiracy Theory

The supposed coordination of governments and tech companies to create a one-world, cashless society is often viewed as little more than fodder for silly Youtube conspiracy videos. After all, cash is still king in daily life, even in extremely high-tech, innovative societies like Japan. Upon closer e..

Bitmain Valuation to Hit $12B With New 600K Chip Order, Source Says

News Bitcoin (BTC) mining giant Bitmain will increase its capacity by 50% in the next six months on the back of a giant hardware order, a source close to the deal has said. Bitmain eyes 50% capacity increaseAs reported by Chinese social media network WeChat on Aug. 23, Bitmain, which has seen a dr..

China May Release Libra Competitor Before Facebook Launches It, Report

Facebook’s Libra may be facing multiple threats from regulators, but the same critics are now racing to beat the social media giant at its own game.Experts: Chinese Libra May Come First The US, China and European Union are all concerned about Facebook’s digital currency. According to fresh report..

How Bitcoin Demand is Driven by Central Banks Devaluing Their Currencies

The demand for bitcoin has certainly been tangible over the past few months. Even with a correction of around 30% the digital asset is still up over 160% this year. That growth could have been spurred by central banks devaluing their own currencies as economic skies darken. Big Banks Boosting Bitco..

Heavy Rains Hit “Bitcoin Mining Capital” Sichuan: Some Facilities Flood

You can count on the Sichuan Basin in Northwestern China being rainy every autumn. The question is: how rainy? This year, the seasonal downpours are proving particularly torrential, as extreme flooding in recent days has led to evacuations and fatalities in the region. Also affected have been bitc..

Binance Venus Aims to Outshine Libra and Chinese National Crypto?

Analysis Within the past 12 months, stablecoins have transformed from a niche idea to tackle the issues of a volatile market into methods of payment championed by some of the world’s biggest and most powerful tech companies. Facebook’s announcement that it would be supporting the launch of a rese..

US Treasury Sanctions Bitcoin, Litecoin Addresses Under Kingpin Act

News The United States Department of the Treasury has added multiple cryptocurrency addresses to its Specially Designated Nationals (SDN) list under the Foreign Narcotics Kingpin Designation Act, or the Kingpin Act. These addresses, and the individuals associated with them, have been deemed to be ..

Bitcoin Hash Rate ‘Not Affected’ as China Floods Knock Out Miners

News Bitcoin (BTC) network hash rate remains near all-time highs despite fresh turmoil in China as floods wipe out mining operators. Bitcoin mining farm ‘devastated’As various Twitter users reported on Aug. 20, the rainy season in China’s northwestern Sichuan province has spelled disaster for at ..

What’s Driving Up Bitcoin Price? Central Banks, Says FT Reporter

News The Financial Times' chief correspondent for international finance has argued that central banks can ironically be credited for igniting Bitcoin’s price. In a column for Nikkei Asian Review on Aug. 21, Henry Sender said that banks’ dovish policies are spurring an increasing recognition o..

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