cryptocurrency

Central Bank of China is Working on a Sovereign Digital Currency

Central Bank of China is Working on a Sovereign Digital Currency

The People’s Central Bank of China is reportedly putting the final touches on a cryptocurrency that seems to be very similar to Project Libra, the stalled effort by tech giant Facebook to facilitate digital payments across social networks. According to a wire report published by Reuters, China’s central bank officials have been watching e-commerce transactions…

A Less Than Enthusiastic Outlook for Litecoin Since Last Halving Event

A Less Than Enthusiastic Outlook for Litecoin Since Last Halving Event

Litecoin, one of the earliest Bitcoin clones, completed a process known as “halving” in early August, 2019, which means that miners stand to be rewarded with half of the tokens they were previously able to earn for their efforts verifying blockchain transactions. What is Halving and How is Mining Affected Blockchain networks that feature a…

Fugitive John McAfee Plans Ambitious Cuban Cryptocurrency Project

Fugitive John McAfee Plans Ambitious Cuban Cryptocurrency Project

The founder of the antivirus software industry is currently in Cuba evading American revenue enforcement agents, but this situation has not stopped him from making lofty cryptocurrency plans. John David McAfee believes that the protracted economic embargo that the United States has against Cuba over many decades could be circumvented with the right digital currency…