Could Floods in China Wipe Out Bitcoin? | Plato Blockchain
China Is Making Cryptocurrency to Challenge Bitcoin and
5 Ways To Buy Bitcoin in China (Exchange Reviews 2020)
This just in! China banned is banning Bitcoin, just like they did a month ago !
China will be banning Bitcoin every day, and continue to ban it until the end of time. Lets all circle jerk about China banning Bitcoin and allow China to control the decentralized global currency known as Bitcoin.
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Hey all, Like many here I'm somewhat new to cryptocurrency but have decided to purchase some Verge, and other currencies. China recently rocked the cryptocurrency exchanges, and now based on the below article it may deliver another mortal blow to Bitcoin and it's altcoin brethren. I have a few questions for the cryptocurrency veterans.
Everyone seems all excited about Verge possibly getting placed on binance, but this article leads me to believe binance may be shutdown.
I have BNB in binance, should I sell?
Skeptics have recently claimed that cryptocurrency is in a bubble. I believe this technology is in its infancy but I can't help to think that China's regulation moves are only the beginning of a larger international governmental crackdown on these currencies. Verge from what I gather is extremely secure and anonymous, rogue states like north korea, would love to be able to use this to launder money into and out of their country. I think as this grows in popularity were going to be rocked by weekly crackdowns by government banks who are basically afraid of change. Basically, I think we're in for a beating... thoughts?
North Korea gobbling up bitcoin and China regulations connected?
Are these 2 linked? What happens if the china regulations come as their way to lower the bitcoin price making it cheaper for North Korea to fund itself? This way they can take part in sanctions set by the UN/US and help N. Korea at the same time?
Does anyone have any good thoughts or links to good texts on the following. How the major holder and mining of BTC is China, and citizens, should it become adopted as a major currency worldwide how it affects global wealth in terms of does it speed up US's decline in terms of world power. I was wondering this as to how China could use BTC to it's advantage and what measures other countries governments would go to to quell this in terms of if 90% of BTC is held by Chinese citizens and each BTC is now worth $50k USD were going to ban it from being used in the US.
Bitcoin ATM’s are another option for purchasing Bitcoin in China. These are scattered around the world, and allow users to exchange cash for Bitcoin. In order to find an ATM near you, look at Coinradar. Bitcoin ATM’s often have a higher fee compared to other methods (usually around 10%), although they offer a much higher level of privacy. China’s digital cash is designed to be an electronic version of a banknote, or a coin: it just lives in a digital wallet on a smartphone, rather than a physical wallet. Its value would be backed Bitcoin markets slip on Monday to a low of USD 8,910 before recovering above USD 9,000; China has moved to allay fears of crypto bans, saying it will not shut down legitimate crypto-related accounts China is home to a large number of bitcoin mining farms as a lot of regions offer cheap subsidized electricity, making mining a profitable venture. China is currently suffering from the worst floods since 1998 when heavy rainfalls damaged and destroyed more than 13 million homes and left a death toll of over 3,700. Considering the fact that a huge chunk of Bitcoin mining is carried out in China, the industry is on edge. Since June, strong rainfalls are causing […] The post Could Floods in China Wipe Out Bitcoin? appeared first on
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