bitcoin, central bank digital currencies, china, digital currency, digital currency electronic payment, digital wallet, state cryptocurrencies

A Digital Currency Made in China

Following the bankruptcy of Lehman Brothers and the Financial Crisis of 2008, the popularity of cryptocurrencies started to surge. Unlike regular state-backed currencies, cryptocurrencies are decentralized in nature, meaning that no one has any absolute control over the production and distribution of such currencies. Soon, Bitcoin emerged to be the leading digital currency in the ...

Max Lu

Three digital currencies.

Bad News for Bitcoin: China Is Launching Digital Yuan Backed by Gold

China is expected to launch its state-backed digital yuan cryptocurrency over the next few months. Reports indicate that the crypto will be backed by gold. American stockbroker Peter Schiff believes that such a development would be bad news for the world’s number one cryptocurrency, Bitcoin. China’s cryptocurrency Max Keiser, the host of the popular financial ...

Max Lu

A bitcoin disintegrating.

How Blockchain Technology Will Shape the Future

According to Gartner, one of the leading research companies in the world, blockchain technology is poised to create about US$3.1 trillion worth of business value by 2030. Blockchain will essentially be so widely used that it will become an integral technological necessity for running society efficiently. Here are five ways the blockchain will likely affect humanity’s ...

Armin Auctor

Bitcoin using blockchain.

Think Cryptocurrencies Are Good for the Environment? Think Again!

Bitcoin has been heralded as the future of currency. However, using cryptocurrencies comes with a heavy price — pollution. According to a team of researchers at the Technical University of Munich (TUM), Bitcoin usage releases huge amounts of CO2 emissions every year. Bitcoin pollution Mining Bitcoin takes up a great deal of computing power. As ...

Armin Auctor

Bitcoins.

China Plans to Ban Bitcoin Mining

Beijing is said to be considering a ban on Bitcoin mining in the country. If the ban comes into effect, it would end China’s dominance in the industry. According to estimates, more than 70 percent of global cryptocurrency mining happens in China. Banning Bitcoin mining China’s National Development and Reform Commission (NDRC) recently revealed the ...

Max Lu

A bitcoin.

Exit Scam or Hack? Cryptocurrency Exchange MapleChange Shuts Down

Canada-based Bitcoin exchange MapleChange has shut down after it was hacked by third parties. While the company has promised to return as much customer funds as possible, people now suspect that MapleChange might just be an exit scam disguised as a hack. MapleChange shuts down About 913 bitcoins were reportedly wiped out by the alleged ...

Nspirement Staff

A Bitcoin exchanging hands.