Tag: China

Bitcoin Mining Overview 2019-2023 The most mobile industry in the world: dramatic shift from China to the United States The most profound transformation within the Bitcoin mining sphere is China’s drastic decline, from 72% in 2019 to just 15% in 2023. This sharp decrease is widely attributed to the Chinese government’s stringent crackdown on Bitcoin […]

The price of bitcoin has surged back from its 2022 lows of $14k and is now steady at around $23k – despite recent setbacks – but does that mean cryptocurrency can stand alone from the banking industry? Far from it! The demise of Silicon Valley Bank rapidly followed by the implosion of Credit Suisse sent […]

In many countries, the uptake of cryptocurrency and the Blockchain has been fast and extremely popular. Around the world, the increase in crypto adoption between 2012 and 2021 was considerable, sending the price of Bitcoin up by 540,000% in this time period. However, the same has not been true in communist countries, such as Russia […]

What is a CBDC?  A CBDC is a form of digital currency issued and backed by a central bank. CBDCs are typically a country’s traditional money in digital form –  for example, China’s digital renminbi. CBDCs are distinct from cryptocurrencies, which rely on the application of cryptography to manage supply and security. A CBDC is […]