Wednesday, January 3, 2018

China Central Bank Prepares To Regulate Bitcoin Mining

Not long after bitcoin soared by over $1,000 in a matter of minutes, when it was revealed that Peter Thiel had invested in the cryptocurrency, overnight bitcoin experienced some weakness after a report in the QQ.com news portal, subsequently confirmed by Reuters, that China"s PBOC had held a meeting to regulate bitcoin mining power use, an increasingly sensitive topic now that global bitcoin energy consumption is greater than what Qatar uses in a year.

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