Bitcoin Miners Halt Operations as Rainstorm Triggers Mudslides in China

As reported on Coindesk, a prolonged rainstorm in China’s Sichuan province has caused land- and mudslides, forcing some local hydropower plants and bitcoin miners to halt operations.

Read more > here

Authorities Seize Crypto Mining Equipment from Nuclear Power Plant

Its hard to tell if people now are getting bolder or just stupid. Ukraine’s top law-enforcement and counterintelligence agency uncovered crypto mining equipment on site at a nuclear power plant.

Read more > here

Hong Kong Financial System is Under Attack, Could it Fuel Bitcoin’s Price?

Hong Kong has been facing protest against China for the past 11 week.

The protests are targeting existing financial systems. Over 1 million protestors threaten the system as they plan to withdraw cash from banks and ATMs. According to the experts, this might cripple the system and weaken the Yuan.

Most of the protestors may convert the Yuan into USD or Bitcoin. The history might repeat itself as the Yuan drops and Bitcoin price surge showed a correlation in the past.

Read more > here

Follow me and never miss any important crypto news!