Bitcoin news: China powers ahead with BLOCKCHAIN technology as rest of the world trails

Patent applications for blockchain, which includes the distribution of cryptocurrencies such as bitcoin and ripple, trebled in 2017 as digital currencies like bitcoin hit record highs. China filed 225 of the blockchain patents in 2017, which was a significant increase from the 59 in the previous year. The US …
Google Alert – bitcoin

Trade war with China could be bad for dollar, good for bitcoin

My preliminary analysis indicates that a trade war could work to devalue the dollar. China has been pegging the Yuan as devalued in relation to the USD since 2001 when they joined the World Trade Organization (WTO). This has had the effect of tilting the whole playing table so that goods "roll down hill" more easily to the US and goods really have an uphill battle getting from the US into China.

Trump is not willing to start off fixing this by devaluing the dollar, so he's using tariffs. But could tariffs have a devaluatory effect on the US Dollar?

If so, bitcoin stands to gain ground even faster than it is now.

See here:

“It’s a bit of a double-edged sword,” said Tannuzzo at Columbia Threadneedle. “The dollar should ultimately strengthen in the short-term against the currencies affected by the tariffs; in the long-run, it could stay under pressure overall because it has to fund large and growing current-account deficits.”

When currency investors "take cover", it would be great if there was a currency that was immune to all this trade war chaos….

Oh wait.

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Bitcoin – The Currency of the Internet

China accepts that cash money may become obsolete despite banning Bitcoin

China still remains the biggest market for digital payments because of the popularity of tech platforms developed by giants like Alibaba Group and Tencent Holdings Ltd. Recently there was a rumor that Alibaba would join Bitcoin mining or even launch its own digital currency. The company founder …
Google Alert – bitcoin

China to Block Access to International Cryptocurrency Exchanges (

We know you heard this one before, but China wants to ban bitcoin…again. Only this time the government plans to use one of its most far reaching tools, the Great Firewall of China, to completely prevent anyone in the country from reaching foreign exchange sites. Unless they have the technical capability to bypass it, of course.
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Canada could become the world's bitcoin mining capital as China cracks down

China is home to the world's biggest bitcoin miners but is cracking down on the sector due to concerns about excessive energy usage. At the same time, Canada is actively courting bitcoin miners as regions like Quebec have excess power capacity. Other countries like Kazakhstan and Venezuela are …
Google Alert – bitcoin

South Korea to Cooperate with China and Japan on Regulation (

South Korean regulators are seeking cooperation with counterparts from Beijing and Tokyo to address cryptocurrency speculation. Six commercial banks have been targeted by Seoul authorities inspecting crypto trading. Korean experience is to help a possible trilateral approach to regulation.
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