Business
‘Financial weapon’: Bitcoin becomes another factor in China-US contest – Sydney Morning Herald
Bitcoin’s value is going through the roof. But investors and analysts are divided over how cryptocurrencies will play out in global politics.
Of those figures, 36 per cent takes place in Xinjiang, the province where the Muslim minority Uighurs are subject to what the US considers to be genocide. Bitcoin mining is the energy-intensive process in which networked computers verify the cryptographic puzzle of the digital coin, earning a portion of the tokens value.
But bitcoin, a decentralised cryptocurrency, is designed to flourish outside the control of any government, including Beijings.
China isnt likely to support bitcoin, especially…
-
General21 hours agoAs Iran-Australia relations plunge to a new low, Tehran faces another diplomatic setback
-
Noosa News18 hours agoBrisbane nation’s third-youngest capital; Leaders condemn anti-immigration rally
-
General23 hours agoUS CDC boss Susan Monarez refuses to quit, defying Trump’s White House
-
Noosa News8 hours agoPill checking to resume in Queensland months after government axed funding