China is on a massive bitcoin buying spree, with the US and Brazil coming in a distant second and third. Fiatleak has a live map. Bitcoin is currently trading at $902. Last year at this time it was trading at $424.
Experts said the rise in value was linked to the long-term depreciation of the Chinese Yuan.
The Chinese currency has dropped about 7% in value during 2016, said Reuters. The majority of Bitcoin currency trading takes place in China as it allows people to skirt restrictive local laws that limit how much money Chinese people can swap.
Stock investors who are reeling after today’s disaster on Wall Street can take comfort in the fact that people hodling Bitcoin fared even worse. The price of a bitcoin dropped from $7900 to $4900 in less than a day. From Coindesk Nearly $63 billion has been wiped from the markets as the total market capitalization […]
“CoronaCoin” exists. Some cryptocurrency developers on 4Chan cooked up a digital coin that allows traders to bet on the global coronavirus outbreak, based on how many people become infected and/or die.
At this point, it’s every single person’s responsibility to reduce their own carbon footprint and transition to a more sustainable lifestyle. But if you consider the grim fact that the biggest culprit of greenhouse gas emissions from human activities in the U.S. is burning fossil fuels for electricity, things, like pivoting to metal straws and […]
Companies that don’t have their own in-house design teams (which means 99 percent of all companies these days) face lots of serious questions. Among those questions is how you keep up with all the design requirements of a 21st-century company without the personnel. It isn’t just a website or an annual product catalog anymore. It’s […]
In case you’re one of those computer shoppers who instinctively turns up their nose at the very mention of the word refurbished, here are a couple myths worth dispelling. Refurbished equals junk somebody didn’t want. While desktops, laptops, notebooks, Chromebooks and tablets marked as refurbished may have been unboxed at some point, meaning they can […]