Browsing tag: China

Mining Bitcoin, Profitable in the Future?

Bitcoin has come a long way since its infancy in 2008. According to a recent report published by the Cambridge Center for Alternative Finance, being a bitcoin miner has become incredibly lucrative in recent times. It should be noted that the way miners generate income is by solving cryptographic puzzles linked to bitcoin transaction blocks

China’s Central Bank applies new regulations to Bitcoin

Now it’s official. The People’s Bank of China is pushing for regulation by circulating new policies to the cryptong currency trading platforms operating in the country. As currency traders in the country expect exchanges to revive Bitcoin’s withdrawals, media reports suggest that the Central Bank has issued a directive, calling on the criptocurrency platforms to