North Korea Plans to Launch Cryptocurrency to Bypass Economic Sanctions

News 2019-09-20 13:38:17 11 0 0

A North Korean official claims that a Democratic People’s Republic of Korea (DPRK) cryptocurrency is on the horizon. According to a delegate for the Committee for Cultural Relations, Alejandro Cao de Benós, the country plans to forge a token backed by a physical commodity like gold and the digital asset’s main purpose will be used to bypass U.S. and international sanctions.

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Chinese Bitcoin Miners Migrate North After Wet Season

Chinese Bitcoin Miners Migrate North After Wet Season

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A China-based crypto news outlet recently published a comprehensive report on the costs associated with building a digital currency mining farm in China. Additionally, the local publication revealed that Chinese miners are starting to migrate north to access cheap thermal power and wind power after the wet season in Sichuan.