Day: August 5, 2020

Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Says ‘Three Gorges Dam Collapse Imminent’

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This week cryptocurrency enthusiasts are still focused on the severe flooding in China during the 2020 monsoon season. The flooding has already displaced millions of Chinese citizens and skeptics are concerned about the vast number of bitcoin miners located in the Sichuan province. The landlocked province in Southwest China, Sichuan is located upstream of the Three Gorges Dam. During the last two months, the 2020 monsoon season ravaged the region. Reports note that by the end of June, flooding from the rainy season has displaced 744,000 Chinese residents stemming from…

Even Though Chainlink (LINK) Spiked to $9, Dave Portnoy Isn’t Buying It

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It’s been an explosive past few days for Chainlink (LINK), despite the implosion Bitcoin saw on Saturday evening. As reported by NewsBTC, the price of the popular altcoin surmounted $9 for the first time ever on Monday. The asset reached a local high of $9.40 at the time of our report, around 5% above the previous all-time high of $8.94. Blockchain analytics firm Santiment suggested that the surge came on an uptick of trading volume and social sentiment. While Chainlink’s price action is impressive, it isn’t convincing Barstool’s Dave Portnoy…

Missouri Man Pleads Guilty to Trying to Buy Chemical Weapons With Bitcoin

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A 45-year-old Missouri man pleaded guilty on Tuesday to charges related to his trying to buy chemical weapons on the dark web using $150 in bitcoin. Read the plea deal below: Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Original