Category: Finance

China’s Coal Standoff Causes Power Shortages, Chinese Bitcoin Miners ‘Heavily Affected’

China’s Coal Standoff Causes Power Shortages, Chinese Bitcoin Miners ‘Heavily Affected’

Regional reports from China detail that bitcoin miners located in certain areas in South China are running short on electricity. The country has been having massive issues with coal prices soaring across the mainland, as the Chinese government hasn’t been allowing coal carriers into ports. Because of the sweeping electrical shortages, mining activities have been…

Mt. Gox Trustee Submits Rehabilitation Plan — Creditors May Soon Be Repaid 150,000 Bitcoins

Mt. Gox Trustee Submits Rehabilitation Plan — Creditors May Soon Be Repaid 150,000 Bitcoins

  Mt. Gox trustee Nobuaki Kobayashi has finally submitted a draft rehabilitation plan to a Japanese court — meaning former users of the long-defunct crypto exchange may now look forward to getting paid someday. Kobayashi, the Japanese bankruptcy lawyer appointed to oversee the repayment of investors, submitted the plan to the Tokyo District Court on…

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