Bitcoin could address the cash savings crisis in Hong Kong and India

2019-10-8 22:52

With Hong Kong facing a shortage of cash due to defunct ATMs and the crash of PMC Bank in India leaving almost a million people without access to their accounts, Bitcoin could emerge as the savior of those facing financial crises.

Crisis in Hong Kong and India show how fragile cash savings are The four-month-long […]

The post Bitcoin could address the cash savings crisis in Hong Kong and India appeared first on CryptoSlate.

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kong cash → Результатов: 49


Bitcoin as protest: Hong Kong demonstrators withdraw their money from banking system

Protesters in Hong Kong have taken to a new non-violent tactic, withdrawing cash in mass from ATMs and banks and converting it to U.S. dollars—foreshadowing things to come for Bitcoin. On Aug. 16, protesters in Hong Kong announced plans to withdraw their cash from the banking system in protest of overreach from mainland China, reported […] The post Bitcoin as protest: Hong Kong demonstrators withdraw their money from banking system appeared first on CryptoSlate.

2019-8-19 14:17


Cash Is King In Hong Kong As Thousands Choose Financial Privacy

Hong Kong is waking up to the benefits of financial privacy using cash, reports claim, as protesters seek to hide their movements and identity. Hong Kong Pays Cash To ‘Avoid Tracking’ According to various reports surfacing on social media this week, participants in the ongoing rallies against the Hong Kong government are choosing to abandon payment methods which could track them.

2019-6-12 12:00


Hong Kong Crypto Mining Marketer Accused of Fraud in ‘Filecoin’ Investor Scheme

January 6th, South China Morning Post (SCMP) reported on a possible investment scheme created by Wong Ching-kit that may have duped Hong Kong based investors out of millions. The “Coin Young Master” (Wong) runs various online groups to promote cryptocurrencies, from Facebook pages to the self-proclaimed co-founding of “File Cash Coin”. He is being accused […]

2019-1-7 21:33


Crypto VC Suggests Bitcoin Cash and Litecoin Could Be Ruined Thanks To Bitmain Layoffs

Bitmain, the Chinese mining hardware manufacturer who recently applied for listing on the Hong Kong Stock Exchange, has laid off around half of their employees, the company confirmed in a statement: “There has been some adjustment to our staff this year as we continue to build a long-term, sustainable and scalable business.

2018-12-28 00:05


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