The $150 million bitcoin mine could become the world's largest – surpassing Bitmain's, whose own mega mining operation is in the same Texas town.— CoinDesk (@coindesk) November 20, 2019
Report by @realDannyNelson https://t.co/d3toKO1mEz@northernbtc @WhinstoneUS @GMOGroup
* The US Federal Reserve is looking at the possibility of a central bank digital currency. While the US central bank is contemplating whether a digital currency would offer benefits to the US, Fed Chief Jerome Powell said that there are still concerns that needs to be addressed like law, monetary policy, financial stability, regulation, and operations. The digital dollar may also pose concerns regarding security and IT, i.e: record of transactions.
The Fed concluded that they have not yet identified potential material benefits of a central bank digital currency relative to the existing monetary policies/tools.
* Global cryptocurrency exchange Binance has acquired WazirX, one of India's biggest crypto exchanges. Starting November 25, Indian citizens will be able to buy and sell cryptocurrencies using Indian rupees (INR) on the Binance Fiat Gateway. WazirX's P2P engine will also be integrated into the Binance Fiat Gateway platform sometime in Q1 2020. The integration will allow users to trade any crypto on Binance with the purchase of USDT from the WazirX P2P platform.