RATE Group | Chinese Quarantines Cash To Stop Coronavirus, Not an Issue With Bitcoin
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Chinese Quarantines Cash To Stop Coronavirus, Not an Issue With Bitcoin

16 Feb Chinese Quarantines Cash To Stop Coronavirus, Not an Issue With Bitcoin

Posted at 16:55h in Bitcoin News by

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It has been reported that China has started a quarantine of its used bank notes to try to stop the spread of the coronavirus. Meanwhile, the crypto community began to pick up on the news commenting that the use of Bitcoin as a means of payment should fix the issue.

More confirmed cases of the epidemic outbreak

Hubei province, where Wuhan is located, recorded a dramatic spike of almost 15,000 new cases and 242 new deaths in just 24 hours after provincial authorities changed their method for diagnosing cases on Feb 13. Dovey Wan, founding partner of Primitive Crypto claimed on twitter earlier today that the government is underreporting the numbers.

BBC’s recent report informed of 2,009 new cases and 142 more deaths. According to the official figures, the total number of infected in the nation is above 68,000, and the death toll is at 1,665.

Effects on the crypto market

Chinese crypto mining facilities allegedly being shut appears to have had little to no impact on Bitcoin (BTC) network…

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