News Snapshot:
Speaking at a virtual event for the Richard Nixon Foundation on Tuesday, PayPal co-founder Peter Thiel cautioned that China could potentially use Bitcoin as a "financial weapon" against the U.S., Bloomberg first reported . Thiel, a well-known proponent of cryptocurrency, appeared to tamper down his enthusiasm surrounding digital currency when speaking on U.S.-China relations. Related: The Chinese challenge to Bitcoin is ready. The Central Bank distributes 1.5 million dollars in e-yuan "Even though I'm a pro-crypto, pro-Bitcoin maximalist person, I do wonder whether if at this point Bitcoin should also be thought of in part as a Chinese financial weapon...
