China’s Bitcoin hash power fell before the crackdown: Cambridge data
Cambridge research shows that China’s Bitcoin mining power fell by 40% before the crackdown, while the United States’ hash power has quadrupled. Go to Source Powered by WPeMatico
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China’s Anhui Province to Shut Down Crypto Farms as Grid Operator Issues Closure Notice, Reports
Anhui has reportedly become China’s latest region planning to end cryptocurrency mining. The province is going to shut down all mining facilities due to power supply shortages, according to local media. Another source revealed that the state-run network operator has issued a closure notice for bitcoin farms across the country. Anhui to Halt Bitcoin Mining … Read more
Bitcoin mining ban an easy decision for China, says Bitmain EMEA partner
Half of what was lost due to China’s crackdown on Bitcoin mining will not ever go back online, Phoenix Store’s CEO says. Go to Source Powered by WPeMatico
Ukraine Uncovers Country’s Largest Illegal Mining Farm to Date
The Security Service of Ukraine (SBU) has located a massive coin minting facility that was illegally connected to the power grid in Vinnytsia. Law enforcement officials claim it’s the largest underground crypto mining farm they have found so far. Ukraine Seizes Thousands of Video Game Consoles Mining Crypto With Stolen Electricity Ukraine’s main law enforcement … Read more
From mining to software: China’s regulatory crackdown on crypto continues
Financial institutions, crypto miners, and now software companies — where will regulators in China move to strike next? Go to Source Powered by WPeMatico
China proves Bitcoin is an unstoppable machine: Bitcoin Center founder
Bitcoin price goes up once regulatory setbacks are digested by the crypto community, Zap Procotol co-founder Nick Spanos says. Go to Source Powered by WPeMatico
China crypto ban a ‘huge opportunity for Canada,’ mining group head says
The diversified location of Bitcoin mining facilities following China’s crackdown is great news for the rest of the world, iMining CEO Khurram Shroff says. Go to Source Powered by WPeMatico
Hydropower Stations Up for Sale Amid China’s Crackdown on Crypto Mining
Small hydropower plants have been put up for sale in China as demand for their cheap energy decreases following the government’s crackdown on crypto miners. Just as with mining rigs, their prices have been going down, leaving owners with limited options to recoup their investments. Ads for Hydropower Plants Appear on Xianyu Marketplace Advertisements for … Read more
China’s Oldest Exchange Exits Bitcoin Business Amidst Regulatory Pressures
BTCC, ostensibly the first cryptocurrency exchange established in China, exited the bitcoin trading business last week. According to statements, this was the result of the continued regulatory pressure Beijing is exerting on cryptocurrency businesses. The company will now transition to blockchain-related endeavors. BTCC Closes Its Exchange Business BTCC, the company that once ran the most … Read more
Ontario Crackdown on Crypto Exchanges Continues With Binance Leaving the Province
Cryptocurrency exchange Binance will no longer provide services in the Canadian province of Ontario. The decision comes amid ongoing regulatory pressure on digital asset trading platforms that has already affected the operations of several exchanges. Crypto Exchange Binance Exits Canada’s Ontario Binance, which is one of the world’s leading cryptocurrency exchanges by daily volume, has … Read more
