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Tag Archives: Bitcoin

Canaan in Record Over 200% YoY 2021 Sales Increase

Mar 4, 2022

Olusegun Ogundeji

China-based chip producer, Canaan, has shown in its 2021 unaudited full-year financial results that it sold a total computing power of 22.3 million Thash/s which equates to a year-over-year increase of 238.5%. The huge leap from 2020’s 6.6 million Thash/s total sale - impacted by the global p...

Carbon Emission Risen Since China’s Crypto Mining Ban – Study

Mar 4, 2022

Olusegun Ogundeji

China’s exit from the cryptocurrency mining space may not have abated the carbon footprint left behind by the industry, a new study has suggested. Rather, it has increased the emission since China - which used to have the largest concentration of crypto miners - banned related activities last ye...

Bitcoin Hash Rate Nears Full Recovery From Chinese Clampdown Impact

Dec 9, 2021

Six months after falling to significantly low levels, the global hash rate of the Bitcoin network has made a full recovery. Following a clampdown on the industry by China, Bitcoin mining companies were forced to shut down operations. This resulted in a collapse of the network’s hash rate, whi...

Chinese Government Seize BTC ETH USDT in Crypto Crackdown

Nov 23, 2021

The government of China has continued with the enforcement of the ban on cryptocurrencies. The enforcement has been diligent, leaving no stones unturned. Any venture that is crypto-related discovered by the government to operate within the borders of China immediately faces the wrath of the law...

The Main Reason Behind China’s Crypto Ban

Oct 26, 2021

China banned the use of Bitcoin and other cryptocurrencies within its financial system and geographical space. Not only did it ban the use of cryptocurrencies, but it also moved to put a stop to all activities related to the new technology, including cryptocurrency mining and trading. While t...

Evergrande Crypto Crisis in China Hurts Crypto Market

Sep 23, 2021

Bitcoin price fell below $40K for the first time since August along with other cryptocurrencies. This drop appears to be contagion from the falling equity market, amidst fears that Chinese real estate giant Evergrande could slide into bankruptcy.  Evergrande, at the time of writing, remai...