China is set to establish a normal working mechanism to maintain a high-pressure situation in its continued effort to combat cryptocurrency-related transactions, local media has reported. The People’s Bank of China (PBoC) Deputy Director of the Financial Consumer Rights Protection ...
The recent crackdown on Bitcoin miners’ activities in China forced the Bitcoin hash rate into a nosedive over the last few days - from 36 million per second (mps) in July 2018 to 180 mps in May 2021 and now to 90 mps. It has also drawn further attention to the environmental issues associated...
Recent Bitcoin predicaments have been compounded by the series of bans being carried out in China. Significant among these bans is the abolishment of mining activities within the country. The order to shut down Bitcoin mines has had a direct effect on the Bitcoin and cryptocurrency market, le...
Renowned for having invented the world’s first application-specific integrated circuit (ASIC)-powered Bitcoin mining machine, Canaan has announced its business' first diversification attempt into crypto mining in Kazakhstan with their latest Avalon Miner units already in operation. The m...
Despite the several disadvantages besetting the expansion of his Bitcoin mining operations to the United States following China’s renewed crackdown on their business, a well-known Chinese bitcoin miner says he is still considering opening Bitcoin farms in Tennessee and Texas. In an int...
After several weeks of controversies surrounding China’s crackdown on Bitcoin mining, the crypto industry woke up on June 9th to find that the small Latin American country of El Salvador has become the first country to accept Bitcoin as legal tender. Just days after it was first announced...
While many experts have dismissed the recent rumors around a government crackdown on Bitcoin mining in China, it seems that miners operating in the country have already begun pulling out anticipating the worst. As instant changes in Bitcoin’s hash rate are notoriously hard to detect and pre...
In the wake of Beijing’s renewed call for a crackdown on Bitcoin mining on Friday May 21, an investment research engine that provides insights and thematic views across the space has made some projections for the global crypto mining industry. Galaxy Digital Research, which serves Galaxy ...
In the face of the clampdown on cryptocurrency mining and other crypto-related activities in China, affected companies are moving out of the region. As a result of this, BIT Mining Limited, one of the leading mining companies in China that are listed on the New York Stock Exchange (NY...
The entire crypto industry has taken a massive this month when the price of Bitcoin dropped more than 40%. And while industry experts have been debating as to who’s to blame for the market’s biggest drop in a year, many have pointed their fingers at China and the regulatory uncertainty regardi...
English
Chinese
