Hot search keywords

Hot search keywords

Tag Archives: bitcoin mining

China Officially Adds Crypto Mining to Elimination Category

Jan 10, 2022

Olusegun Ogundeji

The Chinese government has officially included cryptocurrency mining in its list of industries that should be eliminated. China’s state planner, the National Development and Reform Commission (NDRC), in its communication No. 49 dated December 30, 2021 but made public this week, notes t...

How Secret Bitcoin Miners Elude The Government in China

Dec 21, 2021

Contrary to earlier reports that cryptocurrency mining has been eliminated from China, recent data shows that up to 20% of the global Bitcoin hashrate is still resident in the country. Even though this is a significantly lower value than the number before the implementation of the 2021 cryptocur...

China Doubles Down on Cryptos’ “No Real Value” Position

Aug 30, 2021

Olusegun Ogundeji

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 ...