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...
In what it says is a bid to prevent and control financial risks, the top echelon of the Chinese government has indicated their administration’s resolve to, among other things, combat Bitcoin mining and trading behaviour as they issued yet another stern warning against crypto mining in China. ...
The public can now report mining activities in the Inner Mongolia area to the government if they want. In February, Inner Mongolia requested a complete shutdown of all crypto mining activities. Now, according to information coming out of the autonomous region’s energy consumption dual-co...
According to the latest reports coming from China, there has been, yet again, a significant drop in the overall Bitcoin hash rate from some of the biggest pools operating in the country. Colin Wu, a regional reporter posting on the Wu Blockchain Twitter channel, shared a screengrab showing t...
The Chinese holding company that once provides marketing data, technology and solutions but later started crypto mining is now about to run its own crypto exchange. SOS Limited, formerly known as China Rapid Finance Limited, says its US and Canadian subsidiaries have obtained money s...
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