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Tag Archives: crypto mining

Chinese Miners Look Into Green Energy As Government Ramps Up Pressure

Jun 18, 2021

China’s path towards reducing its carbon footprint has left the Bitcoin mining industry in shambles. With some estimates showing that over 65% of all Bitcoin mining is concentrated within China, this goes beyond just a problem for miners and becomes a significant problem for the entire crypto ...

After Filecoin and Chia, Swarm Mining Is Taking China By Storm

Jun 9, 2021

The controversy surrounding Filecoin and Chia mining is yet to leave the mainstream media, but it seems that another mining craze has already taken China by storm. Swarm, a distributed storage project that claims to have direct ties to the Ethereum Foundation, has become the latest obsession ...

Push for Crypto Mining Continues Despite China Crackdown

Jun 4, 2021

Olusegun Ogundeji

Amid Chinese authorities’ recent change of attitude to crypto mining activities in China, internet company The9 says it has now finalised work with Montcrypto on an agreement to build a carbon-neutral mine with a 20MW power infrastructure in Alberta, Canada. The idea of a 20MW po...

China’s Impact on Crypto Market Lessens After Weekend Lows

May 25, 2021

Olusegun Ogundeji

The market impact of China’s call for the need to tighten regulation on cryptocurrency trading and mining to protect the financial system is now wearing out. The renewed warning by China’s State Council on Friday May 21 sparked a widespread sell-off which saw the value of many crypto as...

China’s Code Chain Takes HQ, Crypto Mining to Dubai

Apr 23, 2021

Olusegun Ogundeji

The move by China’s Code Chain to meet the demands of its mission of cryptocurrency expansion is taking the company to the United Arab Emirates (UAE), its recently-appointed Chief Strategy Officer, Ryan Xu, has confirmed. He said they have decided to move their head office to Duba...

From SOS to Ebang, Short Seller Firm Alleges Capital Fraud

Apr 9, 2021

Olusegun Ogundeji

Following its episode with SOS Ltd, short-seller Hindenburg Research has opened another chapter of its market scrutiny saying it has taken a short position in shares of Ebang International Holdings based on certain allegations. The forensic financial research outfit alleges that Ebang h...