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

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...

Sichuan Energy Regulators Set to Meet in June to Discuss Bitcoin Mining

May 28, 2021

The latest nationwide crackdown on cryptocurrency mining in China has raised questions about the sustainability of Bitcoin’s current hash rate and has sparked a global market downturn. With rumors circulating that China’s central government plans on outlawing Bitcoin mining in Sichuan, Xin...

China’s Impact on Crypto Market Lessens After Weekend Lows

May 25, 2021

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

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...

SOS Beats Q1 Crypto Mining Operation Target, Progresses in US Market Entry Move

Apr 15, 2021

One of China’s newest crypto mining players, SOS Limited, continues its inroad into the US market after a fraud allegation episode with the news of surpassing its projected mining operations target for Q1 2021.  The emerging blockchain-based and big data-driven marketing solution provide...

From SOS to Ebang, Short Seller Firm Alleges Capital Fraud

Apr 9, 2021

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...

China’s SOS Targets 41 BTC, 909 ETH in Q1 ‘21 While Battling to Save Brand

Mar 17, 2021

SOS Limited has Monday March 15 announced its installation of a second fleet of 5,000 cryptocurrency mining rigs in what seems like another move to assure the credibility of its brand following a scathing allegation of fraud on its crypto mining operation. Short-sellers Hindenburg Research ...

China Crypto Roundup (Feb.15-Feb.21): Several Listed Companies Increased Investment in Mining, Well-known Investor Bought Bitcoin ETF

Feb 22, 2021

1. 500.com announced acquisition of Bitmain's spin-off BTC.com mining pool On February 16, 500.com announced that it would acquire BTC.com mining pool, which Wu Jihan spin-off from Bitmain, for about 10% of the shares, including the entire mining pool business of BTC.com, the BTC...