2020-9-11 03:34 |
Mining operations in China were not adversely affected by the heavy rains.
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Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen electrical shortages and the aftermath is causing quite a bit of stress for Chinese bitcoin miners.
2020-8-19 20:30 | |
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Bitcoin mining pools in China, including large and mid-sized operations, are seeing their daily hashrate drops by “10 to 20 percent” following monsoons in Sichuan, reported Coindesk on Tuesday. Rain Spoils the Day The Sichuan province is said to control over 50% (even 60%) of Bitcoin’s total hashrate.
2020-8-18 15:00 | |
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Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining facilities are taken out by heavy rainfall and flooding, […] The post 2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners appeared first on Bitcoin News.
2020-7-24 03:00 | |
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China's Blockchain Service Network Alliance has announced a split into two independent operations. This split is believed to have been brought about by differences in ideologies regarding the potential integration of public chains.
2020-7-22 17:21 | |
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The power tussle in the largest Bitcoin miner maker, Bitmain, is now threatening to essentially hard fork its operations for the production of AntMiner equipment. On July 16, one of Bitmain’s co-founder, Wu Jihan registered a new firm in Shenzhen, China.
2020-7-21 21:32 | |
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The G20, an international forum formed by the governments and central banks of 19 nations and the European Union in September 1999, has revealed plans to integrate digital currencies into its operations.
2020-7-14 23:07 | |
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The U. S Senate sanctions that were passed in response to the Hong Kong security law might affect crypto brokerage operations. Dubbed the ‘Hong Kong Autonomy Act,' this senate bill aims to reprimand China for eroding the city's autonomy, which had long favored its position as a financial hub.
2020-7-9 21:46 | |
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The transparency of blockchain operations means it is easy to pinpoint false information, thereby bolstering credibility, safety, and efficiency. Supply chain focused blockchain project VeChain has emerged as a go-to platform for traceability.
2020-6-3 20:07 | |
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China’s Tencent is reportedly planning to invest about $70 billion in emerging technologies like the blockchain and artificial intelligence (AI) as part of a tech-focused upgrade of its operations.
2020-5-27 18:20 | |
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The Cambridge Centre for Alternative Finance has released a tool that shows the distribution of Bitcoin hashing power around the world. Whilst the data is far from perfect, it provides a clearer picture than ever into where the largest concentrations of mining operations are in both China and the rest of the planet.
2020-5-9 04:15 | |
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The local government of Ya’an city, in China’s Sichuan province, has announced the region is encouraging bitcoin mining in Sichuan if operations leverage the local hydropower plants. The document released by Ya’an city officials is in stark contrast to how Sichuan lawmakers felt about mining in 2018.
2020-4-29 01:30 | |
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Coinspeaker President Trump Wants to ‘Open the Country Up’, U. S. Coronavirus Cases Surpass China and ItalyCurrently, the United States has more confirmed cases than Italy and China but President Trump wants to open up the country in order to see business operations returning to normalcy.
2020-3-28 20:17 | |
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While China has long dominated Bitcoin mining, new operations in the U.S. are poised to pull the industry further West.
2020-2-27 19:00 | |
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Coronavirus continues to make global headlines and hamper a number of companies with business operations in China. But how does the deadly epidemic impact the world's leading tech giants – Apple and Samsung? The post Apple Vs.
2020-2-24 22:00 | |
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The coronavirus has affected many aspects of life in China. Contrary to what most people assume, it can affect Bitcoin mining operations as well. One mine located in a remote suburb has been shut down as a precautionary measure.
2020-2-7 02:00 | |
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Chinese authorities have revealed that the country’s Blockchain Services Network (BSN), a project that has been under development since last year, with an aim to provide the masses with a platform to easily deploy their distributed ledger technology (DLT) applications without having to create their own private networks, will officially commence operations in April 2020,Read MoreRead More.
2020-1-7 16:00 | |
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Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies.
2019-12-28 23:05 | |
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China’s latest crackdown on the crypto industry has caused at least five of the local exchanges to shut down their operations or they will no longer cater to domestic users this month. After President Xi Jinping publicly promoted blockchain technology creating a market frenzy that has the Chinese regulators stepping up their scrutiny. A couple […]
2019-11-29 17:30 | |
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The China-based IDAX exchange caused jitters after suffering withdrawal troubles in the past days. But it turns out the backlog of withdrawals is most likely due to the company’s decision to leave the market in mainland China.
2019-11-26 18:29 | |
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The number of job vacancies in the crypto industry is growing but fewer people are searching for them, according to a major U. S. job listing website. Thousands of jobs relating to Bitcoin, cryptocurrency, and blockchain technology are currently available as new employers seek to enter the space and existing players expand operations.
2019-11-11 18:10 | |
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Despite the long-standing ban on Bitcoin trading, China continues to be a breeding ground for cryptocurrency mining operations — statistically speaking. As BeInCrypto has previously covered, Chinese Bitcoin miners dominate an estimated 65 percent of the total network hashrate — with others, including the United States and Russia, lagging far behind with roughly five percent […] The post More Chinese Bitcoin Miners Flock to Sichuan as Demand Soars appeared first on BeInCrypto.
2019-11-1 21:29 | |
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Comedy Central, which is owned by Viacom (NASDAQ: VIA), has refused to kowtow to China after an episode of its animated show “South Park” was deemed critical of regulators in the world’s most populous country.
2019-10-8 21:00 | |
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The Huawei Mate 30 Pro will ship without the Google Play store. This, of course, is no surprise. The Chinese tech giant is currently on a US entity list, which prohibits US-based companies from doing business with it.
2019-9-19 19:50 | |
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China’s Inner Mongolia autonomous region is carrying out an inspection to eliminate “illegal” bitcoin mining operations by October.
2019-9-18 21:59 | |
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Authorities in China’s autonomous region of Inner Mongolia released a notice requiring local cryptocurrency mining firms to stop their operations, according to ChainNews. Is Inner Mongolia Starting a Trend Among China’s Authorities? China has enjoyed that status of the world’s hub for cryptocurrency mining since it hosts a good share of crypto miners who’re looking for cheap electricity.
2019-9-16 16:00 | |
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GXChain, one of the most highly rated blockchain projects in China, was recently raided by Chinese authorities. The price of the project’s native token GXC plummeted in response to the news. Police crack down on GXChain On Sept.
2019-9-13 21:06 | |
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China’s government may have a dim view of decentralization, but cryptocurrency trading continues. Crypto Briefing recently caught up with Dillon Song, Global Operations Manager at BaseFEX, a Beijing-operated crypto derivatives exchange.
2019-9-8 21:00 | |
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Sichuan province in China is well known for being a mining hub, thanks to the abundance of clean hydroelectricity available in the region at dirt cheap prices. However, the availability of cheap clean energy has also made the province a growing hub for illegal mining activities.
2019-8-22 02:30 | |
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Rampant flooding in China’s Sichuan province has had a catastrophic effect on some of the world’s leading bitcoin mining operations. The post Major Flooding Disrupts Chinese Hydro Power, Bitcoin Mining appeared first on Bitcoin Magazine.
2019-9-6 00:21 | |
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Heavy rainfall in China’s Sichuan province has triggered land and mudslides leading to various local hydropower stations and Bitcoin mining farms to suspend their operations. Sichuan’s mountainous areas of Aba prefecture has been receiving heavy rains since Monday and local government now says landslides have now affected 17 counties in the area. There are several […]
2019-8-21 20:14 | |
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Heavy rain has resulted in mudslides in China’s Sichuan province, disrupting bitcoin mining operations in the area and forcing some hydroelectric power plants to stop generating electricity.
2019-8-21 19:23 | |
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A severe rainstorm in China's southwest has led to fatal mudslides, causing some local hydropower plants and bitcoin miners to halt operations.
2019-8-21 13:10 | |
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Enterprise software and application creator for the SingularityNET Platform, Singularity Studios has officially signed a partnership agreement with state-owned, People’s Insurance Company of China’s fintech branch reports Crypto Briefing.
2019-8-19 16:49 | |
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As sanctions imposed by the United States continue to bite reducing government revenues and widening the budget deficit, Iran has turned its ire to Bitcoin mining operations in the country that are mooching off the country’s heavily subsidized power.
2019-6-29 14:35 | |
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This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin.
2019-5-29 18:53 | |
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CryptoNinjas Binance and Huobi are two prominent cryptocurrency exchanges that were originally founded in China. Once China decided to shut down exchanges, Binance and Huobi both had to relocate in order to continue operations.
2019-5-6 07:12 | |
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New technologies such as artificial intelligence (AI) and blockchain are increasingly being used in the law industry to make it more efficient and transparent, said Zhang Wen, president of Beijing Internet Court, at the China Intellectual Property Protection (CIPP) Forum 2019.
2019-4-27 17:00 | |
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Cryptojacking — the process of infecting computers with malware to mine cryptocurrency — has declined alongside prices during cryptowinter. But like any dextrous organism facing extinction, the virus and its propagators are adapting.
2019-4-27 22:07 | |
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The recent bitcoin rally has driven bitcoin mining profits. Profits earned from bitcoin mining have seen a clear rise since the start of April 2019 and hit a near half-a-year high on April 15, 2019.
2019-4-23 19:35 | |
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They’re doing it in British Columbia, Quebec, Manitoba, Alberta and Labrador — bitcoin miners in Canadian provinces are taking advantage of the country’s cool climate and abundant supplies of hydroelectric power.
2019-4-17 20:52 | |
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Part 2 of China’s regulatory history with cryptocurrency exchanges and communication channels. Exchanges & ICOs Wiped Clean The PBoC began 2017 by initiating regulatory checks on Bitcoin trading platforms in January to survey operations to ensure they were in compliance with regulatory protocols, backing their earlier opinion that Bitcoin or any form of virtual currency […] The post Taming the Chinese Dragon: Movement and Communication attacked; regulation vows to cripple industry appeared first on AMBCrypto.
2019-4-15 16:45 | |
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This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.
2019-4-11 23:38 | |
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Chinese e-commerce heavyweight, Alibaba is making active plans to integrate the revolutionary distributed ledger technology into its operations to simplify its complex cross-border supply chains according to reports published March 6, 2019.
2019-3-8 04:12 | |
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Didi Chuxing, the ride-hailing and transport service based in China, has outlined steps to commence a firm-wide layoff that is expected to affect 15% of its total workforce after suffering a reported $1.
2019-2-21 15:06 | |
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Bad news for Donald Trump as Britain and Germany won’t be joining the United States in its crusade to crush Huawei’s operations, but they do need guarantees from the Chinese firm. It seems both countries are not interested in getting caught in the dispute between the U.
2019-2-20 19:48 | |
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The drop in the price of Bitcoin has rendered a large percentage of mining operations unprofitable, with only low-cost mines in China operating without losses, Bloomberg reported on January 25, 2019.
2019-1-26 20:00 | |
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Huobi is back in Japan, this time as a fully regulated exchange under Japan's Financial Services Agency (FSA). Following its merger with BitTrade, Huobi Japan Holding Ltd.
2019-1-19 19:03 | |
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Chinese crypto mining juggernaut Bitmain has taken a substantial hit in the recent crypto crash, leading to negative consequences for the company on many fronts. Just today, a source has confirmed with Bitcoin Magazine that the company is shutting down its offices in Amsterdam.
2019-1-15 00:45 | |
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The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.
2018-12-29 21:20 | |
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Massive demand for a China-listed gold ETF sent its premium soaring to 30% earlier this week.
The Chinese government has unveiled an ambitious project titled “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative,” with Conflux Network leading the charge.
A National People’s Congress member has submitted a proposal advocating for expanding blockchain infrastructure to bolster China's government services and economic sectors.
Bitcoin is trading at a premium in many of the world's currencies because of their relative weakness to the USD
Chinese investors are in panic mode as their stock markets crash. Some are turning to bitcoin’s store-of-value and exciting investment thesis.
Experts predict the global quantum computing sector will have grown from about $930 million in 2023 to $6.5 billion by 2030, but some global markets may be better poised for growth than others.
Dtcpay, formerly Digital Treasures Center, is MAS-registered and already provides some point-of-sale and online crypto payment services.