How Chinese Cryptocurrency Crackdown Could Be A Blessing For This Neighbouring Country

Laos, a small neighboring country to the South of China, and sandwiched between Vietnam, Thailand, and Cambodia is preparing to reap from the losses incurred by China’s extended crypto crackdown. дальше »

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Crypto Assets Worth $60 Million Seized By Chinese Police In Filecoin Ponzi Scheme Case

Local police from the Fengxian district country Bureau in Shanghai China have arrested 31 people for alleged illegal pyramid schemes. During the crackdown, police seized over 400 million yuan ($62. дальше »

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After a crypto crackdown, is China going after NFTs and their promoters

The Cambridge Bitcoin Electricity Consumption Index showed that China held 0% of the average monthly hashrate share in August. After this, many concluded the country had done away with crypto for goodThe post After a crypto crackdown, is China going after NFTs and their promoters appeared first on AMBCrypto. дальше »

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Trillion Dollar Mistake: Is China Planning To Reverse Crypto Ban?

Earlier in the year, China had embarked on what is considered the biggest crypto crackdown to date. The country has had a tumultuous relationship with the crypto space in the past, announcing various bans. дальше »

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China's Central Bank's Former President Introduces Reason Behind Country's Crypto Crackdown

Former president of People's Bank of China believes that traditional cryptocurrencies cannot become a convenient payment tool inside of traditional economic systems дальше »

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Bye-Bye China FUD: US Takes Over Bitcoin Mining

China’s crackdown on bitcoin and crypto mining has been a pain point for the market this year. The country which had decided to excise its regions of bitcoin mining operations had caused major FUD which dragged the market down with it. дальше »

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From Grace To Grass: Chinese Bitcoin Hashrate Drops To Zero

For nearly a decade, China had dominated the Bitcoin mining scene and contributed as high as 75% of global mining hash rates. Chinese Bitcoin hash rates have fallen to zero following a heightened crackdown from the country’s regulatory agencies. дальше »

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How the U.S. became the world’s biggest Bitcoin mining hub

China’s Bitcoin (BTC) crackdown drove the lucrative business out of the country and helped establish the US as the heart of the mining operations, data from the Cambridge Centre for Alternative Finance reveals. дальше »

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Binance delists CNY trading zone as it stops services for Chinese users

Binance had to pump its brakes on operations in China amid the growing crackdown in the country. Following the decision to wind down services in China, Binance has now announced it is delisting the C2The post Binance delists CNY trading zone as it stops services for Chinese users appeared first on AMBCrypto. дальше »

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China: 4th Largest Ethereum Mining Pool to Shutter Its Operations Amid Rising Regulatory Concerns

Chinese regulatory crackdown on crypto continues to force crypto miners to leave the country for greener pastures elsewhere. BeePool Shutters Ethereum Mining Operations BeePool, a China-based Ethereum (ETH) mining pool that also holds the distinction of being the world’s 4th largest ETH mining pool in terms of hashrate recently announced it was shuttering its operationsRead More дальше »

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China’s Crackdown Hits Ethereum Hard As Authorities Shut Down Over 10,000 Mining Rigs

Ethereum is the most recent asset caught in the path of the bulldozing machine that is China’s crackdown on crypto and crypto-related activities. When the country had begun to crackdown on mining earlier in the year, much focus had been placed on bitcoin given that it was the most popular cryptocurrency in the market. And […] дальше »

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China crypto crackdown: 10,100 mining rigs confiscated in Mongolia

The Chinese government has intensified its efforts to ban cryptocurrency mining and trading in the country. China’s National Development and Reform Commission seized 10,100 crypto mining equipments from a government-operated tech park in Inner Mongolia as it continues its operations against miners in the region. дальше »

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China Blocks Crypto-Related Websites Amid Heightened Crackdown Measures

China is going even further into cracking down on cryptocurrencies in the country. It has decided to block access to CoinGecko, TradingView, and CoinMarketCap through its internet firewall. The three websites are major cryptocurrency-related websites. дальше »

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Authorities seize over 10,000 crypto mining machines in Inner Mongolia, China

China’s series of crackdowns on Bitcoin mining keeps making headlines within the crypto community. Parts of the country like Anhui and the Yunan Province announced their intention to crackdown on BiThe post Authorities seize over 10,000 crypto mining machines in Inner Mongolia, China appeared first on AMBCrypto. дальше »

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Renewed Harsh Crackdown: Chinese Government Declares All Cryptocurrency Activities Illegal

Chinese top regulators have today released a notice that clarifies their stance on cryptocurrencies. The notice specifies that digital currencies are not legal in the country, with the regulators pledging to crack down on the budding crypto industry. дальше »

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Bitcoin Banning China Keeps NFT-ing

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Data center operators have ‘no problem’ with new Russian crypto crackdown

As Russia works to “more clearly prohibit the use of cryptocurrency,” the country’s largest data center operators aren’t really worried. дальше »

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South Korean Crypto Investors Could Lose over $2.5 billion due to Regulatory Crackdown

With South Korean regulators set to shut down local cryptocurrency exchanges that fail to meet up the requirements before the deadline later in September, investors in the country could experience losses worth over $2. дальше »

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Nigeria's SEC forms Fintech unit to study crypto for future regulations

Regulatory crackdown on crypto has become quite prevalent in many parts of the world, including Nigeria. However, the country that homes one of the largest groups of crypto-traders in the world is nowThe post Nigeria's SEC forms Fintech unit to study crypto for future regulations appeared first on AMBCrypto. дальше »

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China’s Central Bank says Crypto Crackdown Completed and Now Back to Normal Supervision

“The battle to prevent and resolve major financial risks has achieved important phased results,” reads the translated version of the China Financial Stability Report 2021 from the country’s central bank. дальше »

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Does The Market Really Care About China’s Anti-Crypto Crackdown?

China’s sustained cryptocurrency crackdown has been intensified in recent months, sparking a major FUD amongst investors. A closer look into the details reveal that the crypto market is choosing to ignore the unsavory headlines from the most populous country in the world. дальше »

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Brazil’s Police Force Seizes 591 Bitcoin In Country’s Largest Crypto Seizure

The Brazilian Police Force confiscated 591 bitcoin amounting to 150 million Brazilian real (about $28.6 million) in a crackdown on a suspected fraudulent scheme. According to a CNN Brazil report, federal police as part of “Operation Kryptos” – an ongoing investigation of an alleged financial pyramid scheme arrested 5 persons in connection with the crime […] дальше »

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China’s high court proclaims that crypto is not protected by law

China has been making a lot of headlines in regards to the crypto industry this year, and more often than not, not for good reasons. The country has seen a number of its provinces crackdown on cryptocurrency mining, causing the miners to abandon their posts and seek out cheap electricity in other provinces, countries, and […] The post China’s high court proclaims that crypto is not protected by law appeared first on Invezz. дальше »

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Argentina president weighs Bitcoin legalization. But his government doesn’t agree

In a recent interview, the President of Argentina Alberto Fernandez said he sees no reason to push against crypto, but in contrast to his openness, the head of the country’s Central Bank, Miguel Pesce, prepares for a crackdown on the industry. дальше »

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Why did Huobi file 'resolution to dissolve' its entity in China

The stringent crackdown on cryptocurrency businesses and mining in China has led the prominent cryptocurrency exchange, Huobi to shut down its subsidiary functioning in the country. According to the pThe post Why did Huobi file 'resolution to dissolve' its entity in China appeared first on AMBCrypto. дальше »

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Chinese Miners Pivot to Alternative Currencies to Keep Operating

The Chinese mining crackdown forced many miners to stop their operations and relocate. But another group of miners is planning to pivot to new, more efficient mining schemes to keep operating in the country. дальше »

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Three More Chinese Provinces Join National Clampdown on Crypto Mining Activities

The current crackdown on mining activities in China appears to be gaining steam.  Three provinces Henan, Gansu, and Anhui, have joined the nationwide crackdown on crypto farms.  Henan, Gansu, and Anhui to Crack Down on Mining Activities Local news outlets have reported different reports on the crackdown on crypto mining activities within the country. HeifiRead More дальше »

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Anhui Becomes The Sixth Chinese Province To Clamp Down On Bitcoin Mining

To say 2021 has been a rough year for Chinese crypto miners would be a big understatement. The country’s increased crackdown on crypto mining has essentially paralyzed an industry that accounts for more than 50% of global BTC production. дальше »

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Kazakhstan to Capitalize on Crypto Mining Boom; Introduces New Tax on Bitcoin Mining Starting Jan 2022

Miners are speaking out against the new law on crypto mining in Kazakhstan, which accounts for 6. 17% of Bitcoin’s global hash rate, and are seeing interest following the regulatory crackdown in the neighboring country. дальше »

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Swiss bank UBS says Bitcoin is ‘unsuitable’ for institutional investors

Switzerland bank UBS said in its latest note to investors that the increased crackdown on the crypto market by China makes investing in Bitcoin and other crypto-assets “unsuitable.” UBS says stiffer regulations are coming According to the note, the latest crackdown on digital assets by the Asian country has affected the value of the coins […] The post Swiss bank UBS says Bitcoin is ‘unsuitable’ for institutional investors appeared first on CryptoSlate. дальше »

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This Country Just Lost Its Only Chance At Becoming The World’s Largest Bitcoin Producer

A prominent Bitcoin proponent has taken to Twitter to point out that China, with its crackdown on Bitcoin miners in the country, has lost its chance to become the highest producer of Bitcoin. Bitcoin proponent, Mark Moss, has likened China’s actions of shutting down Bitcoin mining and kicking miners out of the country to the […] дальше »

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Huobi imposes 24 hr crypto withdrawal delay to dampen speculation

The exchange's decision aligns squarely with Beijing's ongoing and multi-pronged crackdown on the country's cryptocurrency investors in its attempt to prevent both capital outflows and volatility in the crypto sector. дальше »

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Bitcoin and China: Why this move cannot be 'underestimated'

China’s crackdown on cryptocurrency mining operations in the country was widely discussed in the last couple of months. Several conversations around this development are emerging, be it in the mediaThe post Bitcoin and China: Why this move cannot be 'underestimated' appeared first on AMBCrypto. дальше »

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Iran Counts 30 Crypto Mining Farms Licensed to Mint Digital Currencies

Iranian authorities have so far authorized 30 facilities for cryptocurrency mining. The crypto mining farms are spread across several regions, including Tehran Province. The government has put out the data amid a crackdown on illegal miners in the country. дальше »

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Iranian Authorities Raid Illegal Cryptocurrency Farm, Seize 7,000 Bitcoin Mining Machines

More than 7,000 mining machines have been confiscated by the Iranian authorities at an illegal crypto mining farm operating in the country's capital, Tehran. Iran’s Crackdown On Crypto Miners According to a report by Iranian state media, the Islamic Republic News Agency (IRNA), the raid is part of efforts aimed at stopping illegal crypto mining […] The post Iranian Authorities Raid Illegal Cryptocurrency Farm, Seize 7,000 Bitcoin Mining Machines first appeared on BitcoinExchangeGuide. дальше »

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Chinese crypto mining firm Canaan sets up shop in Kazakhstan amid crackdown

Canaan has started mining Bitcoin with its latest Avalon Miner units in Kazakhstan after setting up a service center in the country earlier this month. дальше »

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Bit Mining Moving 3,000 Bitcoin Mining Machines to Kazakhstan Following China Crackdown

Shenzhen-based Bit Mining has started shipping bitcoin mining machines to Kazakhstan as the Chinese government cracks down on bitcoin mining operations in the country. Bit Mining Ltd. , a mining company based in Shenzhen, announced Monday that “it had successfully delivered its first batch of mining machines to Kazakhstan. дальше »

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China’s crypto crackdown causes CNBC’s Jim Cramer to get rid of his BTC

China seems to have had it with Bitcoin (BTC/USD), and cryptocurrencies in general. The country’s central bank recently started another crypto crackdown, aimed at pushing the Bitcoin miners out of the country. дальше »

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China cracks down on crypto mining causing BTC price to go down

China has been working hard on getting Bitcoin miners to leave its country, and the most recent effort to do this took place over this past weekend. The crackdown had greater consequences than just getting the miners out of the country, however. дальше »

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Clean Bitcoin Mining Solutions Grow Thanks To Ongoing China Crackdown

China’s crackdown on Bitcoin mining has led to an increase in clean bitcoin mining operations. Even though trading of cryptocurrencies has been banned in China since 2017, the country still leads the world in crypto mining rigs. дальше »

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Weibo says crypto accounts on its platform violate laws and rules

Microblogging platform Weibo has reportedly banned cryptocurrency accounts on its platform. The ban is coming as China is stepping up its crackdown on Bitcoin trading and mining in the country. There could be more actions expected, which will include linking cryptocurrency activities directly with China’s criminal law. дальше »

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Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance

Sina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more profoundly in the last days with the crackdown of […] дальше »

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Did Bitcoin Just Stumble Below $36,000 On Reports Of Chinese Weibo Blocking Many Crypto-Related Accounts?

The recent regulatory crackdown on bitcoin and crypto in China has reached a new dimension, with the country’s social media giant Weibo banning several crypto-related accounts. The news was reported by Colin Wu or Wu Blockchain on Twitter, the author of the Chinese crypto newsletter Wublock, who described this as “the harshest suspension of crypto […] дальше »

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China’s crackdown could help Bitcoin’s decentralization – Hedge Fund director

The Bitcoin (BTC/USD) and cryptocurrency market has been affected as a result of China’s recent crackdown on Bitcoin miners in the country. Bitcoin’s price and other cryptocurrency prices have fallen by a large percentage for the past few weeks. дальше »

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Executives from China’s Largest Bitcoin Mining Firms Speak About Regulatory Crackdown

During the course of the week, the cryptocurrency community has been focused on China and the country’s Financial Stability Board detailing that it aims to crack down on the bitcoin mining sector. дальше »

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Crypto Miners In China Selling Their Bitcoin & Mining Machines After Government’s Action Sparks Fear

Chinese Bitcoin miners don’t appear keen on waiting around to find out what their fates will be in the wake of the government’s announcement over an inbound crackdown. In a joint statement published last week, the Chinese Premier and State Council voiced an intent to clamp down on Bitcoin mining in the country, causing the […] дальше »

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China Announces Huge Crackdown on Cryptocurrency Mining

According to a new announcement by the Chinese government, the country is looking to crack down on cryptocurrency mining. The Thursday statement, penned by the State Council’s Financial Stability and Development Committee chaired by Vice-Premier Liu He, comes just three days after regulators banned any financial institutions from doing any business related to cryptocurrencies. дальше »

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Chinese Bitcoin (BTC) crackdown – massive Exodus of miners looming

Following the decision of the Chinese regulatory body to crack down on cryptocurrency operators in the country, Miners are gradually closing shops and relocating elsewhere. Top crypto miners, including BTC. дальше »

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Europe and U.S. may soon take the lead in Bitcoin mining, says major Chinese pool

Jiang Zhuoer, the operator of major Chinese mining pool Lebit Mining, argued that the latest crackdown on crypto in the country would likely lead to miners relocating their activity to Europe and the United States, as pointed out by journalist Colin Wu. дальше »

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China Turns Attention to Bitcoin Mining as Crackdown Continues

China has announced that it will be cracking down on bitcoin mining within the country, in an attempt to protect the country's financial system while reducing carbon emissions. The post China Turns Attention to Bitcoin Mining as Crackdown Continues appeared first on BeInCrypto. дальше »

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