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Chinese Officials Are Investigating Crypto Mining Operations
Regulators in China’s Sichuan province are gathering information on cryptocurrency mining, potentially leading to a full crackdown on the practice, Reuters reports. The news comes after the Chinese government announced it will “crack down on bitcoin mining and trading behavior, and resolutely prevent the transfer of individual risks to the society” according to a statement. дальше »
2021-6-8 22:56 | |
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Chinese Traders Still a Major Influence the Crypto Market, According to Experts
Chinese traders still exert a major influence in the cryptocurrency market, even with all the distinct issues they must now face to operate. This is the opinion of several experts in the field that have weighed in on how the recent prohibitions and ban proposals from China are really affecting how Chinese bagholders that conduct […] дальше »
2021-5-27 10:00 | |
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Iran Government Blames Bitcoin Miners For Power Outages, Bans Crypto Mining For 4 Months
Bitcoin miners have been on the hot seat this year. The market recently reacted to the Chinese government cracking down on mining activities with investors rolling out cash from the Bitcoin market. The unrest seems to be far from over as the Iranian government has also clamped down on cryptocurrency activities in the country. According […] дальше »
2021-5-27 20:46 | |
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Chinese Firm Bit Mining Invests $9M to Build 100 Megawatt Bitcoin Farm in Kazakhstan
Shenzhen-based Bit Mining is planning to construct and operate a 100 MW crypto-mining data center in Kazakhstan. The project will be implemented in partnership with two local companies that will also provide the enterprise with an array of services. дальше »
2021-5-26 10:00 | |
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Amid ongoing Chinese restrictions of crypto, is it wise to buy NEO and TRON?
As of recently, China restricted financial institutions and really any payment company from providing services that are related to cryptocurrency transactions. However, this might not be as serious as you think, as it is not the first time China has attempted to restrict the trading market. дальше »
2021-5-26 20:23 | |
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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 »
2021-5-26 18:19 | |
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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 »
2021-6-8 17:44 | |
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Bybit To Close All Accounts Registered To Chinese Phone Numbers On June 15th
Bybit, a popular crypto derivatives exchange that originated from China has announced it would be terminating all accounts registered with a Chinese phone number by June 15. Termination Is In Response To Chinese Authorities Crypto Crackdown Bybit, a prominent crypto derivatives exchange based in China, has announced that all accounts registered with a Chinese phone […] дальше »
2021-5-26 17:09 | |
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NYSE-Listing Chinese Company BTCM Goes Overseas; Builds A Crypto Mining Center in Kazakhstan
BIT Mining is making an investment of RMB60 million (US$9.33 million) in a crypto mining data center in Kazakhstan, which is expected to have a power capacity of 100MW. The post NYSE-Listing Chinese Company BTCM Goes Overseas; Builds A Crypto Mining Center in Kazakhstan first appeared on BitcoinExchangeGuide. дальше »
2021-5-24 20:44 | |
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Chinese Crypto Miners Panic Sold, But Most Are Still Awaiting for Clarity from the Govt.
This changes nothing, with fundamentals remaining stronger than ever. It is rather a massive opportunity to make Bitcoin green & even more decentralized by having a new wave of mining operators outside of China using renewable energy The post Chinese Crypto Miners Panic Sold, But Most Are Still Awaiting for Clarity from the Govt. first appeared on BitcoinExchangeGuide. дальше »
2021-5-24 17:50 | |
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Top Bitcoin Miner Explains Implications Of China’s New Policies Against This Sector
China is set to clarify its new policy for the Bitcoin mining sector in the coming weeks. For the first time, a high-ranking Chinese government official has spoken about a change in the status quo that rules this BTC mining. дальше »
2021-5-24 17:16 | |
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Bitcoin Mining Operations Btc.top and Hashcow Cease Offering Services in China
Following some stern warnings from a few major trade associations and regulators in China, two prominent exchanges, Huobi and Okex, have stopped offering services to Chinese residents. After the two exchanges halted specific services to residents of mainland China, two bitcoin mining operations have also abandoned the country on Monday. Btc.top and Hashcow have suspended […] дальше »
2021-5-24 16:30 | |
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Here’s All You Need to Know About the China Bitcoin Mining FUD
While the price of bitcoin (BTC) and ether (ETH) have managed to rise by 4.42 percent and 8.71 percent respectively in the past 24-hours, some traders are of the opinion that the bloodbath may not be over just yet, as there is still widespread fear uncertainty and doubt in the hearts of Chinese cryptomarkets participantsRead More дальше »
2021-5-24 16:00 | |
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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 »
2021-5-24 15:55 | |
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Bitcoin miners are shutting down Chinese operations after Vice Premier’s comments
Chinese Bitcoin miners are scrambling to shift or shut operations after the latest round of ‘crypto FUD’ initiated by the government, a report on news outlet Reuters said today. The post Bitcoin miners are shutting down Chinese operations after Vice Premier’s comments appeared first on CryptoSlate. дальше »
2021-5-24 11:01 | |
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BTC Mining Devices ‘Out of Stock’ Worldwide- 6 Chinese Mining Rig Makers Dominate the ASIC Industry in 2021
While bitcoin prices have slid in value and the high network difficulty, the leading crypto asset is still quite profitable to mine according to current data. Despite the profitability, these days there are only a few manufacturers producing application-specific integrated circuit (ASIC) machines. дальше »
2021-5-24 23:00 | |
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Huobi Halts Futures Trading Services, Mining Pool in China as Regulatory Pressures Mount
Per Bloomberg, cryptocurrency exchange Huobi began blocking its Chinese customers from being able to access some of their services. When China banned crypto exchanges back in 2017, Huobi moved its operations overseas to Hong Kong, Singapore, and South Korea, among others. дальше »
2021-5-24 21:06 | |
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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 »
2021-5-23 22:00 | |
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China’s Absolute Control Over Digital Yuan Will Boost Demand for Cryptocurrencies, Says Analyst
China’s push for the digital yuan will boost demand for cryptocurrencies, according to an analyst at BK Asset Management, citing that the Chinese government wants “absolute power” over the wealth and income of its citizens. дальше »
2021-5-23 19:00 | |
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MicroStrategy’s Saylor On Why China Banning Bitcoin Mining Completely Could Ignite The Most Bullish Cycle
The Chinese government has made its intention to crack down on Bitcoin mining public, with Premier Liu He announcing as much this Friday. The world’s most expensive digital currency has undergone a massive bearish move over the past week, with Elon Musk poking a hole in pertinent affairs and news of China’s strengthened stance breaking […] дальше »
2021-5-22 18:06 | |
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How Another Chinese Power Outage May Have Led to Bitcoin’s Flash Crash This Week
Earlier in April, an accident at a Chinese coal mine in Xinjiang sent Bitcoin network’s hash rate plummeting 30% in a span of a day, which crippled the major cryptocurrency’s rally. Now, Bitcoin’s hash rate is suffering a similar loss as miners based in Sichuan, China face limitations on power usage. The State Grid in […] дальше »
2021-5-22 05:02 | |
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Market Bloodbath Continues as Chinese Government Mulls Banning Bitcoin Mining Activities
The Chinese government has doubled down on its anti-cryptocurrency regulations. Recent reports reveal that government officials called for a crackdown on bitcoin trading and mining activities. Another China FUD? In a meeting held on Friday (May 21, 2021), the Financial Stability and Development Committee of the State Council, headed by Liu He, vice Premier ofRead More дальше »
2021-5-22 01:00 | |
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‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector
A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the sector closely. The report follows a recent article from Reuters published three days ago, which also reiterates China’s older warnings against the crypto industry. дальше »
2021-5-22 21:00 | |
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OpenOcean Launches Multi-Language Support For Its Growing Community
OpenOcean, a crypto aggregator protocol for DeFi and CeFi announced it had added support for some of the largest languages by the number of speakers on its Protocol. OpenOcean’s language support now includes Chinese, Spanish, Japanese, and Russian in addition to English. дальше »
2021-5-22 19:19 | |
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Full Aggregation Protocol OpenOcean Launches Multi-Language Support – Chinese, Japanese, Spanish, and Russian
May 21, 2021 — OpenOcean, the world’s first DeFi & CeFi full aggregator, is expanding its coverage of global markets by providing support for some of the largest languages by number of speakers and crypto users. дальше »
2021-5-21 11:01 | |
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Chinese Firm Invests $25 Million in ‘Cryptocurrency Mining Data Center’ in Texas
On Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center located in Texas. The binding investment worth $25 million is with Dory Creek, LLC as the two companies will construct and operate a 57.2 MW mining facility powered by 85% […] дальше »
2021-5-21 02:30 | |
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China’s Blockchain Stocks Remain Unscathed Amid the Bitcoin Market Crash
China’s blockchain-linked stocks remain undisrupted by the chaos surrounding the general cryptocurrency market. The eight Chinese A-share equities connected to the blockchain technology behind cryptocurrencies are down less than 2% in Singapore on Thursday. дальше »
2021-5-21 23:00 | |
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4Chan Insider Predicted Bitcoin Crash, Claims It Was A Coordinated Attack
Investors are contemplating what next following the market correction, which saw Bitcoin drop as low as $29k. Many pin the events of yesterday on FUD, whether Elon FUD, China FUD, or OCC FUD. However, an “insider” on anonymous board 4Chan claims it was a coordinated attack by an unnamed firm connected to the Chinese government. […] дальше »
2021-5-20 15:00 | |
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Chinese crypto-linked stocks like Meitu see big corrections after Ethereum dump
Stocks of Chinese publicly listed companies fell sharply today after cryptocurrencies like Bitcoin, Ethereum, and others plunged massively on Wednesday, data from multiple sources shows. The post Chinese crypto-linked stocks like Meitu see big corrections after Ethereum dump appeared first on CryptoSlate. дальше »
2021-5-20 12:56 | |
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Chinese Internet Cafe Owners Deal With the Pandemic Crisis by Using Their Facilities to Mine Cryptocurrencies
The Coronavirus pandemic has driven people to take advantage of new business lines to deal with the economic crisis, and cryptocurrency is once again a headliner. Internet cafe owners in China are using their facilities to set up crypto mining farms after temporarily shutting down in 2020. дальше »
2021-5-20 02:00 | |
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Speculation Tesla Dumped Its Bitcoin Holdings Denied By Musk
Elon Musk puts to bed rumors that Tesla has sold its remaining Bitcoin holdings. The comments came following his second attack on the leading cryptocurrency. This time, he called out the dominance of Chinese mining pools in a now-deleted tweet. дальше »
2021-5-18 03:00 | |
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Chinese Investors File Lawsuit Against US-Based Alleged Crypto Fraudster Who Promised $200,000 Profits per Day
A group of Chinese investors has filed a lawsuit against an alleged crypto fraudster based in New York, United States, who ran a Wechat group where he handled the scheme. The scammer reportedly promoted the bogus investment opportunity by promising earnings of “$200,000 in one day. дальше »
2021-5-15 12:30 | |
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Venture platform Cognitive Blockchain invests in cross-chain compute network Cudos
CryptoNinjas » Venture platform Cognitive Blockchain invests in cross-chain compute network Cudos Cudos, a multi-chain layer-2 solution providing Turing-complete compute and external data to blockchains, today announced that Cognitive Blockchain has made an equity investment in its parent company Cudo, and will be providing expertise to Cudo for the vast Chinese blockchain market. дальше »
2021-5-13 00:04 | |
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Urban Tea begins accepting BTC, DOGE, and ETH in all its stores
Urban Tea, a publicly-traded tea company has started accepting cryptocurrencies as payment in all its Chinese stores. A press release unveiled this news on May 10, noting that all Urban Tea stores operated by 39 Pu Tea Co. дальше »
2021-5-12 23:57 | |
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Macau casino investor bets on Bitcoin (BTC) amidst a bleak economic outlook
Chinese publicly listed firm Success Universe Group Ltd, which is a major investor in Macau-based casino and hotel resort Ponte 16, announced that it has purchased 24. 3 Bitcoin ($1. 35 million currently) as part of its portfolio diversification strategy, Inside Asian Gaming reported today. дальше »
2021-5-11 16:00 | |
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Ant Group to let MYbank users test China’s CBDC
Ant Group, an affiliate of leading Chinese multinational technology company Alibaba, is planning to let the users of online-only bank MYbank test China’s central bank-issued digital currency. A report unveiled this news on May 10, noting that this trial will let some of the bank’s customers link their accounts to China’s digital yuan application. дальше »
2021-5-11 00:35 | |
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AscendEx (former Bitmax) Review: Fees, Supported Coins, Security
Bitmax is a Chinese cryptocurrency exchange platform founded in 2018. The company’s goals are to build an autonomous platform suitable for investors of any level. The company has strong foundations, the CEO of the company, George Cao has experience working with investment funds and boasts a Ph. дальше »
2021-5-3 17:10 | |
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