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Bitcoin (BTC) miners in China are about to face hasher crackdowns

China is making its sanctions on Bitcoin miners even tougher after its Inner Mongolia regional government set out more stringent punishment for violators. On Tuesday, the Inner Mongolia, National Development and Reformation Commission (NDRC) issued a proposal, outlining 8 areas that are perceived as illegal for crypto mining activities. дальше »

2021-5-26 11:15


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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


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


China’s Ban On Mining Is Changing Crypto’s Landscape

China announced last week that financial institutions in the country would no longer be able to sell Bitcoin services, and that mining would be prohibited. Many in the Bitcoin community, including this paper, reacted with skepticism to the news, noting that China has previously “banned” its companies from using Bitcoin with little effect, and that […] дальше »

2021-5-25 02:20


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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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


DEX Field-Leading Project PandaSwap will Launch on OKExChain Soon

Press Release: Decentralized exchange (DEX) field-leading project, PandaSwap, was confirmed as 1 of 20 joint beta event projects on OKExChain and is set to launch imminently. 24th May 2021, Chengdu, China: Despite the recent fall into a bear market, the crypto space continues to evolve and consistently inspires innovation. дальше »

2021-5-24 00:30


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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


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


Futu to Add Cryptocurrency Trading in U.S, Singapore and Hong Kong

Futu, one of the leading trading brokerages in China, revealed its plans to offer cryptocurrency trading later this year. In its earnings call earlier this Wednesday, senior vice president Robin Li Xu told analysts that Futu would be applying for digital-currency related licenses in the United States, Singapore, and Hong Kong.  Despite these changes, crypto […] дальше »

2021-5-22 02:56


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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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Bearish Rumble Intensifies As China Moves To Crack Down On Bitcoin Mining and Trading Activities

China appears to be ready to go to war with Bitcoin and other cryptocurrencies just about a month removed from changing its stance on digital assets. Earlier this week, it was reported that the country had banned financial institutions from conducting any crypto transactions but subsequent claims pointed out that the powers that be are […] дальше »

2021-5-22 20:25


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Futu set to offer crypto services in the US, Singapore, and Hong Kong

Futu Holdings Ltd., a rapidly growing crypto brokerage firm in China, is planning to offer crypto trading to international clients before the end of the year. The company unveiled this news during its Q1 earnings call on May 20, with its Senior Vice President Robin Li Xu, disclosing that the firm has already started applying […] The post Futu set to offer crypto services in the US, Singapore, and Hong Kong appeared first on Invezz. дальше »

2021-5-22 20:18


Breaking: China Bans Crypto For the 100th Time; Hong Kong Proposal Seeks to Restrict Retail Traders From Exchanges

Cryptocurrency exchanges in Hong Kong are set to be prohibited from offering services to retail crypto traders following a new government proposal. Hong Kong Floats New Proposal On Licensing Crypto Firms The legislative proposal, which Hong Kong's Financial Services and Treasury Bureau (FSTB) floated, has now moved past its consultation period, Reuters report. дальше »

2021-5-22 19:42