China Bitcoin Ban
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Is There A Silver Lining to China’s Ban on Crypto?

China banned bitcoin and crypto again this year with several weeks of state-driven crackdown on trading and mining operations in the country. However, this is not the first time when the world’s most populated state has done so, earlier in 2013 and 2017 also China imposed a similar ban on cryptocurrencies. The recent sell-off is

China banned bitcoin and crypto again this year with several weeks of state-driven crackdown on trading and mining operations in the country. However, this is not the first time when the world’s most populated state has done so, earlier in 2013 and 2017 also China imposed a similar ban on cryptocurrencies. The recent sell-off is

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News

Chinese Authorities Order Sichuan-based Crypto Miners to Shut Down Operations

On Friday, June 18, Chinese authorities intensified their crackdown on crypto mining activities in the Southwestern Sichuan province. The authorities issued the notice to local miners to shut down their operations on an immediate basis. As reported by Reuters, the joint notice came from The Sichuan Provincial Development and Reform Commission, and the Sichuan Energy

On Friday, June 18, Chinese authorities intensified their crackdown on crypto mining activities in the Southwestern Sichuan province. The authorities issued the notice to local miners to shut down their operations on an immediate basis. As reported by Reuters, the joint notice came from The Sichuan Provincial Development and Reform Commission, and the Sichuan Energy

PBOC
Bitcoin News
PBOC
Bitcoin News

Chinese Crypto Miners Register Severe Crash of Bitcoin (BTC) Hashrate Amid Crackdown

Amid severe crackdown from the Chinese regulators, local Bitcoin (BTC) miners have started pulling the plugs and discontinuing their operations. Because of these restriction policies, the BTC hashrate at some of the biggest Chinese crypto miners has started to decline. AntPool and Poolin have registered the biggest drop of around 25% in the BTC hashrate

Amid severe crackdown from the Chinese regulators, local Bitcoin (BTC) miners have started pulling the plugs and discontinuing their operations. Because of these restriction policies, the BTC hashrate at some of the biggest Chinese crypto miners has started to decline. AntPool and Poolin have registered the biggest drop of around 25% in the BTC hashrate