Chinese crackdown
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Bitcoin News
Bitcoin News

Black Rock Petroleum Company Set to Operate 1 Million Chinese Bitcoin Miners

Black Rock Petroleum company is all set to host and operate 1 million Bitcoin mining machines across its gas reserves under its new agreement. The petroleum company has signed a binding agreement with Optimum Mining Host Limited Liability Co to host and operate millions of Bit Miners being relocated from China. It will deploy all

Black Rock Petroleum company is all set to host and operate 1 million Bitcoin mining machines across its gas reserves under its new agreement. The petroleum company has signed a binding agreement with Optimum Mining Host Limited Liability Co to host and operate millions of Bit Miners being relocated from China. It will deploy all

Bitcoin News
Bitcoin News

Chinese crypto crackdown may extend to Stablecoin after butchering Bitcoin

Fan Yifei, Deputy Governor of the People’s Bank of China mentioned the speculative nature of both Bitcoin (BTC) and Stablecoins, at the State Council policy briefing this morning. He said bitcoin and stablecoins are a potential threat to the state’s financial security and social stability, as the decentralized digital currency has become a gateway to

Fan Yifei, Deputy Governor of the People’s Bank of China mentioned the speculative nature of both Bitcoin (BTC) and Stablecoins, at the State Council policy briefing this morning. He said bitcoin and stablecoins are a potential threat to the state’s financial security and social stability, as the decentralized digital currency has become a gateway to

Bitcoin News
Bitcoin News

China’s Top Bitcoin (BTC) Mining Pool Owner Predicts Inevitable End For Crypto Businesses

BTC.TOP and B.TOP CEO, Jiang Zhuoer claimed the foreseeable shut down of the majority of small-scale cryptocurrency businesses in China. He argued that small crypto business owners will face big losses due to a lack of resources to maintain legal offices and companies in China. Amid the infamous Chinese Crypto Crackdown, from the ban on

BTC.TOP and B.TOP CEO, Jiang Zhuoer claimed the foreseeable shut down of the majority of small-scale cryptocurrency businesses in China. He argued that small crypto business owners will face big losses due to a lack of resources to maintain legal offices and companies in China. Amid the infamous Chinese Crypto Crackdown, from the ban on

Bitcoin News
Bitcoin News

China: Hydropower Plants Up For Sale As Crypto Miners Rush to Leave China

Chinese online second-hand market is now seeing a surge in small hydropower plant listing over the past couple of weeks as crypto miners rush to leave the country.  As per a report in SCMP owners of these small hydropower plants are selling their stations in light of depleting demand for Bitcoin mining energy supply in

Chinese online second-hand market is now seeing a surge in small hydropower plant listing over the past couple of weeks as crypto miners rush to leave the country.  As per a report in SCMP owners of these small hydropower plants are selling their stations in light of depleting demand for Bitcoin mining energy supply in