China has long been home to more than half the world's bitcoin miners, but now, Beijing wants them out ASAP. In May, the government called for a …
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China's Cryptocurrency Crackdown
China's State Council has called for greater regulatory scrutiny over the mining of bitcoin and other cryptocurrencies in a bid to mitigate any risks. The crackdown has been felt throughout China, including in provinces where crypto mining is popular such as Yunnan and Sichuan. Consequently, the price of Bitcoin has dropped sharply. Read on to learn what government regulators are doing.
Bitcoin falls to a two-week low after China announced it had summoned bank chiefs to reiterate the ban on providing cryptocurrency services. Bitcoin fell to a two-week low amid an intensifying cryptocurrency crackdown in China. The largest virtual currency fell 10% to $32,350 as of 8:50 a.m. in New …
China's campaign to rein in crypto continued to ripple through the bitcoin network, sending the price of the largest cryptocurrency by market capitalization down 8% on Monday morning. While Beijing's crackdown on digital assets has been mounting for weeks, last Friday the Sichuan provincial …
Yunnan’s Energy Bureau said it will cut the power supply to companies illegally using electricity for bitcoin mining in the latest example of a …
The price for GPUs in China dropped by as much as 66% depending on the model. Finding new graphics cards at reasonable prices has been almost …
China recently announced a major crackdown on cryptocurrency. The relative ease of use of existing currencies such as Bitcoin and Ethereum and their …
Huge concrete data centres, permanently plugged into power plants and telephone exchanges, maintain much of online life. But the infrastructure …
Read More About Cryptocurrency
China is experimenting with blockchain technology to create currency that could be easily traded along with fiat currencies. The so-called digital yuan is currently being tested in Hong Kong, Shanghai and other parts of the country and is being closely watched by the U.S. as a possible threat to the dollar. Can China's cryptocurrency become a global one, transforming the digital wallet and how we do business?
