2020-9-11 03:34 |
Mining operations in China were not adversely affected by the heavy rains.
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Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen electrical shortages and the aftermath is causing quite a bit of stress for Chinese bitcoin miners.
2020-8-19 20:30 | |
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Bitcoin mining pools in China, including large and mid-sized operations, are seeing their daily hashrate drops by “10 to 20 percent” following monsoons in Sichuan, reported Coindesk on Tuesday. Rain Spoils the Day The Sichuan province is said to control over 50% (even 60%) of Bitcoin’s total hashrate.
2020-8-18 15:00 | |
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Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining facilities are taken out by heavy rainfall and flooding, […] The post 2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners appeared first on Bitcoin News.
2020-7-24 03:00 | |
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China's Blockchain Service Network Alliance has announced a split into two independent operations. This split is believed to have been brought about by differences in ideologies regarding the potential integration of public chains.
2020-7-22 17:21 | |
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The power tussle in the largest Bitcoin miner maker, Bitmain, is now threatening to essentially hard fork its operations for the production of AntMiner equipment. On July 16, one of Bitmain’s co-founder, Wu Jihan registered a new firm in Shenzhen, China.
2020-7-21 21:32 | |
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The G20, an international forum formed by the governments and central banks of 19 nations and the European Union in September 1999, has revealed plans to integrate digital currencies into its operations.
2020-7-14 23:07 | |
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The U. S Senate sanctions that were passed in response to the Hong Kong security law might affect crypto brokerage operations. Dubbed the ‘Hong Kong Autonomy Act,' this senate bill aims to reprimand China for eroding the city's autonomy, which had long favored its position as a financial hub.
2020-7-9 21:46 | |
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The transparency of blockchain operations means it is easy to pinpoint false information, thereby bolstering credibility, safety, and efficiency. Supply chain focused blockchain project VeChain has emerged as a go-to platform for traceability.
2020-6-3 20:07 | |
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China’s Tencent is reportedly planning to invest about $70 billion in emerging technologies like the blockchain and artificial intelligence (AI) as part of a tech-focused upgrade of its operations.
2020-5-27 18:20 | |
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The Cambridge Centre for Alternative Finance has released a tool that shows the distribution of Bitcoin hashing power around the world. Whilst the data is far from perfect, it provides a clearer picture than ever into where the largest concentrations of mining operations are in both China and the rest of the planet.
2020-5-9 04:15 | |
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The local government of Ya’an city, in China’s Sichuan province, has announced the region is encouraging bitcoin mining in Sichuan if operations leverage the local hydropower plants. The document released by Ya’an city officials is in stark contrast to how Sichuan lawmakers felt about mining in 2018.
2020-4-29 01:30 | |
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Coinspeaker President Trump Wants to ‘Open the Country Up’, U. S. Coronavirus Cases Surpass China and ItalyCurrently, the United States has more confirmed cases than Italy and China but President Trump wants to open up the country in order to see business operations returning to normalcy.
2020-3-28 20:17 | |
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While China has long dominated Bitcoin mining, new operations in the U.S. are poised to pull the industry further West.
2020-2-27 19:00 | |
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Coronavirus continues to make global headlines and hamper a number of companies with business operations in China. But how does the deadly epidemic impact the world's leading tech giants – Apple and Samsung? The post Apple Vs.
2020-2-24 22:00 | |
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The coronavirus has affected many aspects of life in China. Contrary to what most people assume, it can affect Bitcoin mining operations as well. One mine located in a remote suburb has been shut down as a precautionary measure.
2020-2-7 02:00 | |
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Chinese authorities have revealed that the country’s Blockchain Services Network (BSN), a project that has been under development since last year, with an aim to provide the masses with a platform to easily deploy their distributed ledger technology (DLT) applications without having to create their own private networks, will officially commence operations in April 2020,Read MoreRead More.
2020-1-7 16:00 | |
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Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies.
2019-12-28 23:05 | |
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As sanctions imposed by the United States continue to bite reducing government revenues and widening the budget deficit, Iran has turned its ire to Bitcoin mining operations in the country that are mooching off the country’s heavily subsidized power.
2019-6-29 14:35 | |
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This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin.
2019-5-29 18:53 | |
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CryptoNinjas Binance and Huobi are two prominent cryptocurrency exchanges that were originally founded in China. Once China decided to shut down exchanges, Binance and Huobi both had to relocate in order to continue operations.
2019-5-6 07:12 | |
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New technologies such as artificial intelligence (AI) and blockchain are increasingly being used in the law industry to make it more efficient and transparent, said Zhang Wen, president of Beijing Internet Court, at the China Intellectual Property Protection (CIPP) Forum 2019.
2019-4-27 17:00 | |
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Cryptojacking — the process of infecting computers with malware to mine cryptocurrency — has declined alongside prices during cryptowinter. But like any dextrous organism facing extinction, the virus and its propagators are adapting.
2019-4-27 22:07 | |
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The recent bitcoin rally has driven bitcoin mining profits. Profits earned from bitcoin mining have seen a clear rise since the start of April 2019 and hit a near half-a-year high on April 15, 2019.
2019-4-23 19:35 | |
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They’re doing it in British Columbia, Quebec, Manitoba, Alberta and Labrador — bitcoin miners in Canadian provinces are taking advantage of the country’s cool climate and abundant supplies of hydroelectric power.
2019-4-17 20:52 | |
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Part 2 of China’s regulatory history with cryptocurrency exchanges and communication channels. Exchanges & ICOs Wiped Clean The PBoC began 2017 by initiating regulatory checks on Bitcoin trading platforms in January to survey operations to ensure they were in compliance with regulatory protocols, backing their earlier opinion that Bitcoin or any form of virtual currency […] The post Taming the Chinese Dragon: Movement and Communication attacked; regulation vows to cripple industry appeared first on AMBCrypto.
2019-4-15 16:45 | |
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This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.
2019-4-11 23:38 | |
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Chinese e-commerce heavyweight, Alibaba is making active plans to integrate the revolutionary distributed ledger technology into its operations to simplify its complex cross-border supply chains according to reports published March 6, 2019.
2019-3-8 04:12 | |
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Didi Chuxing, the ride-hailing and transport service based in China, has outlined steps to commence a firm-wide layoff that is expected to affect 15% of its total workforce after suffering a reported $1.
2019-2-21 15:06 | |
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Bad news for Donald Trump as Britain and Germany won’t be joining the United States in its crusade to crush Huawei’s operations, but they do need guarantees from the Chinese firm. It seems both countries are not interested in getting caught in the dispute between the U.
2019-2-20 19:48 | |
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The drop in the price of Bitcoin has rendered a large percentage of mining operations unprofitable, with only low-cost mines in China operating without losses, Bloomberg reported on January 25, 2019.
2019-1-26 20:00 | |
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Huobi is back in Japan, this time as a fully regulated exchange under Japan's Financial Services Agency (FSA). Following its merger with BitTrade, Huobi Japan Holding Ltd.
2019-1-19 19:03 | |
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Chinese crypto mining juggernaut Bitmain has taken a substantial hit in the recent crypto crash, leading to negative consequences for the company on many fronts. Just today, a source has confirmed with Bitcoin Magazine that the company is shutting down its offices in Amsterdam.
2019-1-15 00:45 | |
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The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.
2018-12-29 21:20 | |
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The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.
2018-12-27 21:20 | |
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In China’s Guangdong province, a fintech incubation zone has officially started its operations
2018-12-22 21:57 | |
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When it comes to bitcoin mining, Canada is a natural. A temperate climate helps to keep mining equipment cool, and plentiful renewable energy from hydroelectric dams gives Canadian provinces like British Columbia a natural advantage with cheaper electricity costs.
2018-12-22 21:41 | |
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ELSOL Company, a highly reputed brand publishing company in South Korea, has partnered with Mr. Koala, the O2O company owner who owns more than 400,000 shopping malls in China, to enable it spread its operations in the Asian region.
2018-12-17 14:59 | |
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Remember that massive breach of the Mariott-owned Starwood hotel chain from last month, which saw 500 million users’ data stolen? The New York Times reports that the intrusion was part of a larger state-sponsored intelligence-gathering effort spurred on by China‘s spy agency, the Ministry of State Security.
2018-12-12 09:46 | |
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Remember that massive breach of the Mariott-owned Starwood hotel chain from last month, which saw 500 million users’ data stolen? The New York Times reports that the intrusion was part of a larger state-sponsored intelligence-gathering effort spurred on by China‘s spy agency, the Ministry of State Security.
2018-12-12 09:46 | |
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The majority of bitcoin miners — about 78 percent — use renewable energy to power their mining operations, while preventing surplus electricity from going to waste in countries such as China, a new study by Coinshares has revealed.
2018-12-2 02:00 | |
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As part of its desire to forge deeper ties with the Chinese government, Huobi Group, the parent company of digital asset platform Huobi, has formed a Communist Party committee in China, according to an announcement by the company.
2018-11-20 00:18 | |
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With contributing reporting from Jimmy Aki. Christine Lagarde, head of the International Monetary Fund (IMF), suggested a new course of action for central banks around the world: turn their fiat currencies digital.
2018-11-15 22:38 | |
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Cryptocurrency mining operations in the Chinese provinces of Xinjiang and Guizhou were suspended so the government could conduct “very strict” tax inspections and real-name registration checks, CCN reported.
2018-11-14 18:34 | |
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In recent regulatory news, we report on an authorized mining company in China that has had its operations temporarily halted for tax inspection and implementation of real-name registration processes.
2018-11-14 22:45 | |
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In recent regulatory news, we report on an authorized mining company in China that has had its operations temporarily halted for tax inspection and implementation of real-name registration processes.
2018-11-14 22:45 | |
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One of the countries that have been recorded among the top crypto friendly countries is Switzerland. Its government has been able to give free access to banking services to crypto users and companies unlike countries like Japan, South Korea, and China.
2018-11-10 22:41 | |
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BTCC, China’s oldest Bitcoin exchange, is shutting down its mining pool, which has been operating for more than four years, the company announced. The firm claims the decision to cease operations indefinitely from November 30 is due to business adjustments.
2018-11-7 00:00 | |
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BTCC will be shutting down its mining pool by the end of the month. According to a recent notice made by the Hong Kong-based exchange, BTCC will deactivate its mining pool servers on November 15, 2018, and cease all operations entirely come November 30.
2018-11-7 21:29 | |
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The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.
2018-11-5 22:04 | |
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China’s regulators are pushing for banks to upgrade the “bank-tax interaction” model in a bid to expand financing for small businesses. According to a policy notice issued by the State Administration of Taxation and the National Financial Regulatory Administration, banks…
Hong Kong's sandbox role allows China to explore new financial technologies, like a gold-backed digital asset. Why does it matter? It could potentially be a stable alternative to the dollar.
Crypto money laundering is no longer centred on large, centralised exchanges. Instead, informal Chinese-language networks are playing a growing role in helping criminals move and disguise illicit funds.
A hard-start approach may force compliant firms to stop operations. The HKSFPA urges a 6–12 month grace period for applicants. The association also raised concerns over the CARF framework.
Seventy-six governments have pledged to share crypto data under CARF. Fifty-three countries have signed the agreement enabling automatic exchange. Switzerland delayed its timeline while the US continues its internal review.
HashKey Holdings Ltd. , operator of Hong Kong’s largest licensed cryptocurrency exchange, is seeking to raise as much as HK$1. 67 billion ($215 million) through an initial public offering, marking a significant test of the city’s ambitions to position itself as a regional digital-asset hub.
The People’s Bank of China has officially established the Digital RMB Operation and Management Center as the nation prepares its digital currency for widespread adoption. According to a recent report by Chinese media Capital Finance, the Governor of the central…