Bitcoin miners are shutting down Chinese operations after Vice Premier’s comments

2021-5-24 11:01

Chinese Bitcoin miners are scrambling to shift or shut operations after the latest round of ‘crypto FUD’ initiated by the government, a report on news outlet Reuters said today. The post Bitcoin miners are shutting down Chinese operations after Vice Premier’s comments appeared first on CryptoSlate.

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chinese operations bitcoin miners comments vice premier

Источник: cryptoslate.com

chinese operations → Результатов: 98


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Turkish Police Dismantle Massive Chinese Crypto Scam That Held 101 Hostages

A massive police operation took place in Istanbul, Turkey, against a Chinese gang’s crypto scam. Authorities found that criminals kidnapped 101 people and forced them to run scam operations. Scammers Tricked Hostages by Promising Them Work in a Legit ‘Crypto Investment Consultancy’ According to Demirören Haber Ajansı, Istanbul police cracked down a fake “crypto investment […]

2021-3-17 18:00


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Istanbul cops raid fake Crypto Investment scam holding 100 people captive

According to reports from local news outlets, a Chinese gang of 18 suspects was recently detained by the police authorities of Istanbul on account of kidnapping and operating a crypto scam scheme. The gang which held its operations in Silivri in the Province of Istanbul, Turkey, attracted 101 people including two Turkmens, 95 Chinese nationals, […]

2021-3-15 15:33


Chinese Bitcoin Miners Struggling to Keep the Lights on Amid ‘Frozen Card Tide’

Chinese Bitcoin miners are experiencing difficulties in paying their electricity bills as law enforcement engages in major card freezing operations. From supply chain disruptions caused by the coronavirus lockdowns to excessive flooding during the Sichuan monsoon season, Bitcoin (BTC) miners in China are enduring a challenging 2020.

2020-11-16 16:26


Фото:

2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners

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 National Blockchain Network Goes Live April 2020

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


Credits and Alibaba Cloud Storming Chinese Market With Blockchain-Based Solutions

The Credits open-source decentralized blockchain solutions provider and Alibaba Cloud have announced the joint launch of operations in the Chinese logistics market. The solution being launched jointly by the Credits platform and Alibaba Cloud is aimed at solving the multiple issues in the logistics market using blockchain technologies.

2019-12-3 19:13


Five Chinese Crypto Exchanges Succumb To Regulatory Clampdown

China’s latest crackdown on the crypto industry has caused at least five of the local exchanges to shut down their operations or they will no longer cater to domestic users this month. After President Xi Jinping publicly promoted blockchain technology creating a market frenzy that has the Chinese regulators stepping up their scrutiny. A couple […]

2019-11-29 17:30


Fintech Startup OPay Backed by Opera Gets $120M Investment to Expand Its Africa Operations

OPay, headquartered in Lagos, Nigeria has raised $120M from a horde of high-profile Chinese venture capitalists as part of its series B round of financing. OPay was launched in 2018 by Opera, the web browser primarily focuses on creating digital compensation solutions that can be used to enhance financial inclusion. According to what the company’s […]

2019-11-18 19:16


New Blockchain Alliance By Chinese Authorities Aims to Improve Trade Finance

Blockchain technology is continually finding itself in different use cases, and the municipal Shanghai government is setting out to improve the use of this fintech for global trade. The collaboration is between the authorities and financial institutions, establishing an alliance that will improve the operations for trade finance. According to reports by The Block and […]

2019-11-8 00:36


Фото:

More Chinese Bitcoin Miners Flock to Sichuan as Demand Soars

Despite the long-standing ban on Bitcoin trading, China continues to be a breeding ground for cryptocurrency mining operations — statistically speaking. As BeInCrypto has previously covered, Chinese Bitcoin miners dominate an estimated 65 percent of the total network hashrate — with others, including the United States and Russia, lagging far behind with roughly five percent […] The post More Chinese Bitcoin Miners Flock to Sichuan as Demand Soars appeared first on BeInCrypto.

2019-11-1 21:29


Фото:

China’s Inner Mongolia to Drive Out Cryptocurrency Miners

Authorities in China’s autonomous region of Inner Mongolia released a notice requiring local cryptocurrency mining firms to stop their operations, according to ChainNews. Is Inner Mongolia Starting a Trend Among China’s Authorities? China has enjoyed that status of the world’s hub for cryptocurrency mining since it hosts a good share of crypto miners who’re looking for cheap electricity.

2019-9-16 16:00


Фото:

Study: Publicly Listed Chinese Firms Quietly Participate in Bitcoin Mining

According to regional reports, a few publicly listed Chinese companies have been secretly mining bitcoin by pretending to provide cloud or web hosting services. Moreover, recent studies have revealed a growing trend of mystery miners processing the BCH and BTC networks at the same time as these firms have been running undercover mining operations in […] The post Study: Publicly Listed Chinese Firms Quietly Participate in Bitcoin Mining appeared first on Bitcoin News.

2019-5-30 23:10


Фото:

Chinese Listed Companies and Bitcoin Mining: Partner or Predator?

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


Taming the Chinese Dragon: Movement and Communication attacked; regulation vows to cripple industry

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


Фото:

Bitmain Pauses Texas Mining Operations, County Officials Report

According to reports from media outlet Texas Public Radio, the Chinese mining giant Bitmain Technologies has reportedly suspended operations in the town of Rockdale. Bitmain started to build up its new facility at a former aluminum smelting factory last summer, but since the crypto economy downturn, the company’s operations at the Texas factory have allegedly paused.

2019-1-14 06:30


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