Chinese Authorities Uncover Fraudulent Crypto Mining Scheme Worth Nearly $300 Million USD

2019-5-12 19:10

Chinese authorities were able to uncover a fraudulent mining scheme that stole approximately $293 million from crypto users. As reported by the local news outlet 8BTC, a fake Chinese company called Lianxin Tech, sold more than 300,000 units of mining hardware to users in just a few months. Investors believed that they were going to […]

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Chinese Officials Are Investigating Crypto Mining Operations

Regulators in China’s Sichuan province are gathering information on cryptocurrency mining, potentially leading to a full crackdown on the practice, Reuters reports. The news comes after the Chinese government announced it will  “crack down on bitcoin mining and trading behavior, and resolutely prevent the transfer of individual risks to the society” according to a statement.

2021-6-8 22:56


Crypto Mining Company Bitmain Launches Their New Antminer T17 with 7nm ASIC Chip

Chinese mining equipment makers, Bitmain has officially launched their brand new mining equipment named Antminer T17 which offers the maximum hash rate of 40 TH/s. Ready for a revolutionary mining experience?! 1 more day before the launch of the new Antminer 17 Series! Learn more about the miners and their selling times (https://t.co/ZhOMp7netn). Also, visit […]

2019-4-29 19:11


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Moonday Mornings: Jaguar Land Rover plans to reward drivers with IOTA cryptocurrency, and more

It’s Monday morning, you know the drill. But if you don’t, here’s a wrap-up of the weekend’s top cryptocurrency and blockchain headlines. 1. British carmaker Jaguar Land Rover announced that it’s testing software from IOTA which would allow it to reward its drivers for sharing data about their car journeys, reports Reuters.

2019-4-29 11:22


Фото:

Chinese Company Lost $23 Million Allegedly Mining Cryptocurrency in Secret

A subsidiary of Chinese firm Huatie has been sold off at 10 percent of its initial value following losses from suspected secret cryptocurrency mining activities amounting to about $23 million. 90 Percent Value Plunged Probably Due to 2018 Bear Market According to Chinese crypto media outlet 8BTC, Huatie HengAn, a subsidiary of Huatie has been sold for $2 million.

2019-4-20 02:00


Taming the Chinese Dragon: How has the virtual currency market responded to Beijing’s crypto-crackdown?

Part 1 of the history of the Chinese tryst with the cryptocurrency industry. China has always been a focal point in the realm of cryptocurrency and blockchain technology. From being the once hub of cryptocurrency exchanges to the mining center of the world, China has seen its dominance in the decentralized currency game decline due […] The post Taming the Chinese Dragon: How has the virtual currency market responded to Beijing’s crypto-crackdown? appeared first on AMBCrypto.

2019-4-15 16:45


Chinese draft proposal seeks to eliminate crypto-mining activity, terms it ‘undesirable and wasteful’

China is moving towards discouraging cryptocurrency mining in the region. In an all-new draft proposal, the latest industry under the scanner is cryptocurrency mining. According to the proposal by the National Development and Reform Commission [NDRC], crypto-mining is flagged as an “undesirable industry”.

2019-4-10 21:30


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SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH

Japanese financial services company SBI Holdings has announced the launch of Japan's first cryptocurrency fund for retail investors that will invest in seven major crypto assets. These assets include the top two cryptos, Bitcoin (BTC) and Ether (ETH), which are trading under $47k and $4k respectively, along with Polkadot (DOT), Chainlink (LINK), XRP, Litecoin (LTC), […] The post SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH first appeared on BitcoinExchangeGuide.