Power Deficit Forces Crypto Miners to Leave Kazakhstan
Electricity shortages have been dogging Kazakhstan’s booming crypto mining business this yr. A media report reveals that some miners, together with a few of people...
Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms
A court docket in Beijing has dominated that three funding agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation declare has been rejected...
Cryptocurrency Exchange Huobi Global to Leave China This Month
Digital asset alternate Huobi Global has revealed its intention to exit the Chinese Market. The crypto buying and selling platform with Chinese roots mentioned it’s...
China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations
The province of Hainan in South China has taken steps aimed toward curbing crypto mining actions. Besides blacklisting the business, native authorities are additionally introducing...
Alibaba Suspends Sale of Cryptocurrency Mining Hardware on Its Platform
Alibaba, the Chinese e-commerce giant, has announced it will no longer allow the sale of cryptocurrency mining gear on its platform. The sales behemoth made...
Abkhazia Seizes 6,000 Mining Devices but Fails to Disrupt Crypto Mining
Authorities in Abkhazia have confiscated thousands of mining machines, closing down all large crypto farms, yet they have admittedly failed to put an end to...
China’s Hebei Province Begins Crackdown on Crypto Mining and Trading, Reports Reveal
Authorities in the Chinese province of Hebei have reportedly launched a campaign against cryptocurrency mining and trading. According to a quoted announcement by the region’s...
Oil Producers and Bitcoin Miners Meet in Texas to Discuss Cooperative Mining Possibilities
A meetup in a vehicle warehouse in Houston served as an encounter point for oil producers and bitcoin miners to talk about possible on-site crypto...
People’s Bank of China Targets Crypto Companies in Shenzhen Crackdown
The Shenzhen office of the People’s Bank of China (PBOC) has reportedly set out to correct the business activities of about a dozen companies allegedly...
Ukraine Shuts Down Crypto Exchangers Sending Money to Russian Wallets
The Security Service of Ukraine (SBU) has closed down a number of “underground” crypto exchangers in Kyiv. Officials say the platforms have been making a...