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Student by Day, Crypto Miner by Night: NYU Undergrad’s $6 Million Empire
28.12.2023
Source: AdobeStock / LIGHTFIELD STUDIOS Jerry Yu is a 23-year-old student at New York University. He’s also the majority owner of a Bitcoin (BTC) mining farm in the US, fighting legal battles and various allegations. Yu, a Chinese national and US resident, is what the Chinese call...
The Short-Sightedness of Run-Amok Regulators
29.3.2023
Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks
Former CCP official apologies for 'grave losses' as a result of supporting crypto miner: Report
9.1.2023
Former Chinese Communist Party member Xiao Yi seemed to speak with a very subdued voice from what appeared to be prison, apologizing for supporting a Fuzhou crypto mining firm
China’s BSN chair calls Bitcoin Ponzi, stablecoins 'fine if regulated'
27.6.2022
Stablecoins like USDT and USDC would be doing just fine if properly regulated, while Bitcoin is a "Ponzi scheme" in any case, China's BSN chair told Cointelegraph
Bitcoin’s current setup creates an interesting risk-reward situation for bulls
23.5.2022
A slight improvement in equities markets and the resilience of a few key BTC price metrics are giving bulls hope of a reversal
Crypto mining reportedly rises in Thailand due to Chinese crypto ban
29.12.2021
Thailand is among the countries capitalizing on China’s crypto crackdown, with retail investors increasingly mining crypto
Chinese Crypto Mining Crackdown Turns Focus to PC Rooms and ‘Home Miners’
4.12.2021
Having effectively eliminated its industrial crypto mining sector, China is now going after the small fry: internet café and PC gaming room operators – and even those mining on rigs and cards at home – as Beijing moves to squash the mining industry once and for all....
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China’s crypto ban: Buy the dip or cause for concern?
12.10.2021
China's regulatory policies toward crypto used to be a major factor in market activity
Actions speak: China’s crypto ban may reveal digital yuan CBDC goals
2.10.2021
China’s ban on cryptocurrencies causes a mild slump, but recovering from this FUD is not new for crypto as China’s motives come under the scanner
Alibaba to ban crypto miner sales amid Chinese crackdown
28.9.2021
Any sellers that list crypto miners or relevant products on Alibaba’s platforms after Oct. 15 will face significant penalties
Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US
15.7.2021
Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s...
From mining to software: China's regulatory crackdown on crypto continues
6.7.2021
Financial institutions, crypto miners, and now software companies — where will regulators in China move to strike next?
Shanghai Man: Fight crypto like COVID-19 urges Global Times, hydro power plants popular ...
2.7.2021
The country celebrates 100 years of Communist Party rule, pressure may be released as the economy goes back to status quo, Beijing subway now trialing e-CNY
Crypto miner claims all major Yunnan operations shut down in advance of CCP anniversary
30.6.2021
It's unclear if the shutdowns are due to orders passed down from above or the result of China's announced regulatory crackdown on crypto miners
China crackdown shows industrial Bitcoin mining a problem for decentralization
30.6.2021
The great hash rate plunge caused by an exodus of miners from China shows large scale Proof-of-Work mining facilities are vulnerable to regulation
Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices
24.6.2021
While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries....
Chinese crypto mining firm Canaan sets up shop in Kazakhstan amid crackdown
23.6.2021
Canaan has started mining Bitcoin with its latest Avalon Miner units in Kazakhstan after setting up a service center in the country earlier this month
China’s Qinghai Province Instructs Bitcoin Mining Operations to Shut Down
10.6.2021
Following the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate. Similarly, the Qinghai Industry and Information Technology...
Shanghai Man: Miners banned, exchanges targeted? Here's what's really happening
28.5.2021
A look at the last week of crackdowns, including a ruling from Vice Premier Liu He. Hong Kong echoes Beijing with stricter controls of their own, limiting retail investors in the administrative region
‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector
21.5.2021
A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the sector closely. The report follows a recent article from Reuters published three days ago, which also reiterates...