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Another Ethereum mining pool forced to close due to China crackdown
29.9.2021
Beepool, the fourth largest Ethereum mining pool will shut down operations following Beijing’s anti crypto posture
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
Major Crypto Exchanges Cut Ties With Chinese Users After China’s Latest Crackdown on Cryptocurrency
27.9.2021
Major cryptocurrency exchanges are cutting ties with users in China following the latest crypto crackdown announcement by the Chinese government. Huobi has stopped letting new users in China sign up for its services while Binance has blocked account registrations using Chinese mobile phone numbers....
Rich Dad Poor Dad’s Robert Kiyosaki Predicts ‘Giant Stock Market Crash’ in October — Says ‘Bitcoin May Crash Too’
27.9.2021
Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” has predicted a “giant stock market crash” coming in October. He believes that “bitcoin may crash too.” The famous author also offered his opinion on China’s crackdown...
China’s Crackdown Spurs Massive Onchain Transfers, Cold Wallets Move $3 Billion in Bitcoin and 800K Ether
26.9.2021
Following the latest statements from China’s central bank concerning cryptocurrencies and offshore crypto exchanges, massive amounts of funds have been moving onchain. On September 26, at approximately 1:00 a.m. (UTC) 72,999 BTC or $3.1 billion in bitcoin was dispersed to unknown wallets....
Abkhazia Seizes 6,000 Mining Devices but Fails to Disrupt Crypto Mining
26.9.2021
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 illegal mining operations. The breakaway republic of Georgia has been struggling with power shortages blamed on underground miners. 30,000...
US Lawmakers See China’s Authoritarian Crackdown on Crypto as Big Opportunity
25.9.2021
Several U.S. lawmakers see China’s authoritarian crackdown on cryptocurrency, including bitcoin, as “a perfect opportunity for American leadership on cryptocurrency.” One senator noted that it is “a reminder of our huge structural advantage over China.”...
China’s Crypto Crackdown: Fundamentals Still Show Bull Market Continuation, Bobby Lee Says ‘Don’t Panic’
24.9.2021
The People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC also reiterated comments it...
Crypto Market Dives as China Continues Crackdown, Singles out Tether & Foreign Platforms
24.9.2021
ment.The crypto market dived following the news. Bitcoin (BTC) dropped by 5% in an hour, hitting USD 43,234 (09:42 UTC), while ethereum (ETH) lost more than 7% of its value, moving below USD 2,900. Other major altcoins dropped by 6%-9%.In a
Brace For 'Really Volatile' 6-12 Months in Crypto Regulatory Sphere - Novogratz
23.9.2021
ent regulatory crackdown on the crypto industry in the US in particular. He opined that any suggestion that Gary Gensler does not know what he is doing is simply wrong.“Gary [Gensler] is smart, there is absolutely no doubt about it,” Novogratz said, before he went on to state that
Treasury plots stablecoin crackdown even as Tether’s dominance wanes
17.9.2021
While Tether’s dominance has fallen to 56%, USDC and BUSD have surged to 23.9% and 10.4% respectively
Data center operators have ‘no problem’ with new Russian crypto crackdown
16.9.2021
As Russia works to “more clearly prohibit the use of cryptocurrency,” the country's largest data center operators aren’t really worried
China’s Hebei Province Begins Crackdown on Crypto Mining and Trading, Reports Reveal
16.9.2021
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 cyberspace administration, a number of government agencies are working together to prevent the use of...
Authorities Seize USD 5.2m in Crypto from ‘Tax Dodgers’
15.9.2021
tax crackdown on suspected cases of unreported or underreported taxable income by studying customer data they were handed by the nation’s four largest crypto exchanges
Hebei is the latest China province to wield the crypto crackdown hammer
14.9.2021
Authorities in the province say crypto mining is inimical to China's environmental conservation efforts
Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300
11.9.2021
Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed down more than 5,300 illegal mining facilities, seizing an enormous amount of coin-minting machines. Power...
Shanghai Man: China declares victory over crypto — Is this the end of the crackdown?
10.9.2021
Chinese Gaming Giants Lose Eight Bethesdas In Value Amid Government Crackdown
9.9.2021
Bloomberg reports that the value of China’s largest gaming companies, Tencent and NetEase, plummeted dramatically during an overnight stock selloff, resulting in losses totaling more than $60 billion between the two. To put that in perspective, that’s about eight times what Microsoft spent...
Oil Producers and Bitcoin Miners Meet in Texas to Discuss Cooperative Mining Possibilities
6.9.2021
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 mining opportunities last week. More than 200 investors attended the meeting to talk about an alliance, that would allow oil producers to make more...
Binance Discontinues Support for Norwegian Krone Pairs, Payments and Language
28.8.2021
Cryptocurrency exchange Binance is discontinuing certain offerings in Norway. The news comes amid regulatory pressure around the world which the global trading platform is working to address. The company is also dropping Norwegian from its website’s language options. Crypto Exchange Binance...