Cryptocurrency mining operation crackdown in Anhui province by the Chinese government
Due to the regulations in China about crypto mining, the government hands are on deck on this issue, as the regulators in Anhui province shutting down local crypto mining operations as a result of growing electricity demand. Theis continued crackdown by the Chinese government on cryptocurrency mining by stopping its operations is yet in another […]
Digital Yuan to be tested among 10 Million users in China
China has expanded its digital yuan trials to 10 million users. Also, the government is nearing the end of the trial phase, and a nationwide launch might happen shortly. China is currently putting the CBDC, known as the digital yuan, to the test in a number of provinces around the country. According to the Chinese […]
Hydropower plants up for sale in China as crypto miners exit
A majority of the hydropower plants belonging to the Sichuan region of China, which is famous for housing clean energy Bitcoin mining are being listed in the country’s second-hand marketplace for sale. As crypto miners flee the country, the Chinese online second-hand market has seen a boom in small hydropower plant listings in recent weeks. […]
Huobi bans crypto trading for its Chinese users
Huobi exchange has stated that users in China will no longer be able to trade crypto derivatives on the platform Huobi, a cryptocurrency exchange platform, has revised its user agreement contract to prohibit consumers in China from trading crypto derivatives. The restriction on crypto derivatives trading, according to the Huobi Global website’s amended user agreement […]
BTCC, First Bitcoin exchange in China exits crypto
China’s first Bitcoin exchange operator BTCChina has reportedly sold its stake in the Singapore-registered Bitcoin exchange ZG.com. According to certain sources, BTCChina, the operator of China’s oldest Bitcoin (BTC) exchange, is no longer in the crypto business. According to Chinese news source The 21st Century Business Herald, the corporation sold its stake in the Singapore-registered […]