Bitmain stops its crypto mining rig shipment into mainland China
Bitmain, a Chinese producer of cryptocurrency mining equipment, has been forced to cease operations in China as of Oct. 11. In addition to China’s blanket prohibition on crypto activities, the company has cited China’s carbon-neutral policies as a reason for ceasing to supply Bitcoin (BTC) and cryptocurrency mining rigs. According to Bitmain’s announcement: “From October […]
McDonald’s China celebrates 31st anniversary with 188 NFTs
On October 8, fast-food giant McDonald’s China issued a batch of 188 nonfungible tokens (NFT) to commemorate its 31st anniversary in the Chinese market. The NFTs , dubbed “Big Mac Rubik’s Cube,” will be handed to workers and customers as part of the promotion. The Big Mac Rubik’s Cube NFTs are modelled on the three-dimensional […]
China intends to add cryptocurrency mining to its blacklist of industries in which to invest
China has reaffirmed its stance on cryptocurrencies, despite the fact that crypto mining is prohibited in the nation, some have opted to operate illegally. China has added cryptocurrency mining to its ‘bad list’ of sectors. This latest initiative implies that investors may no longer participate in the crypto mining business. According to a Reuters storey […]
It is not possible to destroy crypto – CEO Elon Musk
Tesla’s CEO Elon Musk has expressed support for cryptocurrency, calling it “undeniably irreplaceable,” in the wake of China’s recent cryptocurrency crackdown. “It is not possible to, I think destroy crypto, but governments can slow down its advancement,” Musk stated at the Code Conference in California on September 28, according to CNBC. The decentralized nature of […]
Alibaba bans crypto miner sales amid China’s cryptocurrency crackdown
In reaction to China’s increasing cryptocurrency crackdown, Chinese e-commerce giant Alibaba is the next corporation to shut down its cryptocurrency-related services. On Oct. 8, Alibaba’s platform will prohibit the sale of cryptocurrency miners and halt categories for blockchain miners and accessories, according to an official announcement. In addition to prohibiting the sale of crypto mining […]