Tag: china crypto ban

Dec 03 2021

Charlie Munger Praises China’s Crypto Ban, Deems Crypto “Crazier than dot-com era”

The American billionaire investor, and the vice chairman of Warren Buffett’s Berkshire Hathaway, Charlie Munger presented his two cents about crypto, and it's not a good look for the community. Today, at the Sohn Hearts and Minds conference, Munger expressed his extreme anti-crypto views, saying that he wishes cryptocurrencies had "never been invented". He claimed The post Charlie Munger Praises China’s Crypto Ban,...

Nov 18 2021

China Crypto Ban: Pyramid Scheme with over 100,000 members CAUGHT!

Nov 18 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

Chinese authorities are determined to clean crypto off the face of China, and its latest crackdown proves that they are getting closer to their aim. Today, the Xuzhou police unveiled their success in cracking down one of the biggest cryptocurrency pyramid schemes in China, which involved 110,000 members nationwide. Furthermore, the authorities seized approximately 1 The post China Crypto Ban: Pyramid Scheme with...

Nov 16 2021

China Crypto Ban: Authorities to Hike Power Prices for companies disobeying Crypto Mining Ban

Nov 16 2021 Published at Coingape under tags  bitcoin mining ban btcbrl btcbusd btcdai btceur

Amid the ongoing crypto ban in China, the authorities are isolating specific categories of companies to clamp down on any crypto operations taking place in the nation, and this time around the Chinese regulators have targeted their own, state-owned entities. The government has warned the enterprises to quit cryptocurrency mining and could potentially impose a The post China Crypto Ban: Authorities to Hike...

Oct 29 2021

Oct 25 2021

Oct 23 2021

China Targets NFT Market After Blanket Ban on Crypto, Here’s Everything You Should Know

Oct 23 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The latest development in the Chinese crypto crackdown saw the authorities limit Non-Fungible Tokens (NFTs) to mere digital collectibles, i.e., they cannot be traded for-profit anymore, levying a ban on NFTs as part of the decentralized business. According to the Chinese Journalist, Colin Wu, the regulatory framework around NFTs is next in line with strengthened The post China Targets NFT Market After Blanket...

Oct 20 2021

Oct 14 2021

China Crypto Ban: World’s largest Bitcoin mining pool to block IP access from mainland China

Oct 14 2021 Published at Coingape under tags  ant pool btcbrl btcbusd btcdai btceur

The latest update in the Chinese crypto ban saw the world's largest Bitcoin mining pool, Ant Pool give in to the regulatory crackdown and announced blocking IP access in mainland China, effective from 15th October. Additionally, amid a global crypto takedown, Ant Pool has also revealed the upcoming launch of its exclusive KYC verification system The post China Crypto Ban: World’s largest Bitcoin...

Oct 13 2021

Breaking: Chinese Zunyi Police Arrests 100 People in $130 Million Crypto Money Laundering Case

Oct 13 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The latest update in the Chinese Crypto Ban saw the Zunyi City Public Security Bureau arrest nearly 100 suspects for running one of the largest virtual currency money-laundering rackets, amounting to 800 million yuan, i.e., $130 Million in laundered money. Furthermore, the police revealed that the money laundering gang used exchange giants like Huobi, Okex, The post Breaking: Chinese Zunyi Police Arrests 100...

Oct 12 2021

Oct 09 2021

Powercrypto Choses Hong Kong to Launch Crypto Mining Fleets for BTC & ETH Amid China Crackdown

Oct 09 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

Chinese authorities are now going hammer and tongs to decimate the crypto mining industry in the country. As a result, some big players are now looking to make Hong Kong their base of operations. On Friday, October 8, Powercrypto Holdings - a subsidiary of Powerbridge Technologies - has announced to launch a fleet of crypto The post Powercrypto Choses Hong Kong to Launch...

Oct 08 2021

China Crypto Ban: Over 20 cryptocurrency companies withdraw from Chinese market

Oct 08 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The latest development in the Chinese Crypto ban has revealed that, as of October 7, over 20 virtual currency companies have suspended services for Chinese users, followed by an absolute withdrawal from the Chinese market, according to local news sources cited by the Chinese Journalist, Colin Wu on Twitter. China Securities Daily: Over 20 cryptocurrency The post China Crypto Ban: Over 20 cryptocurrency...

Sep 29 2021

Sep 24 2021

Jun 02 2021

Canaan Asks Chinese Authorities to Reconsider Clean Energy Bitcoin Mining Operations

China's biggest mining rig manufacturer Canaan has appealed to Chinese authorities to reconsider its indiscriminate ban on crypto mining activities in the country. Last month, China's State Council announced a ban on...

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