Tag: chinese crackdown

Sep 06 2021

Bitcoin Miners are Taking Profits, Where is the Money Going?

Bitcoin miners are notably taking profits off the table, a trend that has been highlighted by crypto markets analytics platform, Glassnode. The Glassnode data shows that events that are crucial on-chain trends can also be well linked to real-life demands. The Bitcoin mining ecosystem took a massive plunge back in the second quarter following the The post Bitcoin Miners are Taking Profits, Where...

Jul 27 2021

Bitmain reveals divestiture plans for Antpool, the leading BTC mining pool

Bitmain, the world's leading Bitcoin mining rig manufacturer recently concluded its semi-annual shareholder's meeting where it revealed the progress of Antpool divestiture, the world's leading Bitcoin mining pool. The mining chip manufacturer received shareholders nod to make its mining pool operations independent of the parent company in the first quarter and completed all the legal The post Bitmain reveals divestiture plans for Antpool,...

Jul 17 2021

Jul 08 2021

Chinese crypto crackdown may extend to Stablecoin after butchering Bitcoin

Jul 08 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

Fan Yifei, Deputy Governor of the People's Bank of China mentioned the speculative nature of both Bitcoin and Stablecoins, at the State Council policy briefing this morning. He said bitcoin and stablecoins are a potential threat to the state’s financial security and social stability, as the decentralized digital currency has become a gateway to money The post Chinese crypto crackdown may extend to...

Jul 06 2021

China’s Top Bitcoin (BTC) Mining Pool Owner Predicts Inevitable End For Crypto Businesses

BTC.TOP and B.TOP CEO, Jiang Zhuoer claimed the foreseeable shut down of the majority of small-scale cryptocurrency businesses in China. He argued that small crypto business owners will face big losses due to a lack of resources to maintain legal offices and companies in China. Amid the infamous Chinese Crypto Crackdown, from the ban on The post China’s Top Bitcoin (BTC) Mining Pool...

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