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BeePool, the world’s fourth-largest Ethereum mining pool in terms of processing power, or hashrate, will suspend all its services to miners starting on Oct. 15 at 15:59 UTC (11:59 a.m. ET), the company said on Tuesday.For now, the China-based mining pool operator has suspended registrations for new users and new
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Chinese e-commerce giant Alibaba is the next company to wrap its cryptocurrency-related services in response to the ongoing crypto crackdown in China.Alibaba officially announced Monday that its platform will prohibit sales of cryptocurrency miners and suspend categories for blockchain miners and accessories from its website on Oct. 8.In addition to
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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. Major Crypto Exchanges Stop Signing Up Chinese
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Hangzhou-based SparkPool said it had initially stopped providing services to new users in China as of Sept. 24, and would completely suspend services to all its existing users, both in China and abroad, as of Sept. 30, in a message to users dated Sept. 26. Source
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Singapore startup Cyberdyne Tech Exchange (CTE) sold its first tranche of carbon neutrality tokens backed by Chinese carbon credits, according to a Monday press release.The exchange said it would sell the tokens, dubbed Carbon Neutrality Token (CNT), back in July.CTE sold tokens corresponding to 5,000 metric tons of carbon credits
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The uncertainties sparked by China’s blanket ban on crypto trading have taken a downturn as homegrown crypto exchanges such as Houbi take proactive measures to protect and return existing investments residing on the mainland. Speaking to Cryptox in this regard, Du Jun, co-founder of Huobi Group, said that the crypto exchange
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The BSN is backed by Chinese government-adjacent entities, including the State Information Administration Center, state-owned telecom China Mobile, payments provider China UnionPay, and the National Reform and Development Commission, China’s macroeconomic planning institution under its cabinet. Source
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Just a day ago, the People’s Bank of China (PBoC) published a notice containing vastly stricter restrictions on crypto trading, so strict that they would effectively ban it, if enforced rigorously. According to the notice, which was co-signed by ten agencies, anyone facilitating trades is subject to legal prosecution, including
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GIGXPAD, a decentralized finance (DeFi) project based in Africa, is partnering with public blockchain network Conflux to tokenize real-world assets in the country, according to a company statement shared with Forkast.News. Fast facts The collaboration, which marks the Chinese blockchain Conflux’s first use case in Africa, will see GIGXPAD deploying a decentralized
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The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.The People’s Bank of China (PBoC) officially announced on Friday a set of new measures to fight against crypto adoption in China, including promoting stronger
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