Cryptocurrency Analysis and News Portal
The province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing higher electricity rates for the mining enterprises that continue to operate in the region. Hainan to Ensure Crypto Miners Pay More for Power The ongoing crackdown
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Qihoo 360 found that 109,000 mining IP addresses were active daily on average in November, mostly in the provinces of Guangdong, Jiangsu, Zhejiang, and Shandong, the company said. Miners mainly use home broadband, enterprise-dedicated internet connections, and data centers, Qihoo 360 said. Original Source
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Chinese crypto news sites ChainNews, Odaily, and information platform Block123, were inaccessible on Wednesday, as the Chinese government continues to crack down on the crypto industry.ChainNews posted its Telegram account on its Twitter on Nov. 15, saying it would be offline for 8-10 hours as the site undergoes maintenance. When
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Huobi Group, a Bitcoin (BTC) technology firm established in 2013, is relocating its spot-trading business to Gibraltar as a precautionary measure following China’s cryptocurrency clampdown.According to a report by Bloomberg, the Gibraltar Financial Services Commission has authorized Huobi to begin moving its spot-trading operations to affiliate Huobi Technology (Gibraltar) Co.
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Crypto lending firm Celsius Network has confirmed it is one of three platforms requested to provide information to the New York Attorney General’s office.In a Tuesday blog post, Celsius said it was not one of the two unnamed crypto lending platforms that New York Attorney General Letitia James ordered to “cease
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The U.S. has become the world’s leader in bitcoin mining following the renewed crackdown on the industry in China, the Cambridge Centre for Alternative Finance (CCAF) said.The latest CCAF data shows the U.S accounting for 35.4% of the global hashrate – the world’s total computational power used to mine bitcoin
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Following sweeping crackdowns by China against Bitcoin mining activity, the United States has now emerged as the leading nation in terms of hash rate.According to the Cambridge Bitcoin Electricity Consumption Index (CBECI), Bitcoin (BTC) miners in America account for 35.4% of the total global BTC mining hash rate distribution.CBECI data
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Arcane Research, a Norwegian cryptocurrency-analysis firm, wrote Tuesday in a weekly report that the Huobi futures contract had previously been one of the most important for bitcoin’s price discovery. “So these developments will present some interesting structural changes in the market onwards,” according to the report. Source
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Organizers of various crypto communities on WeChat are shutting down their private groups following the latest crackdown from China’s central bank, according to screenshots obtained and authenticated by CoinDesk.Among these groups are crypto exchange giant FTX, which until recently was based in Hong Kong; proof-of-stake blockchain network Tezos; and derivative
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“For domestic staff of relevant overseas virtual currency exchanges, as well as legal persons, unincorporated organizations and natural persons who know or should know that they are engaged in virtual currency-related businesses and still provide them with services such as marketing promotion, payment and settlement, technical support, etc., they shall
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