Theand 10 other regulatory bodies announced, on 24 September, that China will step up its crackdown on virtual currency “mining” activities and strictly ban new “mining” projects. The orderly termination of existing projects will be stepped up and efforts will be made to optimise associated r...
"That means that more than 90 percent of Bitcoin mining capacity, or one-third of the global crypto network's processing power, will be suspended in the short term. As a result, Chinese miners must form alliances to migrate overseas, to places such as North America and Russia," Shentu not...
Musk is an outspoken supporter of the cryptocurrency but reversed course in recent weeks. The CEO bought $1.5 billion worth of bitcoin in February, before citing energy consumption in bitcoin mining as a concern to stop accepting payment for Tesla cars in cryptocurrency last week, while...
Beijing's crypto bans came as miners were already heading to Sichuan and Yunnan, two of the main provinces for crypto mining, thanks to their decentralized constellation of thousands of dams. Compared to the coal plants in the northern provinces of Xinjiang and Inner Mongolia, which were once b...
Players in China's crypto mining industry were also broadly unfazed by the latest crackdown, again citing the difficulties regulators would have in identifying transactions. China-based miners have the opposite problem to investors, as they already have bitcoin which they need to change for yu...
China's crypto crackdown wipes out nearly $300 billion in market value China's renewed crackdown on the cryptocurrency industry has wiped off around $400 billion in value from the total digital currency market since Friday, when a major bitcoin mining hub ordered miners to shut down operations...
crypto-mining in 2021, but banning the metaverse may be a detriment to the country’s aims to become theglobal leader in AI by 2030. While the Chinese government has not explicitly banned NFTs or the metaverse, the People’s Bank of China has hinted about surveilling the space due to the...
crypto-might-not-suck –Crypto Projects that Might not Suck. cscs –Coding Style Conventions and Standards. css-in-js –CSS in JS techniques comparison for React et al. css-resources curated-list-espresso-sugar-plugins –Sugar plugins for Espresso, the code editor by MacRabbit. Curated-List-...
This con artist I bumped into made me believe cryptocurrency trading and mining are so easy. All I had to do was register his crypto mining website, and make a deposit into my account while they sorted out the rest for me. After a few deposits, I was running into hundreds of thousands...
More: CoinDesk, The Block, Wu Blockchain, Cryptopolitan, Bitcoinist.com, Decrypt, Cointelegraph, Bitcoin News, and crypto.news. Mastodon: @carnage4life@mas.to Jaran Mellerud / Hashrate Index: Analysis: publicly listed bitcoin mining companies collectively owe $4B+, led by bankrupt Core Scientif...