As the Chinese government Issues a complete Ban on Bitcoin in the country, this doesn’t mean that the currency will face any setbacks. As of Today, The Chinese government has officially implemented a full and final ban on the mining and trade of Bitcoin across the country. At some point, this may seem a bit…
Ethereum has managed to reach new levels, as miners migrating outside of China have successfully resumed their mining operations with a great comeback. According to reports, Ethereum’s Hash Rate has had a huge rise, as the crypto has managed to achieve a new record of its best hash rate values. It appears that miners have…
Bobby Lee, the CEO of Ballet and a maximalist of Bitcoin (BTC), talked about the implications of the ongoing crackdown of China on cryptocurrency. Although the government is supporting the digital renminbi, Lee proposes that Beijing is not interested in expanding the crypto industry. Lee, based on his collaboration with the government of China in…
More bad news for the crypto mining industry in China as another province, this time Anhui, has gone after the industry. Reports suggest that the provincial energy authorities have issued crypto mining shut down notices to mining facilities throughout the province on the pretext that there is an acute shortage of power supply to consumers….