Due to a serendipitous confluence of political, geographical, and jurisdictional stability, as well as low-cost energy in U.S. states, coupled with Beijing’s recent crypto crackdown, bitcoin mining is booming in the U.S. As the world witnessed the virtually overnight shutdown of bitcoin mining in China, the preparation of certain U.S. states with respect to friendly … Continued
The post U.S. Becomes New Hashrate King Following Ongoing Beijing Crackdown appeared first on BeInCrypto.
Regulators in China continue to try and squash the remaining cryptocurrency miners that remain operational after sweeping bans.
The post China Pushes Further Crypto Measures by Adding Mining to ‘Negative List’ appeared first on BeInCrypto.
Amidst another major crypto clampdown in China, the 4-year old Chinese crypto exchange BitZ shutters its operations.
The post Chinese Crypto Exchange BitZ Announces Closure as Crackdown Continues appeared first on BeInCrypto.
The latest in a recent spate of exchange activity involving Chinese mainland users sees KuCoin removing Chinese users from its database. KuCoin advises them to move their assets elsewhere by 31 December 2021.
The post Kucoin Advises Chinese Customers to Move Assets Amid Crackdown appeared first on BeInCrypto.