U.S. Becomes New Hashrate King Following Ongoing Beijing Crackdown

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

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How NFTs managed to thrive in China despite stringent crypto regulations

The pace of innovation, growth, and excitement around NFTs has grown exponentially over the past few years. With China’s McDonald’s giving away over 188 NFTs on its 31st anniversary, NFTs have managed to find wiggle room out of the China ban, how…

Kucoin Advises Chinese Customers to Move Assets Amid Crackdown

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.

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In a first, DEX platform dYdX surpasses Coinbase in trade volumes

“Virtual currency-related business activities are illegal financial activities…seriously endangers the safety of people’s assets.” This was the statement released a couple of days ago by the People’s Bank of China. Post Ch…

Authorities seize over 10,000 crypto mining machines in Inner Mongolia, China

China’s series of crackdowns on Bitcoin mining keeps making headlines within the crypto community. Parts of the country like Anhui and the Yunan Province announced their intention to crackdown on Bitcoin mining earlier this year. Earlier, Sichuan provi…