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Category: Chinese crackdown

Bitmain reveals divestiture plans for Antpool, the leading BTC mining pool

Bitmain, the world’s leading Bitcoin mining rig manufacturer recently concluded its semi-annual shareholder’s meeting where it revealed the progress of Antpool divestiture, the world’s leading Bitcoin mining pool. The mining chip manufacturer received shareholders nod to make its mining pool operations independent of the parent company in the first quarter and completed all the legal

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Black Rock Petroleum Company Set to Operate 1 Million Chinese Bitcoin Miners

Black Rock Petroleum company is all set to host and operate 1 million Bitcoin mining machines across its gas reserves under its new agreement. The petroleum company has signed a binding agreement with Optimum Mining Host Limited Liability Co to host and operate millions of Bit Miners being relocated from China. It will deploy all

The post Black Rock Petroleum Company Set to Operate 1 Million Chinese Bitcoin Miners appeared first on Coingape.

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Chinese crypto crackdown may extend to Stablecoin after butchering Bitcoin

Fan Yifei, Deputy Governor of the People’s Bank of China mentioned the speculative nature of both Bitcoin and Stablecoins, at the State Council policy briefing this morning. He said bitcoin and stablecoins are a potential threat to the state’s financial security and social stability, as the decentralized digital currency has become a gateway to money

The post Chinese crypto crackdown may extend to Stablecoin after butchering Bitcoin appeared first on Coingape.

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China’s Top Bitcoin (BTC) Mining Pool Owner Predicts Inevitable End For Crypto Businesses

BTC.TOP and B.TOP CEO, Jiang Zhuoer claimed the foreseeable shut down of the majority of small-scale cryptocurrency businesses in China. He argued that small crypto business owners will face big losses due to a lack of resources to maintain legal offices and companies in China. Amid the infamous Chinese Crypto Crackdown, from the ban on

The post China’s Top Bitcoin (BTC) Mining Pool Owner Predicts Inevitable End For Crypto Businesses appeared first on Coingape.

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China: Hydropower Plants Up For Sale As Crypto Miners Rush to Leave China

Chinese online second-hand market is now seeing a surge in small hydropower plant listing over the past couple of weeks as crypto miners rush to leave the country.  As per a report in SCMP owners of these small hydropower plants are selling their stations in light of depleting demand for Bitcoin mining energy supply in

The post China: Hydropower Plants Up For Sale As Crypto Miners Rush to Leave China appeared first on Coingape.

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