The ETH hashrate drops 25% after the mining clampdown in China which means that the bitcoin network was not the only victim of it as we can see in our latest Ethereum news today. The ETH hashrate drops 25% since its peak in mid-May and this is the direct result of china’s crackdown on crypto […]

The Bitcoin network is not the only victim of China’s ongoing mining crackdown as a substantial amount of Ethereum is also mined on the mainland.

China’s crackdown on Bitcoin mining sparks a restructuring of the distribution of the ecosystem, impacting the hash rate in the short run.

In this episode of the BeInCrypto video news show, host Jessica Walker takes a closer look at the recent crypto crash. We’ll...

Miners relocating out of Bitcoin mining regions in China have flooded the market with…

The post Bitmain Halts Sales Of Bitcoin Mining Rigs Amid China’s Crackdown appeared first on Coin Journal.

The Bank for International Settlements starts backing central bank digital currencies after it gave full approval to the development of the CBDCs because they are aiming to modernize finance as we can see more in our latest cryptocurrency news today. The BIS which is often called a central bank to the world’s central banks is […]

The Bank for International Settlements (BIS) has given full approval to the development of central bank digital currencies (CBDCs), saying they are needed to modernize finance.

The price of the leading cryptocurrency bitcoin sank Monday on reports that China has intensified its crackdown on cryptocurrency mining. Bitcoin fell 7% to a price of $32,801, dropping below $33,000 for the first time since June 8, according to data from CoinMarketCap. At the time of writing, the price of bitcoin is trading just […]

China intensified law enforcement against domestic Bitcoin mining activities. Bitcoin mining sites in Sichuan Province were reportedly massively blackout and lost their abilities...

As China is continuing to crack down on Bitcoin and cryptocurrency mining and trading, more provinces in the country are implementing the decision. However, in an attempt to stop such environmentally unfriendly and high-energy-consuming activities, the prices of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) are negatively being affected.

On Friday, June 18, Chinese authorities intensified their crackdown on crypto mining activities in the Southwestern Sichuan province. The authorities issued the notice to local miners to shut down their operations on an immediate basis. As reported by Reuters, the joint notice came from The Sichuan Provincial Development and Reform Commission, and the Sichuan Energy

The post Chinese Authorities Order Sichuan-based Crypto Miners to Shut Down Operations appeared first on Coingape.

Gajesh Naik is the developer behind a DeFi protocol that's managed nearly $7 million in cryptocurrency—he's also just 13.