Following a ban on Bitcoin mining in China, many operations fled to neighboring Kazakhstan. Now, changing regulations raise questions about their future.

Billionaire Chamath Palihapitiya recently ranked China's cultural genocide of its Uyghurs low on his list of things he cares about.

The post Bitcoin bull Chamath Palihapitiya reckons ‘nobody cares’ about Uyghur genocide appeared first on Protos.

  By FintechNews staff When China’s bitcoin crackdown came into effect, many speculated that the industry would never recover. Amazingly, though, the ban served to highlight both the resilience of the sector and the entrepreneurial spirit of the miners who keep the wheels of the blockchain turning. There are many reasons behind China’s bitcoin ban. […]

The post Why China´s ban played great for Bitcoin appeared first on Fintech News.

The multinational semiconductor company Bitmain Technology Holding announced that from October 11, 2021, Bitmain's Antminer will stop shipping to mainland China in order to comply...

As the saying goes "one man's trash is another man's treasure", China has kicked out 90% of Bitcoin miners, but the rest of the world seems to be benefiting from the move. Kazakhstan is now reaping the benefits of crypto miners fleeing China, while Beijing continues to lose revenue and vital technology.

In recent times, China has made moves to halt all forms of Bitcoin mining in its vicinity. According to the government, the operation is consuming more energy than necessary. There have been concerns on how the crackdown will affect crypto prices, given that other countries also picked up the trend. China’s action led to a […]

Bitcoin’s difficulty score has dropped for the fourth consecutive time.

Bitcoin’s difficulty ribbon compression indicator, an indicator that takes advantage of its difficulty ribbon indicator to measure market capitulation, has just started “pumping,” which historically has meant the price of BTC is about to move up. As YouTuber The Moon pointed out, the indicator has started pumping for the first time during this bull cycle, […]

Kazakhstan has emerged as the third-biggest player in the crypto mining scene, with a six-fold increase in its share of global Bitcoin mining.

The diversified location of Bitcoin mining facilities following China’s crackdown is great news for the rest of the world, iMining CEO Khurram Shroff says.

Following a crackdown against cryptocurrencies, blockchain consultancy firm, IBC group has decided to terminate its mining operations in China.

It’s unclear if the shutdowns are on account of orders handed down from above or the results of China’s introduced regulatory crackdown on crypto miners. Reports alleged that cryptocurrency miners in China’s Yunnan province could also be out of fee for a day if not longer because of the Chinese Communist Party’s one hundredth anniversary […]

The post Crypto miner claims all main Yunnan operations shut down upfront of CCP anniversary appeared first on Bitcoin Upload.