China | ForkLog

ForkLog 20 29.09.2021

Bitmain to halt sales of mining equipment in China

One of the world’s largest manufacturers of cryptocurrency mining equipment, Bitmain, plans to suspend sales to Chinese miners. CoinDesk reports this, citing its own sources.

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ForkLog 8 28.09.2021

China’s crackdowns spark interest in UNI, but do not boost Uniswap’s on-chain activity

Total Value Locked on Uniswap remains at August lows, with user activity down to January levels. A fresh wave of pressure from Chinese authorities on the industry spurred a surge in UNI purchases, but did not improve on-chain metrics.

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ForkLog 38 28.09.2021

BeePool mining pool to shut down amid industry pressure in China

On 15 October 2021, one of the largest Ethereum mining pools, BeePool, will cease operations “in light of the latest regulatory requirements.” This is stated on the site.

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ForkLog 21 28.09.2021

Three crypto platforms impose restrictions on Chinese users

Beijing's repressive policy toward the cryptocurrency industry has forced several companies to restrict services for clients in mainland China. One of them has announced a closure.

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ForkLog 7 28.09.2021

Opinion: The United States should hold Bitcoin reserves amid China’s crackdown

The United States should take the opposite position to China and buy Bitcoin, said Blake Masters, chief operating officer of Thiel Capital.

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ForkLog 19 28.09.2021

Bobby Lee predicts the closure of OTC platforms in China

Pressure from Chinese authorities on the crypto industry will lead to the closure of OTC platforms run by major exchanges. Bobby Lee, co-founder and former BTCC head, said this in an interview with CoinDesk.

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ForkLog 30 28.09.2021

Media: China blocks CoinGecko and CoinMarketCap services.

Crypto analytics services CoinGecko and CoinMarketCap have become unavailable to residents of mainland China.

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ForkLog 15 27.09.2021

Alibaba to ban sale of Bitcoin miners

From 8 October 2021, Alibaba, the Chinese e-commerce giant, will prohibit the sale on its platform of equipment used to mine Bitcoin and other cryptocurrencies.

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ForkLog 16 27.09.2021

SparkPool to cease operations in China and abroad; F2Pool to restrict services in China

The largest Ethereum mining pool, SparkPool, will cease operations in China and abroad.

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ForkLog 25 27.09.2021

Singapore-based startup tokenises carbon credits from a Chinese wind-energy project

The Singapore-based startup Cyberdyne Tech Exchange (CTX) has completed the first tranche of tokens backed by carbon credits from a wind-energy project in Zhangjiakou, Hebei Province.

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ForkLog 19 27.09.2021

Robert Kiyosaki Predicted a Stock-Market Crash and Said Bitcoin Could Fall

Robert Kiyosaki, author of the bestseller 'Rich Dad, Poor Dad' and entrepreneur, forecast a 'giant stock market crash in October'. In his words, gold, silver, and Bitcoin will face the same fate.

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ForkLog 14 27.09.2021

Authorities in Inner Mongolia seize more than 10,000 mining devices

Authorities in China's Inner Mongolia have confiscated 10,100 cryptocurrency mining devices. Local media report this. The equipment was found at the site of a state technology park in Bayan-Nur district. As of now, Inner Mongolia has closed 45 mining farms, the statement says. In May, Liu He, vice-premier of the State Council of China, announced forthcoming measures in relation to mining and the trading of Bitcoin. In the same month, the state information agency Xinhua criticised cryptocurrency mining. Thereafter, restrictive measures against the digital-currency mining industry were taken by the authorities of Inner Mongolia, Qinghai, Sichuan, Xinjiang and Yunnan. The bans led to a mass exodus of industry participants from China. However, according to the Cambridge Centre for Alternative Finance (CCAF), the country lost dominance in Bitcoin mining as early as spring. On 24 September, news emerged of further crackdowns by China against the cryptocurrency industry. The National Development and Reform Commission of China pointed to the negative environmental impact of mining and its 'insignificant' contribution to the country's economy. Earlier, Inner Mongolia's Development and Reform Commission hired a contractor to provide a solution for monitoring operations involved in illegal cryptocurrency mining. Subscribe to ForkLog news on VK!

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#China