China | ForkLog

ForkLog 10 29.06.2021

Small hydroelectric plants go on sale in China amid crackdown on miners

Owners of small hydroelectric plants in China are forced to sell equipment amid restrictive measures against Bitcoin miners. The South China Morning Post (SCMP) reports.

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ForkLog 10 29.06.2021

Matthew Graham: Tales of Green Bitcoin Mining Sound Like Lobbying Propaganda

In an exclusive interview with ForkLog editor-in-chief Nikita Shteringard, the investor explained the Chinese authorities' policy toward cryptocurrencies and named the motives behind the latest hard decisions. The interview also discussed green mining, the technological arms race between Washington and Beijing, and signs of a cult within the Bitcoin maximalist community.

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ForkLog 14 28.06.2021

OKCoin and BTCChina respond to China’s crypto crackdown

The cryptocurrency exchange OKCoin liquidated Beijing Lekuda Network Technology Co., Ltd., a Beijing-based company. This was reported by journalist Colin Wu.

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ForkLog 17 28.06.2021

Huobi restricts crypto-derivatives trading for Chinese and British investors

The cryptocurrency exchange Huobi no longer offers derivatives trading in cryptocurrencies to residents of China, the United Kingdom, and several other countries. This is evidenced by the updated user agreement.

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ForkLog 19 28.06.2021

Opinion: China’s era in Bitcoin mining has ended.

Miners are leaving China under government pressure and moving equipment to other regions. The era of China's dominance in this industry can be considered over, said Alejandro de la Torre, Poolin's vice president, in a ForkLog commentary.

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ForkLog 16 27.06.2021

MicroStrategy CEO calls China’s Bitcoin-mining crackdown a trillion-dollar mistake

Restrictive measures against the Bitcoin mining industry in China have been a tragedy for miners and a geopolitical misstep by the authorities. This was the view of MicroStrategy CEO Michael Saylor in an interview with Bloomberg.

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ForkLog 9 25.06.2021

Ethereum hash rate falls 20% amid Chinese miner outages

The Ethereum network's total hash rate fell sharply amid crackdowns on miners in China.

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ForkLog 21 25.06.2021

Poolin halts payouts on ‘hashrate tokens’ amid crackdown on miners in China

Poolin, which controls 11.3% of Bitcoin's hashrate, announced the suspension of payouts of Bitcoin and Ethereum for users who locked hashrate-tokens in the Mars protocol.

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ForkLog 17 24.06.2021

Bitmain offers Chinese miners assistance with relocation abroad.

Representatives of the mining equipment maker Bitmain, at a meeting with clients in Chengdu, the capital of Sichuan province, shared information about organizing business abroad and offered assistance. The company reported this on WeChat.

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ForkLog 7 23.06.2021

Crackdown on Chinese miners drives up supply of used ASIC devices

The volume of used mining devices put up for sale has surged amid the Chinese authorities' decision to halt operations of key miners. This was reported by The Block.

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ForkLog 10 23.06.2021

Experts assess the impact of Kazakhstan’s bitcoin mining levy on Chinese miners’ migration

The Senate of Kazakhstan's parliament passed a bill establishing an additional electricity levy for miners. The document is currently with President Kassym-Jomart Tokayev for signature.

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ForkLog 17 23.06.2021

Foundry vice-president: by the end of June 90% of Chinese miners will have shut down their equipment

About 70% of Chinese cryptocurrency mining companies have already shut down their equipment, and by June 30 their share will be close to 90%, said Kevin Zhang, Foundry's vice-president for business development.

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