US Bitcoin Mining Lead Over China Confirmed as Major Pools Shut Door on Chinese Users

New data from the latest update to the Cambridge Bitcoin Electricity Consumption Index (CBECI) at the Cambridge Centre for Alternative Finance (CCAF) has confirmed that the leading share of global Bitcoin network hashrate now sits in the US. The geographic shift happened barely two months after China banned crypto mining activities within its borders in May … Read moreUS Bitcoin Mining Lead Over China Confirmed as Major Pools Shut Door on Chinese Users

China Set to Blacklist Crypto Mining as Country’s Biggest Bank Cuts Off Forex Business Accounts

China’s state planner has indicated yet another push by the government to cut Chinese users from engaging in any form of crypto-related activity according to a document made public on Friday October 8.  The National Development and Reform Commission (NDRC) shows in the document that China has added cryptocurrency mining to a draft list of … Read moreChina Set to Blacklist Crypto Mining as Country’s Biggest Bank Cuts Off Forex Business Accounts

Insiders Cite Mixed Implications of China’s Anti-Crypto Stance 

China’s recent declaration of all crypto transactions as illegal is going to have several mixed implications for stakeholders, some industry experts have said. In a series of interviews on financial media channel, Bloomberg, the experts touched on what they think will become of the “the most direct, most comprehensive crypto regulation involving the largest number … Read moreInsiders Cite Mixed Implications of China’s Anti-Crypto Stance