China – Page 70 – DIGIT INFO

Bitcoin price dips to $32.5K on ‘consistent’ new China FUD

BTC/USD sheds $1,000 almost instantly as China’s third-largest bank puts the cats amongst the pigeons in early trading.

Bitcoin hashrate hits 8-month low as Chinese miners power down

Bitcoin’s hashrate plummets to roughly 91 EH/s as Sichuan miners close up shop.

Sichuan Mining Farms Begin to Shut Down — Seven-Day Stats Show Bitcoin’s Hashrate Plummeting

The hashrate of the Bitcoin network has been steadily falling since June 14 and after Sichuan miners were told to prepare operation shutdowns. Sichuan is the second-densest province in China where most miners are located, according to data stemming from the University of Cambridge. Bitcoin’s hashrate is now hovering just above 100 exahash per second […]

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Figuring Out How Much Bitcoin Hashrate Resides in Mainland China Still a Mystery

Over the last few weeks, there have been many reports about crackdowns in China tied to bitcoin mining operations in various provinces. 30-day statistics show the hashrate has been fluctuating wildly, and across the last week it has slid downward roughly 26%. Reports Show Bitcoin Mining Crackdowns in Five Chinese Provinces Despite the slide, the […]

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Data suggests the strong US dollar makes Bitcoin weaker argument is flawed

Analysts and traders are linking Bitcoin’s bearish turn with the growing strength of the U.S. dollar, but data suggests otherwise.

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Over 3,000 ATMs in Beijing Offer Digital Yuan Withdrawals

Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able to exchange their e-CNY funds for cash and vice versa. Some of the teller machines are located in a popular shopping area. Banks Launch Support for Digital Yuan at ATMs […]

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Chinese Bitcoin mining shakeout may have surprise BTC price consequences — analyst

Bitcoin’s production cost is dropping, and price action often rebounds to new highs if it dips below it, data shows.

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Officials in Sichuan Instruct Bitcoin Miners to Shut Down Operations: Report

According to regional reports, bitcoin miners in Sichuan have been told by the Ya’an municipal government that they have until June 25 to shut down operations. Sichuan has been eyed closely in recent times as it’s estimated that a large demographic of miners are situated in the region. Sichuan Ya’an Energy Bureau Tells Bitcoin Miners […]

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