Chinese hydropower plants on sale as crypto miners move abroad
Advertisements for small-scale hydro plants have reportedly surged on Chinese secondhand e-commerce platforms. Go to Source Powered by WPeMatico
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Myriad Proof-of-Work Blockchains See Significant Hashrate Losses
While there’s been a lot of concentration on bitcoin mining crackdowns in China and Bitcoin’s recent hashrate loss on Monday, many other digital assets have seen hashrates drop significantly as well. Some of the largest digital currencies, in terms of market valuation, lost considerable dedicated hashpower over the last few days. PoW Chains Feel the … Read more
Jefferies’ Equity Strategist Expects Accommodating US Crypto Regulation Unlike China’s Authoritarian Model
The head of global equity strategy at Jefferies, an investment bank and asset management firm, says that cryptocurrency regulation in the U.S. would “ultimately be very positive” for bitcoin or other crypto assets. It will also be more accommodating than China’s authoritarian approach to crypto regulation. US Regulation Would ‘Ultimately Be Very Positive’ for Mass … Read more
Bitcoin Hashrate Drops 35% Intraday — Mining Difficulty to Drop by 23%
Bitcoin’s hashrate experienced a large drop of almost 35% in a single day. The hashrate plummeted from 108 exahash per second (EH/s) yesterday to today’s 69 EH/s, seeing one of the sharpest declines in the network. This might be a consequence of the situation going on with miners in China. Numbers further estimate a mining … Read more
Huobi Prohibits Chinese Residents From Leveraging Cryptocurrency Derivatives
The Seychelles-based cryptocurrency exchange originally founded in China, Huobi, has officially banned Chinese residents from swapping cryptocurrency derivatives, according to the company’s revised user agreement. China is now listed as prohibited and residents from the country are forbidden to use Huobi’s service. Chinese Citizens Are Now Banned From Huobi’s Crypto Derivatives Products The digital currency … Read more
Huobi bans crypto derivatives trading for users in China
Chinese users will no longer be able to trade crypto derivatives on the Huobi exchange amid a broader cryptocurrency crackdown from the government. Go to Source Powered by WPeMatico
Operator of China’s first Bitcoin exchange reportedly exits crypto
BTCChina has reportedly sold its stake in the Singapore-registered Bitcoin exchange ZG.com. Go to Source Powered by WPeMatico
Shanghai Man: China retains mining control? Alipay’s ancient NFTs and Amber’s big raise
A look at miners shifting hardware overseas, Amber raises $100m, and Bitmain temporarily shuts down sales among dropping hashrate sales. Go to Source Powered by WPeMatico
Waiting game: Why Friday’s $6B in Bitcoin and Ethereum expiries may not move the market
Traders are looking for BTC and ETH to make a decisive move ahead of Friday’s $6 billion in quarterly futures and options expiries, but what does back-tested data show? Go to Source Powered by WPeMatico
Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices
While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries. Official Crypto Mining Rig Dealers Are Either Sold-out or Suspending Deliveries, Second-Markets Explode With Mining Products … Read more