News about CHINA

News about China

Remember when China was like, “you know what? No more mining.”

And Bitcoin was like, “say what again motherfucker!” And crypto said, “say what one more goddamn time!” And the bull run was all, “I dare you. I double dare you!” And then you remember when the hash rate recovered and the US government tried to pass...

"Another major piece of FUD is which country controls most of the bitcoin as it seems China and USA have a dominant control over mining operations which makes many believe that there is nothing stopping one country from attacking the network."

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China bans financial, payment institutions from cryptocurrency business

https://www.reuters.com/technology/chinese-financial-payment-bodies-barred-cryptocurrency-business-2021-05-18/ So, what do you all think, will other governments follow suite? Like the US government, at this time with the US dollar they can just prin...

The market no longer cares about China FUD. They shut down 11 exchanges and we are still climbing back up

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China’s crypto crackdown fallout and what happens next

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People’s Bank of China in Shenzhen ‘cleans up’ illegal crypto firms

The Shenzhen branch of the People’s Bank of China has launched a special “rectification” program against illegal crypto-related activities, beginning with a crackdown on 11 emerging compa...

Kazakhstan Surges to Third Place in Global Bitcoin Mining, Behind China and US

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People’s Bank of China Targets Crypto Companies in Shenzhen Crackdown

The Shenzhen office of the People’s Bank of China (PBOC) has reportedly set out to correct the business activities of about a dozen companies allegedly engaged in cryptocurrency transactions. According to Chinese media, the entities have been t...

Bitcoin Mining Revenue Up $35 Million Per Day Since China Crackdown

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China’s Mining Exodus Flows To US. Is Texas The New Promised Land?

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Effects of China ban: Bitcoin network did not skip a single beat. Zero downtime. Bitcoin mining became more globalized, more renewable.

This spring, an entire country – which signified 54% of bitcoin's total hashrate – went offline, and bitcoin didn't miss a beat. "There was no downtime whatsoever to the bitcoin network. That's actually the smartest part of the bitc...

Five North American firms mined 58% more bitcoin in July thanks to China

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Bitcoin does not Care about China, Elon Musk or 87 Year Old U.S. Senators as Bulls Remain in Charge of Price

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Could The New “China Model” Be The Reason The Country Banned Bitcoin Mining?

What is the new “China Model”? And why would that country ban an industry that made them the ultimate leaders in the most important development in recent times? The world is still scratching its head. There has to be something else to this story. Is...

We spend as much as China, Russia, India, France, Germany, UK, Japan, South Korea, And Brazil COMBINED on military! That’s about 55% of our discretionary spending! Not enough apparently! Let’s add another 50B on top of that!

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'Up to 1 million' bitcoin processors could be relocated to Alberta from China under energy firm's proposal

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Stuck in the Cold War Between America and China, Venezuelans Have No Recourse but Bitcoin. The Venezuelan people just want to stop surviving and start living.

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The world is bigger than only China and the US

With the upcoming regulations in the US we shouldn’t lose our hopes for mass adoption of Crypto. It is only a matter of time when countries that are poorer realize the potential of crypto and have it fan benefit them. This bill doesn’t kill crypto, i...

The Great Exodus From China Continues — The Future of Bitcoin Mining Lies in North America. China may well have to regret its Bitcoin ban in a few years.