Bitcoin Mining Surges in Thailand After Chinese Crackdown

Bitcoin mining continues to surge in Thailand after China’s crackdown. Local buyers purchased the gear and used it regionally. Following China’s crackdown is the surge of bitcoin mining in Thailand. Thai buyers... Read more »

China’s crypto crackdown sparks Thai crypto-mining boom | Business and Economy News

Bangkok, Thailand – The second the axe fell on China’s large cryptocurrency mines, Thai entrepreneur Pongsakorn Tongtaveenan was able to swoop – shortly shopping for up redundant pc processors wanted to retrieve... Read more »

Huobi to stop servicing Chinese users as China vows strict crackdown on crypto

After China’s newest transfer to crack down on crypto, Huobi has introduced that it’s going to stop permitting Chinese residents to register on its platform. China lately issued one other replace, stating... Read more »

China’s crypto crackdown shows a global shift in power

China’s multiyear crackdown on the crypto business could have reached its apex on Friday, cementing a shift in the steadiness of power away from one of many international locations that first embraced... Read more »

Cryptocurrencies bounce back from China crackdown

FILE PHOTO: Representations of cryptocurrencies Bitcoin and Ethereum are positioned on PC motherboard on this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration SINGAPORE (Reuters) – Cryptocurrencies traded firmly on Monday, having rebounded... Read more »

A Timeline of China’s Crypto Crackdown Shows a Global Shift in Power

(Bloomberg) — Most Read from Bloomberg China’s multiyear crackdown on the crypto business could have reached its apex Friday, cementing a shift in the stability of energy away from one of the... Read more »

Bitcoin plummets after China intensifies cryptocurrency crackdown

By Shawn Deng and Chris Liakos, CNN Business China is intensifying its crackdown on cryptocurrencies. Chinese authorities companies together with the nation’s securities regulator and the People’s Bank of China (PBOC) stated... Read more »

Data center operators have ‘no problem’ with new Russian crypto crackdown

BitRiver, the biggest cryptocurrency mining colocation companies supplier in Russia, is unlikely to be affected by a new crypto crackdown from the Bank of Russia, in keeping with the agency’s CEO. On... Read more »

Crypto tax-reporting changes may lead to IRS crackdown

The bipartisan infrastructure invoice consists of necessities for brokers to report their prospects’ cryptocurrency beneficial properties to the Internal Revenue Service, however precisely what constitutes a dealer is stirring controversy. As one... Read more »

South Korea crypto crackdown to wipe $2.6bn from ‘kimchi coins’

Korean crypto merchants are price 3 trillion gained ($ 2.6 billion) as two-thirds of South Korea’s crypto exchanges can be worn out by a regulatory overview, one of many world’s largest digital... Read more »