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% Bitcoin falls as Chinese regulator intervenes in cryptocurrency mining - The News Pocket 0 0 HomeAutomobileBusinessTechnologyEntertainmentInternetSportsReviews 0 Business <h1>Bitcoin falls as Chinese regulator intervenes in cryptocurrency mining</h1> Posted by By Maria Janulis May 27, 2021 Bitcoin falls as Chinese regulator intervenes in cryptocurrency mining According to the latest news, in China, cryptocurrency services like Huobi Mall and BTC.TOP are suspending their operations in the region. Chinese local government has ramped up its efforts to crack down on Bitcoin mining and trading causing chaos all over the digital currency ecosystem.
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% Bitcoin falls as Chinese regulator intervenes in cryptocurrency mining - The News Pocket 0 0 HomeAutomobileBusinessTechnologyEntertainmentInternetSportsReviews 0 Business

Bitcoin falls as Chinese regulator intervenes in cryptocurrency mining

Posted by By Maria Janulis May 27, 2021 Bitcoin falls as Chinese regulator intervenes in cryptocurrency mining According to the latest news, in China, cryptocurrency services like Huobi Mall and BTC.TOP are suspending their operations in the region. Chinese local government has ramped up its efforts to crack down on Bitcoin mining and trading causing chaos all over the digital currency ecosystem.
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Sophie Martin 1 minutes ago
IndianExpress reported that a State Council committee led by Vice Premier Lio announced the ban earl...
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Oliver Taylor 2 minutes ago
Note that crypto mining is a major business in China. China accounts for as much as 70 per cent of t...
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IndianExpress reported that a State Council committee led by Vice Premier Lio announced the ban earlier this month. This was the first time that the council targeted virtual currency mining.
Mia Anderson Member
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IndianExpress reported that a State Council committee led by Vice Premier Lio announced the ban earlier this month. This was the first time that the council targeted virtual currency mining.
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Note that crypto mining is a major business in China. China accounts for as much as 70 per cent of the world’s crypto supply.
Grace Liu Member
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Note that crypto mining is a major business in China. China accounts for as much as 70 per cent of the world’s crypto supply.
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Ryan Garcia 10 minutes ago
When the news became public Bitcoin took a major hit. It fell nearly 50 per cent from its all-time h...
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Isabella Johnson 12 minutes ago
Bitcoin falls as Chinese regulator intervenes in cryptocurrency mining In an official statement, Huo...
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When the news became public Bitcoin took a major hit. It fell nearly 50 per cent from its all-time high value. Just a month ago, back in April, it touched its all-time high of around 64,895 US Dollars.
Harper Kim Member
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When the news became public Bitcoin took a major hit. It fell nearly 50 per cent from its all-time high value. Just a month ago, back in April, it touched its all-time high of around 64,895 US Dollars.
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Luna Park 1 minutes ago
Bitcoin falls as Chinese regulator intervenes in cryptocurrency mining In an official statement, Huo...
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Bitcoin falls as Chinese regulator intervenes in cryptocurrency mining In an official statement, Huobi Mall announced it is going to suspend all of its custody businesses in China for the time being. The statement was shared via Telegram to its core community.
Hannah Kim Member
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Bitcoin falls as Chinese regulator intervenes in cryptocurrency mining In an official statement, Huobi Mall announced it is going to suspend all of its custody businesses in China for the time being. The statement was shared via Telegram to its core community.
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However, it also said, that it is currently contacting its overseas service providers so clients should not worry and calm down. In a similar fashion, BTC.TOP announced the suspension of its Chinese business due to the regulatory risks. Its founder Jiang Zhuoer said, “In the long term, nearly all of Chinese crypto mining rigs will be sold overseas, as Chinese regulators crackdown on mining at home.” It is worth mention that in 2017, China had lost its position as a global cryptocurrency trading centre due to a ban in Beijing.
Madison Singh Member
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However, it also said, that it is currently contacting its overseas service providers so clients should not worry and calm down. In a similar fashion, BTC.TOP announced the suspension of its Chinese business due to the regulatory risks. Its founder Jiang Zhuoer said, “In the long term, nearly all of Chinese crypto mining rigs will be sold overseas, as Chinese regulators crackdown on mining at home.” It is worth mention that in 2017, China had lost its position as a global cryptocurrency trading centre due to a ban in Beijing.
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Ella Rodriguez 6 minutes ago
Zhuoer believes that “Eventually, China will lose crypto computing power to foreign markets as wel...
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Zhuoer believes that “Eventually, China will lose crypto computing power to foreign markets as well.” Tags: Bitcoin China Share on Share on Facebook Share on Twitter Share on Pinterest Share on Email Maria Janulis May 27, 2021 Maria Janulis View More Posts Maria is a Florida-based columnist, working in the Journalism industry for the last five and a half years. She spends most of her time interacting with the like-minded group of people on social media.
Aria Nguyen Member
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Zhuoer believes that “Eventually, China will lose crypto computing power to foreign markets as well.” Tags: Bitcoin China Share on Share on Facebook Share on Twitter Share on Pinterest Share on Email Maria Janulis May 27, 2021 Maria Janulis View More Posts Maria is a Florida-based columnist, working in the Journalism industry for the last five and a half years. She spends most of her time interacting with the like-minded group of people on social media.
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<h4>Leave a Reply</h4> <h3>Leave a Reply Cancel reply</h3> You must be logged in to post a comment. <h2>You Might Also Enjoy</h2> Business <h3> What to Look for in Job Candidates </h3> Posted by By TNP Team 5 Min Read Business <h3> How Long Can Creditors Pursue a Debt in California </h3> Posted by By TNP Team 5 Min Read Business <h3> Nike takeover RTFKT to make Virtual Sneakers for Metaverse </h3> Posted by By Michael Turner 2 Min Read Business <h3> Nintendo is shutting its Redwood City and Toronto offices </h3> Posted by By Maria Janulis 2 Min Read Business <h3> Microsoft beats Apple to be the most valuable company in the world </h3> Posted by By Maria Janulis 2 Min Read Business <h3> Meta acquires Within after Facebook touts VR fitness </h3> Posted by By Michael Turner 1 Min Read Load More Our website uses cookies to improve your experience. Learn more about: Cookie Policy Accept Go to mobile version
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