4,000 Chinese Bank Accounts Reportedly Frozen Due to Crypto Connections

About 4,000 Chinese bank accounts of over-the-counter cryptocurrency traders were allegedly frozen by law enforcement. Around 4,000 Chinese bank accounts of cryptocurrency traders have reportedly been frozen by local law enforcement. According to a June 8 report by 8BTC, police froze the bank accounts of thousands of  over-the-counter (OTC) traders from the Chinese province of […]

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Bitmain Struggle Continues as Ousted CEO Reportedly Halts ASIC Deliveries

Bitmain’s operations in Shenzhen are reportedly being disrupted as Micree Zhan forbade shipment of mining devices following his recent takeover of the Beijing office. After physically taking over the Beijing Bitmain office, ousted CEO Micree Zhan is reportedly regaining control and is blocking the delivery of Bitmain products from its Shenzhen factory. According to sources […]

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