Chinese Authorities to Investigate Illegal Mining Farms at ‘Global Mining Capital’ Sichuan

Located at Sichuan’s Dadu river, the alleged illegal mining farms reportedly contain over 30,000 units of mining equipment. The state authorities of China’s Sichuan province will investigate local bitcoin (BTC) mining farms that have been allegedly been built illegally, local media agency Sina reports on May 30. Located at the bitcoin “global mining capital” of […]

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Bitfury Partners With Kazakhstan-Based Financial Hub to Cooperate on Blockchain Projects

Bitfury teamed up with the Astana International Financial Centre to collaborate on blockchain development in the region. Blockchain tech giant Bitfury partnered with major Kazakhstan-based financial hub to apply the technology across multiple industries, local government-backed newspaper The Astana Times reports on May 21. Headquartered in Nur-Sultan, the newly renamed capital of Kazakhstan, the Astana […]

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Will China Ban Crypto Mining?

Chinese government is considering the elimination of crypto mining. On April 9, Reuters reported that a Chinese government agency is considering the elimination of crypto mining in the country. Given that China has been hosting the majority of mining pools on its soil, the global crypto industry might be poised to take a massive hit. […]

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Mongolia Partners With Stablecoin to Use Blockchain for Lending Services, Money Transfers

Mongolia’s capital city administration is set to replace utility bills and government subsidies with blockchain-based payment methods. Mongolia’s capital city of Ulaanbaatar has partnered with a stablecoin company to release instant money transfer and lending services, Asia’s largest tech media platform e27 reported on Jan. 11. Ulaanbaatar City’s administration has agreed to partner with a […]

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China: Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline

Chinese crypto miners are reportedly selling their mining equipment “by kilo,” as they have reached the “shutdown price” amidst the recent market crash. Cryptocurrency mining operations in China are reportedly selling mining machines by weight, as opposed to price per unit. This selloff was reported by local Chinese crypto outlet 8BTC Wednesday, Nov. 21, with […]

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Alibabacoin Foundation Is Going to List Their ABBC on Exchange Bitforex and Bit-Z

After successfully listing their native currency ABBC on nine major exchanges around the world, Alibabacoin Foundation is excited to announce that they will be listing it on other popular exchanges called namely Bitforex and Bit-Z. Once they complete this listing, the users will be able to trade in ABBC through ten major exchanges worldwide. Alibabacoin Foundation recently […]

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