China crypto ban a ‘huge opportunity for Canada,’ mining group head says
The diversified location of Bitcoin mining facilities following China’s crackdown is great news for the rest of the world, iMining CEO Khurram Shroff says. China’s regulatory crackdown on cryptocurrencies continues to alienate major miners. Dubai-based investment company IBC Group reportedly plans to end Bitcoin (BTC) and Ether (ETH) mining operations in China following ban announcements from the different provinces across the country.The group has major mining operations in China and plans to distribute its operations to the United Arab Emirates, Canada, the United States, Kazakhstan,....
Related News
Several U.S. lawmakers see China’s authoritarian crackdown on cryptocurrency, including bitcoin, as “a perfect opportunity for American leadership on cryptocurrency.” One senator noted that it is “a reminder of our huge structural advantage over China.” US Lawmakers Comment on China’s Cryptocurrency Crackdown Following the latest news of China’s crackdown on cryptocurrency, several U.S. lawmakers have shared their views on the situation. Senator Pat Toomey from Pennsylvania said: China’s authoritarian crackdown on crypto, including....
Bitcoin mining took a big hit when the Chinese authorities commenced a crackdown on crypto mining. This had led to an exodus of miners out of China. Which had been the world’s headquarters of mining at the time. Over 70% of the entire mining in the world is carried out in China before the crackdown […]
Bitcoin Group, one of the largest bitcoin mining operators which has been planning its initial public offering (IPO) since 2014, has at last confirmed its Australian Securities Exchange (ASX) debut in February. The Melbourne-based bitcoin mining firm currently operates over 6,100 different miners, including Ant Miner S5, Ant Miner S2, Asic Miner Prisma and Dragon Miner in the US, UK, China and Iceland. The firm generates around 6 petahashes, approximately 1.57% of the global hash power of the entire Bitcoin network. Due to its abundance of computing power and five computer centers in....
Crypto mining has been an environmental issue that cant be over looked; World governments have tried to put a lid on it but still have an uphill battle as the popularity of crypto grows. Will crypto be mining be able to last if the technology still impacts the earth on high levels ? Or will it mold with the time and adapt with the land before governments continue to attack Crypto currency. Related Reading |Elevate Brands Offering Bitcoin Payouts on Coinbase Prime Crypto War With Mining … China has been in the for front of crypto bans and the war between the two parties....
China has once again reinforced its position on cryptocurrencies. Even though crypto mining is illegal in the country, some have chosen to operate illegally. To this effect, China has added crypto-mining to the ‘negative list’ of industries. This latest effort means that investors can no longer invest in the crypto mining sector. A document released […]