The Digital Source For China's Tech Innovation Since 2000

Search
Close

Bitcoin Falls Amid Chinese Mining Crackdown

November 17, 2021
Source: newsbreak.com newsbreak.com
News Snapshot:
Bitcoin has fallen amid China’s ongoing crackdown on crypto mining. On Tuesday, China’s National Development and Reform Commission spokesperson Meng Wei said bitcoin mining is dangerous, “consumes lots of energy” and “produces lots of carbon emissions,” according to a report from CNN. She noted that the agency will be launching a “full-scale” crackdown on mining with a focus on commercial mining. The NDRC will raise electricity prices for any institution found to be using its access to subsidized power -- often given to schools, community centers and similar institutions -- to mine cryptocurrency. Following the press conference in which Wei...
Go To Original Source →
Tags: bitcoin | blockchain | China | Chinese | CNN | commission | community | crackdown | crypto | cryptocurrency | currency | development | fintech | games | Internet | National Development and Reform Commission | NDRC | online | online video | power | report | technology | video

Other Related News:

Russian founder of cryptocurrency exchange arrested in Miami, accused of dealing with dirty money as part of "high-tech axis of crypto crime"

January 19, 2023

Bitzlato crypto exchange founder charged with illegal transfers of $700 million

January 19, 2023

Big Tech braces for dismal profits, more job cuts

January 19, 2023

Microsoft to shed 10,000 jobs, adding to glut of tech layoffs

January 19, 2023

A Drive to Understand National Capabilities in Critical Technologies The New York Times

January 19, 2023

Texas universities ban TikTok

January 19, 2023

Law Firm Investigating Diablo Immortal For False Advertising

January 19, 2023

PREVIEW-Big Tech braces for dismal profits, more job cuts

January 19, 2023

Formula 1 Carbon Footprint Slammed After 2023 Calendar Release

January 19, 2023
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter