The Digital Source For China's Tech Innovation Since 2000

Search
Close

Cryptocurrency Crackdown in China Triggers Thai Crypto Mining Boom

December 30, 2021
Source: bollyinside.com bollyinside.com
News Snapshot:
The moment the axe fell on China’s monstrous cryptocurrency mines, Thai entrepreneur Pongsakorn Tongtaveenan was prepared to swoop – rapidly purchasing up excess PC processors expected to recover Bitcoin from the organization and delivery them to Southeast Asia. Costs are currently once again at more than $13,000 for new “miners” – PCs that solve complex math puzzles that open Bitcoin awards from the organization. In any case, Pongsakorn, 30, has figured out how to sell hundreds of units across Thailand as youthful players hop into cryptocurrency as China takes action against the lucrative market. In September, Beijing banned all cryptocurrency...
Go To Original Source →
Tags: Beijing | bitcoin | blockchain | China | communist | crypto | currency | export | Exports | finance | fintech | Gold | Google | Guangdong | Internet | Kazakhstan | Laos | Malaysia | Pandemic | PC | Poverty | Russia | search engine | Shenzhen | social media

Other Related News:

140 artificial intelligence-based systems along border to keep watch on China, Pak : The Tribune India

August 7, 2022

15 richest British royal family members’ net worths, ranked: from Queen Elizabeth’s US$100 million taxpayer income and Kate Middleton’s trust fund, to Meghan Markle and Prince Harry’s Apple TV+ gig

August 7, 2022

Chinese malware hides in App Store apps for macOS – Gizchina.com

August 7, 2022

Former Twitter CEO Jack Dorsey responds to China`s draconian COVID policies: `End the CCP`

August 7, 2022

Apple Care+ loss insurance has been launched in many countries, but it has been silent in China. Why?

August 7, 2022

Apple to manufacture iPhone 14 in India simultaneosly with China: Report – Business Standard

August 7, 2022

Hong Kong Investors Lost $50M From Crypto Scams in 2022 (Report) CryptoNews

August 7, 2022

Biden is sending a weak message to China: Mercedes Schlapp

August 7, 2022

LOL! Internet Reacts to Pelosi’s “connection” with China: “When I was a little girl, I was told at the beach if I dug a hole deep enough we would reach China.” [VIDEO]

August 7, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....