– The court defined substantial amount fundraising as over 100,000 yuan ($15,800). If the fundraiser involves a large sum of 50 million yuan, a loss of at least 25 million yuan, or 5,000 people, it is considered very serious and could result in a decade in prison. – Although Beijing’s anti-crypto drive began years before, last year’s crypto mining prohibitions in China, which began rolling out in the summer, saw Bitcoin’s mining difficulty drop by about 28% in July, as miners began to migrate their operations out of the country. – The Bitcoin hash rate dropped by roughly 50% after…