The Digital Source For China's Tech Innovation Since 2000

Search
Close this search box.

Bitcoin mining resurfaces in China, defying its ban

May 19, 2022
Source: bullfrag.com bullfrag.com
News Snapshot:
Bitcoin miners are defying the ban on operating in ChinaHas revealed a recent investigation of the University of Cambridge. Despite the fact that the Asian giant has vetoed cryptocurrencies, mining has resurfaced in the country to the point of already placing it as second hub in the world, second only to the United States. The aforementioned study indicates that China already monopolizes more than 21% of the global installed capacity to mine Bitcoin. This marks the gradual recovery that the activity has had after the strong persecution of the authorities. Let us not forget that between June and September 2021,...
Go To Original Source →
Tags: ban | Beijing | bitcoin | blockchain | blocked | boycott | BTC | Canada | China | Chinese | Computing | crypto | currency | Economy | education | energy | fintech | Giant | government | IT | Kazakhstan | power | Russia | United States | university

Other Related News:

New Thai PM Meets Tesla CEO Elon Musk and US Tech Chiefs in Investment Push

September 22, 2023

The audacious deals that built the Murdoch empire

September 22, 2023

Li Shangfu, Qin Gang and more: The big names gone missing in Xi Jinping's China

September 22, 2023

Canada has double standards against terror outfits. India and West don't have to follow it

September 22, 2023

Global push for clean hydrogen foiled by costs and lack of support, report finds

September 22, 2023

After a fashion: Young Chinese people turning to homegrown designs

September 22, 2023

China's defence minister disappears, latest in the case of missing officials

September 22, 2023

In paranoid China, neighbours are now spy hunters

September 22, 2023

Defence minister's disappearance latest case of missing Chinese official

September 22, 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