Category: Crackdown


Iran Raises Alarm Over Potential Influx of Miners From China


Iran Raises Alarm Over Potential Influx of Miners From ChinaWith the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions. Providing low-cost energy, Iran has emerged as a prospective destination. However, the country’s state-owned power utility has expressed concerns over a possible influx of miners and illegal imports of mining hardware from China. Tavanir Warns […]


Bitmain to Host Miners in 180-Megawatt Data Center in Kazakhstan


Bitmain to Host Miners in 180MW Data Center in KazakhstanCrypto mining hardware manufacturer Bitmain has partnered with Enegix to host Antminer S19 Pro devices in one of the world’s largest data centers. The facility located in Kazakhstan is designed to accommodate more than 50,000 mining rigs. Bitmain to Work With Mining Facility Operator Enegix Leading mining equipment producer Bitmain has announced a partnership with […]


Binance Quits Stock Token Trading as Hong Kong Adds to Mounting Regulatory Pressure


Binance Quits Stock Tokens Trading as Hong Kong Adds to Mounting Regulatory PressureCryptocurrency exchange Binance has announced it will no longer support the trading of stock tokens. The decision comes against the backdrop of an ongoing regulatory crackdown, with Hong Kong becoming the latest to declare that the platform is not licensed to provide such services in its jurisdiction. Stock Tokens No Longer Available for Purchase on […]


Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US


Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the USFollowing the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s decision to ban bitcoin mining, the company “accelerated” its migration strategy to […]



China’s Anhui Province to Shut Down Crypto Farms as Grid Operator Issues Closure Notice, Reports


China’s Anhui Province to Shut Down Crypto Farms as Grid Operator Issues Closure Notice, ReportsAnhui has reportedly become China’s latest region planning to end cryptocurrency mining. The province is going to shut down all mining facilities due to power supply shortages, according to local media. Another source revealed that the state-run network operator has issued a closure notice for bitcoin farms across the country. Anhui to Halt Bitcoin Mining […]



Ukraine Uncovers Country’s Largest Illegal Mining Farm to Date


Ukraine Uncovers Country’s Largest Illegal Mining Farm to DateThe Security Service of Ukraine (SBU) has located a massive coin minting facility that was illegally connected to the power grid in Vinnytsia. Law enforcement officials claim it’s the largest underground crypto mining farm they have found so far. Ukraine Seizes Thousands of Video Game Consoles Mining Crypto With Stolen Electricity Ukraine’s main law enforcement […]





Hydropower Stations Up for Sale Amid China’s Crackdown on Crypto Mining


Hydropower Stations Offered for Sale Amid China’s Crackdown on Crypto MiningSmall hydropower plants have been put up for sale in China as demand for their cheap energy decreases following the government’s crackdown on crypto miners. Just as with mining rigs, their prices have been going down, leaving owners with limited options to recoup their investments. Ads for Hydropower Plants Appear on Xianyu Marketplace Advertisements for […]


China’s Oldest Exchange Exits Bitcoin Business Amidst Regulatory Pressures


BTCChinaBTCC, ostensibly the first cryptocurrency exchange established in China, exited the bitcoin trading business last week. According to statements, this was the result of the continued regulatory pressure Beijing is exerting on cryptocurrency businesses. The company will now transition to blockchain-related endeavors. BTCC Closes Its Exchange Business BTCC, the company that once ran the most […]


Ontario Crackdown on Crypto Exchanges Continues With Binance Leaving the Province


Ontario Crackdown on Crypto Exchanges Continues With Binance Leaving the ProvinceCryptocurrency exchange Binance will no longer provide services in the Canadian province of Ontario. The decision comes amid ongoing regulatory pressure on digital asset trading platforms that has already affected the operations of several exchanges. Crypto Exchange Binance Exits Canada’s Ontario Binance, which is one of the world’s leading cryptocurrency exchanges by daily volume, has […]



Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on Mining


Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on MiningAuthorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. Over 300 Mining Rigs Cut Off From Electricity Supply in Abkhazia […]


While China’s Bitcoin Miners Flock to Central Asia Canaan Sets up ASIC Mining Rig Service in Kazakhstan


While China's Bitcoin Miners Flock to Central Asia Canaan Sets up ASIC Mining Rig Service in KazakhstanOn Monday, the application-specific integrated circuit (ASIC) manufacturer Canaan Inc. announced the company has established an overseas after-sales center in Kazakhstan. According to Canaan, the service center will provide local customers with after-sales services like machine testing, warranty services, maintenance, and technical consultation. Chinese Miners Are Focused on Relocation, Canaan Opens Mining Rig Service Center […]


Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance


WeiboSina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more profoundly in the last days with the crackdown of […]


Tiger Brokers and Futu to Offer Crypto Trading Services Outside China


Tiger Brokers and Futu to Offer Crypto Trading Services Outside ChinaTwo Chinese online brokerages have set out to enter the global crypto trading market. The platforms, Tiger Brokers and Futu, are planning to offer their services only outside the People’s Republic as Beijing is once again cracking down on bitcoin trading in the country. Major Chinese Online Brokers Dive Into Crypto Trading Beijing-based Tiger Brokers […]


South Korea to Crack Down on Phishing Websites Attacking Crypto Users


South Korea to Crack Down on Phishing Websites Attacking Crypto UsersSouth Korean authorities are intensifying their monitoring of phishing activity related to cryptocurrencies. The government has identified a record number of websites trying to obtain login details from crypto exchange users. Over 30 sites have been taken down in just three months this year. Seoul Strengthens Monitoring of Crypto Phishing Scams Rising market prices have […]


Iran Issues More Than 1,000 Cryptocurrency Mining Licenses


Iran Has Issued More Than 1,000 Licenses for Cryptocurrency MiningThe Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces […]

The post Iran Issues More Than 1,000 Cryptocurrency Mining Licenses appeared first on Bitcoin News.


Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season


Authorities in Sichuan Go After Miners to Save Electricity in the Dry SeasonRegional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower stations have been fined already for powering bitcoin farms without authorization. Also […]

The post Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season appeared first on Bitcoin News.


Chinese Regulators Question 8 Crypto Companies in Shenzhen


Chinese Regulators Question 8 Crypto Companies in Shenzhen, Reports DetailAuthorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital. Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with authorities reportedly questioning their representatives at a meeting hosted by Shenzhen Financial Regulatory Bureau. Also read: Crypto […]

The post Chinese Regulators Question 8 Crypto Companies in Shenzhen appeared first on Bitcoin News.


Report From Within Shut Down Zimbabwe: A Government That’s Crippled Its Own Economy


Report From Within Shut Down Zimbabwe: A Government That’s Crippled Its Own EconomyA shutdown of the internet by the Zimbabwe government this week, in an attempt to quell deadly protests, ended up achieving the exact opposite result – a total shutdown of the economy, including key public services like health and education. Also read: South Africa Wants to Mandate Registration of Crypto Service Providers Miscalculating Government Paralyzes […]

The post Report From Within Shut Down Zimbabwe: A Government That’s Crippled Its Own Economy appeared first on Bitcoin News.


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