Chinese wallets both sent and received more than $2 billion worth of crypto associated with illicit activities between April 2019 and June 2021.
Category: chinese
Bitmain to Host Miners in 180-Megawatt Data Center in KazakhstanBitmain to Host Miners in 180-Megawatt Data Center in Kazakhstan
Crypto 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
China’s Anhui Province to Shut Down Crypto Farms as Grid Operator Issues Closure Notice, ReportsChina’s Anhui Province to Shut Down Crypto Farms as Grid Operator Issues Closure Notice, Reports
Anhui 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
China Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report RevealsChina Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report Reveals
China, which has arguably the most advanced digital currency project among leading nations, has so far handed out more than $40 million in red envelopes with digital yuan. The promotional
Kazakhstan Introduces Surcharge for Electricity Used by Crypto MinersKazakhstan Introduces Surcharge for Electricity Used by Crypto Miners
Cryptocurrency miners in Kazakhstan will pay more than other consumers for the electricity they use to mint digital coins. The country’s president has signed a law that imposes an additional
Hydropower Stations Up for Sale Amid China’s Crackdown on Crypto MiningHydropower Stations Up for Sale Amid China’s Crackdown on Crypto Mining
Small 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,
PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities ImmediatelyPBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately
China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims
Over 3,000 ATMs in Beijing Offer Digital Yuan WithdrawalsOver 3,000 ATMs in Beijing Offer Digital Yuan Withdrawals
Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able to exchange their e-CNY funds
Reports of Mining Sector Cleanup Put China’s Yunnan Province in the SpotlightReports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight
Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on
Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope LotteryBeijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3