Bitcoin Hashrate Drop Sparks Rumors of $3.8K Miner ‘Turn-Off Price’

The drop in Bitcoin hashrate has sparked rumors China has turned off huge numbers of mining rigs as the process is no longer profitable. ‘More Economic To Turn Them Off’ Video and photo content which allegedly came from F2Pool owner BitFish hit western social media November 20, being uploaded by local news feed cnLedger and […]

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Principle Fired for Mining Cryptocurrency at a School in China

A Middle School principle in China was fired after staffers uncovered a cryptocurrency mining scheme utilizing school computers. Local media in China have begun to write about a foiled cryptocurrency mining scheme organized by the principal of Puman Middle School. The man utilized school computers for the task. According to reporting from the BBC, Lei Hua […]

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China Escalates Cryptocurrency Ban Blocking 124 Offshore Exchanges

China will shortly block access to over one hundred international cryptocurrency exchanges and other platforms as the government’s crackdown escalates, local news media report August 23. Beijing On Crypto: We’ll Continue To Ban Everything According to the South China Morning Post quoting Chinese language resource Shanghai Securities News, lawmakers will shut down availability of 124 […]

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China Officially Bans All Crypto-Related Commercial Activities

China’s most popular messaging app, WeChat, has been asked to shut down the accounts of several blockchain and crypto-related news outlets as new regulations are enforced.  China Makes Ban Official According to the latest tweet by Dovey Wan — the Managing Director of Dhanua Capital, a California-based venture capital fund — the Chinese government authorities have […]

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Ex-Macau Gangster’s ICO Raises $750 Million in Under Five Minutes

Wan Kuok-koi, a former Macau triad also known as “Broken Tooth”, has teamed up with a Chinese firm to fund chess and poker tournaments in the Asian country. According to reports, Wan’s ICO for “HB” tokens was able to accrue $750 million in less than five minutes. Former gangster Wan Kuok-koi witnessed the launch of […]

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92% of Blockchain Projects Have Already Failed, Average Lifespan of 1.22 Years

Adam James · May 29, 2018 · 8:30 pm More than 80,000 projects claiming to utilize blockchain technology have launched worldwide since Bitcoin’s underlying technology became the hottest buzzword in business. Of those projects, only a mere eight percent are still active, and the average lifespan of any given project is roughly 1.22 years.  Short-Lived […]

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Huobi Labs: An Upcoming $1 Billion Blockchain Incubator

Nick Chong · May 6, 2018 · 8:00 am Huobi, the premier Asian-based exchange, has just announced plans for a blockchain industry fund, research institute, and an incubator.  Blockchain “accelerator” projects, or incubators as they are more well known, seem to be all the rage lately, with key players in the industry getting involved with […]

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NEO’s Regulatory Compliance Crucial for Chinese Dominance

Adam James · April 17, 2018 · 6:00 pm NEO has often been likened to “The Chinese Ethereum,” and for good reason. The platform, among other things, similarly runs smart contracts and decentralized applications. However, in order to stay in business in the world’s strictest regulatory environment, NEO has to play by the rules — […]

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Cryptocurrency Miners Flocking to Nordic Countries

Nick Chong · April 13, 2018 · 9:00 am In a recent cryptocurrency trend, miners have been trying to find ways to maintain profitable mining operations. One such method is to move their operations to countries with lower electricity costs, such as Norway and Sweden.  Mining is the essential action required for blockchains to stay secure […]

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