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China

Shenzhen-based BIT Mining raises money to expand overseas
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20 July, 2021

Shenzhen-based BIT Mining raises money to expand overseas

BIT Mining Limited has raised $50 million in additional capital through a private placement to expand its overseas operations as...
OK Group inks deal to help China fight money laundering with blockchain
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18 July, 2021

OK Group inks deal to help China fight money laundering with blockchain

The company revealed that its blockchain intelligence solution has already helped Chinese police recover 10 billion yuan ($1.5 billion) in...
Anhui Province shuts down block reward miners, cites power shortage
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16 July, 2021

Anhui Province shuts down block reward miners, cites power shortage

Anhui cited a directive by the State Grid Corporation of China, the national electricity distributor, which has urged authorities to...
People’s Bank of China ramps up digital currency crackdown
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11 July, 2021

People’s Bank of China ramps up digital currency crackdown

Authorities from the People's Bank of China recently issued a notice warning local institutions not to provide digital currency-related companies'...
China shuts down software maker as crackdown on digital currency mining intensifies
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9 July, 2021

China shuts down software maker as crackdown on digital currency mining intensifies

Beijing Qudao Cultural Development Company, a marketing and public relations firm registered in 2016, is accused of “providing software services...
Plummeting hash rate: The good and bad news
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5 July, 2021

Plummeting hash rate: The good and bad news

Although the drop in hash rate will have a negative consequence on the digital currency markets in the short term,...
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