Riot Platforms shares drop 9% after Kerrisdale Capital shorts bitcoin minerKerrisdale believes the introduction of low-fee bitcoin ETFs is more beneficial to investors over owning shares of a company such as Riot, ...
05 Jun, 2024, 08.58 PM IST
Tether acquires $100 million stake in US-Listed bitcoin miner BitdeerThe two firms entered into a subscription agreement for a private placement of 18.6 million Class A ordinary shares, Bitdeer said in a stat...
31 May, 2024, 08.15 PM IST
Kazakhstan's bitcoin 'paradise' may be losing its lustreKazakhstan's crypto mining farms are mostly powered by aging coal plants, which are a headache for authorities as they seek to decarbonise ...
17 Jan, 2022, 12.16 PM IST
US becomes largest bitcoin mining centre after China crackdownThe United States now accounts for the largest share of mining, some 35.4% of the global hash rate as of the end of August, followed by Kaz...
14 Oct, 2021, 10.42 AM IST
Has a long winter set in for Bitcoin? Top analyst says it’s just bear marketIt is important to note that while China has banned Bitcoin mining, it has not banned holding or transaction of Bitcoin. Its own central ba...
15 Jul, 2021, 10.31 PM IST
China's Bitcoin crackdown sparks fears of dirtier cryptominingBitcoin's value tumbled last week after China's central bank urged banks and payment firms in the country to crack down harder on cryptocur...
29 Jun, 2021, 09.10 AM IST
China’s role in the 2021 cryptocurrency crashThe global cryptocurrency market has swayed to Elon Musk’s tweets this year, but China’s crypto crackdown threatens to halt the bitcoin bul...
25 Jun, 2021, 05.13 PM IST
China crypto mining ban triggers exodus, bitcoin rigs sell like scrapThe China crypto mining ban may see up to 90% of all mining in the country go offline, according to an estimate, paralysing an industry tha...
25 Jun, 2021, 12.30 PM IST
China's ban forces some Bitcoin miners to flee overseas, others sell out"Many miners are exiting the business to comply with government policies," said Mike Huang, operator of a cryptomining farm in the southwes...
25 Jun, 2021, 11.00 AM IST
China's Bitmain suspends sales of cryptomining machines after Beijing's mining banBitmain also said it is looking for "quality" power supplies overseas along with its clients, in places including the United States, Canada...
25 Jun, 2021, 08.49 AM IST
Bitcoin drops below $30,000 for first time in 5 monthsBitcoin sank nine percent to as low as $29,624, attaining a level last seen in January, with analysts citing Chinese efforts to crack down ...
22 Jun, 2021, 06.27 PM IST
China's cryptocurrency-mining crackdown spreads to Yunnan in southwestIn addition to concerns about the huge amounts of energy needed for the computing power to create cryptocurrencies, the central government ...
12 Jun, 2021, 04.50 PM IST
China's crypto crackdown speeds shift to central Asia, North America miningChina's central government vowed to clamp down on bitcoin mining and trading on Friday, causing some miners to halt all or part of their op...
26 May, 2021, 10.27 PM IST
Cryptocurrencies punch back, rise over 10% after Sunday sell-offBitcoin jumped more than 10% to $38,538, erasing losses of 7.5% from a day earlier but still down by more than 40% from last month's record...
24 May, 2021, 09.48 PM IST
More Bark, Less Bite: China crypto players shrug off latest crackdownChina's latest salvo against cryptocurrencies has driven a brutal selloff in bitcoin markets but retail traders, miners and even crypto fin...
21 May, 2021, 06.22 PM IST
China crypto players shrug off Beijing's latest crackdownCryptocurrencies could still be bought from China on Thursday and investment schemes promising juicy returns for mining them remained opera...
20 May, 2021, 10.44 PM IST
Elon Musk wants clean power. But Tesla's carrying bitcoin's dirty baggageThe digital currency is created when high-powered computers compete against other machines to solve complex mathematical puzzles, an energy...
10 Feb, 2021, 05.04 PM IST