China


Markets

Bitmain Co-Founder Wu Says Regulatory Pressure Is Healthy for Crypto: Report

The higher level of interest will benefit the reputation of crypto overall, he said.

Jihan Wu

Markets

BIT Mining Raises $50M in Private Placement to Expand Overseas

BIT Mining's operations in China's Sichuan province were suspended last month as part of the country's crackdown on crypto.

shutterstock_654884275

Markets

Chinese Miner The9 Reserves Facilities From Russia's BitRiver

Facing regulatory pressure at home, The9 is looking to locate elsewhere.

Crypto mining machines (lmstockwork/Shutterstock)

Videos

Why China’s Crypto Mining Ban Is More Serious Than Before

Industry leaders say China's carbon neutrality policy is a key factor in the recent mining crackdowns, according to CoinDesk's David Pan. "The Hash" hosts discuss the deeper motivations for China's ban on crypto mining. "Fear factor definitely has a play in how hard they're clamping down on [mining]," host Naomi Brockwell said.

Recent Videos

Markets

OK Group to Work With Nanjing Police on Anti-Money Laundering Blockchain

Despite a crackdown on crypto mining, Chinese authorities are still bullish on blockchain technology.

Nanjing Eye Pedestrian Bridge

Policy

Crypto Long & Short: A Bear Market Doesn’t Spell Doom

Plus: China’s Bitcoin crackdown, and why bitcoin isn’t a “boomer coin.”

Bear market Crypto Long & Short July 11

Videos

Signs of BTC Hashrate Stabilizing?

CoinDesk's Christie Harkin discusses the potential signs indicating bitcoin's hashrate is stabilizing, amid speculation the worst fallout from China's recent mining crackdown might be over. Plus, the latest update on bitcoin's Taproot activation. "More than a quarter of bitcoin nodes have upgraded to the new protocol, and that's a big deal," Harkin said.

Recent Videos

Policy

Why China's Ban on Crypto Mining Is More Serious Than Before

Crypto mining is a small yet easy target for China’s efforts to realize carbon neutrality.

Lintao Zhang/Getty Images

Markets

Market Wrap: Bitcoin Sells Off as Regulatory Concerns Resurface

“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm.

Bitcoin 24-hour price chart, CoinDesk 20

Markets

An Alternative Theory for China's Tech Crackdown

China's leaders say it's about all cybersecurity, but some observers see financial control as the larger goal.

Hong Kong's skyline.