America is the big winner of China’s crypto crackdown

America is the big winner of China’s crypto crackdown

Oct 22nd 2021CHINA WAS once king of the crypto mines. In September 2019 it accounted for three-quarters of the world’s bitcoin mining activity. Rural provinces were dotted with bitcoin mines that specialised in solving cryptographic puzzles in order to validate transactions made with the cryptocurrency. But in May 2021 the Chinese government, sensing a threat … Read more

U.S. takes top spot for crypto mining after China crackdown

U.S. takes top spot for crypto mining after China crackdown

CNBC.com’s Pippa Stevens brings you the day’s top business news headlines. On today’s show, CNBC.com’s MacKenzie Sigalos explains a new survey from the University of Cambridge highlighting the top countries for crypto mining. Plus, William Shatner heads to space with Blue Origin.The U.S. is now the number one destination for bitcoin miners, eclipsing China for the first … Read more

Binance to halt Chinese yuan trading amid Beijing’s crypto crackdown

Binance to halt Chinese yuan trading amid Beijing's crypto crackdown

SHANGHAI, Oct 13 (Reuters) – Binance will stop the use of the Chinese yuan on its peer-to-peer trading platform, the latest move by major global cryptocurrency exchanges to cut their ties with mainland Chinese investors following an intense crackdown on the sector.Binance, one of the world’s largest exchange by trading volumes, said in a Wednesday … Read more