China


Finance

Leading Crypto Mining Machine Maker Bitmain Said to Halt Sales in China

Beijing-based Bitmain will also move most of its production out of southern China and into other countries in response to the latest government crackdown, sources said.

Bitmain AntMiner S3

Finance

Alibaba to Stop Selling Crypto Mining Machines

The company said it was following Friday’s PBoC guidelines, but also taking note of global crypto regulation instability.

People's Bank of China (Emmanuel Wong/Getty Images)

Finance

Chinese Ethereum Mining Pool BeePool to Shut Down Following Crackdown

The firm’s move came just after SparkPool, another top Chinese Ethereum mining pool, announced it was suspending operations.

Graphics processing units (GPUs) used to mine the Ethereum and Zilliqa cryptocurrencies at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2020. The world’s second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg

Videos

IDX CIO on Selling Fully Out of Bitcoin Exposure

Quantitative asset manager IDX Digital Assets has sold all of its bitcoin holdings. IDX Chief Investment Officer Ben McMillan discusses why, citing news from China, global regulatory actions, and BTC’s speculative nature.

CoinDesk placeholder image

Videos

Interaxis Co-founder: Institutional Adoption of Crypto Is 'Just Not There'

Reacting to SkyBridge Capital founder Anthony Scaramucci saying institutional interest in crypto is weakening, Adam Blumberg, co-founder of financial advisor Interaxis, discusses why "institutional adoption is just not there." He adds most institutions are not ready for bitcoin, its volatility, its custody, or regulators. Plus, his views on the potential impact of China's crypto ban on the crypto markets, digital yuan, El Salvador's Bitcoin Law, and more.

Recent Videos

Policy

3 Takes About China’s Crypto Ban That Are Wrong

Some common responses to China’s crackdown are missing key context.

An electronic screen displays the Hang Seng Index in the Central district of Hong Kong, China Monday, Sept. 20, 2021.

Finance

Chinese Ethereum Mining Pool SparkPool to Halt All Services Due to Crackdown

The world’s second-largest Ethereum mining pool initially had stopped providing services to new Chinese users, but has expanded its suspension to all users.

Máquinas de minería de bitcoin

Videos

Chinese Ethereum Mining Pool SparkPool to Halt All Services Due to Crackdown

The world’s second-largest Ethereum mining pool, SparkPool, which initially stopped providing services to new Chinese users, has now expanded its suspension to all users by Sept. 30 following China's tightened crackdown on cryptocurrencies. "The Hash" panel discusses the outlook for mining operations in China and the wider repercussions of the country's most comprehensive crypto ban to date.

Recent Videos

Finance

Crypto OG Bobby Lee Says China’s OTC Desks Are Next to Go

Crypto exchanges in China have already shut down and over-the-counter (OTC) trading desks are likely to follow suit, Lee predicted Monday.

bobby, lee, wallet, ballet