October 2021
Spark Pool allows balance withdrawal as it phases out all domestic, international users
Mining pool Spark Pool, which was once a major Ethereum mining pool, says its users may withdraw existing balances, but beginning Nov. 1 it will no longer offer other services related to mining for both domestic and international users, the company said in a statement. Fast facts Spark Pool last month reacted swiftly to China’s […]
Kazakhstan proposes to limit power consumption for new crypto miners as power deficit bites
Local miners told Forkast.News that existing legal miners won’t be much affected, though they’re still subject to power rationing.
Byron Bay to host Australia’s largest Bitcoin mining operation — using green energy
While it may be known locally and domestically as a tourist hotspot and home to many Hollywood A-list celebrities, Australia’s coastal town of Byron Bay is set to become host to Australia’s biggest Bitcoin mining site— and it’s going to be powered by 100% renewable energy. Fast facts According to a company press release, local […]
U.S. crypto miner Greenidge more than doubles Bitmain rig order to fuel growth
Greenidge Generation Holdings Inc., a U.S. Bitcoin mining and power generation company, has announced it plans to ramp up its operation across the U.S. by more than doubling its previous order with Chinese mining rig maker Bitmain. Fast facts Nasdaq-listed Greenidge said Thursday in a statement it plans to significantly expand beyond its current operating […]
Kazakhstan power shortages continue as crypto miners scramble for solutions
Kazakhstan — one of the popular destinations for Chinese crypto miners as they look for more regulation-friendly shores — continues to face power shortages, with its national grid operator last week rationing power after some failures occurred in a few power units. Fast facts Kazakhstan electricity grid operating company KEGOC said in a statement last […]
Trick of the trade: Is SEC helping or reining in Bitcoin with ETF?
Top blockchain and cryptocurrency news: Bitcoin grows up. Facebook’s metaverse journey. China’s crypto investors find a workaround.
China’s crypto presence shrinks, while the U.S. rides the tide
More industry players are exiting the Chinese mainland market amid tougher crackdown.
China’s crypto investors get creative to bypass domestic trading ban
Some are registering companies overseas, via — you guessed it — Taobao vendors.
China fuels blockchain development despite stricter crypto ban
Authorities encourage new ways to apply blockchain across various industries, although there’s no room for crypto
China’s Zhejiang province busts covert crypto mining operations — some within public entities
Hidden mining tracked by IP addresses to state agencies, enterprises, institutions, schools
U.S. leads in Bitcoin mining as China’s share drops to zero: Cambridge data
U.S., Kazakhstan, Russia take up largest Bitcoin hashrate shares as the exodus of Chinese miners continues.
China to ‘outdate’ crypto mining industry with more restrictions
The country’s top economic planner hopes to prohibit investment in what it considers an energy-intensive sector.
How Singapore is emerging as a safe harbor for the Chinese crypto industry exodus
As China intensifies its crypto crackdown, regulatory clarity is a beacon for safer shores in Southeast Asia.
Why domestic and overseas Chinese should worry about China’s crypto ban
In a special Q&A, a Canadian law advisor who works with Chinese clients breaks down the ban’s potential legal boundaries and concerns held by overseas Chinese.
Crypto on the beach: FTX and other players find paradise in the Caribbean
This week, FTX announced it is moving its headquarters from Hong Kong to the Bahamas, as the larger Caribbean region takes on a bigger role as host to virtual currency exchanges.
September 2021
How China’s crypto clampdowns could reshape the rest of the world
Against the global tide of digital asset adoption, China’s harshest crypto ban yet heralds golden opportunities, writes Richard Byworth of EQONEX. Other governments should take note.
China’s crypto ban: what you need to know
How is China’s latest clampdown on crypto different from its previous bans — and how do authorities plan to catch the scofflaws? Henri Arslanian of PwC breaks it down.
Crypto market is shaken as China declares all crypto transactions illegal
Bitcoin and Ethereum prices fall after Beijing intensifies crackdown on crypto trading, mining.