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Tag Archives: Operators

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China Shuts Down Cryptomining Operators, Issues New Restrictions

China Shuts Down Cryptomining Operators, Issues New Restrictions

Computer ComponentBy admin21 June 2021

China is single-handedly undermining the crypto market as it forced widespread closures of mining operations across the country, leading to a decline in the network hashrate for both Bitcoin and Ethereum. In fact, one province has had 90% of its Bitcoin mining capacity shut down. Coindesk also reported that The People’s Bank of China (PBOC)…

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