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Several Chinese Miners Bank Accounts Frozen Allegedly For Fraud And Money Laundering

Despite the Chinese government’s effort to promote the development of blockchain technology, the government has frozen crypto miner’s credit cards according to a report. While cryptocurrency ownership over the years has become challenged in China, the country still somehow became the world’s largest mining farms. In many cases, this is due to the fact that… Read More

Crypto Miners Damaged

Due to extreme weather in China’s Sichuan province last week, crypto miners and local hydropower plants were forced to halt operations. Although torrential rains flooded parts of the mountainous Aba prefecture, causing at least seventeen mudslides in the region, the worst hit area was Wenchuan. As a result of the severe weather, several major cryptocurrency… Read More

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