This was the very beginning of China's crackdown
on cryptocurrency operations in the country.
The company's exchange may be among the smaller platforms in China's bitcoin trading market, but it's remains to be the first casualty of the central bank's closer scrutiny
on cryptocurrency operations since this year started.
Not exact matches
Bitcoin investors are
on alert to see whether Beijing will take further action against
cryptocurrencies, such as shutting down bitcoin «mines», the energy - hungry
operations that create bitcoin by solving mathematical problems using vast banks of computers.
It's only a matter of time before China lifts its ban
on cryptocurrency exchanges, according to the entrepreneur behind what was once China's longest - running bitcoin trading
operations.
The entrepreneur explain that he «got out» of the Chinese bitcoin exchange business, and now instead focuses ambitions
on an international trading platform, a mining and minting
operation and a
cryptocurrency wallet called Mobi.
The entrepreneur explain that he «got out» of the Chinese bitcoin exchange business, and now instead focuses ambitions
on an international trading platform, a mining and minting
operation and a
cryptocurrency wallet
Last month, a governmental taskforce
on internet finance asked local authorities to assist in shutting down
operations that produce
cryptocurrencies.
Earlier that day, the Bank of Russia's first deputy chairman Sergey Shvetsov proclaimed that, «We consider all
cryptocurrency derivatives to be a negative development
on the Russian market,» explaining that the bank intends to «restrict potential
operations with such instruments made by the regulated part of the Russian market» and to inhibit external actors from making such assets available to the Russian public by preventing access to their websites.
He also pledged that Chinese authorities would continue to apply pressure to the trade of digital assets, which was significantly ratcheted up last year with bans
on token offerings, colloquially known as ICOs, and
on cryptocurrency exchanges, which had to either cease or dramatically reconfigure their
operations, or move abroad.
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On Tuesday the office of New York Attorney General Eric Schneiderman sent letters to 13 cryptocurrency exchanges requesting information on «their operations, use of bots, conflicts of interest, outages, and other key issues.&raqu
On Tuesday the office of New York Attorney General Eric Schneiderman sent letters to 13
cryptocurrency exchanges requesting information
on «their operations, use of bots, conflicts of interest, outages, and other key issues.&raqu
on «their
operations, use of bots, conflicts of interest, outages, and other key issues.»
HashChain is a global blockchain company with
cryptocurrency mining, accounting, and Masternode hosting services that began
operations on November 3, 2017 and subsequently listed for trading
on the TSX Venture Exchange
on December 18, 2017.
Meanwhile,
cryptocurrencies and advertising are becoming more entwined: In October 2017, MetaX, a blockchain technology company focused
on digital advertising, hired Alanna Gombert, then senior VP of technology and ad
operations at the Interactive Advertising Bureau, as its first - ever chief revenue officer.
China was said to be a dwelling to most of
cryptocurrency mining
operations before Beijing started discouraging it in 2017 as part of a huge crackdown
on Bitcoin and other
cryptocurrencies though it is still unclear how much of mining activity has moved offshore or been closed down.
The MoonLite project is an industrial scale
cryptocurrency mining
operation focusing (initially, at least)
on the mining of bitcoin, litecoin, and dash.
(Reuters)- Many obscure companies are pivoting
operations or changing their names to cash - in
on the
cryptocurrency wave, in a trend reminiscent of the dotcom boom.
Building
on this experience, we have learned how to operate a successful
cryptocurrency farming
operation, what to focus
on, and what risks to avoid.
Another good thing is that some providers, such as Monaco, even offer cashback
on any
operation with
cryptocurrencies — up to 2 % in the case of Monaco.
Miner One is a cutting - edge, crowdfunded
cryptocurrency mining
operation built and managed by a team of data centre industry experts and professionals
on behalf of the Miner One Community.
Indian
cryptocurrency exchanges are considering moving their
operations outside the country and other options to carry
on trading...
Both Binance and OKEx were originally founded in China, and have found themselves having to adjust their
operations in the aftermath of the Chinese government's crackdown
on cryptocurrency trading.
While American Bitcoin and Bitcoin IRA investors have been reliant
on Coinbase for many years, the possibility that more major exchanges may begin
operations in the West could open up increased options for investors to purchase Bitcoin and other
cryptocurrencies.
The Common Council chambers were packed Thursday evening as Plattsburgh leaders considered a moratorium
on new
cryptocurrency operations in the northern New York city.
Much like the City of Plattsburgh, whose Common Council last month imposed a moratorium
on new commercial
cryptocurrency mining
operations due to concerns over energy consumption and fire suppression, the Village of Rouses Point is allocated a comparatively small amount of cheap hydropower each month, around 13,844 kilowatts.
Energy costs in most of the United States are increasing, while other nations like China — prime locations for mining
operations due to their low - priced energy supplies — have sought to slow
cryptocurrency innovation by «clamping down»
on Bitcoin miners or limiting available energy.
On Thursday, Japanese authorities suspended
operations at two
cryptocurrency exchanges for a month and ordered business improvements at five other exchanges.
This past week, the Reserve Bank Of India (RBI) declared new policies
on the
operation of Indian bitcoin and
cryptocurrency exchanges.
After Chinese authorities clamped down
on cryptocurrency exchanges, Binance moved
operations to Japan.
Japan is cracking down hard
on cryptocurrency exchanges, having just recently penalized seven of them and requiring two to halt
operations for one month.
Back in September, the financial regulatory bodies in China had a major crackdown
on ICOs and
cryptocurrency trading by asking all the local exchanges to shut down their
operations with immediate effect.
As China's crackdown
on cryptocurrencies broadens to bitcoin miners, some of the industry's biggest players are shifting
operations overseas.
TrickBot is getting in
on the
cryptocurrency gold rush, expanding its
operations to target digital wallets and exchanges using serverside injections and other malicious tactics.
On October 30, Huobi.Pro announced upcoming launch of Over-the-Counter
operation to support peer - to - peer trading between legal tender against
cryptocurrencies.
A day after it was reported that Wall Street investment giant Goldman Sachs is weighing whether to launch a bitcoin trading
operation, its influential CEO took to Twitter to voice an open - yet decidedly neutral - position
on the
cryptocurrency.
The Financial Services Agency (FSA)
on Monday ordered improvements to
operations at Tokyo - based Coincheck, which
on Friday suspended trading in all
cryptocurrencies except bitcoin after hackers stole 58 billion yen ($ 534 million) of NEM coins, among the most popular digital currencies in the world.
It suggests that the cap will exist at the outset, under the auspices of Venezuela's
cryptocurrency superintendency, before going
on to say that the government may modify the limit after the first 90 days of the exchanges»
operations.
The Canadian government has been communicative in its regulatory stances
on cryptocurrency ever since: the Canadian Securities Administrators (CSA) sent out a regulatory notice
on August 24, 2017, confirming «the potential applicability of Canadian securities laws to
cryptocurrencies and related trading and marketplace
operations and to provide market participants with guidance
on analyzing these requirements.»
Chinese officials and regulatory bodies have been cracking - the - whip
on the exchanges and have asked the
cryptocurrency exchanges to shutdown all the
operations as of for now.
South Korean
cryptocurrency exchange Coinpia has suspended fiat deposits as well as trading
operations after the company was not able to meet the country's new KYC requirements in time, as stated in an announcement
on their site Tuesday, Feb. 6.
The Ministry of Finance of Russia, in turn, proposes to allow
operations with
cryptocurrencies, but only
on legalized exchanges and only to qualified investors.
While the global community is expressing its concerns regarding the negative impact that
cryptocurrency mining has
on the environment, the project aims to open efficient cryptomining
operations globally through using exclusively green energy to mine currencies like Bitcoin, Bitcoin cash, DASH, and Litecoin
on an industrial level.
It wouldn't be surprising to see more big mining
operations pop up in the country as demand for
cryptocurrency grows — which inevitably puts more strain
on the network.
The proposed legislation contained provisions focused
on the taxation and oversight of
cryptocurrency exchanges and even included a provision regarding domestic mining
operations.
On the other hand, the current legislation does not explicitly prohibit
cryptocurrency operations like exchange services.
On reports that the Chinese authorities plan to ban exchange trading operations with cryptocurrencies, the main cryptocurrencies are traded with a serious discount on the Chinese exchange platform
On reports that the Chinese authorities plan to ban exchange trading
operations with
cryptocurrencies, the main
cryptocurrencies are traded with a serious discount
on the Chinese exchange platform
on the Chinese exchange platforms.
Bitcoin faced such a dip owing to the fact that Binance
cryptocurrency exchange might face criminal charges and a shutdown of its Japanese
operation, even though the regulator clarified
on Friday that it was only going to issue a warning to the unlicensed exchange.
It added «at least two major Chinese
cryptocurrency exchanges» have recently stopped their ICO
operations, while a conference
on blockchain technology was also canceled.
With the recent events in mind, EXMO
Cryptocurrency Platform released the following official statement
on the abduction of Pavel Lerner: Pavel holds a role of a leading analyst at EXMO and is a blockchain expert who leads an array of personal blockchain startup projects not related to the
operations of the EXMO platform.
The entire
operation runs
on electricity produced with coal, as do a growing number of
cryptocurrency «mines» popping up in China.
In September, the government announced a ban
on cryptocurrency trading and required all exchanges in the country to stop their
operations.