Q3 saw significant crypto market recovery from May crash, says new report

Despite anti-crypto regulatory policies, the cryptocurrency market made steady gains throughout Q3 2021. Cryptocurrency data aggregator CoinGecko has released its Q3 2021 report showing massive gains across several crypto market sectors.Following the May market crash, Q3 began on a low ebb for the crypto space, with market capitalization even dipping further in late July below the $1.2 trillion, less than half of the $2.5 trillion all-time high recorded only two months prior.However, market capitalization did recover in Q3, even rising as high as $2.3 trillion in early September.According to the CoinGecko report, Bitcoin (BTC), gaming “coins,” and nonfungible tokens (NFTs) dominated the crypto market space in Q3.Bitcoin recorded a 25% increase between Q2 and Q3 and has continued on this upward trajectory, even reaching $60,000 for the first time in five months.The network’s hash rate also experienced a resurgence in Q3, indicating a recovery from China’s sweeping crackdown that forced miners to relocate overseas.Gaming tokens like Axie Infinity (AXS), Illuvium (ILV), and Gala (GALA), as well as the NFT space in general, did record massive gains in Q3 as well.AXS, in particular returned almost 1,000% quarter-on-quarter gains, with its 2021 performance topping 13,700%.In terms of NFT trading volume, OpenSea continued its dominance of the market segment.

International Ransomware Summit Sets Sights on Crypto

Representatives from the EU and 31 countries called for a collaborative crackdown on crypto and ransomware risks.

Tech Crackdown Hasn’t Halted Chinese Firms’ Blockchain R&D Progress

Chinese companies are still topping the blockchain patents charts – despite Beijing’s recent crackdown on crypto and some of the nation’s biggest tech firms....Read More: Tech Crackdown Hasn’t Halted Chinese Firms’ Blockchain R&D Progress

Russia considers new energy tariffs as Chinese crypto miners relocate

Russia’s Irkutsk region saw its energy consumption rates surge by 160% following China’s crackdown on crypto mining. The Russian Ministry of Energy is looking to introduce special electricity tariffs for cryptocurrency miners following migration of the industry into the country from nearby China.Russian Energy Minister Nikolai Shulginov announced Wednesday that the authority is working on a new framework to differentiate tariffs between general usage and cryptocurrency mining, local news agency RBC reported Oct.

Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s Crackdown

After China has reigned for a number of consecutive years as the dominant bitcoin mining epicenter of the world, the United States has “taken the leading position in bitcoin mining,” according to new data from Cambridge University.

US Becomes Largest Bitcoin Mining Hub After China's Miner Exodus

Following China’s crackdown on Bitcoin (BTC) mining earlier this year, the US has officially become the largest Bitcoin mining hub, followed by Kazakhstan and Russia, researchers at Cambridge University have found. ...Read More: US Becomes Largest Bitcoin Mining Hub After China's Miner Exodus

US dominates global Bitcoin hash rate distribution after China crackdown

The United States now accounts for more than a third of the total Bitcoin mining activity with Kazakhstan and Russia also becoming major locations. Following sweeping crackdowns by China against Bitcoin mining activity, the United States has now emerged as the leading nation in terms of hash rate.According to the Cambridge Bitcoin Electricity Consumption Index (CBECI), Bitcoin (BTC) miners in America account for 35.4% of the total global BTC mining hash rate distribution.CBECI data also shows Kazakhstan (18%) and Russia (11%) as the next major Bitcoin mining centers outside the United States.

Binance to suspend Chinese yuan from P2P platform in December

Binance is taking more measures to comply with China’s cryptocurrency crackdown with new restrictions in the mainland. Binance crypto exchange officially announced on Wednesday that the company will delist the Chinese yuan (CNY) from its peer-to-peer trading platform on Dec.

Binance delists CNY trading zone as it stops services for Chinese users

Binance had to pump its brakes on operations in China amid the growing crackdown in the country.

No Crypto Crackdown in Russia but Keep Coins off Russian Soil, Official Warns

Another major power has claimed it will not follow Beijing in a nationwide crypto crackdown – with Moscow the latest to distance itself from such a move, days after the United States Securities and Exchanges Commission appeared to rule out the notion.

China Ready to Get Tough with Crypto Crackdown Enforcement

the central People’s Bank of China (PBoC) and called on companies in the country to take punitive measures against crypto-trading customers.

Can China's crypto crackdown benefit the 'entire DeFi ecosystem'

In a recent interview with Bloomberg, Dawn Fitzpatrick, CEO and Chief Investment Officer at Soros Fund Management commented that Bitcoin was now "mainstream." She stated, "I'm not sure Bitcoin is onlThe post Can China's crypto crackdown benefit the 'entire DeFi ecosystem' appeared first on AMBCrypto.

NFTs Are Still Hot in China, Despite Crypto Crackdown

NFT communities, from JPEG speculators to DAOs to play-to-earn clubs, are alive and well in China even after multiple crypto crackdowns.

Addition of more Bitcoin, cryptos to your investment portfolios will...

The crypto-sector has been marred with price volatility lately, partly thanks to the crash caused by China's crypto-crackdown.

Chinese Firms Exiting Mainland as Crypto Crackdown Bites

href="https://cryptonews.com/ext/poloniex/">Poloniex.Per the China Securities Journal, “more than 20 “crypto-related companies have “announced their withdrawal from the Chines...

US Justice Department Creates Task Force to Combat Cryptocurrency Ransomware

In the United States' effort to crackdown on ransomware attacks, a new task force is being created to stop those conducted through exchanges.

SEC Will Not Follow China’s Blanket Ban on Bitcoin and Crypto Assets, Says Chairman Gary Gensler

The chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, says his agency is not looking to pursue a China-style crackdown on crypto assets.

a16z Lays out Regulatory Proposal as SEC Chief Focuses On Consumer Protection

ruled out the possibility of enacting a China-style crypto crackdown in America. He was responding to questions in a hearing in Congress where a Republican lawmaker asked if “a China-like prohibi...

Shilling for the Man: Why MSM Hates Crypto

Nearly every day as of late, scary headlines herald the demise of cryptocurrencies while federal governments and regulators all over the world crackdown on the enigmatic digital assets.

Donald Trump on Crypto: ‘I Don’t Want Other Currencies Coming Out and Hurting the Dollar’

Former US President Donald Trump has commented on the growing popularity of cryptocurrencies and the crypto crackdown by the Chinese government.

Is China’s Crypto Ban a Boon for Decentralization?

On the heels of China’s recent crackdown on cryptocurrency, traditional cryptocurrency exchanges are beginning a rapid pullout from one of their biggest markets.

Bitmain's Jihan Wu discusses 'next phase of growth' post China's crypto crackdown

China's latest crackdown on the crypto industry had a severe impact on several industry players, especially miners located in China.

DeFi and DEX volumes soar amid China's crypto ban and ongoing US regulation

Data shows that crypto holders are increasingly shifting to DeFi protocols and DEXs as China continues its cryptocurrency crackdown and fears of heavy-handed regulation scare US-based traders. Last week China’s heavy-handed crackdown on crypto trading crypto briefly sent shockwaves across the market as Bitcoin and altcoin prices saw a sharp drop following the announcement, but as is the case with all things crypto-related, the market bounced back as resilient traders found other ways to participate in the market. Part of China's goal in limiting citizens ability to trade cryptocurrency seems focused on discouraging the use of cryptocurrencies and the growing decentralized finance (DeFi) ecosystem but these maneuvers appear to be having the opposite effect as the token price and protocol activity for projects like Uniswap (UNI) and dYdX have seen an uptick since the crackdown began.

The US Should do The Opposite of China on Crypto: a16z Partner

A partner at venture capital giant Andreessen Horowitz (a16z) has said that the United States should see China’s crypto crackdown as an opportunity.

China’s Ban On Crypto-Assets Forces Huobi Mining Pool To Rotate 100k Bitcoin

The Chinese crackdown on mining activities has awakened a lot of decisions and actions.

China's crypto holdouts: Bitcoin nodes and OTC desks struggle on

There are still a handful of Bitcoin nodes hanging on in China and OTC trading remains viable, but it may not be for long. Despite Beijing’s ever-increasing crackdown on the crypto industry, there are still some signs of life in the People’s Republic regarding the Bitcoin network and OTC trading.China intensified its clampdown on crypto last week in an effort to suppress any remaining activity related to digital assets within its borders.

Miami Mayor: China’s Crypto Crackdown ‘Creates Incredible Opportunity for America’ in Bitcoin Mining

The mayor of Miami, Florida, sees China’s cryptocurrency crackdown as “the turning point” that “creates an incredible opportunity for America.” He said: “Their loss is our gain and America can and will lead the future by providing a clean power home for bitcoin miners and all who are building on/with/for bitcoin.” Miami Mayor Sees US […]

Huobi’s Bitcoin Mining Pool Moves 100K BTC Following the Chinese Crackdown

One of the largest Bitcoin pools - Huobi Pool - has moved over $4 billion in BTC from miners following the recent Chinese crackdown on cryptocurrencies.

Alibaba Suspends Sale of Cryptocurrency Mining Hardware on Its Platform

Alibaba, the Chinese e-commerce giant, has announced it will no longer allow the sale of cryptocurrency mining gear on its platform.

CoinMarketCap, CoinGecko, TradingView Blocked in China after Toughened Cryptocurrency Clampdown

Millions of crypto users in China suddenly found themselves unable to access TradingView, CoinMarketCap, and CoinGecko, a time the country renewed its fresh crackdown on crypto assets.

Another Ethereum mining pool forced to close due to China crackdown

Beepool, the fourth largest Ethereum mining pool will shut down operations following Beijing’s anti crypto posture. BeePool, the fourth largest Ethereum mining pool, is closing amid China's crypto crackdown.The China-based Ethereum mining pool announced on Tuesday it will suspend operations "in response to the latest regulatory policies." Effective immediately, the registration of new users and the addition of sub-accounts for existing users will be discontinued, and all mining access servers are expected to stop operating by October 15.The announcement comes just a day after news broke that SparkPool, the second largest Ethereum mining pool, will suspend operations by the end of the month for similar reasons.Between them, BeePool and SparkPool account for more than one quarter of Ethereum’s hashrate.pic.twitter.com/MEZJyIqued— beepool.org (@beepools) September 28, 2021 Following a lull in its crypto crackdown, late last week it became clear the People’s Bank of China was ramping up a suite of new measures and promoting stronger inter-departmental coordination to suppress crypto activity.

The revival of Ethereum's price will depend on these 'buying nets'

Owing to China's latest crackdown announcement, the entire crypto-market has been on a slippery slope over the last few days.

Another Major Ethereum Mining Pool Has Shut Down Due to China Crypto Ban

BeePool, SparkPool, Alibaba, and Binance have all responded to China's crypto crackdown.

Over $5 Billion In Bitcoin And Ethereum Moved From Cold Wallets Amid China Crackdown

China continued its crackdown on crypto, leading to massive amounts of bitcoin and Ethereum being moved from exchanges.

Can Uniswap capitalize on China's crackdown on crypto

While most of the market's alts were hesitant and complacent over the weekend, UNI's price pumped significantly.

Alibaba to ban crypto miner sales amid Chinese crackdown

Any sellers that list crypto miners or relevant products on Alibaba’s platforms after Oct.

Traders say Bitcoin’s bullish bias will only be confirmed by a close above $44K

Bitcoin needs to flip $43,600 to support in order to see bullish continuation and on-chain data signals that BTC accumulation continues to increase. The fallout from China’s ongoing crackdown on the crypto sector has led to uncertainty finding its way back into the market again.

Law Decoded: China FUD and false dichotomies, Sept. 20–27

Many in the crypto space are calling for the US to assert its foundational principles by implementing crypto policies in opposition to China. In the wake of yet another iteration of China’s enduring crackdown on cryptocurrency, a particularly influential narrative on Crypto Twitter suggests that by banning Bitcoin (BTC), China has definitively put itself on the dark side of the struggle, while the collective West must now resolutely throw its weight on the opposite side by embracing crypto.Granted, this framework for thinking about the relationship between political power and decentralized finance is appealing for crypto allies.

Price analysis 9/27: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, LUNA

Bitcoin and most major altcoins have recovered from last week’s sell-off, but they are still facing selling at higher levels, suggesting that the market could remain range-bound for a few days. Bitcoin (BTC) and Ether (ETH) recovered a large part of the losses that happened due to the knee-jerk reaction to China's regulatory crackdown on Sept.

Major Crypto Exchanges Cut Ties With Chinese Users After China’s Latest Crackdown on Cryptocurrency

Major cryptocurrency exchanges are cutting ties with users in China following the latest crypto crackdown announcement by the Chinese government.

Ethereum’s Second-Largest Mining Pool to Shut Down on Sept 30 Amid China Regulatory Pressure

The Chinese crackdown on the cryptocurrency industry has taken another victim - this time, the Ethereum mining pool Sparkpool.

Second-largest Ethereum mining pool to suspend all operations

Launched in China in 2018, SparkPool controls over 22% of Ether’s hashrate as of today, second only to Ethermine. Sparkpool, the second-largest Ethereum mining pool in the world, is suspending operations due to the ongoing Chinese crackdown on crypto.The mining pool officially announced Sept.

Crypto Prices Today Bounce Back from Friday Sell-Off, Bitcoin, Ether, Solana, Polkadot, and others Surge Higher

Cryptocurrency markets have regained important values just a few days after China’s fresh crackdown.

Derivatives DEX dYdX beats out Coinbase by volume amid China FUD

Chinese traders appear to be flocking to derivatives DEX dYdX amid concerns over a renewed crypto crackdown in China. Decentralized derivatives exchange dYdX has seen a surge in trade activity as concerns surrounding a renewed Chinese crypto crackdown have circulated this year, with the DEX now processing more volume than Coinbase for the first time.According to CoinGecko, dYdX has facilitated more than $4.3 billion worth of trades in the past 24-hours, beating out Coinbase $3.7 billion in volume by nearly 15%.

China’s Crackdown Spurs Massive Onchain Transfers, Cold Wallets Move $3 Billion in Bitcoin and 800K Ether

Following the latest statements from China’s central bank concerning cryptocurrencies and offshore crypto exchanges, massive amounts of funds have been moving onchain.

Bitcoin, Ethereum whales swimming out of Huobi, with a huge catch

After China's crackdown on crypto transactions, exchanges began to limit their services for China-based users.

Abkhazia Seizes 6,000 Mining Devices but Fails to Disrupt Crypto Mining

Authorities in Abkhazia have confiscated thousands of mining machines, closing down all large crypto farms, yet they have admittedly failed to put an end to illegal mining operations.

US Lawmakers See China’s Authoritarian Crackdown on Crypto as Big Opportunity

Several US lawmakers see China’s authoritarian crackdown on cryptocurrency, including bitcoin, as “a perfect opportunity for American leadership on cryptocurrency.” One senator noted that it is “a reminder of our huge structural advantage over China.” US Lawmakers Comment on China’s Cryptocurrency Crackdown Following the latest news of China’s crackdown on cryptocurrency, several US lawmakers have […]

Bitcoin, Ethereum Recover from China’s Latest Crypto Crackdown

China's crackdown largely firms up existing regulations—but it left a nasty sting on the market.

As Markets Turn Red, Senator Pat Toomey Calls China’s Crypto Crackdown ‘Big Opportunity’ for the US

Crypto prices are down across the board today after China announced it is banning virtually all activity related to the cryptocurrency industry.

China’s Crypto Crackdown is an Opportunity for the US, Says Senator Pat Toomey

Pennsylvania Senator Pat Toomey argued that China's crypto crackdown offers a big opportunity for the United States.

Bitcoin, Ethereum Drop as China Intensifies Crypto Crackdown

The Chinese government has again announced more bearish statements on crypto, iterating its ban on the use of “virtual currencies” from 2017.

Ethereum drops more than Bitcoin as China escalates crypto ban, ETH/BTC at 3-week low

The second-largest cryptocurrency falls 13.30% versus Bitcoin's 9.38% decline as China's move scares investors away. The price of Ethereum's native token Ether (ETH) crept lower Friday after China extended its crackdown on cryptocurrencies by deeming their transactions as "illegal.""Financial institutions and non-bank payment institutions cannot offer services to activities and operations related to virtual currencies," the People's Bank of China said in a statement on its website Friday, adding that online crypto services to Chinese residents offered by offshore exchanges are also "illegal financial activities."Bids for the ETH/USD pair dropped by up to 13.30% to $2,735 in response.

Trading and Mining Crackdown in China Escalates: Bitcoin Plunges $3K

China continues with its negative stance against the cryptocurrency industry with a new update from the nation's central bank.

Crypto Market Dives as China Continues Crackdown, Singles out Tether & Foreign Platforms

ment.The crypto market dived following the news.

Brace For 'Really Volatile' 6-12 Months in Crypto Regulatory Sphere - Novogratz

ent regulatory crackdown on the crypto industry in the US in particular. He opined that any suggestion that Gary Gensler does not know what he is doing is simply wrong.“Gary [Gensler] is smart, there is absolutely no doubt about it,” Novogratz said, before he went on to state that...

Bitcoin mining difficulty surges 31% since July

Mining new Bitcoin keeps getting harder, but the current difficulty is still far from its record highs. As the Bitcoin network hash rate continues to recover amid global miners accumulating more capacity, the cryptocurrency is getting increasingly difficult to mine.On Tuesday, the Bitcoin network posted another mining difficulty adjustment, rising 3.2% to hit a difficulty rate of nearly 19 trillion, according to data from blockchain explorer BTC.com.The latest adjustment makes up the fifth consecutive surge of Bitcoin’s (BTC) mining difficulty since mid-July, with the difficulty rate increasing more than 31% from around 13.7 trillion, the lowest difficulty level since June 2020.The new positive adjustments follow a batch of four consecutive difficulty drops that started with a nearly 16% decline in late May amid global environmental, social, and corporate governance-related concerns over Bitcoin as well as China’s nationwide crackdown on cryptocurrency mining.Despite seeing five positive adjustments in a row, the current Bitcoin mining difficulty rate is still far from its all-time high level of over 25 trillion recorded in May 2021.Bitcoin’s 10 past mining difficulty adjustments.

Treasury plots stablecoin crackdown even as Tether’s dominance wanes

While Tether’s dominance has fallen to 56%, USDC and BUSD have surged to 23.9% and 10.4% respectively.

Data center operators have ‘no problem’ with new Russian crypto crackdown

As Russia works to “more clearly prohibit the use of cryptocurrency,” the country's largest data center operators aren’t really worried.

China’s Hebei Province Begins Crackdown on Crypto Mining and Trading, Reports Reveal

Authorities in the Chinese province of Hebei have reportedly launched a campaign against cryptocurrency mining and trading.

Authorities Seize USD 5.2m in Crypto from ‘Tax Dodgers’

tax crackdown on suspected cases of unreported or underreported taxable income by studying customer data they were handed by the nation’s four largest crypto exchanges....

Traders in Korea Could Lose Billions This Month As Regulatory Crackdown Deadline Approaches: Report

Crypto traders in South Korea could reportedly lose assets worth more than $2.6 billion as the country’s digital asset exchanges stare down the barrel of impending regulations that could have a large impact on the crypto industry.

Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300

Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high.

Oil Producers and Bitcoin Miners Meet in Texas to Discuss Cooperative Mining Possibilities

A meetup in a vehicle warehouse in Houston served as an encounter point for oil producers and bitcoin miners to talk about possible on-site crypto mining opportunities last week.

Nigeria's SEC forms Fintech unit to study crypto for future regulations

Regulatory crackdown on crypto has become quite prevalent in many parts of the world, including Nigeria.

Canadian Tax Agency Launches Audit To Thwart Crypto Tax Evasion

The Canada Revenue Agency (CRA) is increasingly targeting crypto traders who have not yet reported their profits from transactions as part of a large scale audit implemented by the tax agency’s Cryptocurrency Section. The crackdown was signaled by Norman MacDonald, head of tax litigation at the Toronto-based law firm Rogerson Law Group.

Here's why 'accumulating' miners expect Bitcoin to cross $48,000

China's crackdown on crypto mining triggered a sharp fall in Bitcoin's hashrate and price earlier this year, panicking traders worldwide. In spite of this, analysis by CryptoQuant showed that the BiThe post Here's why 'accumulating' miners expect Bitcoin to cross $48,000 appeared first on AMBCrypto.

Binance Discontinues Support for Norwegian Krone Pairs, Payments and Language

Cryptocurrency exchange Binance is discontinuing certain offerings in Norway.

China to ‘maintain a high-pressure situation’ on crypto, official says

An official at the People’s Bank of China said that the public should increase its risk awareness and stay away from crypto investments. China has reportedly doubled down on its crypto crackdown with a public reminder stating that Bitcoin (BTC) and other digital currencies “are not legal tender and have no actual value.”In a local media briefing, Yin Youping, the deputy director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China (PBoC), said the central bank will maintain a “high-pressure situation” and continue to crack down on digital currency-related transactions.

Recovering Hash Rate, Improving Metrics Indicate Market Rebound - Report

The recovering hash rate indicates that some mining operations are beginning to return online in new locations outside of China, and the worst of the crackdown could be over, according to a recent analysis by crypto financial intelligence provider CoinMetrics. With mining operations moving out of China following the ongoing government crackdown, Bitcoin hash rate

People's Bank of China in Shenzhen ‘cleans up’ illegal crypto firms

The Shenzhen branch of the People's Bank of China launched a special “rectification” program against illegal crypto-related activities, beginning with a crackdown on 11 emerging companies. The Shenzhen branch of the People’s Bank of China is taking a hardline approach to cryptocurrency-related activities deemed illegal.

People’s Bank of China Targets Crypto Companies in Shenzhen Crackdown

The Shenzhen office of the People’s Bank of China (PBOC) has reportedly set out to correct the business activities of about a dozen companies allegedly engaged in cryptocurrency transactions.

Bitcoin Mining Revenue Up $35 Million Per Day Since China Crackdown

Bitcoin miners will have to properly time exchanges into dollars to take advantage of rising Bitcoin prices.

Cryptocurrency derivatives market shows growth despite regulatory FUD

The cryptocurrency derivatives market will continue to flourish in 2021 despite the regulatory crackdown on the sub-ecosystem.

Shanghai Special: Crypto crackdown fallout and what happens next

The summer of regulatory action has now become a global phenomenon.

This part of the Bitcoin industry 'is an emotional game'; here's why

Since China’s mining crackdown started earlier this year, Chinese Bitcoin miners have been scrambling to find a new place.

How is this trend affecting Bitcoin's mining

The Chinese mining crackdown earlier this year left a deep mark on the Bitcoin industry and network, causing its mining difficulty and hash rate to take a deep dive.

Bitcoin Mining Gets 7.3% More Difficult After Latest Adjustment

The network is recovering from consecutive drops caused by China’s mining crackdown.

Bitcoin mining difficulty jumps second time as miners settle offshore

Bitcoin mining difficulty took a second jump following the dip in mid-July as the mining ecosystem continues to turn back online. The mining difficulty of Bitcoin (BTC) took a dive after China announced a crackdown on mining operations, which at its peak, contributed to three-quarters of the global hashrate.

Ukraine Shuts Down Crypto Exchangers Sending Money to Russian Wallets

The Security Service of Ukraine (SBU) has closed down a number of “underground” crypto exchangers in Kyiv.

BitMEX reaches an agreement With CFTC & FinCEN; will pay this penalty fee

Regulatory crackdown on crypto exchanges seems to be the new trend now.

KYC tools can minimize hassle for US crypto market, FTX CEO says

FTX will now use phone numbers to confirm users’ jurisdiction and names in addition to testing new KYC tools. Ongoing regulatory scrutiny has forced many crypto businesses across the globe to close up shop. Amid this crackdown, Sam Bankman-Fried, CEO of prominent crypto exchange FTX, has been vocal about his continued efforts to adapt to the changing regulations around running crypto businesses, announcing FTX’s efforts toward finding systems for streamlining its Know Your Customer (KYC) operations. “As we mature as a company, we’ve been building out our checks, finding and incorporating more signals,” Bankman-Fried stated.

Interview with Adam Baker from Mercuryo On Crypto Regulatory Landscape

The regulatory landscape on cryptocurrencies and the blockchain industry is changing, many expect a global crackdown on this industry.

Bitcoin Fees 'Unusually Low' But Set to Increase

Bitcoin mining rigs. Fees on Bitcoin (BTC) network have dropped more than 90% in a month, with industry insiders noting that they are low compared to what has historically been seen - but that they will now start gradually rising as a series of mining difficulty adjustments that aimed to balance out the China crackdown effects has ended.

Crypto Crime Falls in China, Surges in Hong Kong, Reports Reveal

China’s cryptocurrency transactions related to criminal activities have decreased significantly over the past couple of years, a new report suggests.

Nigerian crypto adoption rises despite govt crackdown

Nigerians are still hungry for crypto despite the central bank's efforts to quash it.

UK Crypto Crackdown Reveals ‘Good Actors From Bad’: Bitstamp CEO

Julian Sawyer, CEO of crypto exchange Bitstamp, joined The Decrypt Daily podcast to discuss the latest regulatory initiatives in the UK

Shanghai Man: Crypto recovers, disasters strike, and China’s crackdown moves to other sectors

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.It was a tumultuous week in China outside the financial world with severe flooding hitting Zhengzhou and typhoon In-Fa lashing into cities around Shanghai.

Genesis Digital Assets raises $125M as mining sector pivots to the west

Genesis plans to more than triple its hashing capacity from 2.6 EH/s to 8.1 EH/s. Genesis Digital Assets has become the latest Bitcoin mining firm to raise millions towards plans for aggressive expansion amid the exodus of miners from China due to its crackdown on the sector.On July 28, Genesis announced it had closed a $125 million equity funding round led by UK-based Kingsway Capital.

Changpeng Zhao Says He’s Willing Step Down as Binance CEO Amid Global Cryptocurrency Crackdown

Binance CEO Changpeng Zhao revealed his willingness to step down from his top position while battling a series of regulatory issues.

Iran Raises Alarm Over Potential Influx of Miners From China

With the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions.

China's Ongoing Crypto Crackdown Is All About Perception

China’s crypto crackdown is just one part of its wider move against Big Tech and its ongoing battle to contain internet businesses.

The Ominous Ethereum Comparison That Will Leave Bulls Petrified

All across finance, the conversation of the day has been centered around China and the ongoing regulatory crackdown  As it pertains to the crypto market and assets like Bitcoin and Ethereum, holders are wondering if there could be spillover effect and additional FUD that could on the ongoing recovery in play.

Why did Huobi file 'resolution to dissolve' its entity in China

The stringent crackdown on cryptocurrency businesses and mining in China has led the prominent cryptocurrency exchange, Huobi to shut down its subsidiary functioning in the country.

Huobi Files to Dissolve Chinese Entity Following Recent Cryptocurrency Crackdown

Huobi has filed a resolution to dissolve its Chinese entity amid a broader regulatory crypto crackdown in the country.

China's crackdown signals an oncoming crypto ban, Bobby Lee says

China has been increasing its regulatory pressure on crypto firms to help Chinese citizens stay clear of high-risk investments. Bitcoin (BTC) maximalist and Ballet CEO Bobby Lee recently discussed the implications of China’s ongoing crackdown on cryptocurrency.

Bitcoin’s Hashrate Rebounding after Engaging a 50% Drop

Bitcoin’s hashrate seems to be on an upward trajectory after nosediving by 50% amid an intensified crackdown on crypto mining by Chinese authorities.

BTC Mining Migration, Challenges & Forecasts for the Post-crackdown Industry

Bitcoin (BTC) mining is on the move.

Three US States Going After BlockFi In Regulatory Crackdown

New Jersey, Texas, and Alabama have individual state regulators issuing concerns that New Jersey-based DeFi firm, BlockFi, is offering unregistered securities.

Bitmain to Host Miners in 180-Megawatt Data Center in Kazakhstan

Crypto mining hardware manufacturer Bitmain has partnered with Enegix to host Antminer S19 Pro devices in one of the world’s largest data centers.