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China province cuts power from 26 bitcoin mining farms

China province cuts power from 26 bitcoin mining farms

Chinese authorities in Sichuan province forced energy distributors in the region to cut the supply for 26 bitcoin mining farms on Thursday (18), according to information from The Block. Mining companies had to turn off their machines to undergo an inspection that should last until

Bitcoin price is recovering after China new cryptocurrencies ban

Old soap: China has banned Bitcoin 5 times since 2013

From 2013 until today, China has already announced the banning of Bitcoin and other cryptocurrencies in its territory on at least 5 occasions. The most recent case occurred last week when the Asian country said it would act to crack down on mining and Bitcoin

Bitcoin price is recovering after China new cryptocurrencies ban

Bitcoin price is recovering after China new cryptocurrencies ban

On Tuesday, China banned financial institutions and payment companies from providing services related to bitcoin and other cryptocurrencies transactions. Comparing with the previous ban issued in 2017, the new rules expanded the scope of prohibited services, and determined that “virtual currencies are not supported by

Tesla asks for apologies in China after state media criticism

Tesla asks for apologies in China after state media criticism

Tesla presence at the Shanghai Auto Show, China’s economic “capital”, in this this week, was overshadowed by protesters who claimed Tesla vehicles had “defective brakes”. The incident attracted the attention of visitors, before security guards removed the protesters. The company said that a Tesla customer

38-year-old TikTok founder Zhang Yiming targets a $60 billions fortune

Last year, ByteDance, the world’s most valuable startup, was under pressure from all sides. Donald Trump’s government wanted the Chinese company, which owns the video sharing platform TikTok, to sell assets. The Chinese government increased vigilance over technology companies, and India has blocked some of