• About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Saturday, July 2, 2022
  • Login
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
No Result
View All Result
Home Trading

China’s Bitmain suspends sales of cryptomining machines after Beijing’s mining ban By Reuters – Currency Times

June 26, 2021
in Trading
Reading Time: 2 mins read
0
China’s Bitmain suspends sales of cryptomining machines after Beijing’s mining ban By Reuters
Share on FacebookShare on TwitterShare on RedditShare on Whatsapp



© Reuters. Bitcoin mining computers are pictured in Bitmain’s mining farm near Keflavik, Iceland, June 4, 2016. Picture taken June 4, 2016. REUTERS/Jemima Kelly/Files

SHANGHAI (Reuters) -Bitmain, China’s biggest maker of cryptocurrency mining machines, said it had suspended sales of its products in the spot market to help ease selling pressure following Beijing’s ban on bitcoin mining.

Bitmain also said it is looking for “quality” power supplies overseas along with its clients, in places including the United States, Canada, Australia, Russia, Kazakhstan and Indonesia.

China’s State Council, or cabinet, vowed to crack down on bitcoin trading and mining in late May, seeking to fend off financial risks.

Answering Beijing’s call, China’s main cryptocurrency mining hubs, including Inner Mongolia, Xinjiang, Yunnan and Sichuan, have all published detailed measures to root out the business.

Following the ban, many Chinese miners are selling machines and exiting the business, or shipping machines overseas.

“(Overseas) mining sites are not built overnight, and selling pressure is huge in the secondary market,” Bitmain said in a statement.

“To help smooth transition of the industry,” Bitmain has decided to suspend selling its Antminer machines globally.

Bitmain said overseas markets where it and Chinese miners are seeking cheap electricity also include Belarus, Sweden, Norway, Angola and Congo.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Related articles

Axie Infinity Daily Revenue Plunges Over 94% from Peak as Daily Active Addresses Drops by 72%

Axie Infinity Daily Revenue Plunges Over 94% from Peak as Daily Active Addresses Drops by 72%

December 28, 2021
Bored Ape Yacht Club (BAYC) Flips CryptoPunks Floor Price, But Only Briefly

Bored Ape Yacht Club (BAYC) Flips CryptoPunks Floor Price, But Only Briefly

December 23, 2021
Share2Tweet1ShareSend

Related Posts

Axie Infinity Daily Revenue Plunges Over 94% from Peak as Daily Active Addresses Drops by 72%

Axie Infinity Daily Revenue Plunges Over 94% from Peak as Daily Active Addresses Drops by 72%

December 28, 2021
0

Amidst this, another P2E game DeFi Kingdoms (JEWEL), has captured the interest of users, which is not listed on...

Bored Ape Yacht Club (BAYC) Flips CryptoPunks Floor Price, But Only Briefly

Bored Ape Yacht Club (BAYC) Flips CryptoPunks Floor Price, But Only Briefly

December 23, 2021
0

Trading & InvestingBored Ape Yacht Club (BAYC) Flips CryptoPunks Floor Price, But Only Briefly AnTyDecember 23, 2021For the first...

UNI and MATIC Pump after Uniswap V3 Deployed on the Ethereum Scaling Solution Polygon

UNI and MATIC Pump after Uniswap V3 Deployed on the Ethereum Scaling Solution Polygon

December 23, 2021
0

Trading & InvestingUNI and MATIC Pump after Uniswap V3 Deployed on the Ethereum Scaling Solution Polygon AnTyDecember 23, 2021In...

VCs Pour in $30 Billion, A 4x of 2018's High, Into The Crypto Market in 2021

VCs Pour in $30 Billion, A 4x of 2018’s High, Into The Crypto Market in 2021

December 20, 2021
0

Trading & InvestingVCs Pour In $30 Billion, A 4x of 2018’s High, Into The Cryptocurrency Market In 2021 AnTyDecember...

Crypto Outliers: LUNA Amasses $16.9B & Surpass BSC, AVAX Aims for 1M Daily Transactions

Crypto Outliers: LUNA Amasses $16.9B & Surpass BSC, AVAX Aims for 1M Daily Transactions

December 20, 2021
0

Trading & InvestingCrypto Outliers: Terra (LUNA) Amasses $16.9 Bln & Surpass BSC, Avalanche (AVAX) Aims for 1 Million Daily...

Load More
  • Trending
  • Comments
  • Latest
cryptology

Cryptology Launches Passive Income Product | NewsBTC

September 15, 2021
US Senator Lummis Buys More Bitcoin, Seeing BTC as 'Excellent Store of Value'

US Senator Lummis Buys More Bitcoin, Sees BTC as ‘Excellent Store of Value’ – Featured Bitcoin News

October 9, 2021
Bank of America Executive Sees Crypto as Asset Class: 'I Don't View It as Competition at All'

Bank of America Executive Sees Crypto as Asset Class: ‘I Don’t View It as Competition at All’ – Featured Bitcoin News

November 7, 2021
Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the US

Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the US – Bitcoin News

September 24, 2021
World Of Women, screenshot from the website

Blue Chip NFTs 101: The World Of Women Collection, Including And Conquering

0
Floyd Mayweather – Boxing Champion Promoted an ICO

Floyd Mayweather – Boxing Champion Promoted an ICO

0
Cannabis Industry Going Crypto | CryptoPost

Cannabis Industry Going Crypto | CryptoPost

0

Why South Korea Decided To Ban ICOs?

0
World Of Women, screenshot from the website

Blue Chip NFTs 101: The World Of Women Collection, Including And Conquering

July 2, 2022
coincoinx

Crypto Exchange Coincoinx to Launch Crypto to Fiat Payments App in Venezuela – Emerging Markets Bitcoin News

July 1, 2022
TSX-Listed Voyager Digital 'Temporarily' Suspends Trading, Deposits, and Withdrawals – Bitcoin News

TSX-Listed Voyager Digital ‘Temporarily’ Suspends Trading, Deposits, and Withdrawals – Bitcoin News

July 1, 2022
The value of ALGO/USD rises to $0.982 following a mild bullish correction

Algorand’s token is bullish, but where are the buyers?

July 1, 2022

Recommended

Adshares

What Is Adshares? » CoinFunda

March 28, 2020
Users at the Сenter of Сrypto Loan Developments | NewsBTC

Users at the Сenter of Сrypto Loan Developments | NewsBTC

January 31, 2022
Celer Network up 7% as bullish trend gathers momentum after mainnet launch of cBridge 2.0

Celer Network up 7% as bullish trend gathers momentum after mainnet launch of cBridge 2.0

November 22, 2021
Bakkt BTC Company Closes First Day Of Trading Down 6.4%

Bakkt BTC Company Closes First Day Of Trading Down 6.4%

October 19, 2021

Recent News

World Of Women, screenshot from the website

Blue Chip NFTs 101: The World Of Women Collection, Including And Conquering

July 2, 2022
coincoinx

Crypto Exchange Coincoinx to Launch Crypto to Fiat Payments App in Venezuela – Emerging Markets Bitcoin News

July 1, 2022

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • ICO News
  • Litecoin
  • Market Analysis
  • Press Release
  • Regulation
  • Ripple
  • Stablecoin
  • Trading
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

CryptoReception © 2021 All rights reserved

No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading

CryptoReception © 2021 All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.