Recent crypto chaos proof that Beijing’s ban on cryptocurrency trading was justified, says Chinese state-run newspaper The Economic Daily

The number of coins miners are transferring to exchanges has climbed steadily from June 7, researchers said, in a sign that 'miners are increasingly liquidating their coins on exchanges'

Energy consumption on the bitcoin blockchain network has declined by up to 35% amid a meltdown in the value of the cryptocurrency, Mint reported, citing trackers of crypto energy usage

The Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.

While the US accounts for more than a third of all bitcoin mining - as measured by power consumption - China has taken the second spot, with 21.11% of the total

The Central Asian state would also exempt all crypto operations by domestic and foreign companies from income tax, according to a presidential decree

NDRC spokeswoman says state-owned units involved in crypto "mining" using residential electricity price structures would be punished

Officers use steamroller to destroy 1,000 machines worth $1.25m in a car park; Energy-hungry computers stole $2m of electricity to ‘mine’ coins 

The issue with Bitcoin mining As the world is becoming increasingly aware, Bitcoin is struggling with an energy efficiency crisis....

(ATF) Tesla has suspended the use of bitcoin to purchase its vehicles, Elon Musk said on Wednesday, citing...

(ATF) China’s burgeoning cryptocurrency sector has taken a double blow this week as a leading short-seller called one...

(ATF) Virtual currency mining may completely move away from Inner Mongolia, as China clamps down on bitcoin miners...