The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Regulators in China are weighing a ban on bitcoin mining Cryptocurrency mining has become the latest target for the Chinese government.
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Daily Crunch: China considers Bitcoin mining ban Apr 09, 2019 Anthony Ha The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to.
China may ban bitcoin and other cryptocurrency mining. The country, which is home to the world’s largest cryptocurrency mining farms, may put a stop to the practice. Authorities are concerned.
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· The Bezzle: “bitcoin dealer seeks credit protection; dead owner had sole access to $250M” [Times-Colonist]. This is the original story. “Canada’s largest cryptocurrency exchange, QuadrigaCX, has filed for credit protection in Nova Scotia, just the latest in a series of bizarre turns for the Vancouver-based Bitcoin dealer.
Canaan, China’s second-biggest maker of hardware used by miners, is considering an initial public offering after it cancelled plans for a listing in Hong Kong, Bloomberg reported.
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· The co-founder of Bitmain Technologies Ltd., Wu Jihan has garnered a team of former employees of the mining firm in order to launch a new cryptocurrency financial services startup, hoping to capitalise on Bitcoin’s resurgence.
· A curveball on the regulatory front from South Korea has blown Bitcoin back down, with BTC – the Big Daddy of cryptocurrencies – slumping as much as 14% yesterday to around $13,500 before paring.
ProSe wins Against BOA!!! But Moynihan has reversed course, agreeing to pay $8.5 billion to settle a major case filed against Bank of America. The decision ends one the bank’s most high profile legal battles.
Bitcoin Mining hardware manufacturers Bitmain recorded a financial loss of about $500 million in the third quarter of 2018, according to crypto new outlet.
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· PEOPLE DON’T SEE THIS COMING! – 90% INCREASE FOR ALTCOINS! -CHINA STARTS TO BAN BITCOIN MINING! – Duration: 16:00. CryptoRevolution 9,485 views
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