Hong Kong-based decentralized cross-chain transfer protocol Mixin Network is drawing controversy over the disclosure of a $200 million hack on Sept. 25. In a…
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Reports of Mining Sector Cleanup Put Chinaâs Yunnan Province in the Spotlight
Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June.
Media: Yunnan Energy Bureau to Pull the Plug on Bitcoin Farms
The province of Yunnan is reportedly joining the crackdown on cryptocurrency mining that’s already underway in other Chinese regions. According to the South China Morning Post (SCMP), local authorities have ordered an investigation into the alleged illegal use of electrical power in bitcoin mining. On Sunday, the publication quoted a June 12 report by the China Securities Journal which is published by the Xinhua news agency.
BTCST Welcomes Top Bitcoin Mining Partners including BTC.TOP and Genesis Mining
HONG KONG, Jan 25, 2021 - (ACN Newswire) - Standard Hashrate Group (SHG), the project team behind the Bitcoin Standard Hashrate Token (BTCST), today welcomed several world-class mining institutions as partners. Joining the SHG project as tokenization miners are Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia Group, each major stakeholders in the current mining industry.
Alex Zhao, CEO of SHG, said that the partners share SHG s vision of bringing exchange-level liquidity to mining power and bridging real-world mining to the DeFi world. Their rich experience and collaborative approaches in industrial scale mining will be greatly complementary to SHG.