View full page at cryptocraft.com

 

China Crypto Miners Plot Their Next Moves to Evade Crackdown

From bnnbloomberg.ca

The title of the forum was arcane even by cryptocurrency standards: Web 3.0 Blockchain Application Cum Computing Power Overseas and Distributed Storage Conference. But attendees of the event in Chengdu, China, were clear about why they turned up in the middle of a government crackdown on Bitcoin mining. They’re looking for ways to stay in crypto, even if it means testing their luck in lesser-known parts of the ecosystem that may or may not incur the wrath of Beijing. While plenty of miners have fled China, these crypto diehards are betting they can continue to thrive under Communist Party oversight by shifting into ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis