China's Sichuan Province closes crypto mines, following Xinjiang, Inner Mongolia, and Yunnan; an estimated 90% of China's mining capacity has now been shut down
reiterating 2017 banking ban Arjun Kharpal / CNBC : China's renewed crypto crackdown wipes $400 billion off the market as bitcoin slides Sean Murray / thegamer.com : Bitcoin Crackdown In China Leads To Cheaper Video Card Prices CryptoGlobe : Bitcoin Drops 10% After China Moves Forward With Crypto Crackdown Samuel Wan / CryptoSlate : Could Paraguay emerge as a Bitcoin mining hub after China crackdown? Tgd Buzz / TGDaily : China wants banks to stop supporting cryptocurrencies Brian Ashcraft / Kotaku : Bitcoin Crackdown Leads To Cheaper Graphics Cards In China Sam Grant / Coin Journal : CNBC's Cramer confirms he dumped almost all of his Bitcoins Zinnia Lee / Forbes : China's Central Bank Tells Alipay And Banks To Crackdown On Cryptocurrencies Adrian Potoroaca / TechSpot : GPU prices see sharp drop in China after Sichuan authorities shut down cryptomining operations Reuters : Bitcoin recoups some losses in Asia after plunging on Chinese crackdown John Kiguru / Crypto News Flash : Facebook's David Marcus explains why the China crackdown is a great development for Bitcoin Ephrat Livni / New York Times : Bitcoin tumbles below $30,000 for the first time since January. Jonathan Keane / Silicon Republic : Bitcoin dips after China intensifies crypto crackdown Kevin Helms / Bitcoin News : Facebook's David Marcus: China's Bitcoin Mining Crackdown ‘Great Development’ for BTC Zhiye Liu / Tom's Hardware : Clampdown On Crypto Mining Cuts China's GPU Prices Nearly 45 Percent Vildana Hajric / Bloomberg : Bitcoin Forms ‘Death Cross’ as Selloff Shows No Sign of Reprieve Harry Robertson / Insider : Bitcoin tumbles 8% after China steps up crackdown on crypto mining, shutting down 26 key sites in Sichuan Molly Taft / Gizmodo : City Sinking Into Sea Welcomes Bitcoin Miners Andrew Paul / Input : Crypto markets nosedive after China bans all mining in Sichuan province Sam Reynolds / Blockworks : North America Bitcoin Trading Week Opens to Tumbling Price on China News Jonathan Bolding / PC Gamer : Chinese market GPU prices drop amid crypto crackdown France 24 : China broadens crackdown on crypto mining industry Wayne Jones / BTCMANAGER : China's AgBank Vows to Crack Down on Cryptocurrency Transactions Ryan Browne / CNBC : China's central bank urges Alipay and banks to crack down on crypto speculation Thomas M. / BTC Times : China's Central Bank Orders Banks, AliPay to Cut Off Bitcoin-Linked Transactions Matt Novak / Gizmodo : Bitcoin Plunges as China's Sichuan Province Pulls Plug on Crypto Mining Namcios / Bitcoin Magazine : People's Bank Of China Intensifies Bitcoin Ban With Financial Institution Meeting Ryan Browne / NBC News : Bitcoin sinks to two-week low as China intensifies crypto mining crackdown Darren Allan / TechRadar : China crypto-mining crackdown could give you a better chance of getting a new RTX 3080 Tweets: David Marcus / @davidmarcus : How is more #Bitcoin mining power moving to the 🇺🇸 and the West a bad thing? IMO China cracking down on mining is a great development for BTC. Eunice Yoon / @onlyyoontv : #China logistics firm in Guangzhou confirms to @CNBC it's airlifting 3,000kg (6,600lbs) #bitcoin mining machines to Maryland, USA. Fenghua International advertises products delivered to door, tax on both ends cleared. Price per kilo: as low as $9.37! #cryptocurrencies https://twitter.com/... Frank Giustra / @frank_giustra : One by one, they all eventually come to the same conclusion-Cramer ‘sold almost all’ of his #Bitcoin , fears China is over crypto. https://www.cnbc.com/... Alex Gladstein / @gladstein : Imagine ditching freedom money just because a Communist regime is strongly resisting it. No, Jim, that's what it's for! Being a pain in the neck for authoritarians everywhere. https://twitter.com/... @arrington : You can be very stupid and still make it in America. https://twitter.com/... Nathaniel Popper / @nathanielpopper : This is the third Bitcoin/crypto bull market in a row that has been brought to an end in large part due to a clamp down by the Chinese govt. (late '13, late '17, now) Roger Chang / @jollyroger : “Bitcoin crackdown sends graphics cards prices plummeting in China after Sichuan terminated mining operations.” Maybe I might be able to score a new GPU this year. https://www.cnbc.com/... @rizzn : As many other have said, this is a good thing for the bitcoin ecosystem (as it reduces dependence from mining on a single country with a somewhat hostile-to-freedom culture). https://www.techmeme.com/...