News Snapshot:
Bitcoin Ethereum News A comment made in China’s State Council meeting about cracking down on bitcoin trading and mining activities has sent shockwaves to local bitcoin miners over the weekend. While the regulatory hammer has yet to drop officially, the suspension is already driving some bitcoin miners into panic mode. While some have started selling their coins, others are turning to overseas mining facilities. “In past 48 hours, Chinese miners already started to accelerate migrating process to other countries,” tweeted Mustafa Yilham, who leads the overseas business at Bixin, a long-time bitcoin mining firm in China. “There will also be...
