News Snapshot:
Some bitcoin miners in the Chinese province of Xinjiang have been ordered to cease operations as the country cracks down on crypto mining. The local government of Changji in Xinjiang told miners at the Zhundong Economic Technological Development Park to stop their mining activities, according to a notice "seen and verified" by The Block. Subordinate government officials in Zhundong were instructed to end all mining activities under their control by 06:00 UTC June 9. The park covers 15,500 square kilometers and houses coal power plants as well as some of the largest crypto-mining facilities in China owing the high availability...
