News Snapshot:
© Reuters. Chinese province Xinjiang cracks down on Bitcoin mining activities China’s Xinjiang province has ordered some miners to shut down their operations with immediate effect. On June 9, the Reform and Development Commission in the Changji Hui Autonomous Prefecture issued notices to authorities in the Zhundong Economic-Technological Development Park, ordering them to shut down all crypto mining operations by 2:00 pm (China time) on Wednesday. Due to its high capacity of fossil fuel energy, the 15,500 square km park houses some of the largest Bitcoin mining facilities in the country. However, following comments by China’s Financial Stability and Development...
