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China Bitcoin Miners Going Offline – Is Crypto A Cheap Buy Now?
Last Updated: 24 May 2021
China bitcoin miners activities in the country are being seriously disrupted after several crypto mining firms halted their operations in the country. This latest setback for bitcoin comes as the crypto market is being dealt blow after blow, causing major turmoil that’s not been seen since the beginning of this year.
Some of the firms that ceased their operations include Huobi Mall, an affiliate of the Huobi Exchange, and BTC.TOP. The firms cited heavy regulations and scrutiny directed at Bitcoin mining and trading activities by Beijing as the main reason for closing shop.