$109,466.00
0.82%$2,763.27
7.04%$2.30
-0.00%$667.28
1.00%$164.17
4.95%$0.999764
-0.00%$0.194521
3.78%$0.292294
2.05%$0.708873
3.63%$2,764.17
7.21%$109,262.00
0.73%$40.90
8.07%$3,321.13
6.81%$3.45
2.44%$15.23
8.39%$22.24
3.99%$0.278415
3.18%$435.05
2.87%$3.31
0.30%$8.80
-4.70%$0.00001318
3.86%$0.180905
3.34%$2,763.88
7.02%$0.999634
0.00%$2,949.66
6.81%$91.62
3.38%$4.29
5.20%$335.82
3.40%$0.999384
-0.15%$1.00
-0.08%$4.80
2.26%$0.00001285
6.40%$8.30
25.50%$109,454.00
0.80%$0.642766
1.86%$305.35
14.17%$31.42
-0.53%$421.02
2.02%$1.18
0.08%$6.11
3.52%$2.63
6.00%$5.07
4.80%$53.15
0.76%$0.101166
1.71%$197.50
4.47%$1.00
0.00%$0.888692
4.80%$18.24
5.65%$1.055
-0.01%$30.92
2.20%$0.09002
2.91%$0.675495
3.58%$18.34
0.18%$0.02579951
4.95%$0.998546
-0.30%$10.87
2.14%$0.357153
8.70%$4.13
3.67%$0.810911
4.10%$4.58
4.43%$0.225424
5.77%$0.403655
13.70%$4.45
0.96%$0.089097
15.89%$1.16
3.39%$2.72
7.38%$122.39
1.59%$0.206055
6.18%$2,760.64
6.99%$4.59
2.30%$1.004
0.50%$1.59
15.75%$2.19
7.22%$1.00
0.01%$1.00
-0.01%$0.488022
3.78%$11.36
1.13%$173.44
4.73%$0.00001765
6.03%$13.96
2.52%$2.07
6.84%$1.31
11.76%$3,142.42
6.91%$0.400721
3.54%$2,891.61
7.21%$1.25
0.84%$0.0184549
0.84%$0.716422
13.98%$108,809.00
0.52%$4.12
2.05%$0.204734
6.28%$0.71028
5.26%$0.066233
8.37%$1.00
-0.01%$2,946.85
7.16%$0.553956
6.34%$1.018
8.46%$0.998837
-0.14%$108,357.00
0.14%$0.999372
-0.03%$2,895.67
7.09%$0.724638
7.54%$0.100503
6.11%$0.596215
3.33%$2,906.17
7.04%$0.00009355
8.86%$109,412.00
0.84%$666.96
0.91%$0.954122
13.52%$109,831.00
1.32%$182.37
4.64%$52.11
4.95%$0.822229
5.08%$2.55
6.09%$3,324.96
-0.50%$0.138988
7.21%$3,338.01
-0.50%$0.01775982
5.86%$212.45
4.61%$23.14
9.63%$0.01547383
6.03%$0.194824
4.50%$0.129037
6.63%$0.298052
5.77%$0.537094
3.35%$0.01148979
7.52%$4.40
5.08%$2.11
11.48%$2.45
2.06%$0.00000072
1.58%$1.10
-0.02%$111.37
0.02%$34.39
2.03%$0.999658
-0.04%$0.660901
3.43%$0.615735
6.24%$0.394932
6.57%$0.997746
0.04%$2.01
-0.12%$108,932.00
1.03%$2,762.52
7.04%$1.74
2.60%$0.232793
1.80%$40.82
8.04%$2.05
-0.08%$1.098
0.49%$0.7345
2.97%$0.05944
12.77%$2,764.29
7.01%$2,888.79
7.76%$0.999818
0.03%$2,950.37
7.24%$0.299706
4.96%$60.76
29.75%$3.00
0.13%$2,988.08
7.17%$1.35
-1.20%$9.27
4.62%$109,274.00
0.67%$0.44301
22.20%$0.01526117
0.49%$109,168.00
1.05%$0.511071
-9.84%$2,764.23
7.05%$0.475982
15.37%$0.536277
62.33%$0.19415
3.58%$0.999421
0.08%$0.594046
11.32%$1.60
5.34%$0.146071
6.97%$0.451465
0.22%$7.21
8.89%$0.00467899
2.56%$0.591029
8.26%$16.00
4.12%$0.0000227
3.66%$6.37
3.24%$40.94
8.68%$0.04932365
1.02%$1.56
7.06%$1.34
8.84%$0.086242
2.69%$0.061397
-0.95%$2,751.22
6.67%$1.00
-0.04%$0.59713
3.17%$0.00751644
7.61%$105,709.00
1.26%$0.999793
-0.00%$0.0000011
9.62%$0.167622
8.23%$0.00000043
2.05%$1.77
1.66%$2.62
5.96%$0.165835
7.73%$2,933.43
7.08%$1.098
0.84%$1.00
0.18%$36.45
-1.04%$0.0043201
2.32%$0.404023
3.16%$0.999827
0.01%$1.43
9.56%$0.04004165
3.95%$0.01988866
2.30%$3,042.95
7.00%$0.576869
3.97%$1.003
0.14%$0.370874
1.02%$3,016.47
7.04%$2,763.99
7.07%$0.078208
4.83%$0.00684661
4.75%$109,340.00
0.92%$109,100.00
0.86%$0.835305
4.46%$0.03504575
2.94%$22.19
3.70%$178.77
5.15%$0.0040419
1.95%$128.94
6.78%$0.00006206
3.16%$0.224999
5.48%$8.12
5.23%$2,753.68
7.24%$0.730229
4.72%$20.00
1.81%$0.00398272
-9.31%$0.696109
3.82%$0.999198
-0.04%$0.999748
-0.06%$0.00450213
4.80%$0.223044
6.36%$0.125389
3.54%$2.54
4.96%$0.00343758
4.88%$0.308907
2.71%$0.501627
4.80%$0.00000146
0.80%$26.86
3.83%$0.291807
6.08%$1.00
0.05%$17.41
4.95%$109,670.00
1.09%$0.01873434
8.70%$1.009
0.76%$22.73
3.86%Reading
Anhui is the sixth province in China to “clean up” Bitcoin mining, according to local reports.
Similar language was used last month when Ya’an, a major city in the Sichuan province, also banned Bitcoin mining. Anhui has, however, cited power shortages as the key factor behind the latest prohibition.
Cryptocurrency mining refers to the energy-intensive process through which specialized computers earn crypto for verifying transactions on a blockchain network.
Iran also banned Bitcoin mining in May as the country battled rolling summer blackouts accentuated by power shortages. This ban will be lifted in September. The same cannot be said for the crackdown in Anhui, however.
This ban in Anhui will likely be permanent, given a sweeping government announcement made in May. At that time, China’s State Council included Bitcoin mining among a laundry list of financial risks that it intended to monitor closely. The mandate sparked a string of mining bans in many other provinces, including Inner Mongolia, Xinjiang, Qinghai, Yunnan, and the city of Ya’an in Sichuan.
Many of the provinces had long been hotspots for Bitcoin mining due to their abundance of energy, be it hydroelectric or fossil-fueled.
There is a slight difference between the Anhui ban and those of the five other provinces.
Reports of the initial bans revolved around maintaining China’s image as an environmentally friendly country. Bitcoin mining, notorious for its large carbon footprint— specifically in coal-rich provinces like Inner Mongolia—clashes with this image.
For hundreds of years preceding the early 20th century, China’s emperors banned international trade and cloistered the country from the rest of the world. The so-called “closed-door” policy (闭关锁国) was partly a response to the Opium Wars with the British, who had been ruthlessly peddling the drug throughout the previous century and had addicted as many as 12 million people in the country. Though crypto is hardly as addictive as opium, the current regime in China appears to be treating it with...
Instead, Anhui is cracking down on the activity due to power shortages. This reason was far less prominent in the previous bans in other provinces.
What’s more, the Anhui ban appears to be brought about by a notice from the State Grid Corporation of China, according to Chinese journalist Colin Wu. The State Grid is China’s national electricity provider, and one of the largest in the world at that.
The State Grid Corporation of China has issued a notice to all parts of the country requesting the closure of virtual currency mining. At present, some provinces with insufficient power in China, such as Henan and Anhui, have also begun to implement it. pic.twitter.com/kgDY1msDQ5
— Wu Blockchain (@WuBlockchain) July 14, 2021
According to Wu, the State Grid has joined the State Council in “requesting the closure of virtual currency mining” throughout the country.
He added that after Anhui, the provinces of Henan and Gansu will also be banning mining.
Franklin Templeton Digital Assets said on Tuesday that it’s rolling out a new feature for its Benji platform that aims to improve upon existing standards for calculating and distributing yield via blockchain. The patent-pending feature, dubbed “intraday yield,” will track investors’ holdings of tokenized securities down to the second, allowing them to earn yield on assets that are held for only part of a given day, the 78-year-old bank said in a statement on Tuesday. This yield is calculated and...
KULR Technology Group is aiming to raise $300 million to bolster its Bitcoin treasury, the firm revealed Monday in a filing with U.S. federal regulators—the latest sign a growing number of public and private companies are embracing the world’s oldest cryptocurrency. California-based KULR, which has pivoted to become a self-described "Bitcoin-First" company, plans to raise $300 million by selling its common stock shares in an at-the-market offering, with assistance from Cantor Fitzgerald. It will...
The Blockchain Group is raising €300 ($342 million) to add Bitcoin to its BTC holding, according to its statement on Monday—a move that aligns the Paris-based Bitcoin Treasury with a growing number of public companies emulating software firm Strategy’s Bitcoin-based playbook. The company intends to raise the funds through an “at-the-market”-type offering, in partnership with French asset manager TOBAM. Under the offering, TOBAM will acquire shares directly from The Blockchain Group on a daily b...
