China’s Crypto Crackdown Sparks A Mining Exodus ...Middle East

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China’s Crypto Crackdown Sparks A Mining Exodus
The cryptocurrency industry in China was further hit today as Anhui province said it would close all crypto mining operations due to energy consumption concerns. The province in east China will shut down the energy-intensive projects as part of a package of changes to address a power supply shortage. Cryptocurrency prices continued to drop overnight, with Bitcoin down just over 4 percent, Ethereum down 6 percent and XRP down 5 percent. The news was reported by hf365.com, a media group affiliated with the government of Hefei, Anhui’s capital.…

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