Northern Data to obtain 33K ASIC miners through Bitfield acquisition

Blockchain and high performance computing firm Northern Data has announced it will acquire Bitcoin miner Bitfield.
According to a Sept. 27 press release, all major shareholders signed a binding purchase agreement for the entire Bitfield enterprise to be sold at a value of roughly $460 million.

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Huobi outlines plan for Chinese investors after halting crypto trading

The uncertainties sparked by China’s blanket ban on crypto trading have taken a downturn as homegrown crypto exchanges such as Houbi take proactive measures to protect and return existing investments residing on the mainland.

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Chinese regulators unite forces to crack down on crypto

The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.
The People’s Bank of China (PBoC) officially announced on Sept.

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Bitcoin mining difficulty surges 31% since July

As the Bitcoin network hash rate continues to recover amid global miners accumulating more capacity, the cryptocurrency is getting increasingly difficult to mine.
On Tuesday, the Bitcoin network posted another mining difficulty adjustment, rising 3.

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