China

Nearly 100 victims from various parts of China have reported to the Hangzhou police bureau, claiming that two young men stole nearly 7,000 bitcoin.

The first Bitcoin OTC Teller Machine in Beijing was removed shortly after its installation, completing a test run but not signaling any lasting traction for mainstream bitcoin adoption in China.

Recently, WeChat Payment has revised the “WeChat Agreement for Payment Service,” which involves the control and regulation of illegal transactions, including cryptocurrency transactions.

Profits earned from bitcoin mining have seen a clear rise since the start of April 2019 and hit a near half-a-year high on April 15, 2019.

A number of provincial governments are offering lower rates to attract bitcoin miners and Labrador’s government is considering energy incentives to attract “outstanding requests for service” from bitcoin data processors.

Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process. Since late 2018, the oil-rich Middle East country of Iran has become a hotspot for Chinese miners.

China's state planning agency has added cryptocurrency mining to a list of industries it would like to eliminate. This may have dire consequences for the country's mining hardware giant Bitmain.

Cryptomining manufacturer Bitmain has revealed the release date for its next-generation Antminer S17 series, in time for the anticipated bull run leading up to next year's bitcoin "halving."

ASIC chip manufacturer Canaan Creative is closing the gap between itself and cryptocurrency mining industry leader Bitmain after a massive infusion of capital.

On February 22, 2019, Ebang reportedly announced this plan to expand dramatically throughout the fiscal year. Currently, Ebang is the third largest manufacturer of cryptomining equipment.