Bittrex Goes on the Offensive After BitLicense Rejection

Bittrex, a United States-based cryptocurrency exchange platform, has issued a response to the recent setback in its plans to expand to New York. Yesterday, the New York State Department of Financial Services (NYDFS) rejected the exchange’s BitLicense application, a requirement for offering crypto-based services to New Yorkers. NYDFS also published a letter addressed to Bittrex…

Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power

This article was originally published by 8btc and written by Lylian Teng. 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. With the rapid downfall of bitcoin prices in late 2018 and increasing electricity bills, Chinese mining…