Share this article
Corrected: Yunnan Province Did Not Order Crypto Miners to Shut Down
The source for the original report appears to have been a counterfeit.
Updated Sep 14, 2021, 1:10 p.m. Published Jun 11, 2021, 2:14 p.m.
CORRECTION (June 11, 2021, 18:15 UTC): This article originally stated that Yunnan province ordered crypto miners to be shut down. The source for this claim appears to have been a counterfeit. Read more. The original article appears below.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The Chinese province of Yunnan is getting set to ban cryptocurrency mining, becoming the latest one to do so, according to Forkast News, citing BTC.top, one of China's top mining pools.
- The coming ban follows similar actions in Qinghai, Xinjiang and Inner Mongolia.
- BTC.top said it would need to accelerate shifting operations to North America as well as to the hydropower-rich province of Sichuan, Forkast said in the report.
- The bans are in response to the central government’s concerns about high energy-consuming industries and environmental pollution as well as the State Council’s directive to maintain financial stability by cracking down on crypto mining and trading.
Read more: China’s Qinghai Province Has Ordered All Crypto Miners to Shut Down
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin gets 'base case' price target of $143,000 at Citigroup
The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
What to know:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.
Top Stories
