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Eastern China Police Bursts Local Bitcoin Mining Farms

Based on a recent report eastern China’s police has burst a bitcoin mining operation after an increase in the usage of electricity within the locality. During the arrest, the authorities seized 4000 “mining devices” and claimed that the mining farm wrongly used electricity worth 20 million yuan ($3 million)- according …

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Wells Fargo Won’t Allow Customers To Buy Bitcoin

Wells Fargo, a huge traditional bank founded in 1852 to provide banking services, and mail delivery through the Pony Express, has recently come out stating that it does not allow its customers to purchase Bitcoin with their own funds. Wells Fargo ‘Does Not Allow Transactions Involving Cryptocurrency.’ Wells Fargo’s decision …

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