Wednesday, September 27, 2023
No Result
View All Result
Crypeto News
Smarter_way_USA
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
Crypeto News
No Result
View All Result

Filecoin Miner RRMine Global Shuts Down Market in China, Moves HQ to Singapore

by crypetonews
September 13, 2022
in Blockchain
Reading Time: 2 mins read
0 0
A A
0
Home Blockchain
Share on FacebookShare on Twitter


Decentralized storage network Filecoin miner RRMine Global announced that it will withdraw from the Chinese mainland market and close its business in mainland China, moving its headquarters to Singapore.

In the press release, the company said that due to the policy of strict restrictions on cryptocurrencies in mainland China and the divergence of its Web3.0 strategy, it decided to completely shut down mining operations in mainland China and move its headquarters to the world’s most cryptocurrency-friendly place, Singapore which is one of the open economies.

Reportedly, several executives of Renren Mine were taken away by the police from their offices in Chengdu, China for investigation last December.

Steve Tsou, Global CEO, RRMine Global

“Very much like other entrepreneurs, we want the best for our company, employees and community. The decision has been made after a profound examination and multiple discussions, and it has not been easy to come back from a downfall, especially when RRMine Global has Continuously provided services to all its users globally without fail despite all the events that happened. From today onwards, we would like to move forward and recreate the prosperous scene from China in Singapore.”

RRMine Global has been committed to solving the problem of lack of liquidity in Web3.0 and has become the world’s leading one-stop service platform for providing Filecoin.

Decentralized storage network Filecoin aims to provide users with decentralized data storage and transmission services through its miners, using its commodity hardware. Miners are also required to stake large amounts of FIL tokens to start their mining operations as part of their “initial staking collateral.”

Filecoin had an initial coin offering (ICO) in 2017 and was listed on major exchanges, including Coinbase. Shortly after FTX went public, the FIL futures contract quickly processed a volume of $150 million.

RRMine Global also announced the launch of “R-Datacap Storage” this time, which will significantly reduce operating costs, improve revenue efficiency, and promote the Filecoin incentive plan.

Image source: Shutterstock



Source link

Tags: ChinaFilecoinGlobalMarketMinerMovesRRMineShutsSingapore
Previous Post

Pressure on British Museum to ditch BP mounts following UK’s record summer heatwave

Next Post

Earn When You Buy — Receive Cashback on Crypto Purchases

Related Posts

Debunking observability myths – Part 6: Observability is about one part of your stack
Blockchain

Debunking observability myths – Part 6: Observability is about one part of your stack

September 27, 2023
Bitcoin Ordinals Creator Casey Rodarmor Expands Ecosystem with “Runes”
Blockchain

Bitcoin Ordinals Creator Casey Rodarmor Expands Ecosystem with “Runes”

September 27, 2023
Announcement – Certified Web3 Hacker (CW3H)™ Certification Launched
Blockchain

Announcement – Certified Web3 Hacker (CW3H)™ Certification Launched

September 26, 2023
Spatial computing is the next frontier in airline flight safety
Blockchain

Spatial computing is the next frontier in airline flight safety

September 26, 2023
BNB Chain and MetaMask Resolve Glitch Affecting opBNB Gas Fees
Blockchain

BNB Chain and MetaMask Resolve Glitch Affecting opBNB Gas Fees

September 25, 2023
Unleashing the power of Presto: The Uber case study
Blockchain

Unleashing the power of Presto: The Uber case study

September 25, 2023
Next Post
Earn When You Buy — Receive Cashback on Crypto Purchases

Earn When You Buy — Receive Cashback on Crypto Purchases

Will there still be Ethereum mining after the Merge? A fascinating possibility

Will there still be Ethereum mining after the Merge? A fascinating possibility

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

What is NBA Top Shot? A Beginner’s Guide
Crypto Exchanges

What is NBA Top Shot? A Beginner’s Guide

by crypetonews
September 22, 2023
0

The non-fungible token (NFT) market, once hailed as the future of art and collectibles, has seen a lot of changes...

Upcoming Optimism Unlock Threatens To Drag OP Below $1

Upcoming Optimism Unlock Threatens To Drag OP Below $1

September 26, 2023
Everipedia IQ (IQ) Price Prediction: Can IQ Approach the $0.1 Mark Soon?

Everipedia IQ (IQ) Price Prediction: Can IQ Approach the $0.1 Mark Soon?

September 21, 2023
NFT Platform ImmutableX’s IMX Token Rallies

NFT Platform ImmutableX’s IMX Token Rallies

September 21, 2023
EU’s MiCA Could Lead to Multiple Stablecoin Delistings, Binance Warns

EU’s MiCA Could Lead to Multiple Stablecoin Delistings, Binance Warns

September 21, 2023
Factors That Could Drive ADA Price As High As $12

Factors That Could Drive ADA Price As High As $12

September 25, 2023
  • Trending
  • Comments
  • Latest
Dogecoin Poised for a 150% Surge? Key Price Levels to Watch

Dogecoin Poised for a 150% Surge? Key Price Levels to Watch

September 8, 2023
ZTX Genesis Homes NFT Collection Sells Out At OpenSea On Market Debut

ZTX Genesis Homes NFT Collection Sells Out At OpenSea On Market Debut

September 7, 2023
Ralph Lauren CEO on Prices, Sustainability, and the Metaverse

Ralph Lauren CEO on Prices, Sustainability, and the Metaverse

August 17, 2023
How to Add MetaMask Authentication with Django in 5 Steps – Moralis Web3

How to Add MetaMask Authentication with Django in 5 Steps – Moralis Web3

August 29, 2022
Solana Python API – How to Use the Solana API in Python

Solana Python API – How to Use the Solana API in Python

January 24, 2023
Is BTC Price Set To Rebound After Its Sharp Decline? Analyst Marks Potential Breakout Levels For Bitcoin

Is BTC Price Set To Rebound After Its Sharp Decline? Analyst Marks Potential Breakout Levels For Bitcoin

March 3, 2023
Bitcoin Holders…Brace Yourselves for This

Bitcoin Holders…Brace Yourselves for This

45
Gareth Soloway: “Bitcoin Going to $15k.. But What Comes Next Will SHOCK You!”

Gareth Soloway: “Bitcoin Going to $15k.. But What Comes Next Will SHOCK You!”

34
[WARNING] FTX is Going to DUMP Bitcoin, Solana and Other Crypto

[WARNING] FTX is Going to DUMP Bitcoin, Solana and Other Crypto

34
I played the worst metaverse so you dont have to – Income Island, Scam or not?

I played the worst metaverse so you dont have to – Income Island, Scam or not?

43
iShowSpeed Scammer Threatens His Haters

iShowSpeed Scammer Threatens His Haters

37
Why Amazon, Google and Microsoft Laid Off Thousands Of Tech Workers

Why Amazon, Google and Microsoft Laid Off Thousands Of Tech Workers

25
Kraken Targets US Stocks and ETFs

Kraken Targets US Stocks and ETFs

September 27, 2023
Bitcoin Price (BTC) Slides Back Towards $26K as Nasdaq Falls on Rising Rates and Oil

Bitcoin Price (BTC) Slides Back Towards $26K as Nasdaq Falls on Rising Rates and Oil

September 27, 2023
How Ethereum Staking Stacks Up in the Proof-of-Stake Landscape

How Ethereum Staking Stacks Up in the Proof-of-Stake Landscape

September 27, 2023
Credibly Teams Up with Green Dot to Bring Better Banking Services to SMEs

Credibly Teams Up with Green Dot to Bring Better Banking Services to SMEs

September 27, 2023
A Gateway for Newcomers within Crypto

A Gateway for Newcomers within Crypto

September 27, 2023
North Korean Hackers Lazarus Group Holds Over $46,000,000 in Bitcoin, Ethereum and Other Crypto: On-Chain Data

North Korean Hackers Lazarus Group Holds Over $46,000,000 in Bitcoin, Ethereum and Other Crypto: On-Chain Data

September 27, 2023
Crypeto News

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Crypeto News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

LATEST UPDATES

  • Kraken Targets US Stocks and ETFs
  • Bitcoin Price (BTC) Slides Back Towards $26K as Nasdaq Falls on Rising Rates and Oil
  • How Ethereum Staking Stacks Up in the Proof-of-Stake Landscape
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In