Binance has announced a new $500 million lending facility to support struggling public and private bitcoin miners.
As CoinDesk reports Chinese publication Caixin said that the PBOC did not hold a meeting on shutting down mining activities; the meeting was supposed to be held on January 3rd and meant to focus on banning mining; the news means that the Chinese government is taking a more agnostic approach to bitcoin mining, not endorsing it but at the same time not banning it; more concrete news should surface in the coming months, for now firms like Bixin and ViaBTC will keep operating. Source.
Some of biggest bitcoin miners in China have reportedly been looking to set up operations in other Asian countries; there has been conflicting reports out of China is the last week as to what the country is doing when it comes to mining operations; the PBOC has not made official comments yet and the mining overall doesn’t look to slow down as other countries can fill the role of China. Source.