The Chinese bitcoin mining pool ViaBTC is beginning the procedure of closing its cloud mining contracts.
The ViaBTC mining pool posted information on its website about the cessation of cloud mining activities and asked its users to complete transactions as quickly as possible. The company assured its customers that the closure of contracts will not affect payments, which will be distributed to wallets at 00:00 the next day.
The developers explain their decision to close mining contracts from January 10 with the desire to protect the interests of investors from possible speculation.
Since November 2016, ViaBTC has been working fruitfully in the field of cloud mining, which allowed users to enter into contracts for the use of ViaBTC hashing power. But, today, the company’s management is considering an exchange format; we previously reported on the development of a new cryptocurrency exchange from ViaBTC.
Whether there is a connection between the change in the activities of ViaBTC, from the mining pool towards the cryptocurrency exchange, and the current activities of Chinese regulators is not known.
According to www.coindesk.com
You May Also Like
Binance will allow institutional traders to have additional accounts
The new service will allow several companies to create additional accounts within one organization with a main account that will control all other accounts associated with it.
Bitfinex tripled the minimum fee for fiat withdrawals
Bitfinex, the fifth crypto platform in the CoinMarketCap ranking, without announcing changes, increased the minimum fee for withdrawing fiat funds from $20 to $60.
