Crypto in China

The market suddenly turned red today following what seems to be another wave of regulatory efforts to crack down on cryptocurrencies in China. This left over $400 million liquidated in less than a day. As CryptoPotato reported, China continues with its efforts to further crack down on the entire cryptocurrency market. The country’s national bank issued a statement outlining that digital assets are banned, adding that operating with exchanges will also be prohibited. While a...

The People’s Bank of China (PBoC) published a document reminding that digital assets are banned within the country and added that operating with exchanges will also be prohibited. As a result, BTC dumped by $3,000 in an hour. China’s negative stance on the cryptocurrency space has been wildly known for years, and the nation tends to frequently remind investors about it. The central bank highlighted the illegal status of digital assets once more on Friday. The statement also...

The bitcoin price is suffering today after the Evergrande Group in China took a hard fall. As the nation’s second largest property developer, the firm has too much debt – more than $310 billion – and is struggling to pay it back. The situation is causing many assets to experience nasty drops, bitcoin being one of them. Evergrande Is Leading to a Drop in Crypto Prices At the time of writing, bitcoin has fallen to roughly $44,000 per unit. Over the weekend, the asset was...

CNBC’s Jim Cramer opined that the Evergrande debt crisis in China could keep causing severe disruption in financial fields, including the cryptocurrency market. He also advised people sitting on unrealized gains from their investments to take “something off the table” before losing it. ‘Don’t Let It Become a Loss’ The American TV personality Jim Cramer shared his stance on the recent crypto decline and the ongoing crisis with one of China’s leading real estate companies –...

The financial world is watching Evergrande and what’s going on in China closely, as this has been undoubtedly the headliner for the past couple of weeks. Today, global markets tumbled as Evergrande stock price lost another 10%, sending Bitcoin well into the red with a decrease of around 8% in the past 24 hours alone. But is the pain over? Evergrande – Chinese Real Estate Behemoth Sags Evergrande managed to become one of the leading companies in China when it comes to real...

It looks like China is still not done clamping down on the crypto mining space. Another region known as the Hebei province has agreed to comply with Beijing’s ruling that all crypto mining should be omitted from China’s workforce. The province is now claiming that the practice is illegal and must end within its borders no later than September 30. China Is Still Kicking Miners Out China shocked the world not too long ago when it decided that all crypto mining should...

Ethereum’s hashrate has recently reached a new all-time high (ATH) as miners have resumed operations despite the hostile approach undertaken by Chinese authorities earlier this year. China Clampdown Disrupts Ethereum’s Rally Recall that Ethereum’s hashrate had hit a peak of 632.8 TH/s on May 19, 2021, following increased activities on the network just after ETH hit an ATH above $4,300. However, the hashrate started to suffer after the Chinese authorities launched a full...

Marc Ruberg, einer der bekanntesten White Hacker, gibt in seinem neuen Buch „Cyber War – Die digitale Bedrohung“ Einblick in die Hackerszene, wie sie nur ein Insider veröffentlichen kann. Marc Ruberg ist Verantwortlicher für das Hochschulnetz des Landes Baden-Württemberg, stimmberechtigtes Mitglied im berühmt-berüchtigten Chaos Computer Club (CCC) und aktives Mitglied im Diplomatic Council, einem globalen Think Tank mit Beraterstatus bei den Vereinten Nationen (UNO). Der...

Goldbarren Foto CC0 Public Domain Der ein oder andere Anleger bezieht sich auf das so genannte „Papier-Gold“, wenn er eigentlich Gold-Derivate meint. Diese stehen im starken Kontrast zu hartem Gold, also Gold, das physikalisch vorhanden ist. Dazu zählen Barren, Münzen und Schmuck. Die Finanzwirtschaft hat sich auch hier eine alternative Lösung einfallen lassen und bietet Produkte im Zusammenhang mit Gold in Form von Derivaten an. In der...

Cryptocurrency miners from China are now beginning to set up shop in neighboring countries such as Russia and Kazakhstan. As a result, they are coming back online to extract new bitcoin units, and they are again presenting serious competition to miners in the United States and other bitcoin havens. Miners in China Are Setting Up Shop Elsewhere Not long ago, Beijing ruled that all mining in China was to be banned, claiming that the hazards of bitcoin mining were simply...