Crypto in China

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...

The Chinese government has continued its conscious efforts to eliminate the use of cryptocurrencies in the country by constantly reminding the general public of the risks associated with them. During a media briefing on August 27th, the deputy director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China (PBoC), Yin Youping, stated that digital assets are nothing but mere investment speculations, a local news outlet reported. He warned investors to...

The blockchain data provider Chainalysis revealed that Chinese cryptocurrency accounts had sent over $2.2 billion worth of digital assets to addresses tied to criminal activities such as frauds and darknet transactions in a period of around two years. However, large-scale Ponzi schemes are less popular in China than in other countries. Cryptocurrencies Fueled Illegal Operations in China According to a research conducted by the blockchain data platform Chainalysis, Chinese...

EventHorizon 2019: 1.000 Teilnehmer aus 55 Ländern trafen sich im Kraftwerk Berlin zum Thema Bitcoin, Blockchain und Energie Wirtschaft. Die USA im Mining-Fieber – neues Zentrum für Krypto-Akteure? Nordamerika, präzise gesagt die USA und Kanada, konnten in den letzten Monaten einen rapide steigenden Anteil an der globalen Hashrate verzeichnen. Die USA steuern einen Anteil von...

One of the leading cryptocurrency exchanges, Huobi, has filed to dissolve an entity based in China. This comes as the country escalates its efforts to clamp down on the cryptocurrency industry, in general. Evident in Chinese business registration archives, the entity’s management has filed a Resolution to dissolve On July 22nd, this year. The announcement further reads that “creditors are requested to declare their claims to the liquidation team within 45 days from the...