Crypto in China

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...

Bitcoin is in a very dark place at the time of writing. After trading for a new all-time high of $64,000 per unit in mid-April of this year, the currency has once again (for the second time in the past few months) dropped below the $30,000 range and is now trading for just over $29,000. This means that in just three months alone, the world’s number one digital currency by market cap has lost more than $35,000 off its price and more than 50 percent from its value. Bitcoin...

China has pretty much gotten rid of all bitcoin miners. It has steamrolled through all the operations stationed within its borders and the industry is virtually dead in the nation. China and Its Negative Attitude Towards Crypto At first glance, it seems like bitcoin would have steadied by now, though it appears the currency is sliding even further. The asset is trading for about $30,000 even – less than half of what it was in April. Yet, despite how much bitcoin is...

With China suddenly exiting the bitcoin mining space, it looks like many other companies in regions such as Canada are beginning to take over. China Is Saying “Good Bye” to BTC Mining China has been adamant about ending its bitcoin mining presence over the past few weeks. Beijing recently issued a notice to all mining companies that to become a greener nation, all crypto extraction projects would no longer be allowed within the country’s borders. Thus, if they wished to...