The Bitcoin mining farms in Xinjiang have all been shut down.
As a result, Bitcoin's hash rate has dropped to 836.75 EH/s in the last two days, down 30% from the previous day's 1200 EH/s.
It is rumored that recently mining in Xinjiang has been cracked down again, with over 200,000 machines confiscated.
After the new round of crypto crackdowns by 13 domestic ministries, the mining machines were confiscated, and the mined coins flooded the market. I wonder how the market has dropped so badly this month. This time, it is completely finished.
Good night, good night💤 Today I am fighting against single $ETH Forget it, I won't be a good trader Strive to be a beautiful player in the crypto world✌️ #ETH走势分析
#BinanceBlockchainWeek #TrumpTariffs Most of my crypto friends and Binance Square followers asking me which to 10 coins in your favourites. here is my top 10 coins list ( BTC $BNB ETH $XRP $SOL ASTER ADA ALGO ALICE HOME ) many of them I are in my holding list, so if you are planning to buy any of them you can search fist check the experts watch the market analysis when you are satisfied then go for it. #BinanceAlphaAlert #WriteToEarnUpgrade #CPIWatch
The Hero Chain (HEC) was a fraudulent gaming blockchain project that erupted in 2018, with involved amounts exceeding 300 million yuan.
The project party falsely claimed to be an online gaming and entertainment project in Cambodia, forged a Cambodian license, and even fabricated endorsements from political and business bigwigs, falsely promising that HEC could be used to purchase real estate in Cambodia and used as collateral for Macau gambling.
On January 15, 2018, HEC was launched on trading platforms, but it immediately plummeted, with the coin price crashing nearly to zero. Nevertheless, the project party continued to deceive investors, claiming the coin price would skyrocket a hundredfold in the short term, leading many to invest more after being misled.
In October 2018, the project party shut down its official website, expelled investors seeking rights protection from the community, and disbanded the official WeChat group, with the person in charge completely disappearing. Investigations revealed that the project raised nearly 40,000 Ethereum in just two months, with most of the raised funds split among the team and their agents.
Subsequently, the police arrested 15 suspects and froze over 20 million yuan of involved funds. This case became a typical example of blockchain fraud in the country at that time, with many main offenders being approved for arrest, and related agents were also held accountable for their complicity in the crime.
📉 Today in the cryptocurrency market, it’s not a pullback, it’s 'emotional cleansing' 🎯🎯 • The entire market is in the green • Over 110,000 people liquidated • Bulls are being educated, and bears dare not laugh
But remember one thing👇 A bull market doesn’t die in a downturn, it dies in despair.
Before every major market trend starts: ✔️ First panic ✔️ Then doubt ✔️ Finally, a surge
Where are you at in this process? 🔁 Forward this to friends still caught up in emotions ❤️ Like this for those who are still clear-minded