bitcoin - Adrian Hetman

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A collection of 10 posts

Why does China Central Bank fears Stablecoin?

Why does China Central Bank fears Stablecoin?

It was bound to happen. After Bitcoin Mining Ban [https://www.adrianhetman.com/chinas-crackdown-on-cryptocurrencies-continues/] and general crackdown of cryptocurrencies in China, The People’s Bank of China has expressed concern over the risk of Stablecoins. Bank of China states that Bitcoin and Stablecoins have become speculative tools that threaten financial

Bitcoin Hashrate dropped 17% due to China’s crackdown on crypto

Bitcoin Hashrate dropped 17% due to China’s crackdown on crypto

On June 18th, Sichuan officially issued a document requesting power generation companies are required to immediately stop supplying power to any virtual currency mining and report the relevant situation on the 25th. We are starting to see the effects of this decision as the amount of mining power backing Bitcoin

China's crackdown on cryptocurrencies continues

China's crackdown on cryptocurrencies continues

With the recent ban of many cryptocurrency accounts on Weibo and the increasing crackdown on bitcoin mining, new restrictive policies are being enforced. Along with crypto trading, China's carbon neutrality goal has raised concerns once again this month. With China celebrating the 100th birthday of CCP, cryptocurrencies became an important

Unboxing 51% attack

Unboxing 51% attack

Every Proof of Work based Blockchain can be susceptible to what is known as a 51% attack. There are some misunderstandings as to what can be done with such an attack. Before explaining what it is exactly, let's first understand mining in PoW. The decentralization of a blockchain ecosystem comes

Volcanic Bitcoin

bitcoin Featured

Volcanic Bitcoin

In my previous post [https://www.adrianhetman.com/el-salvadors-bitcoin-choice/], I said what could be next for Bitcoin adoption in El Salvador. I said we could expect the usage of geothermal capabilities for Bitcoin Mining. We didn’t have to wait too long for this to become reality. Less than a

El Salvador's Bitcoin choice

El Salvador's Bitcoin choice

President Nayib Bukele announced El Salvador will make Bitcoin a legal tender in his country during the Bitcoin Miami conference. That was huge news of the whole conference and made a lot of headlines. In an early Wednesday vote (today), a supermajority of the nation’s legislature (out of 84)

Bitcoin was not hacked…how FBI got access to the funds of the ransom?

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Bitcoin was not hacked…how FBI got access to the funds of the ransom?

Today headlines are on one side something extraordinary, but on the other caused some FUD in the crypto community, believing bitcoin was hacked. I'm talking about the recovery of $2.3M worth of Bitcoin by the FBI from the ransomware group that hacked the Colonial Pipeline company and extorted 75BTC

Does China prepares the ground for Digital Yuan with the latest bloodshed on crypto?

Does China prepares the ground for Digital Yuan with the latest bloodshed on crypto?

On May 21st, 2021, the Chinese Government announced it would "crackdown on bitcoin mining and trading behavior and resolutely prevent the transfer of individual risks to the society.". We already saw fall-down of this decision in the form of Bitcoin Mining Pools selling their hardware global BTC mining difficulty dropping

How is Bitcoin's mining doing amidst new regulations from China?

How is Bitcoin's mining doing amidst new regulations from China?

We’re starting to see the decrease in the mining difficulty as the result of the Chinese ban on Bitcoin’s mining [https://www.adrianhetman.com/bitcoin-mining-ban-from-china/]. On May 21st, 2021, the Chinese Government announced it will “crackdown on bitcoin mining and trading behavior and resolutely prevent the transfer of

Bitcoin mining ban from China

Bitcoin mining ban from China

The Crypto market doesn’t have an easy time recently with its bear market. On the one hand, regulators from the USA are trying to tax cryptocurrency transfers [https://www.ft.com/content/09112208-08ce-40a1-8e50-9152f1ba03d9], Elon Musk’s tweets [https://cointelegraph.com/news/after-market-wide-meltdown-elon-musk-voices-tepid-support-for-crypto] as always moves the market, this time