cryptocurrency - Adrian Hetman

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cryptocurrency

A collection of 14 posts

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

Volcanic Bitcoin

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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

Why focusing on price is giving a completely wrong overview of the blockchain protocols?

Why focusing on price is giving a completely wrong overview of the blockchain protocols?

Since my early days as a smart contract developer, I was fascinated why people are more focused on the token price than what the token actually offers? The answer is quite simple: people want to get rich, and when they put their savings into the project or cryptocurrency, they want

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

Will Digital Yuan replace U.S. Dollar?

Will Digital Yuan replace U.S. Dollar?

Since Bitcoin's white paper release in 2008, people’s minds were lighted up by a prospect of a digital currency, truly decentralized and free of the Government. For the governments, that meant the complete opposite. They didn’t think it would be a real threat to them. They ignored it,

Introduction to CBDC

Introduction to CBDC

Central bank digital currencies or CBDC are a new hot topic in old financial institutions and across different countries. CBDCs, as the name suggests, is a digital currency controlled by a central entity, a nation state’s existing financial institutions, like a national bank. Instead of paper banknotes, a bank

Stablecoins. The future we were promised

Stablecoins. The future we were promised

A Stablecoins is a cryptocurrency linked to a physical or digital asset or other fiat currencies, like US dollar, gold, or another cryptocurrency. Stablecoins come with all the benefits of standard cryptocurrencies. They allow us to send money directly and instantaneously to other people on the planet, whether it is

Intro to DeFi

This won’t be a long post as I don’t want to reinvent the wheel and re-tell the same story as many people have told it much better than I even could. I will do a really brief introduction to DeFi for those who don’t know what it

Why hackers can steal from DeFi?

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Why hackers can steal from DeFi?

DeFi, at the time of writing of this article, has over $65 billion dollars in Total Locker Value (TLV) according to DeFi Pulse [https://defipulse.com]. More than $230M were lost to hackers and scams in 2020 alone. This year's number is only increasing, and we already saw multi-million hacks

You won't hear about this on the TV

You won't hear about this on the TV

Imagine a scenario where a hacker successfully steals money or stocks from some financial institution or maybe from hacking credit cards. A hacker stole $1.5 million in the total value of money. A scenario like this would potentially end up discussed on TV or some major media outlets. Imagine

Finding a job in a Blockchain space

Finding a job in a Blockchain space

Finding a job is not always an easy task unless you’re super talented and have a ton of experience. But even people like that started from scratch. The question is, what did these people have done to get where they are? How did they got into that ? I don’