Since the largest cryptocurrency has no intrinsic value, it will become virtually worthless if investors lose confidence, the newspaper says. The largest cryptocurrency is currently trading above the $20,000 level after collapsing to as low as $17,600 over the weekend.
The mouthpiece of the Chinese government states that the cryptocurrency market is"full of manipulation." The article, which reflects the CCP's official position on cryptocurrencies, signals that the Chinese government is nowhere close to warming up to crypto. The Financial Regulatory Bureau of Shenzhen also warned about speculation and illegal activities related to cryptocurrencies.
Last May, China's authorities started a major crackdown on Bitcoin mining in June 2021, banning virtually all domestic cryptocurrency farms. This caused the country's mining capacity to collapse to zero. However, as of May, China is the second biggest mining hub in the world because of underground mining operations.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China could bring first Mars samples to Earth before NASA | Digital TrendsChina is aiming to bring the first rock samples from Mars to Earth in 2031, two years before NASA plans to perform the coveted feat. That sounds like the CCP. Abandons its 10 year plan then wastes needed capital on optics. I am sure the housing market crisis is secondary to appearing important on the global stage. It’s the same material as here lol Wonder if China will just make them in a Lab and say they got them on Mars.
Source: DigitalTrends - 🏆 95. / 65 Read more »
China aims to bring Mars samples to Earth 2 years before NASA, ESA mission - SpaceNewsChina’s Mars sample return mission aims to collect samples from the Red Planet and deliver them to Earth in 2031, or two years ahead of a NASA and ESA joint mission. Whats the point? The Mars rover can analyse soil/rock samples already. Seems like a very costly operation for little to no scientific gain.
Source: universetoday - 🏆 297. / 63 Read more »
Julian Assange case reflects US, UK hypocrisy on press freedom: China“People are treated either as heroes if they expose other countries or as criminals if they expose the US,” Chinese Foreign Ministry spokesperson Wang Wenbin says. What happened to pure 💯% transparency ❕❗❔❓
Source: trtworld - 🏆 101. / 63 Read more »
Why China just can't seem to quit coalChina is a renewable energy powerhouse. The country unfortunately still relies on and continues funding coal. Plus, China is currently building over 200 nuclear power plants. I think they've decided against wind and solar power, except a token for public relations.
Source: PopSci - 🏆 298. / 63 Read more »
COP15: Canada to replace China as venue for UN biodiversity summitThe COP15 meeting of the Convention on Biological Diversity will be relocated to Montreal due to fears the Chinese government would postpone the event again This could be done on Zoom, Discord, Skype, or some similar service. great choice ❤️
Source: newscientist - 🏆 541. / 51 Read more »
China Says It May Have Detected Signals From Alien CivilizationsScientists in China have claimed that the country’s enormous “Sky Eye” telescope may have picked up trace signals from a distant alien civilization in a recently posted and subsequently deleted report. What do you think? That's too bad he's unemployed now. They got that same email I got… “Signals in your area want to find you” I don't want to speak with any civilizations that would deign to speak with us.
Source: TheOnion - 🏆 724. / 51 Read more »