China dominates the hardware market for cryptocurrency. Now you will do it from the US

The US is a critical market for Chinese criptodiviss mining hardware manufacturers. In fact, it is The most important on the planet. And it is for several reasons. The most obvious is that the country led by Donald Trump brings together a good part of the operators that They are dedicated to cryptocurrency because it offers them the ideal conditions to carry out this activity. Many of them have been installed in Texas, North Dakota, Georgia and other states of this country because electricity in them has a very competitive price. In addition, some investment funds and American venture capital companies finance operators that are dedicated to mining. In fact, its support has acquired such size that companies such as Riot Platforms or Digital Marathon, which buy a large amount of hardware for mine, traded in the stock market. And we cannot ignore that in 2021 the Chinese government prohibited mining and transactions With cryptocurrencies, which forced Chinese operators to move to a country that offered them more favorable conditions. Tariffs are restructuring the mining hardware market The prohibition of the Chinese mining government and transactions with cryptocurrency in mid -2021 triggered an exodus of the operators. Many of them moved to the US, but this does not mean that no one is undermining in China. In fact, this last country still represents approximately 20% of Hashrate Bitcoin Global, so it only exceeds the US. What happens is that currently in China this activity is carried out in a clandestine way. Chinese companies Bitmain, Canaan and Microbt produce more than 90% of the mining equipment sold on the planet An important note before moving forward: the Hashrate or the rate of hash It measures the calculation power used to undermine cryptocurrencies. The higher this value, the greater the calculation capacity of a system or an infrastructure. Whatever it is important that we keep in mind that China is not only the place of origin of many operators that are dedicated to cryptodivine mining; A good part of the companies that are dedicated to the manufacture of mining hardware are Chinese. In fact, The three that sell the most come from China. Bitmain, Canaan and Microbt produce more than 90% of mining equipment sold on the planet. And all three are making new facilities in the US with one purpose: dodge tariffs that the government led by Donald Trump has deployed so as not to lose competitiveness in the US market. These are the three most relevant Chinese companies, but, According to Reutersmany more companies from this Asian country are being installed in the US with the aim of continuing to compete with guarantees in this market. However, this does not mean that Chinese hardware manufacturers for mining are abandoning China. They are not doing it. Its plan is to supply the US market thanks to its factories installed in the US and compete in the other markets on the planet with the production of its plants in China. “Although more than 30% of Bitcoin’s global mining occurs in North America, More than 90% of the hardware comes from Chinawhich represents a great imbalance between demand and supply “, SANJAY GUPTA holdsStrategy Director of the American Hardware manufacturer for Auradine Mining. This is the heart of this matter. All probability this imbalance will be corrected, but mining hardware will continue to be mostly in the hands of Chinese companies. Although they reside in the US. Image | David McBee More information | Reuters In Xataka | Bitcoin was supposed to save us from decentralization. A third is already in the hands of a few great actors

Someone has stolen $ 1.5 billion in a cryptocurrency market. It is the greatest crypto hacking in history

The cryptocurrency market had been encouraged again months ago. Everything seemed relatively quiet, but two serious events in this segment have brought us again those sensations of distrust and insecurity. And it will not be easy to get rid of them. A historical theft. Last Friday someone managed to hack the market for the sale of BYBIT cryptodivisas. The firm He quickly warned how they had detected “unauthorized activity” in their systems. It was the greatest cryptocurrency hacking in history: it is estimated that the attackers (s) managed to steal $ 1.5 billion in the form of ETH. The previous most important robberies had been the 470 million dollars stolen in the Mt Gox hacking In 2014, the 530 million coincheck In 2018 or 650 million from Exploit Ronin Bridge In 2022. Lazarus group as suspicious. At the moment the firm does not know how the hacking was performed, but apparently the company’s laptops were not compromised and the problem affected Safe, the “cold” purse of the platform. Cybersecurity consultant Arkham Intelligence indicates that Lazarus Group had been responsible, a statement based on The investigation of the expert in this area Zachxbt. Bybit says to be covered. Ben Zhou, CEO of Bybit, highlighted How his criptomoned sale market had enough reserves to cover hacking and cryptocurrency withdrawal – especially, especially, Stablecoins– Although for a few hours They blocked some functions of their purses to guarantee their safety. A few hours ago Zhou indicated how they had managed to cover virtually all funds. Panic in Bybit. The theft has caused many users to withdraw funds in Bybit for fear that these funds will also end up being stolen. As indicated In Coindeskin the hours following the HACKEO Bybit he saw how their clients withdrew 4,000 million dollars in funds. Of the 16.9 billion dollars managed in crypto assets in Bybit, the firm went to manage 11.2 billion dollars According to defillama data. Can Ctrl-Z do to the block chain? Some users asked if it would be feasible to make a kind of “roll-back” of the Ethereum block chain. That would allow us to undo the changes made by hackers and return the status of that great book of accounts to how it was before hacking, but it is not clear that this is possible. Experts indicate according to Coindesk that something like this would be possible, but the interactions between the Smart Contracts and their internal architecture make it not easy. It would be necessary to reach a consensus, and could even cause a division of the Ethereum block chain in two. Just when in the US the thing was encouraged. The robbery occurred just the day Coinbase had managed to reach an agreement with the United States Securities and Exchange Commission leave the demand without also being issued. Donald Trump’s re -election had promoted the value of cryptocurrencies, but since his appointment we have lived several worrying events. Memecoins, Trump and Milei. The scandals have been especially primed with the Memecoins created or supported by Trump and especially by Javier MileiPresident of Argentina. Both grew in a brilliant value and then collapsed in a mysterious and disturbing way, which points to possible fraud in which a few privileged were winning while hundreds of thousands of people lost their investments in these cryptodivisas. Distrust and insecurity, the eternal condemnation of crypts. The scandals with these memecoins and the spectacular bykit hacking return us the constant feeling of insecurity and distrust that the cryptodivisas have always generated. The institutional interest and a certain tranquility in recent times seemed to have softened that environment, but these new events will probably make more people think twice before investing in this type of assets. It is a bad idea to leave your cryptocurrencies in an “Exchange”. The truth is that these robberies have confirmed that their security measures can end up being insufficient to protect their customers’ funds. The most recommended form of experts to save these cryptocurrencies is do it in physical pursesdo not leave them in the purchase market for sale of cryptocurrencies (“Exchange”). Image | KANCHANARA In Xataka | A British did not let his album search with Bitcoins in the trash for years: now he considers buying the landfill

How $ Libra and the cryptocurrency macroestaf

Around al Memecoin $ Libra everything has gone at a speed of infarction. It was The ball of its price, which on Friday triggered its global value until it adds several billions of dollars in a matter of hours. It was his collapse, just as resounding and accelerated. And now his controversy is being, with an intense crossing of criticism and accusations of Macroestafa Among the protagonists of what promises to be one of the most rocambolesque chapters of the brief cryptohistory. In the eye of the hurricane is Javier Milei, president of Argentina and an essential figure to understand what happened. For now, $ Libra seems to be costing him a cascade of accusations for fraud and considerable erosion of its popularity. In fact there are already those who, pulling irony and black humor, have baptized it “Ponzidente” In a wink to the famous system of Ponzi pyramidal scams. A name: $ Libra. To understand what happened, you have to go back late Friday, when Javier Milei published in networks, for the 3.8 million of followers that adds in X and the six million of Instagram, a message in which it basically promoted a cryptocurrency called $ Libra. Exactly, just like the name of his own party, La Libertad advancesLla. That the head of state of Argentina gave visibility to what he called “private project” focused on “growth” was understood as something else: an endorsement, a support, a guarantee of reliability. After all, Milei spoke from the same platforms that he often uses ads, launching opinions or heading to other world leaders. The result was expected. He lifted his mood. And there were Argentines who took advantage of their huchas to invest. Click on the image to go to Tweet. A phrase: “encourage growth”. That in networks, media and forums have not stopped commenting The tweet Published by Milei on Friday at the last minute, even though that message has already been deleted from the Argentine leader’s account, it makes enough sense. Without him it is difficult to understand everything that happened later and The consequences that may have for him in the future. After starting with a “Liberal Argentina grows !!!”, Milei presented $ Libra as an entrepreneurship focused on the development and capture of wealth. “This private project will be dedicated to encourage the growth of the Argentine economy, anchoring small Argentine businesses and ventures. The world wants to invest in Argentina.” The tweet It included a link to a platform that –Cryptopolitan needs– He already invited to suspicate and linked to a Google form to process financing applications. Other heavyweights From the extreme right Argentina helped give visibility. A figure: 4.5 billion. $ Libra grew like foam. Even more. Despite the misgivings that did not take the project and that everything indicated that the domain had been registered just a few hours before Of the launch, Milei’s tweet seemed to give wings to the Memecoin. In a very short time its market capitalization shot until they were around 4.5 billion of dollars. However, with them and after that vertiginous growth, it collapsed to the ground. The Kobeissi Letter has elaborated A thread To explain step by step the sequence in detail, but it is summarized in a simple way: in full spiral of optimism and growth, large owners of $ Libra began to liquidate huge sums of dollars in minutes, achieving millionaire earnings. Cryptopolitan Explain that when people started asking questions Insiders of $ Libra there were taken 87.4 million dollars. In just three hours. A concept: ‘rug-pull’. Shortly after the launch of the Memecoin He began to sound Anything else: a concept, Rug-Pull (“Plush pull”, in Spanish), which basically describes the fraudulent practice of those who create cryptocurrencies, attract investors and then disappear quickly, withdrawing their funds. In summary, inflate an asset artificially to capture investors and step back when the spiral is at its peak taking millionaire gains. In Your report Regarding the firm Kobbeissi Letter says that “in five hours more than 4.4 billion market capitalization was erased.” Moreover, there are means that already speak of more than 40,000 investors who have seen their money trapped in the project endorsed by Milei. Hours after launching a post promoting $ Libra, the Argentine leader’s account erased the original publication and hung Another messagevery different tone, in which it basically marks distances with the Memecoin and charge hard against their critics. A tweet: “I have no link”. “A few hours ago I published a Tweet, like so many other infinite times, supporting an alleged private venture that obviously has no link,” the Argentine leader starts in Your second message. “I was not internalized from the details of the project and after having internalized I decided not to continue disseminating (that’s why I erased the tweet).” Little has served him. After what happened the weekend, they have not stopped the reactions. The case has raised comparisons with the Trump launchwhich also grew strongly before disinfied, has given rise to criticism of the opposition and above all he has focused the focus on who is behind $ libra and to what extent he was milei aware of the risks and what ended up happening. Click on the image to go to Tweet. A reaction: complaints. Yesterday was presented a criminal complaint against Milei for “illegal association”, “scams” and “breach of the duties of a public official” and already There is news They point out that the number of claims has continued to grow. The opposition threat now With a Impeachment while the leader load against “The unclean rats of the political caste that want to take advantage of the situation” and alleges that has been directed to anti -corruption. In The complaint Presented yesterday is also included, among, others responsible for the development of cryptodye and technological infrastructure that supported it. One of those responsible for the project has already publicly came out to blame Milei of what happened, relating the collapse in the price with … Read more

How $ Libra and the cryptocurrency macroestaf

Around al Memecoin $ Libra everything has gone at a speed of infarction. It was The ball of its price, which on Friday triggered its global value until it adds several billions of dollars in a matter of hours. It was his collapse, just as resounding and accelerated. And now his controversy is being, with an intense crossing of criticism and accusations of Macroestafa Among the protagonists of what promises to be one of the most rocambolesque chapters of the brief cryptohistory. In the eye of the hurricane is Javier Milei, president of Argentina and an essential figure to understand what happened. For now, $ Libra seems to be costing him a cascade of accusations for fraud and considerable erosion of its popularity. In fact there are already those who, pulling irony and black humor, have baptized it “Ponzidente” In a wink to the famous system of Ponzi pyramidal scams. A name: $ Libra. To understand what happened, you have to go back late Friday, when Javier Milei published in networks, for the 3.8 million of followers that adds in X and the six million of Instagram, a message in which it basically promoted a cryptocurrency called $ Libra. Exactly, just like the name of his own party, La Libertad advancesLla. That the head of state of Argentina gave visibility to what he called “private project” focused on “growth” was understood as something else: an endorsement, a support, a guarantee of reliability. After all, Milei spoke from the same platforms that he often uses ads, launching opinions or heading to other world leaders. The result was expected. He lifted his mood. And there were Argentines who took advantage of their huchas to invest. Click on the image to go to Tweet. A phrase: “encourage growth”. That in networks, media and forums have not stopped commenting The tweet Published by Milei on Friday at the last minute, even though that message has already been deleted from the Argentine leader’s account, it makes enough sense. Without him it is difficult to understand everything that happened later and The consequences that may have for him in the future. After starting with a “Liberal Argentina grows !!!”, Milei presented $ Libra as an entrepreneurship focused on the development and capture of wealth. “This private project will be dedicated to encourage the growth of the Argentine economy, anchoring small Argentine businesses and ventures. The world wants to invest in Argentina.” The tweet It included a link to a platform that –Cryptopolitan needs– He already invited to suspicate and linked to a Google form to process financing applications. Other heavyweights From the extreme right Argentina helped give visibility. A figure: 4.5 billion. $ Libra grew like foam. Even more. Despite the misgivings that did not take the project and that everything indicated that the domain had been registered just a few hours before Of the launch, Milei’s tweet seemed to give wings to the Memecoin. In a very short time its market capitalization shot until they were around 4.5 billion of dollars. However, with them and after that vertiginous growth, it collapsed to the ground. The Kobeissi Letter has elaborated A thread To explain step by step the sequence in detail, but it is summarized in a simple way: in full spiral of optimism and growth, large owners of $ Libra began to liquidate huge sums of dollars in minutes, achieving millionaire earnings. Cryptopolitan Explain that when people started asking questions Insiders of $ Libra had exhausted around 87.4 million dollars. And that in just three hours. A concept: ‘rug-pull’. Shortly after the launch of the Memecoin He began to sound Anything else: a concept, Rug-Pull (“Plush pull”, in Spanish), which basically describes the fraudulent practice of those who create cryptocurrencies, attract investors and then disappear quickly, withdrawing their funds. In summary, inflate an asset artificially to capture investors and step back when the spiral is at its peak taking millionaire gains. In Your report Regarding the firm Kobbeissi Letter says that “in five hours more than 4.4 billion market capitalization was erased.” Moreover, there are means that already speak of more than 40,000 investors who have seen their money trapped in the project endorsed by Milei. Hours after launching a post promoting $ Libra, the Argentine leader’s account erased the original publication and hung Another messagevery different tone, in which it basically marks distances with the Memecoin and charge hard against their critics. A tweet: “I have no link”. “A few hours ago I published a Tweet, like so many other infinite times, supporting an alleged private venture that obviously has no link,” the Argentine leader starts in Your second message. “I was not internalized from the details of the project and after having internalized I decided not to continue disseminating (that’s why I erased the tweet).” Little has served him. After what happened the weekend, they have not stopped the reactions. The case has raised comparisons with the Trump launchwhich also grew strongly before disinfied, has given rise to criticism of the opposition and above all he has focused the focus on who is behind $ libra and to what extent he was milei aware of the risks and what ended up happening. Click on the image to go to Tweet. A reaction: complaints. Yesterday was presented a criminal complaint against Milei for “illegal association”, “scams” and “breach of the duties of a public official” and already There is news They point out that the number of claims has continued to grow. The opposition threat now With a Impeachment while the leader load against “The unclean rats of the political caste that want to take advantage of the situation” and alleges that has been directed to anti -corruption. In The complaint Presented yesterday is also included, among, others responsible for the development of cryptodye and technological infrastructure that supported it. One of those responsible for the project has already publicly came out to blame Milei of what happened, relating the collapse in the … Read more

Ivanka Trump denounces the existence of a cryptocurrency that falsely bears her name

Ivanka Trump, eldest daughter of the nation’s president, warned American investors about the existence of a cryptocurrency that falsely bears his name. Through a message published on platform “I have learned that a fake cryptocurrency called ‘Ivanka Trump’ or ‘$IVANKA’ is being promoted without my consent or approval. To be clear: I have no relationship with this coin. This fake currency risks misleading consumers and defrauding them of their hard-earned money, and the unauthorized use of my name and image is a violation of my rights. “This promotion is misleading, exploitative and unacceptable,” he said. The announcement of Ivanka Trump arises after his father signed a executive order that promotes cryptocurrencies under the commitment to make the United States the “crypto capital of the planet.” Unlike Donald Trump’s first stage in the presidency, Ivanka Trump this time ruled out working as his advisor. (Credit: Wilfredo Lee / AP) Since Donald Trump assumed the US presidency for the second time, the value of Bitcoin, the longest-lived cryptocurrency on the market, began to increase to exceed $105,000. Years ago, the New York tycoon came to cryptocurrencies as a “scam,” but during his campaign seeking to return to Washington he modified his speech by testifying how they have become the new market for investors from around the world. However, through the order signed by Trump, the establishment of a central bank digital currency (CBDC) is prohibited, this with the aim of strengthening the trust placed in the dollar as the world reserve currency since July 1944. Keep reading: • Ivanka Trump claims to hate politics for being “a very dark and negative business”“ • Ivanka Trump and Jared Kushner complete construction of their $24 million mansion • 2025 will be a challenging year for immigrants with the return of Trump

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