On Jan. 10, as the situation normalized across Kazakhstan, unrest did not affect areas where official crypto mining companies operate, according to the Kazakhstan Association of Data Center Industry and Blockchain (NABCD), which said that the recent Bitcoin hashrate The short-term drop was due to internet terminals, while also claiming that the current situation’s impact on cryptocurrency prices was short-lived. NABCD Chairman Alan Dorjiyev said: "Currently, companies and association members are working as usual. As far as we are concerned, we are working hard to ensure corporate social responsibility and make a positive contribution to the lives of residents in the areas where the data center is located." Kazakhstan Data The Central Industry and Blockchain Association believes that Kazakhstan will remain one of the most attractive regions for developing cryptocurrency mining from a strategic point of view, and the agreement wants to ensure that there is a dialogue with the relevant institutions, which has previously led to the legalization of mining in Kazakhstan Entity-imposed power supply restrictions have also been lifted.
0 Comments
"Musk", "Chinese Supervision" and "El Salvador" are probably the most important keywords affecting the trend of cryptocurrency in 2021, and they will affect the development pattern of cryptocurrency to varying degrees in different time periods. In 2021, cryptocurrency experienced the most alarming ups and downs since its birth: in terms of price, Bitcoin has reached a record high from 28,000 US dollars in early 2021 to 69,000 US dollars. During this period, Musk’s words and deeds had an important impact on the price fluctuations of cryptocurrencies; El Salvador announced that Bitcoin was a legal tender and became an experimental field for "fiat currency"; Coinbase was listed on the Nasdaq, and multiple Bitcoin futures ETFs were listed, etc. It has also become a testament to the increasing standardization and mainstreaming of the industry; from the perspective of global policy, since May, China has completely retired cryptocurrency trading platforms and "mining" actions, which has promoted the "large space transfer" of the crypto industry. , South Korea and other major cryptocurrency positions have become more stringent in supervision, and seeking compliance has become one of the main issues for cryptocurrency manufacturers in 2021. Cryptocurrency "mining": from the world's largest share to zero
2021 will become the most important turning point for China's cryptocurrency industry. Regulators have continuously issued documents to crack down on virtual currencies, sounding the clarion call for the complete withdrawal of the cryptocurrency industry from China. On May 18, 2021, the Internet Finance Association of China, the Bank of China (3.050, 0.00, 0.00%) Industry Association, and the China Payment and Clearing Association jointly issued an announcement on preventing virtual currency transaction hype to ensure the further implementation of the People’s Bank of China, etc. The five departments previously issued the "Notice on Preventing Bitcoin Risks" and "Announcement on Preventing Token Issuance Financing Risks" and other requirements. The three association announcements emphasized that the price of virtual currency has soared and plummeted, seriously infringing on the safety of the people's property and disrupting the normal economic and financial Order officially kicked off the prelude to the all-round crackdown on virtual currencies. Under the strict enforcement of multiple provisions and policies, various provinces and cities responded quickly. Inner Mongolia, Sichuan, Jiangsu, Hainan, Yunnan, Guizhou and Hebei have successively issued documents to combat virtual currency transactions and "mining" activities. As of October this year, China's virtual currency "mining" farms have been basically cleared. It only took less than two months for China's "mining" hash rate to go from the world's largest share to zero. As of the end of 2021, virtual currency trading platforms, virtual currency "mining" companies, virtual currency derivative financial companies, and virtual currency-related media have almost completely withdrawn from the stage of history in China. The Ninth City, Bit Mining and other listed companies that have transformed virtual currency "mining" have also completely moved abroad, and China has basically withdrawn from the development of the world's encryption industry. Zhu Youping believes: "In 2022, the combination of strict cryptocurrency supervision policies will not be relaxed, but will only be normalized. In the field of blockchain and cryptocurrency, China adopts the policy of'raising chain banning currency, keeping integrity and innovation'. Cryptocurrency is'full chain' Strict supervision does not mean that the blockchain industry will not develop. In fact, with the implementation of new concepts such as Metaverse, Web3, and DAO, the chain reform we advocate, that is, blockchain empowers the real economy, is still a grand narrative with massive Expansion capacity." From protected assets to "mining" contract invalidation At the judicial level, the verdict on virtual currency-related cases in 2021 has also undergone major changes. In December 2021, the Beijing Chaoyang District Court and the Dongcheng District Court successively declared the Bitcoin mining contract invalid, and even cryptocurrency-related telecommunications fraud is difficult to be filed. A number of suspected criminal violations related to virtual currencies have also become the focus of the industry. Events such as the arrest of Star Alliance involved in pyramid schemes have a profound impact on the industry. The consultant of Beijing DeHeng Law Firm analyzed to reporters: “On the whole, from the perspective of top-level design, the regulatory policies are becoming more and more stringent. In 2021, the central bank and other departments will intensively report to strengthen the strict control of virtual digital currencies, all revealing the country. The determination to combat the hype of virtual digital currency transactions, prevent systemic financial risks, and maintain financial security and stability." Begins with Dogecoin and ends with Metaverse In 2021, the virtual currency boom started with Dogecoin and ended with Meta universe. In the context of increasingly strict regulations, although the cryptocurrency industry seeking compliance has weakened, the development of cryptocurrency and blockchain-related fields has been active. Whether it is DeFi, NFT, to Gamefi or even Metaverse, they are full of the shadow of cryptocurrency. At the end of January 2021, GameStop (GME) staged a Wall Street Bets retail scene against Wall Street bears. It was originally a big show in the stock market. What's interesting is that "Dogecoin" unexpectedly made it onto the stage. On January 28th, Twitter user WSB Chairman (not the Twitter account of the real GME retail leader WSB) tweeted: "Have DOGE ever been to $1?" Maybe it just experienced the war on Wall Street and the enthusiasm has not retreated. , The enthusiasm of retail investors pushed Dogecoin up sharply. Since then, with the support of Elon Musk, the market value of Dogecoin has skyrocketed 1,000 times. Musk proposed that "Dogecoin was invented as a joke, essentially to make fun of cryptocurrency", "Bitcoin just gives power to the new rich", "Dogecoin is the future of currency" and so on. The remarks prompted Dogecoin to enter the top ten cryptocurrencies. According to the search index, Dogecoin took the lead in February 2021, Bitcoin hit an all-time high in May, and NFT became a hot star in August; Gamefi, represented by Axie, became popular in September, and since November, Meta Universe has become a well-deserved one. The king of traffic. Under the encryption boom, the highest coin theft event in the history of Defi also occurred in 2021. According to previous news, on the evening of August 10, Poly Network, a heterogeneous chain cross-chain interoperability protocol, was attacked by hackers. The stolen currency case with a total amount of more than 613 million U.S. dollars has become the largest currency loss case in the DeFi field, and it has also become the TOP3 currency theft case in the history of the encryption industry. Although the hackers eventually returned them in full, security in the DeFi field is still the focus of the industry. "In 2022, under the background of relatively complete market infrastructure and relatively diversified application ecology, the crypto industry may maintain a rapid growth trend, but this growth does not necessarily appear in the price of cryptocurrency." It is expected that NFT is expected to continue in 2022. Break the circle and obtain new opportunities outside the encryption industry; Metaverse and GameFi have faded, and the market has moved from hype to rationality; Bitcoin has been recognized by more countries and institutions, and its value attributes have been further released; the Ethereum ecosystem has continued to prosper, and the utilization rate has further increased; DAO is expected to usher in explosive growth; the global encryption regulatory framework is becoming increasingly clear, compliance will become a must for more encryption companies, and more listed encryption companies may also appear. |
Sophie
Share various useful investment information for reference only. Archives
January 2022
Categories |