Thailand and Vietnam emerge as ASEAN crypto trading hot spots

Nikkei

Each country logs over $100bn transactions in a year, topping Singapore

Chainalysis said Thailand and Vietnam saw high web traffic to marketplaces for non-fungible tokens.   © Reuters

DYLAN LOH, Nikkei staff writerSeptember 21, 2022 19:00 JST

SINGAPORE — Thailand and Vietnam have become the top crypto trading hubs among the 10 members of the Association of Southeast Asian Nations, beating even financial center Singapore, which has been grappling with new legislation to control the nascent sector.

The two ASEAN members recorded over $100 billion each in crypto buying and selling values from July 2021 to June 2022, according to numbers published on Wednesday by blockchain data platform Chainalysis.

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China, home to the world’s biggest cryptocurrency mining farms, now wants to ban them completely

SCMP

  • Bitcoin, the world’s most traded cryptocurrency, is now at around US$5,200, its highest level in four months
An employee inspects machines for the production of bitcoin and lightcoins. Photo: AFP
An employee inspects machines for the production of bitcoin and lightcoins. Photo: AFP

China’s top economic planning body has proposed new rules that would see the closure of all local cryptocurrency mining facilities if enacted – a move that would potentially end the country’s dominance in the energy-hungry, yet lucrative industry.

The National Development and Reform Commission (NDRC) on Monday

unveiled amendments

to its guidance for adjustments to the nation’s industrial structure, including categories that are encouraged, restricted and eliminated. Cryptocurrency mining was included among sectors to be eliminated immediately. The new list is under public consultation until May 7.

The NDRC did not immediately respond to a request for comment sent via a message board on its website.

Cryptocurrency mining is the process of validating transactions in digital forms of money like bitcoin and ethereum in exchange for new coins given as a reward. The specialised computers used for the mining activity consume large amounts of electricity.

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Millions ‘stolen’ in NiceHash Bitcoin heist

Last update 14:45 | 08/12/2017
“Highly professional” hackers made off with around 4,700 Bitcoin from a leading mining service, a Bitcoin exchange has said.


The value of Bitcoin is currently extremely volatile, but at the time of writing, the amount stolen was worth approximately $80m.

Bitcoin, a leading mining service, hackers, NiceHash Bitcoin heist
NiceHash was targeted by hackers in the early hours of Wednesday — Photo: NICEHASH

The hacked service was NiceHash, a Slovenia-based mining exchange. Tiếp tục đọc “Millions ‘stolen’ in NiceHash Bitcoin heist”

Bitcoin, làm giá thị trường kiểu bổn cũ soạn lại

Vấn đề thao túng thị trường, mà ngày nay thường dùng từ “làm giá” hay “làm giá thị trường” hay “tạo cơn sốt”, là điều xưa như trái đất, nhưng rất nhiều người vẫn bị lãnh đủ.

Vấn đề rất dễ hiểu. Giá cả của mọi thứ trên thị trường được ấn định bởi cung (supply) và cầu (demand) – một số lượng cung do các nhà sản xuất tung ra trên thị thường gặp một số lượng cầu của người tiêu thụ, sẽ tạo ra một thăng bằng (equilibrium) nơi cung và cầu gặp nhau, với lượng sản phẩm Q tại giá P. (Xem ảnh bên dưới)


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This Is What Could Pop the Bitcoin Bubble

 

Updated on

Bitcoin and bubble have become virtually synonymous in the minds of many skeptics during this year’s breathtaking rally. While the digital currency has defied doomsday prophesies, there’s a number of ways this party could end badly for the swelling ranks of bulls.

But be warned: many of the potential causes of death have surfaced during the past few years, and have proven unable to bludgeon bitcoin into oblivion thus far. Tiếp tục đọc “This Is What Could Pop the Bitcoin Bubble”

Fed’s Randal Quarles Says Bitcoin Could Be Dangerous for the Financial System

Jesse Hamilton
Bloomberg
Fed's Randal Quarles Says Bitcoin Could Be Dangerous for the Financial System
Randal Quarles, governor of the U.S. Federal Reserve nominee for U.S. President Donald Trump, speaks during a Senate Banking Committee nomination hearing in Washington, D.C., U.S., on Thursday, July 27, 2017. Trump’s pick to be the Federal Reserves top Wall Street watchdog said it’s time to reconsider the restrictions imposed on banks in recent years, even as he credited regulations with helping stabilize the financial system after the 2008 crisis.

Not so fast, bitcoiners.

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Bitcoin is new ‘dot com bubble’: experts

Last update 12:00 | 17/09/2017

VietNamNet Bridge – Vietnamese experts have warned about the bursting of the ‘bitcoin bubble’, saying that  enterprises which import low-quality bitcoin mining machines from China will incur big losses.


vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, bitcoin, ETH, mining machine
The imported machines are automatic data processing machines manufactured by Bitmain, a Chinese technology firm. The machine has Antminer L3+ installed from a graphics card for decoding SHA256 cryptographic hash algorithms. Tiếp tục đọc “Bitcoin is new ‘dot com bubble’: experts”

Vietnam warns against threat of cryptocurrency mining malware CoinHive

CoinHive, lurking unseen on websites, taps the processing power of visitors’ computers to mine the cryptocurrency Monero
By Tuoi Tre News

November 17, 2017, 16:05 GMT+7

​Vietnam warns against threat of cryptocurrency mining malware CoinHive
A cryptocurrency ‘mining farm’ in Vietnam.

Internet users in Vietnam are being warned of a malicious software program hiding on websites to ‘steal’ the computing resources on visitors’ devices to mine the cryptocurrency Monero for hackers.

The Vietnam Computer Emergency Response Team (VNCERT) announced on Thursday that it has received numerous complaints over the past week of cybersecurity threats caused by the CoinHive malware program. Tiếp tục đọc “Vietnam warns against threat of cryptocurrency mining malware CoinHive”