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Poly Network is hacked for over $600 million and users speak out on social media. The incident highlights how isolated some Chinese crypto projects are from the wider community.
Warnings were replaced by top-down rulings that threaten to scatter China’s mining community around the globe, as China pushes towards cleaner carbon policies and stricter financial controls.
by Tyler Durden Last week, when cryptos again plunged on the well-timed recurring "news" report that China was again banning crypto - something China has been doing with zero success since 2014 but has taken on new urgency now that its Digital Yuan has emerged as a total flop - this time in the format of cracking down in Proof-of-Work (such as Bitcoin and Ethereum 1.0) crypto miners, we said that this could be the best thing to happen for crypto: after all, the China was and is the bitcoin bears biggest friend: as long as bitcoin is mostly mined in China, where coal power plants account ...