China could weaponize bitcoin
Many foreign economies look to cryptocurrencies like bitcoin as a safe haven due to the lack of financial infrastructure in their country, or due to the way their governments control traditional fiat currencies. Even worse than outright destroying it, china might weaponize its control over bitcoin in order destabilize foreign economies, the researchers believe. South korean banks.
China could damage bitcoin, research shows - cryptonews.
The dow crashed on monday after china retaliated against trumps tariff threats by weaponizing the yuan and abandoning the trade deal. Alex capri of the nus business school says china could target political constituencies such as the agricultural sector in the u. Adversaries, china is best positioned to develop blockchain-based digital currency infrastructure that could compete with the dollar-based financial system, the study says.
Wall streeting bitcoin. China could destroy bitcoin to make an ideological statement slowing down the network is the least of investors problems when it comes to chinas control over bitcoins hashpower. China could weaponize bitcoin to attack enemy economies the paper ends with a chilling example of how china could use their influence to weaponize bitcoin.
China could weaponize the us political system with trade.
Microsoft adds bitcoin. A damning new study suggests china has threatening influence over bitcoin even the ability to attack and destroy the entire bitcoin network at will. Its commonly known that cryptocurrency mining farms located in china have a stronghold over the bitcoin ecosystem.
However, a scathing new report suggests that chinas increasing influence over the leading cryptocurrency by market cap may be putting the bitcoin network at severe risk. Ideologically, china might even be incentivized to try to destroy bitcoin, given its centralized regime of totalitarian communism. Aka nouriel roubini.
Global blockchain forum mar. Punches thrown in violent attack caught on video in santa monica mcdonalds. Hedge fund titan ray dalio said he wouldnt rule out china using its treasury holdings to gain an upper hand against the u.
Study exposes how russia, iran, & china are weaponizing.
The researchers identified 19 different types of attacks that the chinese mining pools are currently capable of.