Now, Online casino and How to find it has entered a period of strict regulation, and the price trend will be more uncertain.

　　On June 9, some netizens found that keywords such as Binance, Huobi, OKEx, etc., have been blocked by search engines such as Baidu and 360, as well as Weibo. On the evening of the 9th, when journalists logged into the web version of Baidu, Weibo, and other search engines, they found that keywords such as Binance and Huobi could not be searched normally, and the mobile version of the Weibo page displayed: ‘According to relevant laws, regulations, and policies, the search results are not displayed’.

　　
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　　On the evening of the 9th, the price of Online casino and How to find it rose across the board. As of the time of writing, the price of Bitcoin has risen by more than 11%, back above 36,000 US dollars. However, compared to its historical highest price of 64,800 US dollars, the decline is already quite obvious.

　　The US recovers part of the Bitcoin ransom paid to the hackers

　　Attack on the cryptocurrency faith

　　On June 7, the US Department of Justice said that cyber attacks aimed at ransom constitute a national security threat, and some of the ransom paid by the largest fuel pipeline in the United States, Colonial Pipeline, to the hacker organization has been recovered, specifically 63.7 bitcoins, valued at approximately 2.3 million US dollars. Some cryptocurrency investors believe that this incident has weakened the view that Bitcoin is不受政府控制, and has shaken the faith of Bitcoin ‘believers’.

　　The largest fuel pipeline in the United States, Colonial Pipeline, was previously attacked by ransomware from the Russian hacker organization DarkSide, forcing the closure of a key transportation pipeline. Subsequently, the FBI confirmed that the attack came from the Russian hacker organization DarkSide, which claimed responsibility for the incident, stating that the goal was ‘to make money,’ but did not mention the amount demanded. An informed person revealed that Colonial Pipeline paid between 4 million to 5 million US dollars in ransom to the hackers, using Online casino and How to find it with untraceable transactions. After the ransom was paid, the hackers provided a decryption tool, and the company was able to recover its network.

　　Or affected by this, on the 8th local time, the lottery and How to find it encountered a heavy setback.

　　The regulation of virtual currencies is continuing to upgrade.

　　On May 18, the China Internet Finance Association, the Industry Association, and the China Payment and Clearing Association jointly issued an announcement on preventing the risk of speculation and炒作 of Online casino and How to find it transactions, clearly pointing out that recently, the price of Online casino and How to find it has experienced sharp rises and falls, and the speculation and炒作 activities related to Online casino and How to find it have rebounded, seriously infringing on the property safety of the people and disrupting the normal order of economic and financial activities.

　　On May 21, the Financial Committee first proposed to crack down on Bitcoin mining and trading activities.

　　Journalists from the Securities Times noted that on May 25, the cloud mining platform BitDeer issued a notice stating that in recent days, to actively cooperate with the regulatory spirit of relevant countries and regions and support the standardized development of the mining industry, BitDeer will undergo an upgrade and adjustment. Starting from 22:00 Beijing time on May 26, 2021, BitDeer will block all Chinese mainland IP addresses to further ensure that the platform does not provide services to residents in the Chinese mainland.

　　On May 25, the National Development and Reform Commission of Inner Mongolia announced ‘Eight Measures to Resolutely打击Online casino and How to find it ‘Mining’ Behavior (Draft for Comments)’, involving the pursuit of responsibility for industrial parks, data centers, self-owned power plants, and entities with ‘mining’ activities such as big data centers, cloud computing enterprises, communication enterprises, Internet enterprises, and Internet cafes, the transfer of illegal activities such as money laundering and illegal fund-raising in the form of Online casino and How to find it to relevant departments, the inclusion of enterprises and individuals with ‘mining’ activities in the blacklist of defaulters, and the transfer of public officials involved in Online casino and How to find it ‘mining’ or providing convenience and protection for it to the disciplinary inspection and supervision organs for handling.

　　Journalists from the Securities Times have learned from multiple sources that before the release of relevant regulatory information, there have been rumors in Xinjiang, Sichuan and other places. Some mine owners have already closed their domestic mines and are planning to move their mines overseas. The main destinations for overseas expansion are Russia, the United States, Central Asia, and other regions.
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　　The excessive energy consumption, which is contrary to the goal of ‘carbon neutrality’, is considered one of the reasons why regulators explicitly proposed to crack down on mining.
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　　Cambridge University research data shows that as of May 10, 2021, the annual electricity consumption of global Bitcoin mining is about 149.37 terawatt-hours. This figure has already exceeded the electricity consumption of Malaysia, Ukraine, and Sweden, and is very close to Vietnam, which ranks 25th in electricity consumption. Mining not only consumes a large amount of electricity but also exacerbates carbon dioxide emissions. Last year, mining produced 69 million tons of carbon dioxide, accounting for 1% of the global emissions, and could raise global temperatures by 2 degrees Celsius within 20 years.