This week, when Coinbase, a company that buys and sells cryptocurrencies, appeared on the stock market, it surpassed companies such as British Petroleum. As soon as the shares were listed in the market, its value exceeded Rs.
Also read: Coinbase market value exceeds سو 1 billion
But the dark side of a government-sponsored cryptocurrency is that you can’t predict the value of the digital currency for the next minute.
In the last 24 hours, the cryptocurrency market has fallen from 2 2.2 trillion to 9 1.9 trillion, according to Coin MarketCap, a website that publishes cryptocurrency statistics. In other words, in less than 24 hours, bitcoins worth 300 300 billion flew around the world.
Also Read: Corrupt Currency Cash without any government policy
According to the report, a crackdown was carried out against corrupt currency, especially bitcoin, in the Xinjiang region of China yesterday. Xinjiang is considered to be the largest center of the bitcoin mining network in the world. After this crackdown, the mining of bitcoin has been reduced from 215 exa hash per second to 120 exa hash per second. Which wiped out 300 300 billion in less than a day.