Virtual currency in recent crash
100 bitcoins disappeared
Li received and installed mining tools. On the evening of October 26, he was inced by Michael to put 100 bitcoins in his wallet. However, when the bitcoin in the E-wallet just reached 100, it suddenly disappeared. Li suddenly panic God, and then contact Michael, the convenience of invisible disappeared
Li told reporters that at present, a bitcoin costs about 5000 or 6000 yuan, and 100 bitcoins are worth 500000 or 600000 yuan. Afterwards, Li reported the case to the police. However, to Li's disappointment, because bitcoin is a virtual currency, there is no relevant domestic law to regulate and protect its transactions. The police did not file a case“ Now, this man named Michael is still active on the Internet. He's just taking advantage of the law. " Li told Anhui Business Daily
there is a Trojan horse in "mining tools"
How could Li's bitcoin disappear? 360 security engineer contacted him and tested Michael's "mining tool", and found that this tool is a very popular "bitcoin robber" Trojan horse this year. According to the analysis of 360 security center, most of the "bitcoin thieves" Trojans are disguised as mining tools, simplified wallets and other compressed files. Once a player is recruited, the Trojan will automatically search for bitcoin wallets and steal them through e-mail, hacker remote control and other means.
No. Virtual currency with good operation and investment will survive for a long time and will not go bankrupt in a few months, such as bitcoin and internet currency of Internet companies
there are various types of virtual currencies. The virtual currencies with high acceptance abroad are Facebook's f currency, online game second life's Linden currency, etc., while the representative virtual currencies in China are Tencent's Q currency, Sina's u currency, online currency, Shanda Yuanbao, etc
virtual currency is different from check and telegraphic transfer. The value that virtual currency can't realize can't be transferred by bank. At present, it can only circulate in the network world. Virtual currency is released by various network organizations, and there is no unified issuance and management standard
2. The special currency issued by the portal website or instant messaging service provider is used to purchase the services in the website the most widely used is Tencent's q-coin, which can be used to purchase value-added services such as membership and QQ show
3. Virtual currency on the Internet. For example, bitcoin, Wright currency, etc. bitcoin is an electronic currency proced by open-source P2P software. Some people also translate bitcoin as "bitcoin", which is a kind of network virtual currency. It is mainly used for Internet financial investment, and can also be directly used in daily life as a new currency
The collapse of cryptocurrency market, some experts said frankly, from the reality, including bitcoin virtual currency in the financial settlement system of various countries, does not have the function of currency trading< virtual currency has the attribute of financial derivatives, its price trend is also affected by many factors , sudden regulatory trends, news and public opinion and major technological changes, etc. may make its trading price fluctuate significantly
In addition to the above reasons, another reason is the excessive concentration of virtual currency holders. Virtual currency trading is mainly carried out through the third party, namely the virtual currency exchange, and the trading platform becomes the largest holder, which also makes it possible for the makers to form a group and control the currency trading price{rrrrrrr}
extended information
the rapid decline of bitcoin has caused heavy losses to investors:
"mining" is hot and profitable, but the risk is also huge. Any market fluctuation will cause violent turbulence. In the past weekend, there was a wave of "crash", cryptocurrency collective flash
as of the noon of April 18, according to the 24-hour rise and fall, bitcoin has plummeted by 17%, Ethereum has plummeted by 20%, coin an has plummeted by 17%, reborn has plummeted by 26%, doggy has plummeted by 19%, Leyte has plummeted by 28%, BoChang has plummeted by 25%, and grapefruit has plummeted by 29%. In particular, the rapid decline of bitcoin has caused heavy losses to investors, reaching 4.4 billion US dollars in one hour
On April 18, 2021, the global virtual money market plummeted, and the cryptocurrency market experienced the most serious slump in history. On a 24-hour basis, bitcoin has plummeted by more than 16%, Ethereum has plummeted by nearly 20%, coin an has plummeted by 17%, and reborn has fallen by 26%. Within one day, more than 620000 people were liquidated, and the amount of liquidation exceeded US $5579 million. Brian bull, CEO of coinbase, a virtual currency exchange; Armstrong sold $290 million of the company's shares, bringing the total market value of its insiders to more than $4.6 billion. In addition, alexia & middot, the chief financial officer of coinbase; Haas cashed out about $99.32 million at $388.73
it is reported that the ability of cloud computing is to split the mining machine into independent units. The mine provides mining machine computing power leasing services. Investors only need to purchase the calculation contract to & lt; Cloud mining;, Get the corresponding virtual currency. On several cloud computing platforms, it is found that the rate of return declared by each platform is not low, and some annual rates of return even exceed 100%. At the same time, cloud computing capacity is also facing huge risks. In the absence of third-party guarantee and supervision, cloud computing capacity sometimes faces huge risks
it is understood that the collapse of cryptocurrency was affected by the news that the US Treasury Department accused a number of financial institutions of using cryptocurrency to launder money
why can we use cryptocurrency to launder money
First of all, cryptocurrency is a financial instrument in the market. It is also important to measure that a financial instrument only represents value rather than intrinsic value itself - stocks, bonds, futures, currencies, etc. are only numbers in large-scale computers, if they do not have fundamental value with specific real assets in lawthis means that the market price of financial instruments can only be obtained in two ways:
the first is to reflect the growth of the intrinsic value of relevant assets through the market, or through the situation that there is no change in the real world, but through the fact that market participants are buying because others are buying
the second case is known as the market bubble, which has existed since the famous tulip fever in Holland in seventeenth Century and the huge Internet market hype in early twentieth Century. Every market bubble has the same trend: the market has become so electrified that everyone seems to have forgotten the true value of assets represented by financial instruments. RRRRR}
in other words, people buy bitcoin because they intend to make a lot of money quickly , not because they see any intrinsic utility in bitcoin, nor because they intend to invest in bitcoin for a long time (reading years, not months)