Tech
Cardano’s ADA token surged 150% in August, becoming the third largest cryptocurrency in the world by market value. But its victory seems to be short-lived. The cryptocurrency market seemed to have found its sea leg when it returned to the green market on September 30. Cardano has risen by 1.95% to a price of US$2.11, but has been unable to recover so far to rank third. The cryptocurrency market initially dismissed China’s statement, believing it was just another intimidation strategy. However, large wig companies did not respond in the same way.
Binance and Huobi, the world’s largest cryptocurrency exchanges, announced that they will no longer accept new registrations from users outside of China. Sparkpool is the second largest Ethereum mining pool in the world and will close operations in less than 24 hours. Moreover, Alibaba, China’s e-commerce giant, announced that it will no longer sell mining equipment.
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