Technology

Bitcoin Crashes as Major Crypto Country Shuts Down Entire Internet

Things are looking bleak for cryptocurrencies. Bitcoin was hit by a precipitous price drop on Wednesday, following a draconian crackdown in Kazakhstan — the second-largest hub for Bitcoin mining after the US in the world, Reuters reports. Prices fell below $42,000 on Thursday, which means that anyone who bought in at its recent high of $69,000 in early November has now gotten cleaned out. Behind the price drop is a series of violent revolts in the former Soviet republic, spurred in part by the country’s President Kassym-Jomart Tokayev, who ordered security forces to “kill without warning” to quell protesters. On Wednesday, the government enforced a country-wide internet blackout that lasted eight hours — and halted any crypto mining in its tracks.

Read more : Bitcoin Crashes as Major Crypto Country Shuts Down Entire Internet.

OODA network members can also access these additional resources on Web3 including insights into how to reduce risk and inform business strategies. Research and reporting of interest includes:

The Cryptocurrency Incident Database OODA analysts track every major cybersecurity incident and seek insights into root causes that can inform defenses.

What CEOs Need To Know About Bitcoin: Including potential new business models to consider  A Cambrian Explosion in innovation in Bitcoin related products and services is underway. Here is what the business leader should know about this revolutionary transformation of the global financial sector.

Reducing Risk To Cryptocurrency Projects by Red Teaming We provide insights on prioritizing defenses of cryptocurrency projects based on our years of experience in red teaming.

Is Bitcoin a National Security Risk? How might Bitcoin be framed as a national security risk?  As national security technologists, here is our take on where the government is likely concerned.

The Past Present and Future of DeFi  Here we capture insights from two of our most popular OODAcasts on the cryptocurrency revolution, one with crypto pioneer Bradley Rotter and one with author of “The Infinite Machine” Camila Russo.

Bitcoin and Ethereum and the Metaverse  Jahon Jamali is one of the great explainers of the nature of the crypto revolution and provides insights here into the nature of the coming changes.

What Will The Federal Government Do In Response To The Rise of Cryptocurrencies? All businesses and citizens should understand the importance of improving policy in this domain, but we also need to be cautious about over regulating or passing foolish rules that do more harm than good.

Disruptive and Exponential Technologies We track the rapidly changing world of technology with a focus on what leaders need to know to improve decision-making. Gain insights into the future of tech in a way that enables optimized action. We provide deep insights into Blockchains, Artificial Intelligence, Machine Learning, Cloud Computing, Quantum Computing, Security Technology, Space

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.