Ballet CEO on China's Crypto Crackdown

The video discusses China's recent extension of its crypto policy crackdown, focusing on the ban of enterprise-led crypto exchanges and its motivations, such as currency control and preventing money outflow. It highlights the shift of traditional crypto mining activities abroad while some new forms remain in China. The market's reaction to these policies is analyzed, with predictions of a potential Bitcoin rally. Businesses like hardware wallet makers are adapting by focusing on international markets, minimizing the impact of China's regulations.

What are the differences between traditional proof of work mining and proof of stake mining?

How do you foresee the future of Bitcoin prices in light of the current regulatory environment?

In what ways has the crackdown affected businesses that operate in the crypto space?