Day: June 7, 2022

Director of Listed Chinese Company Embezzles $8 Million, Uses Funds to Purchase Bitcoin Mining Rigs โ€“ Regulation Bitcoin News

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A Chinese prosecutor is reported to have given a thumbs up to the arrest of a listed big data company director accused of embezzling $8 million and using the funds to buy bitcoin mining rigs. Although Li Qunnan has denied the allegations, executives insist their evidence implicates him. Directorโ€™s Unsanctioned Use of Funds Discovered in November 2021 A prosecutor in Beijing, China, has reportedly approved the arrest of a former director of a listed big data firm who is accused of using fraudulently acquired funds to purchase bitcoin mining rigs.…

WARNING TO INVESTORS (Extreme Inflation)!! Bitcoin News Today, Bitcoin Price Prediction, BTC Crash

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Cardano (ADA) Booms 20% In Last Week, Will It Hit $1 Amid ‘Vasil’ Launch

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Considering the launch of the most anticipated hard fork on the Cardano blockchain, dubbed โ€˜Vasil,โ€™ investors expect more growth for the crypto project in near future. Consequently, tradersโ€™ actions over the tentative launch of the most significant upgrade of the project pumped ADAโ€™s value more than other top-ranked digital assetsโ€™ gains.ย  The upcoming upgrade will take place on June 29, 2022. And it will possibly impact the adoption of the Cardano network more than its previous hard forks. Related Reading | Bitcoin Bullish Signal: 1k-10k BTC Holders Have Been Buying…

Fireblocks Deepens Payments Push With Checkout.com USDC Settlement

โ€œTraditionally, merchant payouts are limited to 9-5 on weekdays excluding public holidays and are further delayed through batch processing over several business days,โ€ said Ran Goldi, Fireblocks vice president of payments. โ€œCheckout.comโ€™s weekend settlement means that merchants are no longer restricted by arbitrary settlement times.โ€ Source

Checkoutโ€‹.com launches 24/7 stablecoin settlement in partnership with Fireblocks

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Global payment processor Checkout.com has launched a new stablecoin settlement system that will allow merchants to process crypto payments from their customers in real time โ€” potentially widening the use cases of stablecoins within e-commerce.ย  The stablecoin settlement system centers around Circleโ€™s USD Coin (USDC), the second-largest stablecoin by market capitalization, and allows merchants to automatically convert USDC payments into fiat upon receipt. The service will be available to merchants around the clock, meaning payments will be settled on weekends and holidays in addition to regular business hours. The settlement…

BITCOIN IS PREPARING FOR THE NEXT BREAKOUT!!!!!!!!!!!!!!!!!!!!!!!!!! (& DXY Analysis)

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New Study Shows 37% Of People Want Governments To Legalize Bitcoin

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Given the growing interest in crypto adoption as a legal tender, itโ€™s not shocking that many participants will wish to legalize bitcoin. The level of support for crypto was evident in a new survey conducted by The Economist. This survey aimed to know the number of people who want their governments to legalize crypto. The number of respondents was 3,000, and the result showed that 37% want a legalized bitcoin and other cryptos for transactions. Another aspect of the survey looked at the support for CBDC. The result also showed…

Lightning Network Startup Mash Raises $6M Seed Round

Castle Island Ventures and Whitecap Venture Partners co-led the seed funding round. Other notable investors included Maple VC, Strategic Cyber Ventures, Aquanow, Spacecadet Ventures, and several angel investors, including Amjad Masad, Balaji Srinivasan, Austin Hill, John Pfeffer and Dean Skurka, according to a press release. Source

โ€˜Bitcoin-thematicโ€™ ETF lists on Italian stock exchange Borsa Italiana

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The Italian Stock Exchange, Borsa Italiana, this morning listed a โ€œBitcoin (BTC)-thematicโ€ exchange-traded fund (ETF) by Melanion Capital, bringing Bitcoin exposure to Italian institutions and retirement plans. Cyril Sabbagh, managing director at Melanion Capital told Cointelegraph, “the Melanion BTC Equities Universe UCITS ETF is an equity ETF around stocks in the crypto ecosystem.โ€ Sabbagh explained that the ETF would be โ€œaccessible to as many people as possible.โ€ โ€œThe Italian Stock Exchange (Borsa Italiana) has not accepted any โ€˜spot ETFsโ€™ but welcomes our thematic ETF!โ€ Following the successful launch of a…