The case involves 2,233 Whatsminer machines that were improperly imported, according to the government. Source
Argentina's Customs Office Seizes $21M in Crypto Mining Equipment
Month: June 2022
Why Crypto Is “Likely To Dump” As It Lags The S&P 500, Expert Says
Bitcoin remains stuck at its current levels. The number one cryptocurrency has been unable to push upwards and could be in danger of revisiting its yearly lows. Related Reading | Outflows Rock Bitcoin As Institutional Investors Pull The Plug, More Downside Coming? At the time of writing, Bitcoin trades at $20,700 with sideways movement in the last 24 hours and the past week. BTC’s price moving sideways on the 4-hour chart. Source: BTCUSD Tradingview According to crypto analyst Justin Bennett, Bitcoin is hinting at further losses. The cryptocurrency stayed rangebound even…
New York Community Bank to Hold Assets Backing Circle’s USDC
“By partnering with NYCB, we are opening up new pathways for community banks and MDIs across the country to be key participants in the fast growing digital assets market,” Dante Disparte, Circle’s chief strategy officer and head of global policy, said in the statement, referring to minority depositary institutions. Source
Outflows Rock Bitcoin As Institutional Investors Pull The Plug, More Downside Coming?
Outflows have been the order of the day since the price of cryptocurrencies such as Bitcoin had begun to crash. The same sentiment had spread through individual as well as institutional investors, leading to massive sell-offs in the space. Despite the price of bitcoin recovering in recent times, it seems that the sellers are not done just yet as outflows had ramped up over the last week. $453 Million Leaves Bitcoin Bitcoin had been seeing a reversal trend with inflows coming in for the prior week. However, this has only…
Bank of America Affirms investor interest hasn’t been frozen despite concerns about the crypto winter.
According to research released by Bank of America (BAC) on Tuesday, following its Web3 & Digital Assets Day Conference last week, investor interest in the industry has not been affected by worries of a so-called “crypto winter.” According to the report, discussions with some of the 160 clients who attended the event made it evident that “blockchain technology and the digital asset ecosystem are here to stay,” and the bank is still enthusiastic about the adoption of digital assets by the general public. The bank stated that while recent market…
How crypto is attracting some institutional investors — Huobi Global sales head
James Hume, head of sales at Huobi Global, said that while some institutional investors have gotten “cold feet” over crypto, many with billions of dollars are exploring the space. Speaking to Cointelegraph at the European Blockchain Convention on Tuesday, Hume said that the crypto exchange had observed increasing interest from institutional investors within the last one to two years in entering the digital asset space. According to Hume, it took a long time for certain firms and hedge funds to “build teams, raise capital and understand the infrastructure” to participate…
4 Tips for Supporting Distributed Offices, From a Web3 Founder
Due to the flexibility it offers, I imagine the future of work will move further toward the Web3 model, and this will require leaders to make conscious decisions to foster community and connection with teams. Loneliness is a complex emotion, and whether the work vehicle looks like a project, DAO, or more traditional company, the Web3 values of openness, community and autonomy make for a very strong foundation for continuing to tackle this issue. Source
Cathie Wood – "They Are WORKING On Making Bitcoin ILLEGAL… " | Bitcoin News |Crypto Currencies ($)
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cathie Wood – “They Are WORKING On Making Bitcoin ILLEGAL… ” | Bitcoin News | Crypto Currencies ($) Cathie Wood is an American entrepreneur and part of Ark Invest Foundations. She is one of the most well-known figures in the Bitcoin community, and in the news today. She knows everything there is to know about the current investment cycle, and investing wisely. If you like Cathie Wood’s perspective in this interview on all the Investment news today, please give it a thumbs…
Celsius Stories Littered With ‘People Familiar With the Matter’ Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy – Bitcoin News
The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius users are wondering why they are still receiving weekly rewards, and reportedly the company’s management has been arguing with its lawyers over whether or not the business should file for Chapter 11 bankruptcy. However, most of the Celsius articles these days are quoting ‘people familiar with the matter,’ and ultimately these sources cannot be verified. Celsius Customer Says It Is…
Cryptocurrency Wallet App Development – An All-Inclusive Guide
The first-ever decentralized cryptocurrency is Bitcoin which was launched in 2009 and with the passing years, there have been many cryptocurrencies emerged. As of February 2022, nearly 10,000 cryptocurrencies are in prevalence, according to Statista. The prominence of crypto has paved the way for newbies to take a plunge into the global crypto market, which will be worth USD 2302.5 million by 2028. Buying & selling cryptocurrencies have become so common and so the crypto wallet takes up its space, playing a significant part. Here’s the blog about cryptocurrency wallet…