Most of the cryptocurrencies from the top 10 of the CoinMarketCap resource capitalization ranking end the week with positive movement. Bitcoin is trading at $ 11.5k. During the day, the asset rate has grown by more than 1%. The best result of positive movement was recorded by Chainlink – 5%. Binance Coin suffered the most over the past day, its price fell by 1%.

Chinese miners began to disconnect from cheap electricity
Miners from Inner Mongolia have lost access to subsidies.

More than 20 Chinese mining farms in the Chinese Autonomous Region of Inner Mongolia have lost their sources of preferential electricity due to a new government decree. Information about this appeared in the local media.
Due to the loss of subsidies, the cost of mining for the affected organizations has increased significantly. As a result, the mining of cryptocurrency in the region has become significantly less profitable.
Chinese miners without subsidies

US Department of Justice asked court to seize cryptocurrency from wallets of North Korean hackers
The wallets indicated in the lawsuit, according to the Ministry, participated in the laundering of money obtained by illegal means.

The wallets mentioned in the lawsuit allegedly participated in money laundering, which hackers took possession of during two attacks that occurred in 2019. The first attack took place in July: criminals then stole more than $ 272 thousand in such little-known altokines as Olive,

Wirecard accounts for € 26 million – the company owes creditors € 3.2 billion
Wirecard on its own is able to close only 1% of debt to creditors.

Wirecard bankruptcy administrator Michael Jaffe has filed a preliminary insolvency report for the German fintech company with the Munich District Court. According to the Handelsblatt newspaper, while Wirecard owes its creditors € 3.2 billion, it has only € 26 million in its accounts.
In his report, Jaffe paints a truly frightening picture: Wirecard has virtually no cash of its own, no short-term assets, and no receivables to sell.
Wirecard can cover 1% of debt

Bitcoin undervalued 45 times – Winklevoss Capital
The Winklevoss Capital team believes that Bitcoin will gobble up gold and provide the only long-term inflation hedge.

Gemini Exchange co-founder and CEO, Tyler Winklevoss, has released a report that includes a statement on the future value of Bitcoin at $ 500,000.
The report, released by Winklevoss Capital, begins by explaining that gold, oil and the US dollar have been reliable store of value. However, times are changing and they are no longer as reliable as they used to be. Hence, Bitcoin is ultimately the only long-term inflation hedge.
Opinion: the future of bitcoin Pay Now allows CRO payments from any ERC-20 wallet
This will allow merchants to expand their reach to 30 million crypto wallets. announced that Pay – the company’s payment solution for online merchants – will now support CRO payments from any ERC-20 wallet. This evolution of Pay will help merchants expand their reach by giving customers more wallet options to conduct CROs and increase transaction volume. Pay supports CRO payments

Voyager Digital Announces Expansion of Crypto Interest Program
New Higher Interest Rates For USDC, Bitcoin And Ethereum

Voyager Digital Ltd., announced the expansion of its Crypto Interest Program, making it the leading cryptocurrency agency for trading and gaining interest in a wide variety of countries. Recently announced interest rates put Voyager at the top of the market for the three most liquid coins: BTC, ETH, and USDC.

Japanese financial giant SBI Holdings launches short-term cryptocurrency derivatives
The contracts already in existence on its SBI FX Trade forex trading platform are in Bitcoin, Ether and XRP variants.

The firm said in a statement on Friday that traders can mix cryptoassets with both the US dollar and the yen, which means there are six CFD options in total.
Orders can be placed from 15 yen up to a maximum open position of 500 bitcoins for the BTC / JPY pair.

Banks in Mexico pose a greater risk of money laundering than crypto firms, says report
Commercial banks pose the highest money laundering risk in Mexico compared to cryptocurrency companies.

The study singles out the so-called G7 banking group, which includes BBVA, Santander, Citibanamex, Banorte, HSBC, Scotiabank and Inbursa, as the largest illegal money channels in the South American country.
The G7 Banking Group controls 80% of the assets of Mexico’s financial sector. However, Mexico’s second National Risk Assessment did not report on potential money laundering losses associated with banks.
Money laundering by banks in Mexico




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