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Topics - seje

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16
Meitu loses $17.3M on Bitcoin, gains $14.7M on Ether


Hong Kong tech company Meitu has taken a $17.3 million hit on its Bitcoin (BTC) holdings — but on the upside, its Ether (ETH) holdings have gained $14.7 million.

The developer of popular Photoshop-style apps spent a total of $100 million on BTC and ETH between March and April this year, acquiring a total of 940.89 BTC for $49.5 million, and 31,000 ETH for $50.5 million.

According to a June 6 voluntary announcement from Meitu, the fair value of its BTC and ETH holdings is based on the market prices as of June 30, which is the final day of the firm's six-month interim results, in accordance with International Financial Reporting Standards.

As of the end of the second quarter on June 30, Meitu’s BTC holdings represented $32.2 million and its ETH represented $65.2 million, marking an overall $2.6 million decrease from its initial $100 million investment.

The firm accounts crypto-assets as “intangible assets under the cost model” in the interim results, and the BTC loss is expected to be recognized as “impairment loss”, while the ETH gains will not be recognized as “revaluation gain” until such time as it is sold.

The interim results have not changed the firm's bullish sentiments towards crypto, with the announcement reiterating:

“The Board believes that the blockchain industry is still in its early stage and that cryptocurrencies have ample room for appreciation in value over the long-term.”
The report stated that due to the firm's long-term view “there are currently no plans to sell the same in the near future.”

Interestingly, the firm also provided an updated fair value of its ETH and BTC holdings as of July 6, which reveals an overall $5.2 million gain on its initial investment, with ETH representing $72.4 million, and BTC up slightly to $32.8 million.

https://cointelegraph.com/news/meitu-loses-17-3m-on-bitcoin-gains-14-7m-on-ether

17
Crypto Wallet Recovery Service KeychainX Can Save Your Bitcoin

Whenever the prices of digital assets skyrocket, social media gets flooded with stories of people that could be millionaires now but forgot the keys to wallets they opened a few years before. But if this happened to you, don’t lose hope, cryptocurrency wallet recovery service KeychainX can save your money.

Your Wallet With a Forgotten Password Is Not Lost Yet
KeychainX is a bitcoin wallet recovery service operating since 2017. In the last 6 months alone, the company recovered wallet keys for about 100 clients from all over the world and you can see some of their raving reviews on Trustpilot where KeychainX has an almost perfect 4.9 ‘Excellent’ score.

The service covers all kinds of situations such as recovering lost Bitcoin wallets from wallet.dat files, Dogecoin wallet passwords, blockchain second or first passwords, Android wallet or spending PIN, Ethereum from JSON files, and Ethereum presale wallets. KeychainX can even decrypt your blockchain.info 15,17,19 or 21 word mnemonic seed that is no longer supported by blockchain.com itself.

This means that as long as you have more than just the public key for a wallet, there is a chance to unlock it. So if you have a cryptocurrency wallet which you can’t access the funds in for any reason, make sure to give KeychainX a try right now and avoid being just another anecdote about someone that lost their fortune due to misfortune. You don’t want to tell your children one day after bitcoin reaches one million dollars that you lost the keys and didn’t do anything about it.

Brute Force and Smart Algorithms
The company shares some of the stories of its successes on Medium that show the varied capabilities needed for this line of business. For example, KeychainX recently shared how it recovered a Dogecoin wallet worth over $3 million for a retired truck driver that purchased the coins back in 2015 for about $1500. The client forgot his PIN number and only had a few hints to share with the team such as his birthday and so on. Trying to check all possible 12 digits combinations that the client thought was the length of the PIN using brute force alone would have taken more than a lifetime, but KeychainX developed a custom smart algorithm based on his hints that unlocked the wallet in no time.

Another interesting KeychainX success story shows how it recovered an old blockchain.info wallet with more than a 12 words story mnemonic seed – something many people mistakenly think is impossible. The client only remembered 17 words out of his mnemonic seed which was used to backup the wallet, and the team had to use a combination of brute force and a lot of “source code archeology” to recover the funds from the no longer supported wallet. The story also shows the lengths that KeychainX is willing to go to for its clients and the sheer spark of genius that is sometimes needed in the search for these lost fortunes.

To learn more about the company visit KeychainX.io or just send an email to [email protected] if you need to talk about password recovery.


https://news.bitcoin.com/crypto-wallet-recovery-service-keychainx-can-save-your-bitcoin/

18
Bitcoin miner revenue jumps by 50% in 4 days since record difficulty drop


Bitcoin (BTC) miner revenue jumped after the network saw its biggest-ever difficulty drop, data shows.

According to figures from monitoring resource Blockchain.com, daily revenues have surged by over 50%.

“Interesting dynamic” hits Bitcoin mining
Bitcoin mining is currently in a unique state of flux — around half of the hashing power is offline as miners relocate from China, and it remains unknown how quickly they will be able to come back online.

At the same time, those miners unaffected by the Chinese rout have seen half their competitors disappear overnight, and profitability has gone up as a result.

With data now coming in for the past few weeks, the scale of the changes is plain to see. Daily mining revenue was around $20.7 million on Friday, the day before the difficulty adjustment. A day later, it hit $29.3 million, and by Tuesday this week — $31.9 million.



https://cointelegraph.com/news/bitcoin-miner-revenue-jumps-by-50-in-4-days-since-record-difficulty-drop

19
Kripto Para Haber / Grayscale, GDLC fonuna Cardano'yu ekledi
« on: July 06, 2021, 11:16:20 AM »
Grayscale, GDLC fonuna Cardano'yu ekledi


Grayscale Investments, Digital Large Cap Fonu'na (GDLC) Cardano'nun (ADA) eklendiğini duyurdu.

Fonun portföyü, kripto yatırımlara olan artan talebi yansıtır bir şekilde, mevcut bileşenlerinin itibari para karşılığında satılması ve ADA'ya yatırılması ile yeniden düzenlendi.

1 Temmuz 2021 itibarıyla her bir GDLC hissesi, yüzde 67,47 oranında Bitcoin (BTC), yüzde 25,39 Ether (ETH), yüzde 4,26 ADA ve yüzde 2,88 oranında Bitcoin Cash (BCH), Litecoin (LTC) ve Chainlink'ten (LINK) oluşuyor.

Grayscale, 6 Nisan 2021'de de benzer bir strateji uygulayarak mevcut bileşenlerini satmış ve portföyün şu anda yüzde 0,86'sını oluşturan LINK'i dahil etmişti. Bitcoin'in domine ettiği GDLC sepetinde ADA, Ether'in ardından en büyük üçüncü orana sahip token konumunda yer alıyor.

Duyurunun ardından ADA, üç gün içerisinde yüzde 9,02 değer kazandı ve 1,45 dolardan 1,33 dolara yükseldi.

Cardano, 27 Mayıs'ta ilk Alonzo akıllı sözleşme testnet'inin başlatılması nedeniyle de değer kazanıyor olabilir. Yatırımcılar, pasif gelir elde etmek amacıyla 2.665 havuzda neredeyse 31 milyar dolar değerinde ADA stake etti.



https://tr.cointelegraph.com/news/grayscale-adds-cardano-to-digital-large-cap-fund-after-rebalancing

20
Denetim devi EY, Ethereum ölçeklenme çözümü yayınladı

Ernest & Young (EY), açık blockchain'lerde daha ucuza güvenli ve gizli işlem yapmayı teşvik etmek amacıyla Nightfall 3'yi yayınladı.

Şirket, 1 Temmuz'da yaptığı duyuruda Nightfall 3'nin Ethereum üzerindeki işlem verimliliğini artırmak için sıfır bilgi ispatını optimistic rollup'lar (zk-Optimistic Rollup) ile birleştirdiğini açıkladı.

Zk-Rollup, Ethereum gibi ağlarda ölçeklenebilirliği sağlamak amacıyla geliştirilen ikinci katman (layer 2) çözümlerinden biridir ve bir grup işlemi tek işlemde toplayan bir süreç kullanır.

EY, ilk kez Nisan 2019'da sıfır bilgi ispatlarına katkıda bulunmuştu. EY ekibi, Nightfall 3'nin ise Ethereum işlemlerini özel olarak yönetme amacı taşıyan araçlardan oluştuğunu açıkladı.

Nightfall 3, iddiaya göre sıfır bilgi işlemlerini optimistic rollup'lara dönüştürüyor ve işlemleri doğrularken tüm düğümlere duyulan ihtiyacı ortadan kaldırıyor.

Geçerli olmayan bloklara karşı çıkan düğümlerin ödüllendirilmesi, blockchain'e yalnızca geçerli işlemlerin ekleneceğini garanti ediyor. EY ekibi, Nightfall 3'nin işlem verimliliğinin artırılması ve gas ücretinin azaltılmasında önemli bir iyileştirme olduğunu açıkladı.

ZK-Rollup çözümündeki iyileştirmelerden bahseden EY Küresel Blockchain Başkanı Paul Brody, protokolün Ethereum ağındaki özel işlemler için en iyi matematiksel verimlilik ve gizlilik dengesini sunduğunu ileri sürdü.

Duyuruya göre Nightfall 3’nin zk-Optimistic Rollup çözümü, açık ERC-20 token transferlerine kıyasla gas ücretini yüzde 90'a kadar düşürebiliyor.

Brody, EY'nin Nightfall 3'yi kamuya açık yayınlayarak, teknolojinin kurumsal yaygınlık kazanmasını hızlandırmak için üzerine düşeni yaptığını açıkladı.

https://tr.cointelegraph.com/news/ey-publishes-ethereum-scaling-solution-to-the-public-domain

21
Bitcoin News & Updates / 8,000 BTC Belonging to Mirror Trading...
« on: July 05, 2021, 04:31:39 PM »
8,000 BTC Belonging to Mirror Trading International Traced, Investors Urged to Lodge Claims

A total of 8,000 bitcoins belonging to Mirror Trading International (MTI) have been traced while an additional 29,000 bitcoins could soon meet a similar fate. The traced coins, which are valued at over $280 million (4 billion rand), represent a potential breakthrough for beleaguered MTI investors.

Liquidators Want Court to Declare MTI a Ponzi Scheme
The latest revelations came shortly after the granting of a final liquidation order against MTI by a South African court. Before this announcement, liquidators of the Ponzi scheme had only recovered 1,281 bitcoins that were surrendered to liquidators by MTI’s previous broker, FX Choice. As previously reported by Bitcoin.com News, the 1,281 bitcoins were ultimately sold and more than $70 million was raised from the sale.

However, as a Moneyweb report explains, liquidators intend to argue in favour of having MTI declared a Ponzi Scheme on their return to court on September 8. This declaration, according to the report, makes it “easier to chase down funds the liquidators believe rightfully belong to the insolvent estate.” The report also notes that those opposed to the declaration have until August 31 to file their replying affidavits.


https://news.bitcoin.com/8000-btc-belonging-to-mirror-trading-international-traced-investors-urged-to-lodge-claims/

22
DeFi ölü toprağını atıyor: SNX ve GRT 24 saatte %15'e yakın yükseldi

Merkeziyetsiz finans (DeFi) ekosistemine ait günlük verileri sizlerle paylaşıyoruz.

5 Temmuz 2021 Pazartesi günü itibarıyla DeFi Pulse verileri, merkeziyetsiz finans ekosistemindeki toplam kilitlenmiş varlık miktarını 55,35 milyar dolar şeklinde gösteriyor.

CoinGecko verilerine göre, DeFi protokollerinin toplam piyasa değeri ise 72,50 milyar dolar olarak hesaplanıyor.

5 Temmuz 2021 Pazartesi sabahı itibarıyla son 24 saatte en çok değerlenen DeFi protokolü yüzde 15,8 ile Synthetix Network Token (SNX) oldu. Protokolün toplam piyasa değeri 1.346.793.876 dolara ulaşırken, 1 Synthetix Network Token (SNX) 8,52 dolardan el değiştirmeye başladı.

24 saatte en çok değerlenen ikinci protokol ise yüzde 13,4 artış ile The Graph (GRT) olarak kayda geçti. The Graph (GRT) 0,778937 dolardan işlem görüyor. Yüzde 8,8 oranında yükselen DFI.money (YFII) protokolü 2.149,31 dolar seviyesinde.

Paylaşılan verilere göre, yüzde 8,3 oranında yükseliş yakalayan Rari Governance Token (RGT) 8,00 dolar ve hemen ardından yüzde 8,2 artan Compound (COMP) protokolü ise 426,34 dolar üzerinden işlem görüyor.

https://tr.cointelegraph.com/news/7-5-2021-the-decentralized-finance-defi-leaderboard

23
Ether fiyatı, son iki haftanın en yüksek seviyesini gördü


Ether’in (ETH) cuma günü vadesi dolan 230 milyon dolarlık opsiyon sözleşmesi, piyasa duyarlılığını en azından anlık olarak boğaların lehine çevirmiş gibi gözüküyor. Yatırımcılar, yaklaşan London hard fork'u ve Bitcoin'in (BTC) dip yapmış olma olasılığına da olumlu yaklaşıyorlar.

ETH fiyat güncellemesi
ETH fiyatı, Cointelegraph Piyasalar Pro verilerine göre pazar günü yüzde 6,5'ten fazla yükselerek 2.370 dolara ulaştı ve son iki haftanın en yüksek seviyesini görmüş oldu. Hafta sonu tipik olarak düşük kalan işlem hacmi ise 18 milyar doların hemen üzerinde ölçüldü.

Ether'in piyasa değeri, çeviri yayın saati kuru olan 2.268 dolar ile 264 milyar dolar ediyor.

Çoğunluğu Ethereum üzerinde inşa edilen DeFi piyasası da pazar günü genel anlamda yüzde 9 değer kazandı. Piyasanın toplam değeri, Coingecko verilerine göre çeviri yayın saati itibarıyla 73 milyar dolar ediyor.

Bitcoin de pazar günü yüzde 2,6 yükseliş ile 35.600 doları aşsa da, kripto para çeviri yayın saati itibarıyla 34.177 dolara geriledi.

Boğalar ve ayılar arasındaki mücadele, geçtiğimiz ay opsiyon piyasasında da gözlenebiliyordu ve her iki taraf da cuma gününe doğru fiyatta yüksek dalgalanma bekliyordu. Kripto paranın 2.200 dolara yaklaşmasının ardından alım ve satım opsiyonlarının oranı, boğaların liderliği eline geçirdiğini gösteriyor.

London hard fork'u yaklaşıyor
Ethereum’un EIP-1559 güncellemesini içeren London hard fork'u, 24 Haziran'da Ropsten testnet üzerinde başlatıldı ve mainnet'in temmuz ayında tamamen başlatılması için zemin hazırladı.

Hard fork'un hisse ispatı mutabakatına geçiş ve dolaşımda olan token sayısını azaltacak yeni "nadirlik" özelliği gibi güncellemeler sayesinde Ether'in değerine olumlu etkide bulunması bekleniyor.

Analistler, hard fork'un tamamlanmasına doğru yatırımcıların Ether pozisyonlarını artırmasını bekliyor. Zincir üstü veriler, Ethereum'un geçtiğimiz hafta 750 binin üzerinde aktif adres sayısına ulaşarak Bitcoin'i önemli ölçüde geride bırakması nedeniyle bunun şimdiden gerçekleşmeye başladığına işaret ediyor.

Verileri sağlayan şirket Santiment, aktif adres sayısındaki değişimi "tarihi" olarak tanımladı.



https://tr.cointelegraph.com/news/ether-price-hits-2-week-high-as-london-hard-fork-momentum-builds

24
Bitcoin mining difficulty just fell by a record 28% — But will this help BTC price recover?


Bitcoin (BTC) has recorded its biggest mining difficulty drop of nearly 28% on July 3, but one model suggests that the BTC price will not bottom until October.

In a series of tweets on July 2, investment manager Timothy Peterson flagged the relationship between Bitcoin price and hash rate as arguable evidence that the dip is not over.


Hash rate model: Long road ahead to Bitcoin bottom
Bitcoin mining difficulty dropped by an estimated 27.94% on Saturday at block height 689,472, the biggest in its history.

As Cointelegraph previously explained, the drop is in response to the ongoing miner migration out of China and the subsequent loss of hash rate.

For miners still at work, the decrease will be something of a profit boost — difficulty automatically accounts for changes in hash rate, making it more attractive to mine when it drops.

Miners in flux are not expected to return to their craft completely for several months. In that time, difficulty will likely increase again as hash rate goes up — more competition and more power competing for the same set reward.

It is a classic mantra among Bitcoiners that “price follows hash rate” — but if that is true, one model charting the phenomenon is painting a sobering picture of future price behavior.

Peterson noted that the relationship between price and hash rate is “useful” when it comes to marking macro price tops.

An accompanying chart shows spikes in 2013 and 2017, corresponding to tops which held for an entire four-year halving cycle.

2021 looks similar, but since the May capitulation, the relationship has been trending towards 1 — the point at which the Bitcoin price should have fully “corrected.”

“Based on the current trend in P(h), this bubble would finish collapsing by 31 October,” Peterson summarized.

“The ratio includes any combination of a higher hash rate and lower price. So increasing hash rate and stable price also resolves the bubble.”



https://cointelegraph.com/news/bitcoin-mining-difficulty-just-fell-by-a-record-28-but-will-this-help-btc-price-recover

25
Softbank Invests $200 Million in Brazilian Crypto Trading Platform Mercado Bitcoin

The multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions. The Softbank Latin America Fund revealed on Thursday that it invested $200 million in the crypto-asset exchange Mercado Bitcoin.

Mercado Bitcoin’s $200M Capital Raise: Softbank Funds One of the largest Series B funding rounds in LATM
The Softbank Latin America Fund has invested in Mercado Bitcoin’s parent company 2TM Group. The announcement highlights that it is one of the largest Series B funding rounds in Latin America and Softbank’s largest crypto investment in the Latin American continent. The investment brings 2TM Group’s unicorn status to $2.1 billion and the eighth-most valuable fintech firm in Latin America.

Mercado Bitcoin aims to leverage the financing to continue scaling operations and invest in more infrastructure. The company’s announcement emphasizes that over the last 12 months, Mercado Bitcoin has gathered 2.8 million clients. “Between January and May 2021, approximately 700,000 new customers signed up to use Mercado Bitcoin’s services,” the company’s announcement detailed. Additionally, Mercado Bitcoin’s trade volume in 2021 has seen massive growth as well “surpassing the total for its first seven years combined.”

“Mercado Bitcoin has become a global leader in the cryptocurrency space. We’ve been impressed by 2TM Group’s understanding of the Brazilian ecosystem, as well as their contribution to the evolving regulatory framework in Brazil,” Marcelo Claure, CEO of Softbank Group International and COO of Softbank Group said in a statement. The Softbank executive further added:

Cryptocurrencies have incredible potential in Latin America. We believe winning in Brazil is critical for 2TM Group and are excited to take part in this incredible journey.



https://news.bitcoin.com/softbank-invests-200-million-in-brazilian-crypto-trading-platform-mercado-bitcoin/


26
Bitcoin’s active addresses fall below Ethereum's after 60% drop in six weeks


The number of addresses active on the Bitcoin network has crashed roughly 60% in the past six weeks from 1.3 million to roughly 500,000.

The collapse in activity has seen Ethereum overtake Bitcoin by number of active addresses, with the Ethereum network hosting roughly 200,000 more active wallets than Bitcoin on July 27.

It is the third time this month, with Ethereum also having overtaken Bitcoin by the metric June 5, 2021, and June 6, 2021. The previous time ETH was in the lead was at the beginning of 2017.

Twitter analyst, Mr. Whale — known for his bearish takes — also noted that Bitcoin’s active addresses have fallen to their lowest level since April 2020 based on a weekly moving average.


https://cointelegraph.com/news/bitcoin-s-active-addresses-fall-below-ethereum-s-after-60-drop-in-six-weeks

27
Popüler analist: "Zincir üstü Bitcoin göstergeleri iyileşmeye işaret ediyor"

Bitcoin analisti Willy Woo, zincir üstü göstergelerin iyileşme sinyali vermesi ve kripto paranın hala uzun vadeli yatırımcılar tarafından satın alınması nedeniyle ayı piyasasında olduğumuzu düşünmüyor.

Popüler analist, 28 Haziran'da katıldığı “What Bitcoin Did” podcast'inde gerçekleştirdiği röportaj sırasında söz konusu açıklamayı yaptı. Woo, zincir üstündeki birikim işaretleri nedeniyle Bitcoin'in tipik bir ayı piyasasında olduğunu düşünmüyor.

İngiliz pop şarkıcısı Rick Astley'nin 1980 tarihli hit şarkısı “Never Gonna Give You Up”a atıfta bulunan Woo, şöyle belirtti:

“ ‘Rick Astley’, sürekli alım yapan ve pek satma eğilimli göstermeyen yatırımcıdır. Rick, 2021 boyunca çok aktifti ve daha sonra birden tüm kripto paralar, Rick'ten alım ve satım yapan spekülatif yatırımcılar olan zayıf ellere aktarıldı. Şimdi ise bu varlıkların yeniden Rick'e aktarıldığını görüyoruz.”
Analist, mevcut durumda spekülatif bir aşamada olduğumuzu ve geçtiğimiz aylarda satılan kripto paraların yeniden uzun vadeli yatırımcıların eline geçtiğini açıkladı.

Podcast sunucusu Peter McCormack ise henüz hiç kripto satmadığını ve piyasaya hala güvenle baktığını belirtti.

Mevcut Bitcoin fiyat grafiğini analiz eden Woo, ardındaki yapının tamamen farklı olmasından dolayı, şimdiki döngünün daha önce gördüklerimize hiç benzemediğini söyledi:

“Fiyat mevcut durumda yatay seyrediyor ve Wyckoff'un birikim döngüsüne benziyor. Durum böyleyse, 28-29 bin dolara doğru son bir gerileme yaşayabilir ve dip fiyatı son kez test edebiliriz. Zincir üstü tüm göstergeler, iyileşmeye işaret ediyor.”
Analiz kaynağı Santiment de benzer veriler paylaştı ve borsalardaki BTC arzının sürekli olarak azaldığına değindi.

https://tr.cointelegraph.com/news/willy-woo-rick-astley-hodlers-a-key-force-again-and-on-chain-signals-suggest-recovery

28
Bitcoin bulls must now defend $33K support after 5% daily loss

No price breakout for Bitcoin
Data from Cointelegraph Markets Pro and TradingView tracked a 5% decline in BTC/USD overnight on Wednesday.

As Cointelegraph reported, eyes are now on an area between $32,300 and $33,000 to provide a floor. On Thursday, popular trader Michaël van de Poppe reiterated the need for that zone to hold.

The pair had reversed after reaching nearly $36,700, erasing most of the gains it had sealed in a run-up which began at the weekend.

"Would be nice if Bitcoin creates a higher low here & flips $33K for support to sustain the momentum," he said in his latest Twitter update.

Exchange orderbook data broadly supported the thesis, with buyer interest lined up at an area around $32,000. $37,000 seller resistance remained intact on Binance.

https://cointelegraph.com/news/bitcoin-bulls-must-now-defend-33k-support-after-5-daily-loss

29
Celsius users to receive yield from its $200M Bitcoin mining investment

Alex Mashinsky, the CEO of centralized crypto money market Celsius, has revealed that a share of profits from the company's recent $200 million investment into Bitcoin mining infrastructure will be redistributed back to depositors.

Speaking to Cointelegraph, Mashinsky stated the firm's mining expansion has added a fifth stream of yield generation for its crypto depositors — alongside lending funds to institutional investors, leveraging DeFi protocols, retail lending, and market making on centralized exchanges.

In early June, Celsius announced it had invested more than $200 million into North American Bitcoin mining infrastructure and positions in Core Scientific, Rhodium Enterprises and Luxor Technologies.

“A big chunk of our community owns Bitcoin and they want to be paid in Bitcoin,” he said, adding: “So, there's nothing better than building a factory that makes Bitcoin.”

“By creating a mining business we are guaranteeing that we can pay our community what we owe them, which is interest in Bitcoin.”
Celsius was founded by the serial entrepreneur in 2017, with the platform offering yield on deposits for more than 40 digital assets including Bitcoin, Ethereum, and stablecoins.

Celsius’ mining expansion comes as Mashinsky notes Bitcoin yields are shrinking amid the growth of DeFi, with numerous protocols offering interest in the form of BTC on Bitcoin deposits. Celsius doesn’t charge any management fees from users, but instead takes 20% or more of the profits generated.

The company is not alone looking to invest in North America’s mining sector, with analysts expecting the continent will see an influx of miners who have been dislocated by China’s recent crackdown on the sector.

Mashinsky is unsurprised by China’s regulatory moves, characterizing the clampdown as a move to eliminate competition and protect its emerging central bank digital currency (CBDC).

Ultimately, Celsius’ CEO argues the Chinese miner exodus will prove to be beneficial for the decentralization of the Bitcoin network, stating:

“Moving a lot of the miners out of China is definitely helping Bitcoin get decentralized even more. So it's a good thing for Bitcoin, just not necessarily a good thing for the citizens of China.”
Related:  Cointelgraph Magazine — The adventures of the inventive Alex Mashinsky

The CEO has bullish expectations of Bitcoin’s price for the rest of the year, asserting that the price will tag heights of “anywhere between $140,000 and $160,000.”

However, he believes the markets will peak before 2022, asserting Bitcoin will “close the year below $100,000” after sellers step in to take profits in the six-figure price range.

https://cointelegraph.com/news/celsius-users-to-receive-yield-from-its-200m-bitcoin-mining-investment

30
Mysterious Bitcoin Maximalist Mircea Popescu Allegedly Found Dead

Mpex founder and Bitcoin evangelist Mircea Popescu reportedly drowned off the coast of Costa Rica, adding to the mystery surrounding the man, his purported bitcoin fortune, and what it might mean for the future of the network.

Father of “Bitcoin Toxicity” Faced No Shortage of Controversy
Just like the pseudonymous Satoshi Nakamato sparked a thrilling hunt for the true identity of the person or persons behind Bitcoin, the network has reportedly lost one of its most enigmatic and polarizing figures of the last decade.

Mircea Popescu, a Romanian national and noted Bitcoin maximalist who promised to dump over one million bitcoins if block sizes were adjusted, supposedly drowned off the coast of Costa Rica on June 23rd. Confirmation of his passing has been scant, with outlets originally reporting that a Polish national had drowned.

A relatively mysterious figure within the community, little is known about Popescu apart from his blogging on Trilema, support for security-focused open-source projects, and dedication to keeping the Bitcoin network unchanged despite calls for bigger block sizes.

After blogging on cryptocurrency in its early years, he founded bitcoin exchange Mpex in 2012, which later became the target of a US Securities and Exchange Commission (SEC) investigation. Satoshi DICE, a popular gambling website that only accepted bitcoin, was listed on Romanian-based Mpex by Eric Voorhees.

Eventually, the listing became a part of the SEC investigation after the offering was not approved by the regulator. Voorhees was later fined and forced to buy back the shares that were listed. During the situation, Popescu was famed for trolling the SEC, going so far as to post his correspondence with the enforcement team in his Trilema blog. His eccentricity was on full display as he set out to dismantle the SEC’s requests and lay bare the holes in their arguments for information about Mpex and client activities.

https://news.bitcoin.com/mysterious-bitcoin-maximalist-mircea-popescu-allegedly-found-dead/

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