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π You've heard about Netflix and chill, how about crypto and shill?πΊ
π You've heard about Netflix and chill, how about crypto and shill?πΊ
Keep calm and HODL, Geckos! Bitcoin (BTC) had a rocky start in the second week of 2020 when the entire crypto market experienced an average price correction of -20%. After reaching an all-time-high of $41.9K just last week, the BTC price crashed as low as $30,538. More than $10K was shed off from the recent all time high price but institutional investors remained unfazed by the minor correction. In today's news, a crypto project founder was punished for fraud, a TV drama about Bitcoin is in the works, and crypto mining firms can start using their machines as collateral. Read on! | | |
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| | | There are a few crypto trading apps on the market right now, but almost none of them provide the types of features that eToro does. Price charts, stats, news, and more; plus, you get access to 16 of the world's most popular cryptocurrencies. For everything you need to trade and trade well, go for eToro.
Discover why millions use eToro to trade crypto. Join today.
75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | | Gemcoin Founder Sentenced To Jail Steven Chen, founder of Gemcoin has pleaded guilty to scamming over 70,000 investors from 2013 through 2015 with the fraudulent sale of "gem coins". He was found guilty of tax evasion and money wiring fraud, resulting in a mandatory minimum 10-year sentence. Chen's sentencing has been determined but his case is not entirely over. The judge scheduled a restitution hearing for July to discuss making Chen's victim investors whole. CoinDesk | | A TV Drama About Bitcoin Bitcoin has experienced more than a decade long of highs and lows to establish itself as a legitimate asset class and that's what TV writers are looking for. A Korean writer will be introducing "Pumping Time", featuring characters who have lost money through ICO scams, Ponzi schemes and fraudulent trading. The plan is to release a total of 10 seasons and each season will include 20 episodes of 30 minutes , with the first series scheduled to begin in May. CoinTelegraph | | Innovative Financing Programs For Crypto Miners Babel Finance is letting bitcoin mining firms use their machines as loan collateral for more favorable financing terms. These loans allow crypto miners to cover expenses like paying electricity bills or purchasing new equipment while giving up less BTC or ETH. The financial program was launched in June 2020 and has since accumulated $22 million worth of machine-backed loans. CoinDesk |
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| | | | MainnetIt is the main network of Bitcoin, where the transactions of this cryptocurrency are registered and take place. The bitcoins of the mainnet are those that have real value. Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free. DeFi applications cover many use cases and a few popular ones are stablecoins, lending/borrowing and trading (decentralized excanges). By removing the middleman in systems, DeFi applications are able to achieve a better rate of returns for its users, while lowering barrier of entry as the application does not discriminate or censor any particular party from joinLearn about other Crypto terms here | | | |
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