(I.e.The payment card issuer Wirecard The bankrupt company filed for bankruptcy or legally called insolvency proceedings after a strong audit imposed by the relentless Ernst & Young (EY), also known as EY, is one of the most important professional services firms in the world, including auditing, taxes, finance, accounting, legal advice, calculation services and actuarial studies, and advice on business management. Truly a monster of number research. The auditor confirmed the presence or non-presence of 1.900 billion euros in its accounts. And in my opinion, the most significant thing is that it is considered the first bankruptcy of a German organization, which is included in the DAX stock index. What will become of its shareholders and hedge funds? We may see EY bringing out some precious old gems in the sector.
📍In this news, although not as important as the one that opened the board, we have the collapse of the investment ether quotes Grayscale ETHE has dropped by 57% and is now trading at $102.50. On June 4, the asset price was $239.50, which was an all-time high.
📍The solution provider Ethereum ConsenSys and the electronics manufacturer AMD reported that they raised $20 million to develop a network of data centers for the cloud-based blockchain service W3BCLOUD. It seems that new large-scale projects are flooding the market and although I've been warning you, I think I'll repeat myself by saying that at the end of this year the focus will be on new ICOs and projects in Blockchain.
📍 On the official website of Bitmain, a message appeared that the company's shareholders Mikri Jean and Cihan Wu reached an agreement. However, after a while, the information was deleted. Curious, curious... Is he looking for an IPO fraud to go to market due to low future margin targets on his income statement? In this case it could be similar to a case in the 80s where Terra, from its peak, was forced to disappear from public speculation.
📍 Korean media reports that the operator of the South Korean exchange Bithumb has planned a OPV. According to the publication, Bithumb is already collaborating with Samsung Securities, which specializes in the capital market, will be responsible for the listing. It is great to see how an advanced country, in the midst of a global financial crisis and right in the middle of globalization, is pulling off the IPO. Courage and cunning, without a doubt.
📍 BetterPRNow Podcast Host Mark Phillips He drew attention to the fact that XRP owners and shareholders have significantly increased their assets. Also traditional banking corporations are friendly to the alleged XRP blockchain. Many moves followed and very focused on Ripple. The company is doing relatively well in its maintenance in the market compared to other blockchains with greater potential. Stellar.
(I.e.Center Management USD Coin (USDC) has announced multi-chain support for stablecoin. The first coin to integrate the blockchain Algorand. As the consortium of creators explains, this blockchain is particularly well suited for financial applications. They apparently ran into some barriers with competitor XRP. They may also have been looking for another type of security in the blockchain.
📍The New York City Department of Financial Services, no less, has proposed simplifying licensing rules for companies engaged in the cryptocurrency business, and I am very happy about this. The new conditions require companies to obtain limited licenses, valid only in the case of cooperation with fully licensed companies. A good way of saying that you can't put doors on the Sun and that photons pass through anything that gets in their way. In my opinion, the best decision that the State could take to support the industrial sector and especially my crypto investments, of course.
📍 Venezuelan authorities have allowed paying for the service of issuing a passport with bitcoins. This was written by some local media with a link to a Twitter post by a resident of the country. That's been around for a while, and I won't go into it any further, since they tried it with the Petro. They should stop messing around and put up a big mining station like their friend Iran.
📍Chamath Palihapitiya, the billionaire CEO of Social Capital and chairman of Virgin Galactic, has called for Bitcoin as a kind of insurance against disasters caused by governments making bad financial decisions. CEO says an exponential rise in BTC price would end in disaster.
