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Interesting story from PBC regarding what's happening with cindicator (CND). Did you know, despite this bear market, 34% of circulating supply has been locked up for its services? 34% locked up during a bear market?! When institutional investors come onboard they'll lock up the remaining supply in no time. Supply & demand in its purest form.
I bought some of that last week (exited ages ago)...got a bargain
Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.
This is not financial advice. I'd cash them in if it nears $40, $35 to be safe side. Do you see the corrections during the dot-com & banking crisis years? We're about to have another correction, the debt crisis. You've been warned.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
Money-laundering hack and Japanese law could threaten a wipeout of Bitcoin
At 5pm on a summer’s evening in June, Tokyo’s District Court set in motion a series of events that now threatens a wipeout of the world’s most popular digital currency.
The court started the process of civil rehabilitation for creditors against **Mt Gox, a former cryptocurrency exchange based in Shibuya, Tokyo, which was once responsible for facilitating more than 70pc of the world’s Bitcoin transactions.
Mt Gox filed for bankruptcy in 2014 after it emerged that about 850,000 coins, then worth $500m (£382m), had disappeared from its platform in a laundering scheme masterminded by Alexander Vinnik, a Russian criminal who was arrested in Greece in 2017.
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