Mark Cuban DeFi crash, China’s bitcoin mining

From China’s bitcoin mining crackdown to billionaire investor Mark Cuban’s DeFi investment decision crash, a ton took place in crypto more than the previous week.

With the top cryptocurrencies by industry price remaining in the purple Monday afternoon, in this article are 7 points worth realizing.

1. Kim Kardashian West was compensated to advertise a electronic coin on Instagram

Influencers, this kind of as the D’Amelio relatives and Tana Mongeau, have started to write-up compensated adverts on their social media platforms for diverse electronic cash and exchanges.

Kim Kardashian West created headlines after putting up an advert for altcoin ethereummax on her Instagram story on June 13 to her 228 million followers.

Followed by a quick clip of her speaking to her digital camera about ethereummax with “#advert” created at the bottom of the display, Kardashian West posted textual content: “Are you fellas into crypto???”

“This is not economical guidance but sharing what my good friends advised me about the ethereum max token!” the post study. She extra several hashtags, such as #ad, which is needed in purchase to disclose that her article is compensated for.

2. China’s bitcoin miners are migrating

In Might, Beijing identified as for a serious crackdown on bitcoin mining. This caused what is actually being termed by individuals in the crypto environment “the wonderful mining migration,” to areas like Texas.

Texas seems to be an excellent place for miners owing to its deregulated power grid and pro-crypto political natural environment.

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