CRYPTO WEEKLY MARKET UPDATE CoinMarketCap To Launch Shar | MYC Signals

CRYPTO WEEKLY MARKET UPDATE



CoinMarketCap To Launch Shark Tank Themed Reality Crypto Show
Crypto data aggregator CoinMarketCap is set to launch a reality TV show called Killer Whales, in partnership with Web3 entertainment firm Hello Labs. The upcoming TV show will follow the theme of the popular investing show Shark Tank, where millionaire investors hear pitches from aspiring entrepreneurs and invest in their start-ups.

Irish Crime Gangs Turn to Crypto to Launder Money
A member with a lower rank within the criminal organization led by Gerry ‘The Monk’ Hutch was observed depositing funds into a cryptocurrency account on behalf of the Hutch Organized Crime Group (OCG).

According to the Irish Independent, the individual involved in minor criminal activities was recorded on CCTV depositing a certain amount of money into a cryptocurrency automated teller machine (ATM) on behalf of the inner city crime gang based in North Dublin in recent weeks.

Bhutan is Now One of Few Countries with State-owned BTC Mining Grid
Bhutan, a tiny kingdom in the Himalayas, reportedly uses its vast hydroelectric resources to power a state-owned Bitcoin mine, making it one of the few countries with a sovereign mining operation.

This development was captured in a recent Forbes publication, noting that Bhutan sought to harness its hydroelectric plants to power racks of mining machines that solve complex mathematical problems to earn Bitcoin rewards.

Russian Minister Labels Crypto as Evil, Yet Praises Its Role in Foreign Trade
Russia’s Deputy Finance Minister Alexei Moiseev said at a banking conference last week that crypto is “evil,” except when used for imports and exports.

The Minister said the State Duma Committee on the Financial Market is reviewing a bill sanctioning crypto’s use in foreign transactions.

Upon the bill’s passage, a committee of officials from law enforcement, Russia’s central bank, and government ministries can license individual operators to use digital currencies for international commerce.