Crypto miner investments down in H1 | Crypto

Crypto miner investments down in H1

– The cryptocurrency market has been hard hit since the beginning of the year, causing many crypto mining companies to report operating losses.
– Among the factors that affect digital asset markets is a decline in global liquidity because of high inflation and interest rate hikes.
– The crypto crisis started with the collapse in May of TerraUSD, an algorithmic stablecoin platform, which shook investors’ confidence in stablecoins and altcoin platforms.
– Then Celsius Network, a crypto lending platform, declared bankruptcy in mid-July.
– Share prices of listed companies involved with mining fluctuate in line with movements in the crypto market.
– The Economic Crime Suppression Division (ECD) is investigating 10 listed firms involved in digital asset mining.
– The ECD should coordinate with the Securities and Exchange Commission (SEC) to investigate listed companies that operate digital mining businesses after their share prices fluctuate sharply to determine possible stock manipulation.

c1 2379081 220829064806 700 Crypto miner investments down in H1

Leave a Reply

%d bloggers like this: