@GhostOnTheHalfShell
it's definitely not coming to the united states lol.
there's many factors but i think it's mostly going to china or chinese non-state actors (especially if you include North Korea, though i'm talking mostly about the triads etc).
one example is mining... the bitcoin mining companies in the US are all in debt to their eyeballs because they need to buy the mining rigs... which are made by a Chinese company (#Bitdeer). so in a way the entire american bitcoin mining "industry" is just a way to siphon capital out of the american markets and send it to back to mainland china.
but there's some countervailing / offsetting flows, like the way Tether etc. are facilitating chinese people's ability to get their money *out* of china.
net-net it's pretty hard to say as far as whether mainland china is up or down, but what's very clear is that offshore / transnational organized crime is way, way, WAY up on the trade.
🔎 #Bitdeer Kanada’da Enerji Projesiyle Madencilikte Büyüyor
🔸 Bitdeer, Kanada'nın Alberta bölgesinde 21,7 milyon dolara enerji tesisi satın aldı.
🔸 Bu proje, şirketin madencilik maliyetlerini önemli ölçüde düşürmeyi hedefliyor.
#Tether, a company whose capital probably comes from #China and which earns 5% interest on ~$100 billion for doing nothing, has been branching out and investing in:
1. a chinese bitcoin transaction processor (some call them "miners") manufacturer #Bitdeer
2. random agriculture companies in argentina with a sub 3% ROI (less than Tether would get doing nothing and collecting 5%) https://t.co/R15JFCMRhD
3. #Satellogic, a manufacturer of spy satellites that is currently losing $30-50 million per year (much less than the guaranteed 5%)
to say this is shady would be an understatement but it is of a piece with some of Tether's other recent bailouts of allegedly fraudulent companies like #NorthernData
#crypto #stablecoins #stablecoin #cryptocurrency #bitcoin #bitcoinmining #argentina #SATL #Adecoagro #espionage #satellite #spy #Chinese #JihanWu
Bitdeer Technologies Group, компанія, що займається видобутком біткоїнів та хмарними рішеннями штучного інтелекту, оголосила про приватний продаж акцій на суму до $150 мільйонів компанії Tether.
#Crypto #Bitdeer #Tether #майнінг
https://thetransmitted.com/crypto/tether-investuye-100-miljoniv-u-bitkoyin-majner-bitdeer/
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