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Illegal Bitcoin Mining? China Seizes Thousands of ASICs

China Arrests 22 in Illegal Bitcoin Scheme

Bitcoin mining is still a thing in China. And according to a recent report from XinhuaNet, a Chinese press agency, so is illegal cryptocurrency mining. Due to the nation’s easy access to crypto ASIC mining machines (which are made in the nation), cheap electricity, and ways to siphon power from certain grids, some Chinese have started illegal mining operations.

In a recent case outlined by Xinhua, around 22 individuals installed over 4,000 ASIC machines that were used to mine Bitcoin and compatible cryptocurrencies at facilities that used illegal power. The farm, located in a Chinese province called Jiangsu, is reported by a local power firm to have stolen power of upwards of $2.9 million.

This comes shortly after a few other cases of illegal Bitcoin mining in China. In one case, an individual stole thousands of dollars worth of electricity from a local train network to power ASICs.

It is unclear if the 22 have been or will be charged, and how they will be punished if they do get sentenced.

Crypto On the Rise

China’s obviously aversion towards local illegal Bitcoin miners comes as the nation has seen a resurgence in cryptocurrency, both at a government and retail investor level.

Per a tweet from cnLedger, a number of “online data service providers” suggest that a crypto asset-related app is trending on China’s iOS App Store. Exchange giant Huobi’s mobile application is now, according to the sources, the seventh largest keyword in the aforementioned marketplace. Considering that Apple sells some 40 million handhelds in China each year, this is quite the statistic.

Simultaneously, WeChat keyword analytics have accentuated a massive uptick in the volume of “Bitcoin”. In fact, the past ninety days have seen keyword volume for the Chinese term for “Bitcoin” skyrocket by five times.

And, Sina Finance, a major financial news and data provider owned by a major technology firm, added Bitcoin and cryptocurrency price feed data to its application.

According to local reports, this data is only available via Sina’s application, not through the website. It has also been reported that this new section on the Sina Finance application includes cryptocurrency- and blockchain-related news, but it isn’t too clear from what sources Sina is grabbing news events from.

This surge in mom & pop interest has unfortunately led to some odd debacles. Per previous reports from Ethereum World News, a project piggybacking off Tron’s success is reported to have stolen over $30 million from local investors. Known as “Wave Field Super Community”, the firm claimed to be a Super Representative, meaning a leading node, of the Tron blockchain. Wave Field is Tron’s Chinese name translated to English.

Photo by Alessio Lin on Unsplash

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Wells Fargo Doesn’t Allow Cryptocurrency Transactions

Wells Fargo

The third-largest bank in the United States,
Wells Fargo, has indicated that it no longer supports cryptocurrency
transactions. The discontinuation of the service was revealed when the bank was
replying to a disgruntled customer.

The customer sensed something fishy with the
bank when trying to buy crypto on Coinbase, a crypto exchange. The customer
posted:

“Something fishy is going on with my bank, Wells Fargo,…I can’t buy crypto on cash app or Coinbase. I tried to attach my debit card, and it said ‘card not found’ and I just used it to pay my bills.”

In response, Wells Fargo wrote:

“Thanks for reaching out to use. Unfortunately, Wells Fargo does not allow transactions involving cryptocurrency.”

Wells Fargo Dictating Use of Money,
Fines

Unfortunately, the bank’s comment was not
taken lightly within the cryptocurrency circles. For example, RyanJohn00, a
Twitter user, observed that the bank was trying to “dictate how people spend
their money.”

Others chose to ditch the bank:

“Good to know! Now I can empty out my small long-time account I’ve had with you. Putting money into crypto and being my own bank. Putting restrictions on people’s hard earned money is going to make you obsolete.”

Besides from this criticism, Wells Fargo is also attracting the wrath of regulators. In December 2018, the bank was authorized to pay $575 million for scamming their customers for over 10 years.

According to investigators, the bank’s
employees opened over 3.5 million accounts using existing customers’ details
without the knowledge of the customers. Consequently, they illegally charged
the clients for services and or products they never signed up for.

Xavier Bacerra, an Attorney General in
California, said:

“Wells Fargo customers entrusted their bank with their livelihoods, their dreams, and their savings for the future. Instead of safeguarding its customers, Wells Fargo exploited them, signing them up for products – from banks accounts to insurance – that they never wanted. This is an incredible breach of trust that threatens not only the customers who depended on Wells Fargo, but confidence in our banking system. As our investigation found, Wells Fargo’s conduct was unlawful and disgraceful.”

Notably, Wells Fargo is following in the footsteps of other leading banks in the United States. For instance, Citi, JP Morgan, and Bank of America are among top financial firms in the US that have openly announced they won’t be facilitating Bitcoin purchases using their credit cards.

A Wells Fargo spokesperson told Fortune that the decision to halt crypto
purchases through their credit cards is “in line with the overall industry.”

Does Donald Trump Have Anything To
Do With This?

In the recent past, top financial and government officials have been on a push to discredit the power of Bitcoin among other cryptocurrency projects. However, the criticism seems to have reached a climax when the United States president, Donald Trump, tweeted about why he dislikes Bitcoin.

According to Trump’s tweet, Bitcoin is “highly volatile and based on thin air.” Additionally, the US president noted that virtual currencies have the potential of being used by criminals to conduct unlawful activities such as money laundering and terrorism financing. Unfortunately, criminal activities are heavily facilitated by traditional systems such as fiat, cars, and airlines.

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Crypto Scam Bots Back in Full Force: Signs of a Bull Run?

New Crypto Scams

If you’ve pursued Crypto Twitter recently, you have probably noticed an interesting trend: bots trying to scam cryptocurrency from consumer investors are back in full force. Under almost any tweet from anyone that could be deemed even remotely “crypto-famous”, you will find an array of clearly spam comments from random accounts. While all the accounts have different names, they all use a certain format of posting to try and swindle investors of their Bitcoin, Ethereum, and other digital assets. Here how it works.

Well, these accounts, which are clearly bots because of their lack of posts and odd handles, post an image of a tweet from “Binance”, which mentions a non-official website (something like Binancegiveaway.com, binancedrop, etc.) that is currently hosting a “giveaway” for a certain event, and a tweet claiming that they got some cryptocurrency from the site. Most recently, these scammers used Binance’s second birthday and the release of the 2.0 iteration of its platform to try and get users’ funds. And to further the legitimacy of the tweet, the scammers would photoshop in fake comments from notable cryptocurrency enthusiasts and investors, such as Anthony Pompliano.

While this writer and others don’t want to visit the sites mentioned for obvious reasons, it is presumed that victims that fall for the trick will be prompted to deposit some of their digital assets to “claim” a portion of the giveaway.

It is currently unclear if this strategy is working, as the crypto-public is likely much more educated than they were in 2017. But, these tweets have begun to appear everywhere, making it likely that the bad actors behind these tweets are at least managing to trick some individuals.

This strategy actually isn’t too much different than the one enlisted by the scammers of 2017 and 2018. Back then, there were countless accounts impersonating individuals like Elon Musk, Vitalik Buterin, and so on and so forth. Then, they asked the to-be victims to send cryptocurrency to an account to claim a reward. The reason why this strategy isn’t working is that Twitter cracked down on these bots, especially after the Tesla chief executive started joking with the bots no Twitter, bringing the issue of rampant on-platform scamming to the mainstream.

Cryptocurrency Ponzi Schemes Are a Thing… Again

This comes as crypto Ponzi schemes have erupted into the mainstream again. Per previous reports from Ethereum World News, a project piggybacking off Tron’s success is reported to have stolen over $30 million from local investors. Known as “Wave Field Super Community”, the firm claimed to be a Super Representative, meaning a leading node, of the Tron blockchain, and thus managed to convince investors it would offer great returns on their capital.

Photo by Noah Silliman on Unsplash  

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‘Shark Tank’ Billionaire: Facebook’s Libra Could Threaten Finance & Gov

facebook phone libra

The Threat of Libra

Around one month ago, Facebook unveiled Libra — its first consumer-facing sortie into the crypto and blockchain world, which has been backed by VIsa, Spotify, Mastercard, PayPal, Uber, Booking Holdings, and many other corporations and investors worth billions apiece.

Since then, every businessman, politician, and investor has tried to make their voices heard, trying to either warn of the asset’s implications or laud Libra for its ability to act as a medium of financial inclusion and liberation.

Most recently, Mark Cuban, the billionaire investor and star on the entrepreneurial television show “Shark Tank”, spoke on the Facebook-backed crypto project with CNBC. Flat out, the American businessman said that he isn’t a fan of Libra, adding that he thinks the whole project is a “big mistake”. Cuban, who owns the Dallas Mavericks, went on to back his point, explaining that in nations where there isn’t a lot of “rule of law, government stability, or currency stability”, Libra could become “dangerous” should it see adequate amounts of adoption.

Indeed, should Libra be adopted in a country with governmental problems, for instance, there may be unintended consequences. Whether those consequences are good or bad are debatable though. Cuban expounded:

“There’s going to be some despot in some African country that gets really upset that they can’t control their currency anymore and that’s where the real problems start occurring.”

Skeptical of the Corporate Crypto

Cuban isn’t alone in his skepticism. In fact, as reported by Ethereum World News yesterday, even Donald Trump is against the corporate coin. In a series of tweets, the American leader tried to dismantle the value proposition of not only decentralized cryptocurrencies, like Bitcoin, but Facebook’s Libra too.

Trump quipped that he doesn’t believe that digital assets are money, adding that they are also known to be very volatile and “based on thin air”. Indeed, BTC is volatile due to its status as an early-stage asset, and technically isn’t backed by anything but code and electricity. After touching on crypto asset’s ability to be used in illicit transactions, he lambasted Libra:

“Facebook Libra’s ‘virtual currency’ will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations.”

Trump’s reasoning for bashing Libra is that it throws a wrench into the United States’ de-facto rule to have no other currencies than the U.S. dollar, which is “by far the most dominant currency anywhere in the World.”

Photo by Tim Bennett on Unsplash

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Japanese Crypto Scene Slammed by Hack: $32M in XRP, Bitcoin, Others Sniped

Japanese Crypto Scene Sees Another Hack…

Youch. A Japanese crypto asset exchange, Bitpoint, has just been subject to a large hack, during which attackers managed to steal over $30 million worth of Bitcoin, XRP, Ethereum, Litecoin, and other digital assets. The funds were siphoned out of the exchange via its hot wallet, not the cold wallets as first suggested by some users. This harrowing tidbit of news comes via Bloomberg.

Interestingly, the broader crypto market hasn’t reacted to this debacle, despite the fact that BTC has habitually fallen in the minutes and hours after the hacks of Binance, Bithumb, and so on and so forth. Though, shares of Bitpoint’s parent company, Remixpoint, fell by upwards of 19% on some markets and were actually temporarily frozen due to “a glut of sell orders” by panicked investors.

Revealed in an announcement published via Remixpoint, the upstart exchange claimed that around 70% of the funds lost originate belong to its customers, with the rest coming from company coffers.

Due to this hack, Bitpoint has been mandated to cease its operations for the time being, including deposits, withdrawals, and trading at large.

It is unclear how or if the exchange will reimburse its customers.

Unfortunate Timing

This comes at an unfortunate turning point in the Japanese crypto exchange. You see, ever since the monumental CoinCheck hack, which incurred the loss of $500 million worth of a crypto asset named XEM (NEM), the local financial regulator has been very stringent in handling the cryptocurrency space. The Financial Services Agency (FSA), as the entity is known, has developed a serious licensing system for want-to-be trading platforms.

The thing is, Bitpoint had purportedly been somewhat verified by the FSA, but had received a “business improvement order”.

With the agency currently managing a list of over 100 upstart crypto firms wanting to sortie into the exchange space, the FSA may become even more heavy-handed than it already is, potentially resulting in the death of some crypto platforms, and thus investor interest, in the nation.

A Digital Asset-Friendly Nation?

It is important to note that Japan has been quite friendly to the cryptocurrency space overall. As reported by this outlet previously, Kazuhiro Tokita, the president of the FSA-regulated local crypto exchange DeCurret, in April unveiled a system that would allow for consumers that hold a Suica card, which is used on East Japan Railway Company’s (JR East) metro and shinkansen systems, to top up their balance with digital assets.

Also, Rakuten, an e-commerce heavyweight in the nation, has acquired a Bitcoin exchange, and intends to integrate direct cryptocurrency payments into its stores. Bit Camera, a large electronics retailers, too, has embraced cryptocurrencies, accepting BTC in its stores across the nation.

Title Image Courtesy of Unsplash

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Trump Bitcoin Takedown To Provide Unintended Price Support For Crypto

donald trump bitcoin

Is there a Trump rally incoming for bitcoin?

That’s what’s on the minds of many after US president Donald Trump tweeted on Thursday that he was “not a fan of bitcoin and other cryptocurrencies”.

Although Trump is loved by many he is arguably hated in at least equal measure at home and possibly hundreds of millions more around the globe.

So could the Trump take down of bitcoin push those inclined
to look favourably on anything that Trump doesn’t like, bring a net boost to
the price of bitcoin?

His strident comments may have surprised some but that probably depends on your politics, or at any rate what you think Trump’s politics are.

Trump is fairly certain that cryptocurrencies “are not money”,
noting that they are “highly volatile and based on thin air”.

That’s wrong in so many ways but we needn’t bother to provide more well-worn rebuttals for EWN readers.

however, it is worthy or recalling that his tweets come hard on the heels of Fed chairman Jerome Powell accepting that bitcoin has a use case as a store of value similar to gold.

Unlike Trump, Powell also has the foresight and historical perspective to appreciate that nothing lasts forever when he was considering the current role of the US dollar as the world’s reserve currency of choice.

It is against this background perhaps – and the question of how to deal with Facebook’s Libra – that Trump’s attitude should be measured.

Where the Fed chairman goes, Trump is often tempted to go in
the opposite direction.

Libra – get a bank licence says Trump

And Donald and Mark (Zuckerberg) aren’t exactly buddies either. Trump made that clear in his demand that Facebook go get a banking licence before it launches Libra.

“If Facebook and other companies want to become a bank, they
must seek a new Banking Charter and become subject to all Banking Regulations,
just like other Banks, both National and International,” said the US president.

Powell, in coordination with other central bankers, is determined that Libra does not see the light of day until regulations that adequately address the perceived risks it conjures up are firmly in place.

Trump – a nationalist who doesn’t like “global money” unless it’s the US dollar

Perhaps it is not surprising that Trump’s economic nationalism has outweighed the hopes of those libertarians who lean right.

Although Trump’s thoughts to date on the US dollar have been contradictory as to whether he wants a strong or weak dollar, he does want the US’s preeminent position in the global  financial system to be maintained.

With that objective in mind, the dollar has to be protected from all comers, and that includes bitcoin, Libra and any other potential challengers it would seem.

Although Obama made references of a negative kind about crypto with his “Swiss bank account in your pocket” remark, which was interpreted as a reference to bitcoin, this is the first time a US president has explicitly discussed bitcoin. That matters.

Crypto market takes Trump in its stride – will his remarks support bitcoin price?

The market did not immediately react in an adverse fashion to Trump’s observations, and the price of bitcoin has actually appreciated since then.

In other times, such a high-powered individual throwing sand
in the face of crypto would have triggered a price plunge. Indeed, Powell’s
recent remarks were cited by some as the reason for the recent pullback from
$13,000 by bitcoin.

In fact, far from being a negative for bitcoin, Trump’s tweets may help to support the price.

Bitcoin was priced at around $11,500 when Trump made his tweet on Thursday night and is $200 higher at the time of writing, trading at $11,725 on Coinbase.

That’s not a significant move by bitcoin standards, but it does show resilience in the face of political pressures.

BTCUSD 12-hour chart 12 July
BTCUSD 12-hour candles on Coinbase, 12 July (Chart courtesy TradingView)

Trump tweet a great advert for bitcoin

More than that though, Trump’s tweet has led to headlines
around the world as the mainstream media picks up on the latest pronouncements
from the Oval office.

If nothing else it further raises the profile of bitcoin and
crypto.

But more than that, it will get people asking “what are they worried about?”.

If the dollar is so “dependable” and “reliable”, as Trump would
have it, what’s there to worry about? If crypto is so useless, why worry about
Libra?

Unwittingly, Trump has just provided bitcoin with the sort of advert money (crypto or fiat) can’t buy.

If The Donald wants to get up to speed with the real deal on crypto, Tron’s Justin Sun has reached out with an invite to join him for lunch with Warren Buffett:

And if the president doesn’t have time for that, perhaps he should dwell on the fact that since his presidency began the dollar index is down -4% and bitcoin has returned 1,186%.


Image: Courtesy Fickr, Gage Skidmore

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Binance Launches Margin For Bitcoin, Ethereum, & More

Binance Embraces Margin

Announced just minutes ago, Binance, one of the world’s largest crypto exchanges, has launched margin trading. Per a blog post detailing the new product, this new product is part of Binance’s “effort to help push the industry forward and freedom of money”. Per a quote from the exchange’s beloved CEO, Changpeng “CZ” Zhao, the introduction of margin trading will also help his startup accommodate both “advanced institutional traders and retail traders” under one single roof, this being Binance.com.

For those unaware, margin trading allows investors to leverage their positions, meaning that they can borrow funds from the exchange to increase their risk, and thus return potential. In Binance’s case, users can take on leverage of up to three times their trade size, meaning that if a user has one Bitcoin, they can make a trade as if they had three.

To use this new system, which only is supported on some Bitcoin, Ethereum, Binance Coin, Tron, and Ripple’s XRP trading pairs for the time being, users will need to transfer their funds between their primary Binance wallet and their new margin wallet.

Binance’s unveiling of the newest product in its already rather extensive suite comes hot on the heels of Zhao’s announcement of futures trading. Per previous reports from Ethereum World News, at the Asia Blockchain Summit in Taipei, CZ released a sneak peek of Binance’s futures platform that will support up to 20x leverage.

Per a report on the matter from CoinDesk, the platform will go live “very soon”, but there are no concrete dates just yet. What is confirmed is that a “simulation test version” will be launched in a few weeks, potentially in line with the launch of the more regulated Binance United States.

As analyst Luke Martin notes, Binance will be the first crypto exchange in history to foray into the four types of exchanges: derivatives, regulated spot, unregulated spot, and decentralized exchange. 

This news comes hot on the heels of pro-futures news made by other startups in the space. Announced Monday afternoon, ErisX, a Chicago-based cryptocurrency startup, has secured a “derivatives clearing organization” (DCO) license from the Commodity Futures Trading Commission (CFTC). This gives it the ability to launch physically-delivered Bitcoin futures. Both LedgerX and Bakkt are soon expected to follow suit.

The prominent cryptocurrency startup is soon expected to make a number of more announcements as it turns two. Also, the exchange will soon be booting of clients it has in the United States due to the regulatory concerns, and has opted to create an independent platform for Americans to fill in the gap and capture demand.

Title Image Courtesy of Marco Verch Via Flickr

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Who’s the Bitcoin Bag-Carrying Man Leaving Deutsche Bank?

The Famous Bitcoin Bagholder

Yesterday, the Financial Times published a surprising image: a Bitcoin bag-carrying, nice suit-clad man purportedly leaving the London Deutsche Bank building.

While the story that accompanied was focused on the collapse of the massive institution, once one of the larger banks in global finance, many focused on the Bitcoin tote. Questions like “who’s the guy?” and “why is he carrying a bag sporting the enemy of central banks out of a bank?” were brought up.

Here are some answers.

Firstly, the guy is not a fired Deutsche Bank employee, despite the fact that he is sporting an extremely well-fitting suit. But, the tailor was leaving the building, leaving the building after finishing fitting an individual within the building.

His name is Alex Riley, and he works for Fielding & Nicholson, a London-based suit shop that has since put a Bitcoin address in its Twitter biography to appeal to the cryptocurrency community.

According to one of Riley’s friends, he is a tailor that has been a proponent of BTC for over two years, hence the bag. Riley states that he makes a point of bringing the Bitcoin bag, which is unfortunately sold out as of the time of writing this, to every meeting he has at large banks. Just look at the rather hilarious collage of photos, which shows him clearly trying to rub Bitcoin in the face of mainstream finance.

While this clarification reduces the power of this image, it is still quite the statement. For those who missed the memo, Deutsche Bank, a German multinational investment bank and financial services company, has been bleeding out for years now.

Its publicly-tradable stock has lost over 77% of its value in the past five years. This comes in spite of the fact that within the same time frame, the S&P 500 index gained around 50%, marking one of the greatest stock market bull runs in history.

The institution’s situation recently got worse, with it announcing plans to cut 18,000 global jobs as it shutters its equity business, hence the Financial Times report.

So in a sense, the “Bitcoin Bag Guy” making it to the front pages of some of the world’s financial media is quite the statement, this being that BTC is an alternative to fiat. In the eyes of most of cryptocurrency’s proponents, that statement is 100% correct.

European Union Recession?

Deutsche Bank’s unfortunate tumble into the abyss comes as many investors have begun to fear a recession in the European Union and potentially abroad too.

As explained in an extensive Twitter thread by Raoul Pal, the founder of crypto-friendly media outlet and investment research startup Real Vision, the European Union’s economic data is extremely harrowing.

European-centric banks are shedding profits at a crazy rate, which has materialized in mass layoffs; some sovereign bond yields have flipped negative; and inflation expectations have collapsed entirely. Pal points out that it now makes sense to purchase Bitcoin to hedge against risk.

Also, central banks have begun to impose inflationary fiscal policy to mitigate the risks of a downturn.

Photo by Armando Arauz on Unsplash

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Open-Source Platform Lets Users Build Their Own Blockchain in Under 10 Min

An open-source blockchain platform says the industry is going the same way as the internet: Just like websites, every business now wants their own chain.

An out-of-the-box solution says it enables anyone, even with no experience, to build their own blockchain in under 10 minutes.

According to Nuls, businesses are going through a similar evolution as they did with the early internet, when every company wanted their own website: They now want their own blockchain. And although these firms may not fully understand how to deploy blockchain technology, they are aware of how their business may benefit from it.

Nuls aims is to “dismantle some of the biggest barriers” that are stopping individuals and companies of all sizes from creating their own blockchains. Hurdles for adoption include the need to ensure that networks are fully secure and the sheer cost of bringing them to fruition. On top of this, it can be an incredibly time-consuming process — not least because there aren’t enough skilled developers to keep on top of demand.

The future

The team behind Nuls believes that the future of blockchain will see plenty of third-party providers that simplify the process of establishing a blockchain network. 

One of the company’s solutions, known as ChainBox, allows developers to take their applications and deploy them to a new blockchain in the time it takes to drink a cup of coffee. Nuls hopes that this approach will enable entrepreneurs to focus on the product itself rather than the time or money it takes to deploy their applications onto a chain.

Nuls describes its ChainBox feature as language agnostic — giving developers more choices and making it easier to integrate existing systems with blockchain technology. The platform also says it is keen to ensure that users can personalize and enhance blockchains in line with their specific needs. An upcoming solution known as Chain Factory will allow users to add extra functionality and features through additional module applications that can be automatically downloaded for an instant upgrade.

The benefits

According to Nuls, the fact that major corporations such as Facebook, Amazon, Walmart, ING, IBM, Anheuser-Busch and JPMorgan Chase are creating or exploring their own blockchains powerfully illustrates an “inevitable trend” in which demand for chain-building will increase. Worth noting is that Visa, Mastercard, Uber and others will create nodes on Facebook’s Libra to run their own consortium chains. 

The platform says one of the most powerful benefits it can offer through its straightforward service is the ability to bring innovative products to market up to a year early, in addition to allowing partners to receive ecosystem support through consortium chains.

Nuls is available here

The company also places an emphasis on “ensuring that the blockchains its platform creates are flexible and scalable,” meaning that they can be adapted in line with growing demand and customized to deliver a better service to end-users. In addition, cross-chain transactions are supported and will be built to convert Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Binance Coin (BNB) and more. 

Hackathon

Nuls seeks to illustrate how effective ChainBox is through an online hackathon that invites developers to build modules for “the world’s most adaptable blockchain” — even if they haven’t worked with these networks in the past. 

These modules can be built in any coding language the developer desires, and prizes of up to $500,000 are up for grabs. The top prize is reserved for applications that would solve a practical problem and be in substantial demand in a commercial setting. The winning project will enjoy incubation and a full range of business support, including funding and potential exchange listings, according to the team. The hackathon is scheduled to take place online from July 8 to Aug. 29.

The company has dual headquarters in the Chinese city of Chongqing and in San Jose, California. Nuls adds that it has an ever-expanding team of developers throughout Europe, as it pursues a vision of bringing an open-source, instant blockchain-building platform to the world.

Learn more about Nuls

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.