Bitcoin Ends Nine-Week Losing Streak & SEC Accused of Mocking Investors [ Crypto Espresso 06.6.22 ]

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🔵 CoinMarketCap Daily:

• Bitcoin Ends Nine-Week Losing Streak and Avoids 10th Red Weekly Candle in a Row

At the time of writing, BTC is trading at $31,576 — up 6% on a 24-hour timeframe, and 3% for the week.

https://coinmarketcap.com/alexandria/article/bitcoin-ends-nine-week-losing-streak-and-avoids-10th-red-weekly-candle-in-a-row

• SEC Accused of Mocking Retail Investors with Ads Warning about Crypto and Meme Stocks

Although the ads have gained hundreds of thousands of views on YouTube, reaction hasn’t been universally positive — with a former SEC branch chief among the critics.

https://coinmarketcap.com/alexandria/article/sec-accused-of-mocking-retail-investors-with-ads-warning-about-crypto-and-meme-stocks

• Man Who Tied Woman Up and Stole $3M in Crypto Arrested — 7,000 Miles Away from Attack

Prosecutors say Zhang Tianzhe threatened to torture the victim with a knife — and used an iPad hanging around his neck to give instructions.

https://coinmarketcap.com/alexandria/article/man-who-tied-woman-up-and-stole-3m-in-crypto-arrested-7-000-miles-away-from-attack

• Bitcoin Mining Revenue Tanks in May

Bitcoin miners had their worst month in a long time as mining revenue slid by more than 20%.

https://coinmarketcap.com/alexandria/article/bitcoin-mining-revenue-tanks-in-may

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In This Story: 3M

The 3M Company (NYSE: MMM) is an American multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods.

The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products, electronic circuits, healthcare software and optical films. It is based in Maplewood, a suburb of Saint Paul, Minnesota.

3M made $32.8 billion in total sales in 2018, and ranked number 95 in the Fortune 500 list of the largest United States corporations by total revenue. As of 2018, the company had approximately 93,500 employees, and had operations in more than 70 countries.

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Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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