What are you going to do with your Genesis Mining and Hashflare accounts? Cease and Desist Ordered!
You probably have heard that Genesis Mining and Hashflare were served a Cease and Desist order in North Carolina, USA.
Do you have accounts with them? What are your plans?
Withdraw as soon as possible? Let it ride and hope for the best?
Will they go the way of Bitconnect and USI Tech?
I don´t know. I need your educated opinions.
For future viewers: price of bitcoin at the moment of posting is 8226.40USD
It needs to break through 8500. And do it with good volume. Otherwise, it is looking bearish.
North Carolina is not crypto friendly. So now if Hashflare is served thoughout the U.S., what happens to the miners they make. For this reason, I can't see Hashflare going down without taking Bitcoin with it.