MLM Network Zone

With its stated mandate goals, the Fed is implicitly telling the market that any taper talk is complete nonsense. bit.ly/3f7o14k http://dlvr.it/S2mz85

This essay addresses a history of dollar domination fabricated by the war machine that is the United States. bit.ly/3f7o14k http://dlvr.it/S2mz4P

Small hydropower plants have been put up for sale in China as demand for their cheap energy decreases following the government’s crackdown on crypto miners. Just as with mining rigs, their prices have been going down, leaving owners with limited options to recoup their investments. Ads for Hydropower Plants Appear on Xianyu Marketplace Advertisements for small-scale hydroelectric power plants have been placed recently on the online marketplace Xianyu, the South China Morning Post reported. The ‘second-hand’ installations come with a capacity of around 50 megawatts. The number of these offerings has increased markedly since the beginning of the government offensive against cryptocurrency miners in May. Three sellers have confirmed to the daily that the power plants went on sale because of the mining crackdown and one owner remarked that their prices have gone down. Another seller, obviously trying to convince potential buyers, pointed out: You can secretly mine cryptocurrency if y...

CoinMarketCap has launched a token swap feature via integration with Uniswap, and has hinted at supporting additional DEXs and networks in the future. from Cointelegraph.com News https://ift.tt/2TcpCzz via IFTTT

Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin accounts. Coinbase Reveals USDC Savings Program With Interest Rates Eight-Times Higher the national average The cryptocurrency exchange Coinbase announced pre-enrollment for its usd coin (USDC) savings program that allows clients to earn a 4% APY interest rate on USDC held on the platform. Coinbase joins firms like Blockfi and Crypto.com that already offer interest on USDC stablecoin holdings. Still, Coinbase highlights in its announcement on Tuesday, that 4% APY on USDC is “more than 8x the national average of high-yield savings accounts.” “Everyone wants to get the best interest rate available for the assets they hold,” Coinbase explained in a statement. “But interest rates have decreased steadily over the past few decades, making it difficult to...

HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology. from Cointelegraph.com News https://ift.tt/3AgL7zU via IFTTT

Senator Cynthia Lummis wants to see crypto-assets become a normal part of the diversified asset allocations in U.S. citizens’ retirement plans. from Cointelegraph.com News https://ift.tt/3ds3U1o via IFTTT

PRESS RELEASE. One of the leading blockchain-based NFT & Metaverse platforms, Dvision Network, has revealed that its long-awaited “Open Beta Test” (OBT) is going live on June 30th 2021. According to Dvision Network, the Open Beta Test launch will be divided into several phases, with the following stages to be announced after the successful completion of the 1st phase. The countdown has already started on their official website: https://dvision.network/ . Open Beta Test to incorporate new NFT features The Open Beta Test is the test phase that will precede the launch of Dvision World, an ultimate metaverse that will be a major platform of the Dvision Network’s Ecosystem. Dvision Network has integrated new features into the OBT, including My Space, Character Customization, and a community Leaderboard system. During the OBT, users will be able to fully customize their characters with options like selecting preferred nicknames and desired costumes for their characters, and will fur...

FTX Trading Limited has announced the company has partnered with seven-time Super Bowl Champion Tom Brady and Brazilian model Gisele Bündchen in a long-term deal. Both celebrities will have an equity stake in FTX and receive payments in crypto, the announcement explains. The NFL star Brady will serve as the ambassador for FTX, while the activist Bündchen will fill the role of FTX’s environmental and social initiatives advisor. NFL Star Tom Brady and Brazilian Model Gisele Bündchen Join FTX FTX continues to enter the realm of mainstream sports and celebrity partnerships and in 2021, the company has made numerous partnerships and acquisitions. For example, FTX was able to purchase the naming rights to the NBA’s Miami Heat arena, and the company also just partnered with MLB . The announcement on Tuesday is considered a historic deal made by West Realm Shires Services Inc., FTX Trading Limited, and Blockfolio Inc., the companies behind FTX. According to the press release sent to Bitco...

Coinbase is looking to bolster its global presence, announcing it will focus on launching new products “in most countries by default” moving forward, including a crypto app store. from Cointelegraph.com News https://ift.tt/3xasg7E via IFTTT

NatWest and other U.K. high street banks have ramped crypto curbs amid recent regulatory pressure on the sector. from Cointelegraph.com News https://ift.tt/3dukeOZ via IFTTT

A growing number of crypto firms in the U.K. are withdrawing their applications to register with the Financial Conduct Authority (FCA). Around 64 firms have already withdrawn their applications and will not be able to operate in the U.K. The list of cryptocurrency companies abandoning their attempts to register with the U.K.’s financial regulator is growing, Reuters reported Monday. Under the current crypto regulation, the Financial Conduct Authority (FCA) is responsible for ensuring crypto companies’ compliance with laws on the prevention of money laundering and terrorist financing. Companies wanting to provide crypto-related services in the U.K. must register with the FCA before conducting business. An FCA spokesperson said Monday that registration data shows the number of companies that have ditched their applications jumped by 25% in less than a month. Around 64 companies have withdrawn their applications, the spokesperson said, up from 51 in early June. Only six f...

Democratic Representative Bill Foster has called for legal power to identify wallet holders and reverse crypto transactions in instances of criminal behavior such as ransomware attacks. from Cointelegraph.com News https://ift.tt/3h3rEuB via IFTTT

Mexico’s central bank, finance ministry, and banking regulator have jointly issued a warning about cryptocurrency. Finance Minister Arturo Herrera emphasized that cryptocurrencies are prohibited from being used in Mexico’s financial system. The central bank of Mexico, the finance secretary, and the National Banking and Securities Commission (CNBV) said in a joint statement Monday that crypto assets are not legal tender in Mexico and are not considered currencies under current laws. The regulators warned that financial institutions operating with them are subject to sanctions. Their statement reads: “The financial authorities reiterate their warnings … on the risks inherent in the use of so-called ‘virtual assets’ as a means of exchange, as a store of value or as another form of investment.” It adds: The country’s financial institutions are not authorized to carry out and offer to the public operations with virtual assets, such as bitcoin, ether, XRP and others in order to main...

The great hash rate plunge caused by an exodus of miners from China shows large scale Proof-of-Work mining facilities are vulnerable to regulation. from Cointelegraph.com News https://ift.tt/3qymoTb via IFTTT

All cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business. A number of Korean crypto exchanges are considering suing the government and financial authorities, claiming that the country’s crypto law is unconstitutional. A number of exchanges are currently considering filing a lawsuit against the government and the financial authorities alleging the country’s crypto law is unconstitutional, Business Korea reported Monday. The revised Act on Reporting and Use of Certain Financial Transaction Information requires cryptocurrency exchanges to submit a document by Sept. 24 showing that they have a real-name account issued by a bank. However, banks in South Korea are reluctant to provide a real-name service to cryptocurrency exchanges due to money-laundering concerns. Several banks, including NH Bank and Shinhan Bank, are conducting risk assessments on the country’s largest cryptocurrency exchanges: ...

"We in Europe need to move as quickly as possible or risk an erosion of our monetary sovereignty," said Francois Villeroy de Galhau. from Cointelegraph.com News https://ift.tt/3y7QOyc via IFTTT

Crypto investments in India have been gaining significant traction over the past year, blockchain data indicates. Despite the ambiguous regulatory situation in the country, more than 15 million Indians have bought or sold digital currencies. Indian Crypto Investments Increase Amid Regulatory Uncertainty A growing number of Indians have put money into cryptocurrencies in the past year, which saw major coins hitting all-time market highs. Investments in crypto assets have increased from around $200 million to almost $40 billion, Bloomberg reported, quoting blockchain forensics firm Chainalysis. The massive growth has been registered despite an unclear future for decentralized digital money in the world’s second-most populous country. The spike in investment interest happens against the backdrop of a generally hostile, but also ambiguous, attitude of the Indian central bank towards crypto. Over 15 million Indians have been buying and selling cryptos, the publication added, in disreg...

The announced yields represent the exchange increasing interest for USDC holders by more than 2,500% since it was lowered significantly last June. from Cointelegraph.com News https://ift.tt/3hmL2Se via IFTTT

Regulators in Japan, the United Kingdom and the Canadian province of Ontario have all tightened their grip on cryptocurrency exchanges. Binance has been caught in the crosshairs. from Cointelegraph.com News https://ift.tt/3Aa5XAP via IFTTT

Bitcoin is staging a comeback, but the lingering threat of regulation continues to weigh on DeFi tokens and select altcoins. from Cointelegraph.com News https://ift.tt/3hnbcob via IFTTT

Increased regulatory scrutiny from China is changing the bitcoin mining landscape. But where will hash rate go? bit.ly/3f7o14k http://dlvr.it/S2kCwQ

Ark Invest, the investment company founded by Cathie Wood, filed for approval to offer a Bitcoin ETF yesterday. 21Shares, an investment firm with experience launching related products in Europe, will help Ark to launch the product. Ark Invest is the latest of several funds showing interest in launching a Bitcoin ETF this year. Cathie Wood’s Ark Invest Jumps on the Bitcoin ETF Bandwagon Ark Invest, the famous asset management firm, filed for approval to launch a Bitcoin ETF yesterday. The firm, founded and managed by Cathie Wood, will partner with 21Shares, a firm with experience in this field. The proposed instrument will be called ARK 21Shares Bitcoin ETF. It will track the performance and price of Bitcoin providing exposure for regulated markets. While the price of Bitcoin has stagnated over the last month, tech and crypto-oriented funds expect demand to pick up again. Cathie Wood is a big bitcoin proponent and much of Ark’s holdings are based in cryptocurrency companies like Co...

MATIC, SUSHI and CAKE soar after Bitcoin bulls finally press the price above the $35,000 resistance. from Cointelegraph.com News https://ift.tt/2UPLaCq via IFTTT

The exchange said it will become the racing series’ official cryptocurrency sponsor and NFT partner, hinting at a crypto-themed award for one of the events. from Cointelegraph.com News https://ift.tt/3602SoX via IFTTT

On Tuesday, Deutsche Börse Group, marketplace manager for the trading of shares and other securities, explained the company has acquired a major stake in Crypto Finance AG. The move adds to Deutsche Börse’s extension into the cryptocurrency industry in order to provide custody solutions and a “direct entry point for investments.” Deutsche Börse Group to Expand Further Into Digital　Currency Ecosystem Deutsche Börse Group’s latest announcement explains that the company wants to build a trusted and regulated cryptocurrency ecosystem in Europe. The financial institution that rakes in €2.936 billion ($3.5 billion) in revenue annually explained it has obtained a majority stake in Crypto Finance AG . The Switzerland-based Crypto Finance AG is a digital currency-focused finance organization that offers the storage, investment, and trading of crypto assets to professional clients. As a member of Deutsche Börse Group, the company will scale while also assisting Deutsche Börse’s expansion int...

The NABMI studies the growing Bitcoin mining industry in the U.S. and Canada. bit.ly/3f7o14k http://dlvr.it/S2j3bD

Over the weekend, the average block time on the Bitcoin network hit its highest average since 2009. bit.ly/3f7o14k http://dlvr.it/S2j3X8

The government’s new “Chivo” Bitcoin wallet will be interoperable and commission-free. from Cointelegraph.com News https://ift.tt/3dkipnN via IFTTT

Jay-Z and Jack Dorsey emphasized the benefits smart contracts and NFTs can offer to artists. from Cointelegraph.com News https://ift.tt/3y37qa3 via IFTTT

Bitcoin.org must now remove the Bitcoin whitepaper, host a notice referring to the court’s judgment, and pay $48,600 to cover Wright’s legal costs. from Cointelegraph.com News https://ift.tt/3xXPrlo via IFTTT

Ether investment products have suffered record outflows this past week, while Bitcoin flows have begun to stabilize. from Cointelegraph.com News https://ift.tt/3vY0RnS via IFTTT

Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them to externalize “any right to capital” will be deemed a criminal offense. Risk of Imprisonment According to a Mybroadband report , this new interpretation of the country’s exchange control regulations is contained in the FAQ document recently published by the Intergovernmental Fintech Working Group (IFWG), a body that is comprised of South Africa’s financial regulators. In the document, regulators explained: Exchange Control Regulation 10(1)(c) prohibits transactions where capital or the right to capital is, without permission from the National Treasury, directly or indirectly exported from South Africa. The IFWG document adds that individuals in contravention of these regulations face a finan...

AfriCrypt’s founders deny running off with billions in customers funds, asserting they went into hiding after receiving death threats from “dangerous people.” from Cointelegraph.com News https://ift.tt/3qwdtBD via IFTTT

Faster Payments is no longer an option for Binance customers in Britain amid increasing regulatory pressure. from Cointelegraph.com News https://ift.tt/3jC6PbJ via IFTTT

JPMorgan Chase has released an investor note stating that the cryptocurrency market appears “to be beginning the process of healing.” In the short term, however, the JPMorgan analysts expect further sell-offs before capitulation. JPMorgan’s Crypto Market Outlook JPMorgan Chase’s analysts, including Josh Younger and Veronica Mejia Bustamante, wrote about the outlook of the cryptocurrency market in a note published Friday. They explained that the near-term outlook for the crypto market is “challenging,” noting that blockchain data suggests recent cryptocurrency sell-offs were made to cover losses. “There is likely still an overhang of underwater positions which need to be cleared through the market,” they detailed. The analysts also warned of the possibility of increased production costs of BTC as China’s crackdown pushes bitcoin mining abroad. Nonetheless, the JPMorgan analysts see stability in the bitcoin futures market as a positive factor. They concluded: Cryptocurrency marke...

Wood recently asserted the crypto downtrend has improved the chances of a Bitcoin ETF securing regulatory approval. from Cointelegraph.com News https://ift.tt/3hjlvJK via IFTTT

A fee change proposal for Dogecoin has been submitted and Tesla CEO Elon Musk says that it is “important to support” it. “This document proposes a new fee structure and policy for Dogecoin Core, to be gradually deployed to the network over multiple software releases,” said the Dogecoin developer who submitted the proposal. Elon Musk Signals Support for Dogecoin Fee Change Proposal Tesla CEO Elon Musk has signaled his support for the Dogecoin fee policy change proposal submitted Sunday. Software engineer and Dogecoin developer Ross Nicoll posted on Twitter that “The Dogecoin fee change proposal is up.” Musk replied to his tweet: “Important to support.” The Dogecoin fee policy change proposal was submitted by Dogecoin developer Patrick Lodder. “This document proposes a new fee structure and policy for Dogecoin Core, to be gradually deployed to the network over multiple software releases,” his proposal reads. He explained on Reddit: TLDR; This proposal to all dogecoin stakeholder...

The host of the “Mad Money” show, Jim Cramer, has bought ether after dumping almost all of his bitcoin. “I like ethereum because people actually use it much more to be able to buy things,” he said, emphasizing that “It’s more of a currency.” Jim Cramer Prefers Ethereum to Bitcoin Jim Cramer was asked about his updated view on bitcoin Monday on CNBC after he sold almost all of his BTC last week. A former hedge fund manager, Cramer co-founded Thestreet.com, a financial news and literacy website. The Mad Money host said last week that he would buy bitcoin again if its price falls to the $10K level. However, the cryptocurrency did not fall much further than the $30K level Cramer appeared to have sold at before bouncing back. At the time of writing, the price of bitcoin stands at $34,370 based on data from Bitcoin.com Markets . “I went back into ethereum” because bitcoin held at the $30,000 level, Cramer said, elaborating: I like ethereum because people actually use it much more to...

The head of global equity strategy at Jefferies, an investment bank and asset management firm, says that cryptocurrency regulation in the U.S. would “ultimately be very positive” for bitcoin or other crypto assets. It will also be more accommodating than China’s authoritarian approach to crypto regulation. US Regulation Would ‘Ultimately Be Very Positive’ for Mass Adoption of Bitcoin, Cryptocurrencies Christopher Wood, Head of Global Equity Strategy at Jefferies, discussed cryptocurrency regulation in his most recent weekly research note, Greed & Fear. Jefferies is a diversified financial services company engaged in investment banking and capital markets, asset management, and direct investing. The company claims to be “the largest independent, global, full-service investment banking firm headquartered in the U.S.,” according to its website. Wood reportedly said that the regulatory response to cryptocurrency in the U.S. will likely be more accommodating than “China’s authorit...

Bitcoin price briefly surged above $35,000 to spark a relief rally in altcoins but a number of bearish factors still surround BTC. from Cointelegraph.com News https://ift.tt/3x3Ei2u via IFTTT

Dogecoin got a price bump Monday out of another Elon Musk tweet, this time in support of a proposed update. from Cointelegraph.com News https://ift.tt/3h21zMD via IFTTT

A warning from the country's financial regulators seemed to be specifically targeting Ricardo Salinas Pliego, who on Sunday said he would explore his bank accepting Bitcoin. from Cointelegraph.com News https://ift.tt/3hdT8wv via IFTTT

DeFi Yield Protocol has emerged as one of the fastest-growing crypto projects with an expanding ecosystem. DYP allows DeFi users to leverage advanced trading tools to earn yield on their assets while taking advantage of the unique DYP Tools decentralized application. DYP has attracted the attention of many within the crypto space due to its features that include its unique Anti-manipulation system. The anti-manipulation feature ensures the stability of DYP tokens by automatically converting DYP rewards to Ether ( ETH ) or BNB by 00:00 UTC daily and distributing rewards to liquidity providers. Key Developments in DYP Ecosystem The DYP team continues to develop the ecosystem with major partnerships and integrations into its infrastructure. Some of the high profile developments include: Chainlink Integration DYP recently revealed that it has integrated Chainlink Price Feeds on its Ethereum and Binance Smart Chain mainnet. The integration will provide DYP with access to high-quality...