MLM Network Zone

While spacechains have limited functionality for Bitcoin users, they do provide some interesting use cases worth exploring. bit.ly/3f7o14k http://dlvr.it/ST61Rc

STRAX price bucked the market-wide bearish downtrend by rallying 200% after the team unveiled plans for a British pound stablecoin and a new metaverse. from Cointelegraph.com News https://ift.tt/tw4RAjp via IFTTT

Authorities in Uzbekistan have drafted and put forward for public consultations a set of rules for crypto miners operating in the country. Companies that want to mint digital currencies will have to register with the government and use renewable energy. Uzbekistan Discusses Draft Regulations for Crypto Mining Sector Entities involved in cryptocurrency mining will need to register and renew their certificate every year, according to a draft decree by the director of Uzbekistan’s National Agency for Perspective Projects. NAPP is the country’s main crypto watchdog, which is directly subordinated to the administration of President Shavkat Mirziyoyev. The document was recently published for public consultations that will continue until July 9 and have already attracted a number of suggestions. It introduces key definitions pertaining to the industrial activity of digital currency extraction, including for the terms crypto mining, miner, and mining equipment. The decree states that cr...

Samsung is reportedly trialing the production of 3nm foundry processing for chips enabling bitcoin miners to operate faster and with less power consumption. bit.ly/3f7o14k http://dlvr.it/ST4f8W

The crypto-positive financial services company looked at Bitcoin prices at intervals following regulatory events and found clear evidence of the events’ effects. from Cointelegraph.com News https://ift.tt/obDd97H via IFTTT

Eminem and Snoop Dogg switched between themselves and their Bored Ape Yacht Club characters in their newest music video. from Cointelegraph.com News https://ift.tt/Q6EByWv via IFTTT

Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank, will become a custodian for the company’s stablecoin reserves. Circle Partners With New York Community Bancorp On Tuesday, Circle announced that it is collaborating with NYCB, the parent company of the U.S. Bank National Association. According to the announcement, NYCB’s subsidiary, New York Community Bank, will custody reserves for Circle’s popular stablecoin usd coin (USDC). USDC is the second largest stablecoin today with a $53.9 billion market capitalization. During the past 24 hours, Circle’s USDC stablecoin has seen $5 billion in global trade volume. New York Community Bank will also work with Circle in order to provide unbanked communities with access to low-cost financial solutions. The companies’ strategies will leverage blockchain solutions and stablecoin systems. S...

Bitcoin and altcoins gave up the gains of last week’s relief rally and June 29’s dip below $20,000 suggests bears are intent on pushing the market back to its yearly lows. from Cointelegraph.com News https://ift.tt/vOlhSXN via IFTTT

By making traffic between network peers encrypted, Bitcoin Improvement Proposal 324 can improve privacy by hiding node locations and other private data. bit.ly/3f7o14k http://dlvr.it/ST2fN8

The first of his name, king of the punks and the first regulators, protector of the seven tokens, the keeper of the great CBDC, the breaker of blockchains and father of crypto. from Cointelegraph.com News https://ift.tt/eKXTaEf via IFTTT

Russia is turning to blockchain technology in an effort to counteract the economic isolation brought on by the sanctions imposed due to its invasion of Ukraine. from Cointelegraph.com News https://ift.tt/g5VxZdR via IFTTT

The crypto economy has slipped under the $1 trillion mark to the $970 billion range, as a large number of digital currencies have lost more than half their USD worth since November 2021. Bitcoin is down 70% from the all-time high last year, and a new report from Glassnode Insights calls the current bear market “a bear of historic proportions,” while highlighting that “it can reasonably be argued that 2022 is the most significant bear market in digital asset history.” Glassnode Researchers: ‘Bitcoin Is Currently Experiencing the Largest Capital Outflow Event in History’ Many people understand that the crypto economy is currently in a bear market but no one knows where it will lead or when it will end. Bitcoin and the crypto economy, in general, have been through several bear markets and a recent Glassnode Insights report claims it just might be the worst on record. The analytics company Glassnode provides an analysis of bitcoin’s (BTC) current price drop and how the digital asset s...

The company reported its operations in the United States will have an initial capacity of 3 megawatts, aiming for the firm’s total hashrate to be more than 1.6 EH/s. from Cointelegraph.com News https://ift.tt/RAh7Cnx via IFTTT

A Twitter account has accused the Bulgarian co-founders of the Swiss-based cryptocurrency lender Nexo of misappropriating funds from a charity platform. The company has rejected the allegations in the anonymous attack, which comes after Nexo offered a buyout deal to troubled rival Celsius. Anonymous Allegations Against Co-Founders Circulated on Social Media A Twitter user going by the handle @otteroooo has drawn attention to media reports about misuse of donations to a charity allegedly linked to the people behind Nexo, a major provider of crypto-backed loans. In a thread published on Sunday, the unidentified author accuses Nexo co-founder Kosta Kantchev and his family of siphoning money from the Helpkarma foundation which raises funds for various goodwill causes. Another two co-founders — former Member of Parliament and managing partner at Nexo Antoni Trenchev and Georgi Shulev — have been mentioned as well. Otteroooo cites reports by two Bulgarian websites — Bird.bg, or Bureau ...

The Moroccan central bank is presently working on a cryptocurrency regulation framework bill and according to the bank’s governor, Abdellatif Jouahri, this is set to be introduced soon. The regulatory framework being worked on will result in Morocco’s money laundering and anti-terrorism financing regulations being upgraded. Crypto Regulation Best Practices A Moroccan central bank committee is working to put in place an appropriate regulatory framework for cryptocurrencies, Bank Al-Maghrib (BAM) governor Abdellatif Jouahri has reportedly said. The governor also revealed his institution has engaged both the International Monetary Fund (IMF) and the World Bank over the benchmarks that will be used. Before Jouhari’s latest remarks, Bitcoin.com News reported in March 2022 that the Moroccan central bank was in talks with two global financial institutions as well as with the central banks of France, Sweden, and Switzerland. At the time, The talks, according to the central bank, were focu...

Grayscale has signed on two leading market makers to serve as authorized participants in its upcoming spot bitcoin ETF, pending SEC approval. bit.ly/3f7o14k http://dlvr.it/SSxrvJ

Bitcoin. The bottom. Are we there yet? Several higher timeframe metrics suggest BTC’s real bottom will be somewhere around $10,000. from Cointelegraph.com News https://ift.tt/IK2g5Vj via IFTTT

Robinhood, a discount brokerage that popularized crypto trading among mainstream users, has allegedly fallen on hard times. from Cointelegraph.com News https://ift.tt/BOE9rXd via IFTTT

Bitcoin’s derivatives metrics reflect slight improvements since the $17,600 low, but whales and market makers continue to price higher risk of another breakdown. from Cointelegraph.com News https://ift.tt/xV5ng2m via IFTTT

The prominent rap stars Eminem and Snoop Dogg released a new music video that showcases the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection. The duo’s latest single called “From the D 2 The LBC” debuted at this year’s Apefest, an annual gathering for BAYC and Mutant Ape Yacht Club (MAYC) owners. From the D 2 the LBC: Eminem, Snoop Dogg, and Bored Apes The new Eminem and Snoop Dogg music video has been trending on Youtube and at the time of writing, the video has gathered 8.85 million views. The official music video for the “From the D 2 The LBC” single highlights the popular BAYC NFT collection. Snoop and Eminem have animated their Bored Apes for the video which was shown at the Apefest event . Apefest had a number of high-profile music performances from Lil Wayne, Future, LCD Soundsystem, The Roots, Haim, and Lil Baby. While the new single features a whole lot of spliced BAYC imagery, the song is mostly about smoking cannabis. Snoop Dogg owns BAYC 6,723 and Eminem...

“The approval of each and every Bitcoin-linked investment product strengthens our arguments about why the U.S. market deserves a spot Bitcoin ETF," said CEO Michael Sonnenshein. from Cointelegraph.com News https://ift.tt/FJXPZwV via IFTTT

The Santa Fe Institute has a history of studying complex adaptive systems. Bitcoin has a deep connection to complexity theory and thermodynamic theory. bit.ly/3f7o14k http://dlvr.it/SSvBF9

“There is no doubt that there are many more crimes to be discovered in your trail of destruction,” hacktivist group Anonymous said on its YouTube channel. from Cointelegraph.com News https://ift.tt/4o0Gx25 via IFTTT

Mark Zuckerberg, CEO of Meta, formerly Facebook, has shared how the metaverse will be a key part of his business and bring hundreds of billions of dollars in revenue. “Our playbook over time has been build services, try to serve as many people as possible,” said Zuckerberg. Mark Zuckerberg on the Metaverse Mark Zuckerberg, the CEO of Meta Platforms, formerly Facebook, talked about the metaverse in an interview on Wednesday with Jim Cramer, the host of CNBC’s Mad Money. The Facebook co-founder explained that he expects the metaverse to be massive and become a major part of his company’s business over the next decade. Commenting on Meta’s metaverse efforts, Zuckerberg said: Our playbook over time has been build services, try to serve as many people as possible — you know, get our services to a billion, two billion, three billion people, and then we basically scale the monetization after that. “We hope to, basically, get to around a billion people in the metaverse doing hundreds o...

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reportedly proposed “one rule book” for the regulation of crypto assets. “If this industry is going to take any path forward, it will build some better trust in these markets,” said Gensler. SEC Chairman Calls for One Rule Book for Crypto SEC Chairman Gary Gensler has proposed “one rule book” for the regulation of crypto, the Financial Times reported Friday. He is looking to strike agreements with other financial regulators, including the Commodity Futures Trading Commission (CFTC), to avoid gaps in the oversight of the crypto sector. He told the publication: I’m talking about one rule book on the exchange. The SEC chief elaborated that the rule should protect investors against fraud, front-running, and manipulation, in addition to providing transparency over order books. The rule book will apply to “all trading regardless of the pair — [be it] a security token versus security token, security t...

FTX founder Sam Bankman-Fried and Alameda Ventures made recent headlines for bailing out a handful of CeFi crypto platforms this week, but what exactly do market makers do? from Cointelegraph.com News https://ift.tt/L4X7Bos via IFTTT

The creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC), Yuga Labs, have sued the artist dubbed Ryder Ripps and collaborators for attempting to devalue the BAYC brand. Yuga Lab’s lawsuit claims Ripps and associates trolled the company and started “scamming consumers into purchasing RR/BAYC NFTs by misusing Yuga Labs’ trademarks. Yuga Labs Files Lawsuit Against Ryder Ripps, Aims to ‘Fight Against Slanderous Claims’ A lawsuit has been filed by Yuga Labs in the state of Califonia against the artist Ryder Ripps and a few associates. The company spoke about the lawsuit on June 24 via Twitter and said that support from the community was “overwhelming.” “We will continue to be transparent with our community as we fight these slanderous claims,” Yuga Labs said. “In order to put a stop to the continuous infringement, and other illegal attempts to bring harm to us and the BAYC community, we have filed a lawsuit against the responsible parties. We will contin...

Although Bitcoin is struggling to form a bottom, altcoins are on a roll and the current price action could benefit UNI, XLM, THETA and HNT. from Cointelegraph.com News https://ift.tt/9xWqTUf via IFTTT

Creating a system distributed by the internet the same way Bitcoin exists could create accessible healthcare for everyone. bit.ly/3f7o14k http://dlvr.it/SSrpVb

The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of 2023. Trials with real transactions and users are scheduled to begin next April, earlier than originally planned. Bank of Russia to Present Digital Ruble Roadmap Next Year The Central Bank of the Russian Federation (CBR) will develop a roadmap for the introduction of the digital ruble by the end of 2023, First Deputy Chairman Olga Skorobogatova said in an interview with the Tass news agency, revealing an earlier deadline than previously set. The high-ranking official also noted that the regulator intends to start testing operations with the Russian central bank digital currency ( CBDC ) with real clients as early as April 2023, indicating these plans have been adjusted, too. Skorobogatova emphasized that next year will be very important for the project and elaborated: Testing of real...

Learn to manage and run a Lightning node at a profit. Also, discover various Lightning Network problems and how to address them. from Cointelegraph.com News https://ift.tt/8rDeVEI via IFTTT

Russian law enforcement is looking into the alleged theft of mining hardware valued at around $1.9 million. The powerful computing equipment disappeared from a crypto mining hotel in Irkutsk, the owners of which have been accused of large scale fraud. 100 Russians Lose Mining Machines Worth 100 Million Rubles Police in the Russian Irkutsk Oblast have launched an investigation of the operators of a mining hosting facility suspected of defrauding clients and stealing their expensive coin minting hardware, Tass news agency reported, quoting the region’s Main Directorate of the Interior Ministry. In anticipation of quick earnings, the miners handed over their devices to those who were running the mining hotel, law enforcement officials explained. At some point, the latter stopped all payments to their customers and failed to return the expensive machines. “A criminal case was initiated based on these facts under part 4 of article 159 of the Criminal Code of the Russian Federation (la...

from Cointelegraph.com News https://ift.tt/k5IBKlN via IFTTT

Bitcoin bulls still have a battle on their hands in low-volume weekend trading, analysis warns, while altcoins preserve multi-week record gains. from Cointelegraph.com News https://ift.tt/7sqNrCE via IFTTT

After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, the WSJ said Celsius was looking to hire the bankruptcy and restructuring law firm Akin Gump Strauss Hauer & Feld LLP. However, a new report from the WSJ claims sources say that Celsius is now working with the restructuring advisory firm Alvarez & Marsal. Sources Say Celsius May Be Collaborating With a Restructuring Advisory Firm The current financial situation of the crypto lending company Celsius is still unknown and since June 12, people still suspect that the firm is insolvent. Bitcoin.com News reported on the rumors and speculation that surrounds the company to this day and on June 13, the crypto lending firm Nexo offered to buy Celsius-based assets. The reason why people suspect that Celsius is having financial hardships is beca...

Bitcoin lets anyone live and thrive wherever they want, ending government monopoly on our jurisdictions. bit.ly/3f7o14k http://dlvr.it/SSpCyH

The top 100 DeFi tokens showed signs of recovery after last week’s mayhem, and many of the these tokens registered double-digit gains. from Cointelegraph.com News https://ift.tt/C1YESQ9 via IFTTT

Predicting a market bottom is pretty much impossible, but clever traders use options strategies like the Iron Condor setup to target a particular trading price range. from Cointelegraph.com News https://ift.tt/2zRmyZN via IFTTT

Reportedly, ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday. from Cointelegraph.com News https://ift.tt/qhUK23J via IFTTT

The shiba inu crypto community is anticipating the launch of the layer two (L2) scaling solution Shibarium after it was revealed that the public beta will launch in the third quarter. According to shiba inu developers Shytoshi Kusama and Ryoshi, the layer two solution will bring transaction fees down considerably and possibly to zero. Shiba Inu’s L2 Solution Shibarium to Launch in Q3, Ethereum Whale Acquires 163.2 Billion SHIB The meme token shiba inu (SHIB) has seen a 33.6% gain against the U.S. dollar during the last seven days and much of the rise revolves around the Shibarium announcement. Furthermore, an ethereum whale purchased 163.2 billion SHIB during the last 24 hours worth around $1.74 million using today’s SHIB exchange rates. There’s been a lot of discussion about the L2 scaling solution Shibarium on the project’s Discord server. and Furthermore, the Unification Foundation, a team of developers behind Shibarium, revealed a few updates about the upcoming project. Accor...

A handful of on-chain metrics suggest that Bitcoin could be close to bottoming, and if true, the eventual relief rally could induce sharp gains from altcoins. from Cointelegraph.com News https://ift.tt/f6a7lOZ via IFTTT

The Federal Reserve is acting on behalf of commercial banking interests to crush asset prices. Can bitcoin compete in a world of coordinated inflation? bit.ly/3f7o14k http://dlvr.it/SSnZV6

The FATF released meeting notes hinting at an upcoming report on recommendations for business compliance with the Travel Rule and “unhosted wallets.” bit.ly/3f7o14k http://dlvr.it/SSlc44

By using methane produced from landfills and the oil field that would otherwise be flared, bitcoin mining can help reduce 0.15°C of global warming. bit.ly/3f7o14k http://dlvr.it/SSl0T1

During a recent interview with the Wall Street Journal (WSJ), Terraform Labs (TFL) founder Do Kwon said he was “devastated” by the LUNA and UST implosion that took place in mid-May. He told the WSJ that he was probably a billionaire when LUNA tapped an all-time high before the collapse, but lost a great portion of his net worth following the aftermath. Do Kwon Speaks About the Terra LUNA Collapse Do Kwon has recently discussed the LUNA and UST fallout during an interview with the WSJ contributors Alexander Osipovich and Jiyoung Sohn. The interview was published on June 22, and its the first interview Kwon has done since the Terra collapse. Kwon told the reporters that he lost most of his wealth after the crash but that doesn’t bother him that much. “This doesn’t bother me,” Kwon told the reporters. “I live a fairly frugal life,” the Terra co-founder said. Kwon, however, said he was sorry about the losses investors took from the fallout. “I’ve been devastated by recent events and ho...

The platform advised users to withdraw funds quickly, noting it would halt trading for Venezuela-based clients on July 31, with all accounts “fully restricted” beginning Sept. 30. from Cointelegraph.com News https://ift.tt/OzKkpDf via IFTTT

Dutch users need to provide the recipient's full name, the purpose of transfer and full residential address to move digital assets off the platform. from Cointelegraph.com News https://ift.tt/N9Ses2f via IFTTT

The e-commerce and online auction giant Ebay has announced the company has acquired the non-fungible token (NFT) marketplace Knownorigin. Ebay declared that the acquisition is an “important step in Ebay’s tech-led reimagination.” Ebay Purchases NFT Marketplace in Order to Make E-Commerce Site the World’s Top Destination for Collectibles Ebay revealed on Wednesday that the company has purchased the NFT marketplace Knownorigin . Last February, Ebay’s chief executive officer, Jamie Iannone, discussed NFTs, cryptocurrencies, and how the company continues to “evaluate other forms of payments.” Knownorigin is a UK-based company and according to dappradar.com stats , the marketplace has seen $7.8 million in all-time sales. The e-commerce and online auction corporation said on Wednesday that the acquisition is an “important step in Ebay’s tech-led reimagination, ushering in a new era of digital collecting to the world’s top destination for collectibles.” CEO Jamie Iannone also spoke abo...