MLM Network Zone

The cannabis industry has many reasons to look to bitcoin as a way to grow and improve relationships with their customers. bit.ly/3f7o14k http://dlvr.it/SVnZx5

Mining expert Mohamed El Masri predicts that Bitcoin will be worth around $430,500 when the last coin is minted. from Cointelegraph.com News https://ift.tt/AtcHLgj via IFTTT

A panel of crypto industry experts says now is the time to sell dogecoin. The majority of the experts expect DOGE to completely lose its value. Dogecoin “was a meme coin that shouldn’t have really gotten to this point,” said one of the experts on the panel, blaming Tesla CEO Elon Musk for the popularity of the meme cryptocurrency. Expert Panel on Dogecoin Losing All Value Price comparison portal Finder updated its dogecoin (DOGE) price predictions Wednesday. The platform explained that it measures expert predictions of the future price of dogecoin using weekly and quarterly surveys. The latest quarterly survey, conducted in July, “asks a panel of 54 industry experts for their thoughts on how dogecoin will perform over the next decade.” The panel was asked, “Do you think DOGE will completely lose its value?” 55% said yes, 21% believe the meme cryptocurrency will bounce back, and 24% said they were unsure. Regarding when the price of dogecoin will lose all of its value, 3% said it wi...

Cryptocurrency market analysts unpack the ramifications of consecutive quarters of negative GDP growth in America. from Cointelegraph.com News https://ift.tt/9kZnzag via IFTTT

Estimates for July inflation across the euro area make for grim reading at 8.9%, with the U.S. dollar rebounding. from Cointelegraph.com News https://ift.tt/7q5ckAr via IFTTT

The Vasil hard fork was originally scheduled to go live in June, but teams behind the Cardano blockchain development have prioritized a smooth network transition. from Cointelegraph.com News https://ift.tt/quTm2f5 via IFTTT

New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday. The goal, as stated by the country’s tax authority, is to improve the fight against organized crime, money laundering, and tax evasion. Critics doubt the law will achieve that. Authorities in Israel Go After Cash Purchases, Introduce Lower Limits Payments of large sums of money in cash and bank checks will be further restricted in Israel by amendments set to take effect on Aug. 1. Tax officials want to further reduce the circulation of cash in the country, thus hoping to curb illegal activities such as the laundering of illicit funds and tax non-compliance, the Jerusalem Post reported. Under the new legislation, companies will be required to use non-cash methods for any transaction exceeding 6,000 shekels ($1,700), a notable decrease from the previous ceiling of 11,000 shekels ($3,200). The cash limit for private individuals who are not registered as busi...

The private initiative launched in the town of Santa Lucia, Honduras, aims to spur bitcoin adoption and invite more tourism to the region. bit.ly/3f7o14k http://dlvr.it/SVl3WV

The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies. from Cointelegraph.com News https://ift.tt/ACtnqFj via IFTTT

The $280 billion bill, which aids the semiconductor industry, also incorporated Representative Darren Soto’s bill to create a position to advise the president on blockchain. from Cointelegraph.com News https://ift.tt/preovgJ via IFTTT

Tesla's foray into Bitcoin may have been one big distraction for the electric vehicle maker, which reported mixed financial results earlier this month. from Cointelegraph.com News https://ift.tt/5Kb218u via IFTTT

According to a report stemming from the blockchain intelligence company Chainalysis, the firm identified 54 pro-Russian groups that have “collectively received over $2.2 million worth of cryptocurrency.” The paramilitary groups in Ukraine primarily received bitcoin and ether donations but also got tether, litecoin and dogecoin as well, the Chainalysis study details. $2.2 Million in Crypto Sent to Pro-Russian Groups Located in Ukraine, Says Chainalysis Chainalysis believes more than $2.2 million worth of crypto assets have been acquired by pro-Russian paramilitary groups located in the Donbas region of Ukraine. More specifically, Chainalysis says the recipients were located in Donetsk and Luhansk. There’s been a conflict in Donbas and the Donetsk and Luhansk regions of Ukraine for quite some time. Separatists insist Donbas declared independence from Kyiv in 2014, and pro-Russian military groups agree with the separatists’ declarations. The blockchain intelligence company’s study ...

The company will build a headquarters in Dubai to operate exchange and clearinghouse services for bitcoin and cryptocurrencies through a subsidiary. bit.ly/3f7o14k http://dlvr.it/SVklSw

Bitcoin price has hit resistance at the $24,000 level, resulting in a slight pullback in select altcoins. Is the rally over? from Cointelegraph.com News https://ift.tt/g8QuT1E via IFTTT

Santander, one of the biggest banking institutions in the world, has announced it will start offering cryptocurrency services in Brazil. Its CEO, Mario Leão, made the announcement in an interview with local media, stating that the company was still seeking the best way of getting into the cryptocurrency services market. Other banks and fintech organizations are already offering crypto services in the country. Santander to Start Offering Crypto Services in Brazil Santander, one of the biggest financial institutions in the world, serving more than 153 million customers, has announced plans to start offering cryptocurrency-based services to customers in Brazil. The announcement was made in an interview offered by Santander’s CEO in the country, Mario Leão, who stated that these new services might be introduced in the coming months. Leão stated: We expect in the next few months to have definitions about it, who knows in the next release of quarterly results, or even before. Leão f...

“The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX,” said the exchange. from Cointelegraph.com News https://ift.tt/tumgUHP via IFTTT

Global investment banks Goldman Sachs and JPMorgan have predicted an imminent recession in the euro area. “The risks to our forecast are skewed toward a sharper recession in the event of an even more severe disruption of gas flows, a renewed period of sovereign stress or a U.S. recession,” said the economists at Goldman Sachs. Goldman Sachs’ Predictions Two major global investment banks, Goldman Sachs and JPMorgan, released reports Wednesday, independently predicting an impending recession in the euro area. Goldman Sachs’ analysts, led by chief European economist Jari Stehn, expect a euro-area recession in the second half of this year that will last until the end of the year. They are also predicting a contraction of 0.1% in the third and 0.2% in the fourth quarter, expecting growth to return in 2023. “Looking across countries, we have Germany and Italy in clear recession in the second half, while Spain and France continue to grow,” the Goldman Sachs economists detailed, elaborati...

Set to grow into an economic powerhouse over the next few decades, Africa will benefit greatly from investment into Bitcoin education. bit.ly/3f7o14k http://dlvr.it/SVgy1Z

BTC price surged above a key resistance cluster, but its market structure and technical analysis suggest the move is just another trap. from Cointelegraph.com News https://ift.tt/zdLefA8 via IFTTT

After the crypto lender Celsius filed for bankruptcy protection on July 13, the company recently contacted customers and explained that an employee from one of the firm’s vendors accessed a list of Celsius client emails, and the email addresses were “transferred to a third party.” Furthermore, Celsius customers have written to the court begging to get their crypto assets back as one client said he had less than $1K in the bank and his situation was a dire emergency in order to “keep a roof over my family and food on their table.” Celsius Customers Informed About an Email Breach, Retail Investors Say They Were ‘Severely Impacted’ by Crypto Lender’s Fallout It seems Celsius has been contacting customers by email, and explaining that a list of client emails were reportedly transferred to a third-party. The email says it was after an employee from one of Celsius’s vendors had accessed the list. The story became a topical conversation on social media, even though the crypto lender Cels...

The Conservative Party is expected to decide between Rishi Sunak and LizaTruss as the next party leader by Sept. 5, at which point Johnson will officially step down from Cointelegraph.com News https://ift.tt/W3jh1Bl via IFTTT

Crypto critic Elizabeth Warren and two colleagues write to the Fidelity CEO again to express their displeasure with crypto-exposed 401(k) offerings. from Cointelegraph.com News https://ift.tt/lczbyDE via IFTTT

Meta joined Alphabet and Microsoft in releasing disappointing quarterly financials, following the company’s Q2 earnings call. In a week of a disappointment for mega-cap stocks, the trio has all missed revenue and earnings expectations, with Meta seeing its first quarterly sales decline ever recorded. Economic Slowdown Due to the current global economic slowdown, markets had anticipated that earnings of mega-cap stocks which account for 40% of the Nasdaq, and 30% of the S&P 500 could face a bloodbath. However, although earnings have disappointed, and came in worse-than expected across the board, some analysts suggest that the situation might have been more dire. The International Monetary Fund (IMF) recently announced that it was revising its 2022 global GDP forecast, from 3.6% at the start of April, to now expecting growth of 3.2% for the remainder of the year. This seems to have been reflected in the earnings report released by three of the world’s largest tech companies. ...

Does hash rate fall this significantly often? Miner monthly revenue nears 2017 levels. Hash price is now 48% up from the lows. Is this a mining death spiral? bit.ly/3f7o14k http://dlvr.it/SVcxWV

"NFTs can aid in the documentation of the creator community through smart contracts," said Kushner. from Cointelegraph.com News https://ift.tt/oKfdPla via IFTTT

On Wednesday, the Web3 digital identity platform Unstoppable Domains announced the company has secured $65 million in financing in a Series A funding round led by Pantera Capital. The latest funding gives Unstoppable Domains a post valuation of $1 billion, pushing the blockchain startup up to unicorn status. Unstoppable Domains Joins the Growing List of Crypto Unicorns, Raising $65 Million Unstoppable Domains , the company that’s issued more than 2.5 million non-fungible token (NFT) domains, revealed it has closed $65 million in a Series A funding round at a $1 billion valuation. The Series A was bolstered by a number of strategic investors and was led by Pantera Capital. Investors that participated alongside Pantera Capital include Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, Coindcx, Coingecko, We3 syndicate, Rainfall Capital, Broadhaven, EI Ventures, Hardyaka, and Alt Tab Capital. Previous Unstoppable Domains investors include...

The FOMC increased interest rates by 0.75 percentage point while indicating ‘unusually large’ hikes may be appropriate in future meetings; Bitcoin’s price jumps. bit.ly/3f7o14k http://dlvr.it/SVcK5M

ETH price hit resistance at the $1,600 level, but this is not stopping options traders from opening fresh leveraged longs. from Cointelegraph.com News https://ift.tt/95rbviW via IFTTT

On Wednesday, the U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) in order to tame inflation and stabilize the American economy. The recent rate hike is the U.S. central bank’s third rate increase after increasing the benchmark rate by 50 bps last March. Fed Hikes Rate by 75 bps for a Second Time in a Row to Tame Inflation, Central Bank Says ‘Inflation Remains Elevated’ With inflation scorching hot in America, the U.S. Federal Reserve has raised the federal funds rate once again, increasing it by 75 bps on Wednesday afternoon at 2:00 p.m. (ET). The increase was the second 75 bps increase in a row. “Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low,” the Fed said on Wednesday in a press statement . “Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressur...

No surprises from the Fed as Bitcoin bulls see rewards for late longs with the press conference still to come. from Cointelegraph.com News https://ift.tt/zgWrEkX via IFTTT

Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has warned that the U.S. Securities and Exchange Commission (SEC) will come up with rules for token registration that will be “the nightmare that’s waiting for the crypto industry.” Mark Cuban Foresees SEC Coming Up With ‘Nightmare’ Crypto Regulation Billionaire Mark Cuban, the Shark Tank star who owns the NBA team Dallas Mavericks, warned in a tweet Saturday about how the SEC will regulate crypto tokens. His warning was in response to a tweet by U.S. Senator Pat Toomey (R-PA) who slammed the securities watchdog over its enforcement action against a former Coinbase employee where nine crypto tokens were identified as securities. Coinbase quickly disputed the allegation that it listed crypto securities. Toomey noted that the enforcement action “is the perfect example of the SEC having a clear opinion on how and why certain tokens classify as securities. Yet, the SEC failed to disclose their view before la...

With rampant inflation and institutional unease in the air, bitcoin is prepared to gain exponentially. bit.ly/3f7o14k http://dlvr.it/SVYWDf

After being seen in the House a few times, a bipartisan bill is introduced into the Senate with a drastically reduced exclusion for purchases made with cryptocurrency. from Cointelegraph.com News https://ift.tt/VCofNlI via IFTTT

A new bipartisan bill has been introduced in the Senate that would simplify the use of cryptocurrency for everyday purchases by creating tax exemption for personal crypto transactions under $50 as well as when the capital gains are less than $50. New ‘Virtual Currency Tax Fairness Act’ A new bipartisan bill , known as the “Virtual Currency Tax Fairness Act,” was introduced in Congress Tuesday by Senators Pat Toomey (R-PA) and Kyrsten Sinema (D-AZ). According to the announcement by the U.S. Senate Committee on Banking, Housing, and Urban Affairs, the bill aims to “simplify the use of digital assets for everyday purchases” by creating “tax exemption for small personal transactions.” Senator Toomey commented, “While digital currencies have the potential to become an ordinary part of Americans’ everyday lives, our current tax code stands in the way.” He added: The Virtual Currency Tax Fairness Act will allow Americans to use cryptocurrencies more easily as an everyday method of paym...

While an ongoing technical divergence between BOND's price and volumes suggests upside exhaustion. from Cointelegraph.com News https://ift.tt/yCwHckO via IFTTT

On Tuesday, a newly published report details that the cryptocurrency exchange Kraken is under federal investigation for allegedly violating U.S. sanctions, according to five people familiar with the matter. The unknown sources explained that the inquiry into Kraken started in 2019, and it’s accused of allowing users from sanctioned countries like Iran access to the digital currency trading platform. Treasury’s Office of Foreign Assets Control Is Allegedly Investigating Kraken The San Francisco-based crypto exchange Kraken is allegedly under investigation by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), according to a report published by the New York Times (NYT) on July 26, 2022. Kraken founded in July 2011 by Jesse Powell is one of the oldest digital currency exchanges in the world. The NYT report cites “five people affiliated with the company or with knowledge of the inquiry.” Furthermore, the report also says the anonymous sources did not want to be n...

An artist from Latvia is under investigation for allegedly selling NFTs, or non-fungible tokens, to launder money, for which he may get up to 12 years in prison. The authorities have blocked his bank accounts and launched an investigation without even notifying him. Artist Who Sold Over 3,500 NFTs Prosecuted for Money Laundering in Latvia Latvian artist and developer Ilya Borisov is awaiting trial amid accusations he used digital collectibles to launder €8.7 million ($8.8 million), as investigators claim to have established. He denies any wrongdoing and is determined to seek justice in court. Borisov launched a website under the ‘Art ― Crime’ title, which reveals how the Latvian government froze his accounts without any formal notice. A criminal case was initiated against the artist in February, but he only found out about it in May. According to the site, the Latvian sold 3,557 NFTs to earn the amount in question. Quoted by the crypto news outlet Bits.media, Borisov insisted he ...

During the last few weeks, non-fungible token (NFT) sales have remained flat and data from the past seven days have shown NFT sales are down 8.11% lower than the week prior. Despite the downturn, a few NFT collections saw significant percentage increases in terms of sales as the collections like Electricsheep, Moonbirds, and Moonbirds Oddities have spiked between 90% to more than 16,000%. NFT Sales Down 8% as Ethereum-Based NFTs Command 83% of This Week’s $159 Million in Sales Volume Data from the last seven days indicates that $159.24 million in NFT sales have been recorded, which is 8.11% lower than the week prior’s $173.29 million in sales. $133.45 million or 83% of the aggregate NFT sales settled this week derived from Ethereum-based NFTs. The remaining sales stemmed from 17 different blockchain networks. While Ethereum captured the lion’s share, NFT sales stemming from the ETH chain are down 8.16% this week. The blockchain that has seen notable seven-day gains is the Palm ne...

Federated sidechains utilize key management to provide security and allow functionality beyond the Bitcoin mainchain. bit.ly/3f7o14k http://dlvr.it/SVVPst

The unresolved issues in the bill reportedly included provisions on custodial wallets from the Treasury Department, and concerns from the Securities and Exchange Commission. from Cointelegraph.com News https://ift.tt/7ZEVlJ9 via IFTTT

A crypto hedge fund co-founders acknowledge their mistakes, driven by bull market overconfidence. from Cointelegraph.com News https://ift.tt/segQRBw via IFTTT

Chipotle Mexican Grill, often referred to as simply Chipotle, has announced a new cryptocurrency game that encourages fans to “Buy the Dip.” The game aims to give away over $200K in crypto rewards and coupons for specific foods priced at a penny. Chipotle Returns With Another Crypto-Infused Contest In April 2021, Bitcoin.com News reported on the American fast-food chain Chipotle (NYSE: CMG ) giving away free burritos and bitcoin ( BTC ) to celebrate National Burrito Day. The giveaway was featured as a game that visitors could play in order to win a BTC or burrito reward. Chipotle is back again with another crypto-infused game called “Buy the Dip.” The announcement sent to Bitcoin.com News details that more than 500 players will compete for $200K worth of bitcoin ( BTC ), ethereum ( ETH ), solana (SOL), avalanche (AVAX), and dogecoin (DOGE). Hundreds of thousands of players will get coupons for 1-cent guac and 1-cent queso blanco through July 31, otherwise known as National Avoc...

Data shows investors jumping back into fiat and a lack of bullish leverage in the crypto market suggests another correction is in the making. from Cointelegraph.com News https://ift.tt/ZJyYbp7 via IFTTT

After people have accused bureaucrats and government agencies of changing definitions during the last few years, Joe Biden’s administration now claims that a second consecutive quarter of negative gross domestic product (GDP) does not indicate the U.S. is in a recession. This is despite the fact that two negative GDPs have always been considered a recession in the eyes of economists worldwide for years. Furthermore, U.S. treasury secretary Janet Yellen now insists that two declining GDPs is “not the technical definition.” White House Claims Two Consecutive Quarters of Falling GDP Does Not Constitute a Recession This week market analysts, news outlets, and economists are accusing the White House of “Soviet-level propaganda” after the Biden administration redefined the technical definition of a recession. On July 21, 2022, the Biden administration published a blog post called “How do economists determine whether the economy is in a recession?” “While some maintain that two consecut...

Bitcoin and most major altcoins have dipped to their immediate support levels, indicating that bears remain active at higher levels. from Cointelegraph.com News https://ift.tt/fsZ3mu0 via IFTTT

pLN is a new wallet project that aims to make it easy for users to follow the “happy path” of making bitcoin payments privately on Lightning. bit.ly/3f7o14k http://dlvr.it/SVSMV1