MLM Network Zone

How will the President’s student loan debt relief program impact Bitcoin? It boils down to demographics. bit.ly/3f7o14k http://dlvr.it/SXWHPm

The blockchain gaming firm in question raised over $200 million on Monday to further its NFT operations. from Cointelegraph.com News https://ift.tt/O3QaRyS via IFTTT

Albanian authorities have detained the founder and chief executive of the Turkish cryptocurrency exchange Thodex, who allegedly fled Turkey with customer funds as the trading platform collapsed. Faruk Fatih Ozer was wanted for fraud with a red notice issued by Interpol. Albania Captures Alleged Crypto Fraudster, Prepares to Hand Him Over to Turkish Judiciary Police in Albania arrested 27-year-old Turkish businessman Faruk Fatih Ozer who founded and operated the now-defunct crypto exchange Thodex. Albanian law enforcement has been trying to locate him since he reportedly fled to the country with $2 billion of investors’ assets. Close to 400,000 people are believed to have suffered losses. According to an announcement by Turkey’s Ministry of Internal Affairs, quoted by the Anadolu Agency and other Turkish media, the Minister of the Interior of Albania Bledar Çuçi informed his counterpart in Ankara, Süleyman Soylu, that Ozer was captured in the city of Vlora. His identity was confirme

Relationships are another victim of the high time-preference infection created by fiat money. bit.ly/3f7o14k http://dlvr.it/SXVgKw

A lack of oracle support, the majority of DApps being supportive of the Merge and Ethereum Classic's minimal developer activity suggests that PoW hard forks will fizzle. from Cointelegraph.com News https://ift.tt/IRfT39H via IFTTT

Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operation’s hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve months’ time. The news follows a number of expansions bitcoin mining operations have embarked upon during 2022’s tumultuous crypto market. Cleanspark’s Hashrate Surpasses 3 EH/S, Bitcoin Miner’s Executive Chairman Says Firm Was Prepared ‘for a Rough Market’ On Tuesday, the bitcoin mining operation Cleanspark (Nasdaq: CLSK ) announced that the company’s hashrate has officially surpassed 3 EH/s. Cleanspark notes that the firm’s hashpower has jumped three times higher in less than a year and currently the company has 31,000 ASIC (application-specific integrated circuit) mining rigs. According to the company, Cleanspark has recorded a “daily production high of 13.25 bitcoins.” Cleanspark’s update on Tuesday follows the firm revealing it acquired thousands of next-generation ASIC miners at a

Bitcoin mining with flared gas and animal waste gases could help the world’s largest cryptocurrency on a path to becoming zero-emission money. from Cointelegraph.com News https://ift.tt/xKJRvDs via IFTTT

Biden’s student loan forgiveness plan demonstrates the need for sovereign financial rails like Bitcoin. bit.ly/3f7o14k http://dlvr.it/SXRsRV

Singapore’s central bank, the Monetary Authority of Singapore (MAS), is contemplating imposing stricter rules on retail crypto investors. “MAS regards cryptocurrencies as unsuitable for use as money and as highly hazardous for retail investors,” said the central bank chief. New Rules May Be Coming to Retail Crypto Investors in Singapore Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), the Singaporean central bank, talked about cryptocurrency regulation at the Green Shoots seminar Monday. He outlined five areas of risk in digital assets that the central bank’s regulatory approach is focused on. They are combating money laundering and terrorist financing risks; managing technology and cyber-related risks; safeguarding against harm to retail investors; upholding the promise of stability in stablecoins; and mitigating potential financial stability risks. The central bank chief noted: MAS regards cryptocurrencies as unsuitable for use as money and as hi

He claims that the recordings were a setup by a third party to discredit the lawyer and his firm, but the “whistleblowing” website is standing by its story. from Cointelegraph.com News https://ift.tt/Nv0iB2R via IFTTT

The move comes one month after the CAR rolled out the new incentive to boost crypto innovation in the country. from Cointelegraph.com News https://ift.tt/aTBnwjI via IFTTT

ASIC prepares to put crypto and DeFi firmly in its sights. Australia’s Northern Territory Racing Commission is preparing to adopt cryptocurrencies in gambling from Cointelegraph.com News https://ift.tt/3hDRQ40 via IFTTT

A Korean translation of the EU regulatory framework gave the Bank of Korea food for thought, and it shared its views on ICOs, stablecoins and protecting innovation. from Cointelegraph.com News https://ift.tt/3LxIp9o via IFTTT

On August 29, the digital collectibles company Veve announced that the platform has launched digital variant non-fungible token (NFT) covers from three Marvel comic book artists. Veve and Marvel detailed that the NFT drops called the Marvel Artworks collection will be limited edition, 1-of-1 releases of three Marvel comic covers featuring Spider-Man, and the Black Panther. Veve Reveals Marvel Artworks Collection Marvel Entertainment continues to release products for the NFT industry with the company Veve Digital Collectibles. The two firms recently revealed plans to drop three limited edition NFTs from the Marvel Artworks collection. Veve has worked with Marvel in the past dropping Spider-Man and Captain America digital collectibles in 2021. Further, Veve has collaborated with Marvel’s competitor DC Comics and the entertainment giant Walt Disney . The latest Veve and Marvel NFT auction started today, and it runs through Friday, September 2, 2022, at 2:00 p.m. (PT). Bids start

Bitcoin bulls are fighting to hold the $20,000 level and several altcoins have seized upon the range-bound trading by rallying up to 10%. from Cointelegraph.com News https://ift.tt/4Udw8IK via IFTTT

“This will enable people to connect their digital wallets once to either app in order to share their digital collectibles across both," said Meta. from Cointelegraph.com News https://ift.tt/E45rmql via IFTTT

With Bitcoin, humanity has never before had such a fair game. A truly free market ledger that anyone can access and verify if they play by the rules. bit.ly/3f7o14k http://dlvr.it/SXP79g

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that all markets are crashing, specifically naming real estate, stocks, gold, silver, and bitcoin. Referencing his earlier prediction of a bigger crash than during the 2008 financial crisis, Kiyosaki said: “That crash is here. Millions will be wiped out.” Robert Kiyosaki Predicts Market Crashes The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with dire warnings about market crashes. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki described in a tweet Friday that every market is crashing and the middle class will be wiped out by “higher oil inflation.” He wrote: All markets crashing: real estate, stocks, gold, silver, bitcoin. Middle class wiped out by higher oil inflati

With just over two weeks until The Merge, Ethereum network fees have reduced significantly as the average ethereum transfer fee has dropped to 0.00092 ether or $1.37 per transaction on August 28. Median-sized fees have slid to 0.00036 ether or $0.544 per transfer, and etherscan.io’s gas tracking tool notes a priority fee will cost 11 gwei or $0.34 to get a transaction confirmed in roughly 30 seconds. Ethereum’s Onchain Transfer Cost Remains Low, L2 Transfer and Swap Fees Are Still Cheaper On August 16, the Ethereum Foundation updated a previously published blog post in order to make it clear that The Merge would not reduce gas fees and improve throughput. While The Merge is a little more than two weeks away , Ethereum gas fees have been far less expensive than they were before mid-June. At that time, in the middle of June, Ethereum’s average gas fees started to drop lower from $3.86 per transaction to 0.00086 ether or $1.46 per transfer during the first week of August. Gas fees

It’s difficult to imagine a better position than dedicating your time and attention to spreading Bitcoin adoption. bit.ly/3f7o14k http://dlvr.it/SXNvsr

Cardano founder Charles Hoskinson detailed on Friday that the Vasil hard fork is coming soon and noted that it may occur “sometime in September.” The crypto asset’s upgrade has been overshadowed by the upcoming Ethereum upgrade called The Merge. Vasil Hard Fork Due ‘Sometime in September,’ Input-Output Global’s Charles Hoskinson Says The proof-of-stake (PoS) blockchain Cardano (ADA) has plans to implement a hard fork roughly around the same time The Merge is expected to be implemented. Ethereum’s Merge is roughly 16 days away from now and the change will transition Ethereum’s proof-of-work (PoW) consensus mechanism to a PoS blockchain. Speaking during a Twitter live stream on Friday, Hoskinson told the public that while “extensive testing” is still being conducted, the Vasil hard fork could take place in mid-September. Much like The Merge, Cardano’s hard fork was postponed at the end of June. The Vasil hard fork aims to add four Cardano Improvement Proposals (CIPs) into th

Interoperability enables blockchain networks and protocols to communicate with each other, making it easier for everyday users to engage with blockchain technology. from Cointelegraph.com News https://ift.tt/Obv2q3C via IFTTT

Bitcoin price looks set for more downside, but this could present trade opportunities in MATIC, ATOM, XMR and CHZ. from Cointelegraph.com News https://ift.tt/z7ZakSy via IFTTT

Binance is helping the South Korean city of Busan “grow crypto adoption within the city and beyond.” The global crypto exchange will also support the development of the city’s blockchain ecosystem and the Busan Digital Asset Exchange. Binance Signs MOU With Busan City Cryptocurrency exchange Binance announced Friday that it has signed a Memorandum of Understanding (MOU) with Busan Metropolitan City. Busan, located on the southeastern tip of the Korean peninsula, is the second largest city in South Korea with approximately 3.4 million residents. “As part of the agreement, the city of Busan will receive technological and infrastructure support from Binance for the development of the city’s blockchain ecosystem and promotion of the Busan Digital Asset Exchange,” Binance explained. “Another form of cooperation between the two parties will be order book sharing,” the company added, noting that it will be establishing a presence in Busan by the end of the year. Binance CEO Changpeng Zh

Trying to define and apply the label of Bitcoin Maximalism is a non-productive criticism that obscures more than it clarifies. bit.ly/3f7o14k http://dlvr.it/SXM3dJ

Twitter Inc. has been ordered to provide additional data relating to spam and bot accounts to Elon Musk. The social media giant has sued the Tesla CEO for terminating his $44 billion offer to buy the social media platform. The U.S. Securities and Exchange Commission (SEC) has also questioned Twitter about the number of spam accounts. Court Orders Twitter to Give Additional Data to Elon Musk Chancellor Kathaleen St. J. McCormick, a judge on the Delaware Court of Chancery, signed an order Thursday requiring Twitter Inc. (NYSE: TWTR) to provide additional data to Tesla and Spacex CEO Elon Musk. Plaintiff Twitter has sued defendants Musk and his two companies, X Holdings I and X Holdings II, for terminating the $44 billion deal to buy the social media platform. Musk has countersued Twitter. Judge McCormick stated in her order: Defendants’ data requests are absolutely abroad. She added: “Read literally, Defendants’ documents request would require Plaintiff to produce trillions upo

This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement on August 15 for land in North Dakota. Applied Digital Enters Purchase Agreement on August 15, Groundbreaking Planned for Q3 2022 Another mining company is reporting expansion updates as Applied Digital (formerly Applied Blockchain) has revealed it has entered a purchase agreement on August 15. The deal will add a second mining facility in the state of North Dakota. The company’s news follows the firm getting a $15 million loan to fund growth and “buildout of its data centers.” Applied Digital said , on August 25, that it changed the company name to “reflect the company’s broader business opportunities within larger high-power computing (HPC) applications.” On the same day, it released a financial and operational upda

Crypto can act as protection against inflation, but not until it establishes its fundamentals and achieves mass adoption. from Cointelegraph.com News https://ift.tt/IiUe4Bf via IFTTT

On Saturday, August 27, 2022, the global market capitalization of all the crypto assets in existence dropped under the $1 trillion mark and the leading crypto asset bitcoin slipped below the $20K region for the first time since mid-July. Crypto Economy Craters — More Than $240 Billion Erased in 13 Days Digital currency markets this weekend are feeling the pain as the global cryptocurrency market capitalization today is just under $1 trillion, down 4% during the last 24 hours. That was after the crypto economy shed more than 6% the 24 hours prior. The crypto market’s major decline took place almost immediately after Fed chair Jerome Powell gave his speech at the annual Jackson Hole Economic Symposium on Friday. At the time of writing, bitcoin ( BTC ) is down 3.5% today and 4.5% over the last seven days and the leading crypto asset is trading for $19,968 per unit. BTC fell to a daily low today tapping $19,766 per unit at 11:39 a.m. (EST). Ethereum ( ETH ), the second largest crypto

On Friday, Jerome Powell spoke at the annual Jackson Hole Economic Symposium and the Federal Reserve chair explained that the U.S. central bank is focused on fighting the country’s red-hot inflation. Powell stressed at the event that strict monetary policy is necessary, and his commentary hinted that the Fed won’t hit the brakes on monetary tightening until inflation is tamed. Fed Chair Jerome Powell Says US Central Bank’s Inflation Policy Could Bring ‘Some Pain to Households and Businesses’ Jerome Powell had a lot to say on Friday while the Fed’s chief spoke for ten minutes at this year’s Jackson Hole Economic Symposium hosted by the Federal Reserve Bank of Kansas City. The event dubbed “Reassessing Constraints on the Economy and Policy” featured a number of the world’s central bank officials and policymakers. Powell discussed inflation in the U.S. and he noted that doing away with the country’s price volatility will take “some time.” Powell further warned that the Fed’s battle w

“Should an ETH PoW fork arise following The Merge, this asset will be reviewed with the same rigor as any other asset that is listed on our exchange,” said Coinbase. from Cointelegraph.com News https://ift.tt/qQH8l3B via IFTTT

The Lightning accelerator, Wolf, will be based in Manhattan, New York and is exclusively non-remote. It will include mentorship, funding and work space. bit.ly/3f7o14k http://dlvr.it/SXJgDM

The crypto exchange accused a Tezos tool contributor of "mislead[ing] the community" by claiming it was unaware of the reason Binance blocked access to its corporate account. from Cointelegraph.com News https://ift.tt/D6fzJCs via IFTTT

Bitcoin and altcoins followed stocks lower after hawkish statements from the Federal Reserve confirmed that the central bank remains serious about reducing inflation. from Cointelegraph.com News https://ift.tt/EFNkRTW via IFTTT

Law enforcement in Afghanistan has shut down over a dozen crypto exchanges in Herat, detaining the people who were running them. The offensive comes after the introduction of a ban on online foreign exchange that the Taliban seem to have applied to coin trading as well. Taliban Government Goes After Crypto Trading in Afghanistan Citing Scamming as Motive Afghan security forces have closed down a number of crypto exchanges in the western Herat province in the past week, the English-language Ariana News portal reported on Tuesday. At least 16 platforms trading digital currencies have been shut down, the outlet unveiled. The report quotes the head of the counter-crime unit of the Herat police Sayed Shah Sa’adat who reminded that Da Afghanistan Bank ( DAB ), the country’s monetary authority, said in a notice that crypto trading had caused lots of problems, including scamming people. He also stated: We acted and arrested all the exchangers involved in the business and closed their sho

Stablecoin issuers Tether, Circle and others hold more short-term U.S. Treasury Bills than Berkshire Hathaway. from Cointelegraph.com News https://ift.tt/mP5gycR via IFTTT

China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is currently the weakest it has been against the U.S. dollar in roughly two years. Amid the depreciating yuan, China is suffering from a significant real estate crisis as the overextended Chinese housing sector has been collapsing. China’s Yuan Slides to a 2-Year Low Against the US Dollar, PBOC Slashes Rates to Bolster Liquidity The global economy is not looking great these days and cracks are starting to show in nearly every single country worldwide. This week while the U.S. dollar and Russian ruble remain robust, the Chinese yuan has been weak against the greenback and more so than it has been in two years. At the time of writing, the yuan is trading for 6.86 to the dollar , or levels not recorded since August 2020. Of course, the country’s central bank, the People’s Bank of China (PBOC), ha

A Bitcoin standard in Africa could mean economic growth, higher quality of life and financial freedom for all Africans. bit.ly/3f7o14k http://dlvr.it/SXFgMR

On Thursday, the popular cable channel MTV revealed that the legendary rappers Eminem and Snoop Dogg plan to perform the duo’s hit single “From the D 2 The LBC” this Sunday. The music video features the non-fungible tokens (NFTs) stemming from the Bored Ape Yacht Club (BAYC) collection, and the upcoming show is considered the first-ever metaverse-inspired award show performance. MTV to Air Metaverse-Inspired Performance Featuring Hip Hop Stars Eminem and BAYC NFTs In three days on August 28, 2022, at 8 p.m. (EST), MTV will be hosting the Video Music Awards commonly referred to as the VMAs. The award ceremony will be MTV’s 37th video award presentation since September 14, 1984. This year’s VMA’s will be held at the Prudential Center in Newark, New Jersey, and hosted by LL Cool J, Nicki Minaj, and Jack Harlow. On August 25, MTV tweeted about a special performance from the rap stars Snoop Dogg and Eminem. “GET READY… [Eminem and Snoop Dogg] are bringing “From the D 2 The LBC” to the

Recurring bear flags and the Fed’s telegraphed monetary policy are painting a roadmap for BTC’s future price action. from Cointelegraph.com News https://ift.tt/kD9wsnT via IFTTT

The Afghan central bank declared forex trading un-Islamic and illegal earlier this year, and issued a warning about continuing activities a month later; now arrests have been made. from Cointelegraph.com News https://ift.tt/P2bYG8t via IFTTT

The largest cryptocurrency automated teller machine (ATM) operator, Bitcoin Depot, has revealed it has plans to go public via a special purpose acquisition company (SPAC) deal. The $885 million acquisition deal with GSR II Meteora (GSRM) will make Bitcoin Depot a publicly-traded company listed on Nasdaq. Bitcoin Depot Reveals SPAC Deal With GSRM, Post-Transaction BTM Secures Equity Value of $885 Million On Thursday, the U.S.-based crypto ATM operator Bitcoin Depot announced that the company will soon be a publicly-listed firm after merging with the blank check company GSR II Meteora (Nasdaq: GSRM ). SPAC mergers have been a popular vehicle for crypto companies looking to get listed faster than traditional initial public offering (IPO) strategies. Bitcoin Depot is the largest crypto ATM operator in terms of machines deployed worldwide as data from coinatmradar.com indicates it has close to 7,000 distributed machines. “Today marks an important milestone for Bitcoin Depot,” Brandon

On Thursday, following the official proof-of-stake (PoS) transition announcement from the Ethereum Foundation, Ethereum Classic’s hashrate tapped another all-time high at block height 15,806,925. The latest jump to 38.64 terahash marks the network’s second record high in five days, as Ethereum Classic captured 38.37 terahash per second (TH/s) on August 20, 2022. Ethereum Classic Hashrate Spikes Following the Latest Merge Announcement The Ethereum Foundation recently published a blog post called the “ Mainnet Merge Announcement ,” which gives the public more precise dates concerning The Merge upgrade. At the time of writing, The Merge is expected to go live on Sept 10-20, 2022 , and when that happens, Ethash proof-of-work (PoW) miners will be forced to mine another Ethash-supporting crypto network. Ethash miners have a few coins they can choose from, like ravencoin (RVN), ergo (ERGO), beam (BEAM), and ethereum classic ( ETC ). Five days ago, Bitcoin.com News reported on ETC ’s has