MLM Network Zone

bit.ly/3f7o14k People have told me for years that I have the guts to say what everyone is thinking, but won’t say. That may be true, and it sure hasn’t made me any friends. It got me thown out of the MLM Good Ole Boys and Girls Club years ago. LOL Honestly, the only focus I have […] http://dlvr.it/SZFnf4

U.S. District Court Judge Analisa Torres overruled the SEC’s second attempt to withhold the documents relating to former Division Director William Hinman, who said Bitcoin and Ether are not securities. from Cointelegraph.com News https://ift.tt/cwxrFvs via IFTTT

Following the introduction of the Crypto Market Integrity Coalition (CMIC) with 17 member firms last February, the organization has added eight new members. New coalition recruits include Bittrex, Merkle Science, Crystal Blockchain and Bitgo. 8 Crypto Market Firms Join Crypto Market Integrity Coalition to Improve Self-Regulation Seven months ago, 17 crypto firms announced the formation of the Crypto Market Integrity Coalition (CMIC), a group that aims to bolster a sensibly-regulated crypto industry. Original CMIC members included Circle, Coinbase, Anchorage Digital, Huobi Tech, Liberty City Ventures, and the Chamber of Digital Commerce. “Through the pledge, the coalition seeks to send an unequivocal message at this critical moment in the evolution of digital assets: The crypto industry has made enormous strides to improve market integrity in the past few years,” the CMIC launch announcement noted on February 7, 2022. On Thursday, CMIC detailed that eight new members have joined t...

Gibraltar is becoming well known for its pioneering crypto regulations, support for blockchain development and bitcoin adoption. from Cointelegraph.com News https://ift.tt/Rkdw5Ys via IFTTT

Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the currency. Similar to other currencies that have been depreciating against the dollar, the yuan has now lost 12% versus the greenback so far this year. Central Bank Warns Currency Speculators The Chinese yuan’s onshore exchange rate against the greenback recently plunged to 7.2458 for every dollar, the lowest since January 2008. The yuan’s latest slump came just days after the exchange rate between the two currencies breached the 1:7 mark. Since then — September 15, 2022 — the yuan has now depreciated by over 3%. Overall, the Chinese yuan has lost over 12% against the U.S. dollar since the start of the year. According to a Reuters report , the Chinese yuan, just like other global currencies, has struggled against the dollar ever since the U.S. Federal Reserve began marginally increasing int...

On September 28, the bitcoin mining operator and clean-technology company, SAI Tech, announced the launch of two liquid cooling bitcoin mining infrastructure products called the Tankbox and Rackbox. The two new models join the firm’s SAIHUB Box and feature plate cooling and immersion cooling technologies. SAI Tech Unveils Tankbox and Rackbox Bitcoin Mining Infrastructure Products As cryptocurrency mining continues to improve application-specific integrated circuit (ASIC) efficiency and mining infrastructure technologies, SAI Tech (Nasdaq: SAI ) has announced the launch of two mining infrastructure modules that leverage liquid cooling schemes. The first is the Tankbox, which can accommodate roughly 72-144 ASIC mining rigs and produce anywhere between 12 to 20 petahash per second (PH/s) of hashrate. Tankbox will be available to the public by the end of 2022 and the module is “equipped with heat recovery system and can provide ~50°C hot water outflow.” SAI Tech has also introduced t...

Users in 100 countries can now connect their digital wallets, post and share nonfungible tokens. from Cointelegraph.com News https://ift.tt/6FNuQhp via IFTTT

Adopting Bitcoin will see 110 speakers from 30 countries, including Mexican Senator Indira Kempis, discussing financial inclusion and technology. bit.ly/3f7o14k http://dlvr.it/SZBLb6

Under the proposed amendment, the 2015 legislation would be renamed the Cryptocurrency Cybersecurity Information Sharing Act. from Cointelegraph.com News https://ift.tt/4uj0RLx via IFTTT

According to the Los Angeles management firm, "better bids were on the table" for depositors and the community. from Cointelegraph.com News https://ift.tt/mbWenhG via IFTTT

Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to “narrow the negative real interest rate gap and rein in inflation.” The rate increase came just days after the naira’s parallel exchange rate against the dollar plunged to a new low. Narrowing the Negative Real Interest Rate Gap According to the Central Bank of Nigeria (CBN), members of the bank’s monetary policy committee (MPC) have voted “unanimously to raise the policy rate to narrow the negative real interest rate gap and rein in inflation.” Following the vote, Nigeria’s key interest rate — the monetary policy rate (MPR) — now stands at 15.5%, up from 14%. In a statement, the CBN said the decision to increase MPR by 150 basis points was made because members of the MPC felt that any attempt to loosen the policy rate would be detrimental. At this [MPC] me...

Allaire believes that privacy and identity are two fundamental pillars of a new Web3. from Cointelegraph.com News https://ift.tt/6WZrhLM via IFTTT

In a lengthy appraisal of distributed ledger technology, Cunliffe weighed its technical implications, which will be examined in greater detail when the FMI Sandbox premiers in 2023. from Cointelegraph.com News https://ift.tt/9dDZAab via IFTTT

BPI details the authoritative actions of China and the likely authoritarian regime that will come in the wake of a CBDC, says bitcoin is the alternative. bit.ly/3f7o14k http://dlvr.it/SZ6w1r

PRESS RELEASE. The preservation of the Euro sculpture in downtown Frankfurt, Germany, has been in danger in recent months as no sponsors were willing to provide the required financing. At the same time, the costs of maintaining the sculpture have risen considerably, mainly due to increased levels of vandalism. The independent non-profit association Frankfurter Kultur Komitee e.V., the owner of the Euro sculpture, would have been forced to have the sculpture auctioned off as a last resort by 15 October 2022 if no one had stepped forward to help. Because of this situation and the resulting discussion in the media, the issue became a hot topic. Through this media attention, the Frankfurt company CAIZ Development GmbH became aware of the problem. As a local company with its roots firmly in the financial centre, they quickly decided to develop the financing necessary for the Euro sculpture to remain in Frankfurt. CAIZ Development is a fintech company headquartered in Frankfurt, and it...

On Tuesday, September 27, 2022, Celsius Network CEO Alex Mashinsky submitted a letter of resignation from the company. Mashinsky added that he still plans to help the embattled crypto lender “achieve a successful reorganization.” Alex Mashinsky Resigns From Embattled Celsius — Founder Apologizes for the ‘Difficult Financial Circumstances’ After Celsius paused withdrawals on June 12, 2022, over a month later the company filed for Chapter 11 bankruptcy protection. Just recently, leaked audio from Celsius executives suggested the firm might try to leverage an IOU crypto to pay investors back. Three days following that report, Celsius Network CEO Alex Mashinsky told the public in a press release that he has resigned from his post. “Effective immediately, please accept my resignation as CEO of Celsius Network Ltd, as well as my directorships and other positions at each of its direct and indirect subsidiaries, with the exception of my director position at Celsius Network Ltd,” Mashin...

The cryptocurrency exchange has been holding workshops for law enforcement worldwide since hiring a prominent IRS cybercrime investigator to head its anticrime unit. from Cointelegraph.com News https://ift.tt/YR36rie via IFTTT

"We’ve got to move, pick a regulator, and give the market the certainty and guardrails it deserves," said House Representative Josh Gottheimer. from Cointelegraph.com News https://ift.tt/1dRxjP8 via IFTTT

The largest exchanges in Russia are ready to begin operating with cryptocurrencies right after authorities legalize cross-border settlements in crypto, according to a leading member of the Russian parliament. The stock and commodity trading platforms in Moscow and St. Petersburg are working to develop this market, the high-ranking official added. Russia’s Top Exchanges Waiting for Moscow’s Green Light on Cryptocurrency Payments Major Russian exchanges are prepared to start working with cryptocurrencies as soon as government institutions create the legal conditions for crypto settlements, the head of the Financial Market Committee at the State Duma, the lower house of parliament, has announced. Moscow Exchange , St. Petersburg Exchange, and the St. Petersburg International Commodity Exchange are actively working to develop the market and are ready to immediately get involved in the process, since the infrastructure is already there, Anatoly Aksakov said in an interview with Parlame...

BTC’s attempt to recapture $20,000 as support failed, but on-chain data reveals a handful of positives. from Cointelegraph.com News https://ift.tt/ncq3Pjz via IFTTT

The American financial services company headquartered in Menlo Park, California, Robinhood Markets, Inc., announced the launch of a new non-custodial Web3 crypto wallet on Tuesday and said the product supports the Polygon blockchain network. The application is currently for iOS users only and Robinhood is rolling out the beta version of the Web3 wallet to 10,000 clients on the company’s waitlist. Robinhood Launches Beta Web3 Crypto Wallet to 10,000 Select Customers During the last 12 months, Robinhood Markets has shown a strong interest in building cryptocurrency products and services. At the end of January 2022, Robinhood started to roll out the beta version of its crypto wallet that supports bitcoin ( BTC ), dogecoin (DOGE), and ethereum ( ETH ). In April, Robinhood expanded the crypto wallet participants to 2 million customers and in mid-May, the financial services company hinted at the non-custodial Web3 wallet release. The beta version of the Web3 wallet initially will sup...

Too many continue to conflate Bitcoin with cryptocurrencies, but those arguments can be dismantled, step by step. bit.ly/3f7o14k http://dlvr.it/SZ3WpT

It seems that some GPU owners have resorted to selling power to non-crypto projects following the Ethereum Merge. from Cointelegraph.com News https://ift.tt/DVrw6oc via IFTTT

Multiple indicators of economic health all point to a severe recession hitting the US and global economy soon. What could this mean for crypto investors? from Cointelegraph.com News https://ift.tt/5avsL24 via IFTTT

Grayscale Investment’s Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTC’s discount to spot has been underwater for a total of 577 consecutive days. GBTC Discount to NAV Widens by 35% — Fund Reaches an All-Time Low Against BTC Spot Price The Grayscale Bitcoin Trust (OTCMKTS: GBTC ) is the oldest, and one of the most popular, bitcoin ( BTC ) funds on the market today. However, in recent times GBTC has been suffering from a discount compared to BTC ’s spot market values. Unfortunately, GBTC has been trading at a discount rather than a premium since February 26, 2021, or for roughly 577 straight days. GBTC’s current pre-market value is $11.20 and according to Securities and Exchange Commission (SEC) filings , there’s 643,572 BTC held by the trust. Metrics indicate that the 643,572 BTC equates to 3.065% of the 21 million bitcoin supply cap. GBTC’s 35.18% discount is the fund’s all-time low against...

Bitcoin and altcoins appear to be ignoring the headline of the U.S. dollar index soaring to a 20-year high as the British pound plummets to a record-low against DXY. from Cointelegraph.com News https://ift.tt/fxjTwve via IFTTT

The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy, but could the British pound's weakness be a positive for Bitcoin. from Cointelegraph.com News https://ift.tt/Ib4hPrc via IFTTT

A technical and in-depth analysis of the trade-offs that Ethereum’s consensus mechanism makes in its switch to proof-of-stake and how proof-of-work differs. bit.ly/3f7o14k http://dlvr.it/SZ0Kmz

The plaintiff, Veritaseum believes that other centralized and decentralized crypto exchanges may have also unlawfully used the patent to facilitate crypto payments, trading, and staking services. from Cointelegraph.com News https://ift.tt/t69PcFV via IFTTT

California Governor Gavin Newsom has vetoed a bill to regulate crypto in his state. He stressed that “a more flexible approach is needed” to “keep up with rapidly evolving technology and use cases” in the crypto sector. Bill to Regulate Crypto in California Vetoed by Governor Newsom The governor of the U.S. state of California, Gavin Newsom, vetoed a number of bills Friday, including Assembly Bill 2269 (AB 2269) which will establish a licensing and regulatory framework for cryptocurrency. Assembly Bill 2269, titled “Digital financial asset businesses: regulation,” was introduced earlier this year by California Assembly Member Timothy Grayson. It passed the California State Senate on Aug. 29 and the California State Assembly the next day. “AB 2269 would establish a licensing and regulatory framework, administered by the Department of Financial Protection and Innovation, for digital financial asset activity,” the governor detailed, adding: Digital assets are becoming increasingl...

The Internal Revenue Service (IRS) has obtained a “court order authorizing summons for records relating to U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions.” The IRS commissioner commented: “The government’s ability to obtain third-party information on those failing to report their gains from digital assets remains a critical tool in catching tax cheats.” IRS Seeks Crypto Investors’ Records From Bank The U.S. Department of Justice (DOJ) announced Thursday that the Internal Revenue Service (IRS) has obtained a “court order authorizing summons for records relating to U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions.” U.S. District Judge Paul G. Gardephe entered an order on Sept. 22 “authorizing the IRS to issue a so-called John Doe summons requiring M.Y. Safra Bank to produce information about U.S. taxpayers who may have failed to report to the IRS, and pay taxes on, cryptocurrency transactions,” the DOJ detailed, noting...

If Bitcoin price stabilizes and begins to consolidate, these five altcoins could see strong upside. from Cointelegraph.com News https://ift.tt/mLr15gJ via IFTTT

Sources have disclosed that the digital currency mining operation, Bitdeer Technologies, has purchased a high-security storage and display facility in Singapore called Le Freeport for $28.4 million. Bitdeer’s chairman, Jihan Wu, confirmed the vault acquisition via a text message following the reports that revealed the mining firm purchased Le Freeport. Bitdeer Purchases Maximum Security Vault Le Freeport From Yves Bouvier, DBS After the co-founder of Bitmain Technologies Jihan Wu left the company, he co-founded a firm called Matrixport and he’s also the chairman of Bitdeer Technologies . According to a report published by Bloomberg, that cites sources familiar with the matter, Bitdeer paid S$40 million ($28.4 million) for the maximum security vault known as Le Freeport. The vault was originally constructed to be similar to the high-security storage vaults located in Luxembourg and Geneva. Freeport has also been dubbed “Singapore’s Fort Knox for fine art and collectibles.” Freepo...

The day of The Merge, Ethereum Classic’s hashrate soared to new highs tapping 306 terahash per second (TH/s) ten days ago on September 15. Since then, however, Ethereum Classic’s computational power has dropped 46.16% lower from the high to today’s 164.75 TH/s. Furthermore, ethereum classic’s market valuation has dropped by two positions and lost 26.7% against the U.S. dollar during the last two weeks. Ethereum Classic’s Hashrate and Price Sinks, While the 2 New PoW Ethereum Forks Jump Higher in USD Value After Ethereum transitioned from proof-of-work (PoW) to proof-of-stake (PoS) the lion’s share of Ethereum’s hashrate moved over to the Ethereum Classic ( ETC ) network. Data from 2miners.com shows ETC ’s hashrate jumped to an all-time high on September 15, 2022, the day of The Merge. That day, ETC ’s computational power reached 306 TH/s after climbing 482.85% higher than the 52.5 TH/s recorded on September 12. Six days beforehand, ETC ’s price tapped a high of $41.80 per unit on ...

The Markets in Crypto-Assets framework stands to get in the way of Circle's Euro Coin and other digital assets. Policymakers should revise the proposal. from Cointelegraph.com News https://ift.tt/SanZhsi via IFTTT

The automated protocol will launch with new features allowing bitcoiners to create their own liquidity pools, fees, and perform trustless swaps. bit.ly/3f7o14k http://dlvr.it/SYxz6d

The largest bank in Southeast Asia, DBS, has launched self-directed cryptocurrency trading via its app. More customers are now qualified to access the bank’s digital asset exchange and trade cryptocurrencies, including bitcoin and ether. DBS Launches Self-Directed Crypto Trading DBS, the largest bank in Southeast Asia, announced Friday that it “has rolled out self-directed crypto trading via DBS digibank.” The announcement details: Eligible clients can now trade cryptocurrencies on DBS Digital Exchange (Ddex) through DBS digibank at their convenience. The DBS digital asset exchange currently supports the trading of four cryptocurrencies — bitcoin, bitcoin cash, ether, and XRP . Previously, crypto trading on the exchange was limited to corporate and institutional investors, family offices, and the bank’s private wealth management clients. With Friday’s launch, DBS explained: For a start, an estimated 100,000 investors in Singapore meet this criteria, and are eligible to access...

Global investment bank JPMorgan is seeing little demand for crypto as a payment method. However, the bank noted that cryptocurrencies are becoming “larger and larger” in the gaming sector, including in the metaverse. JPMorgan Sees Little Demand for Crypto as a Payment Tool The global head of payments for JPMorgan’s Corporate & Investment Bank division, Takis Georgakopoulos, talked about client demand for crypto as a payment method in an interview with Bloomberg Television this week. He said: We saw a lot of demand for our clients, let’s say up until six months ago. We see very little right now. While noting that the demand for crypto as a payment tool has drastically declined, Georgakopoulos stressed that the bank will still support clients who want to use crypto for this purpose. He added that cryptocurrencies are also becoming “larger and larger” in the gaming sector — both in traditional gaming and in the metaverse, where he sees many opportunities. This week, JPMorgan ...

After predicting the biggest crash in world history, Robert Kiyosaki, the famous author of the best-selling book Rich Dad Poor Dad, says the “end is here” for fake money. He reiterated three lessons that will help investors “do well in market crashes.” Robert Kiyosaki on the End of Fake Money The author of Rich Dad Poor Dad, Robert Kiyosaki, shared some of his views and investment lessons in a couple of tweets this week. 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 tweeted on Tuesday explaining why he thinks the end of “fake” money has arrived. The famous author wrote: End is here. Called Jerry Williams, my trusted gold and silver dealer. He said: ‘I can’t get gold or silver coins. The mint will not sell me anymore.’ To me, this means the end of fake $ is here. ...

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! from Cointelegraph.com News https://ift.tt/damyVOi via IFTTT

The Moscow Exchange has proposed to legalize the issuance of receipts for digital financial assets. The trading platform says this will allow custodians to offer clients who are not ready for distributed ledgers to essentially work with securities. MOEX also plans to become a licensed crypto exchange operator. Largest Russian Stock Exchange Gears Up to Enter Digital Asset Market The leading exchange for equities and derivatives in Russia has drafted new legislation that would authorize depositories to issue receipts for digital financial assets (DFAs). In current Russian law, the broad term ‘DFAs’ encompasses cryptocurrencies in the absence of a more precise definition, but mainly refers to digital coins and tokens that have an issuer. Under such arrangement, DFA receipts can be traded as securities, explained Sergey Shvetsov, who heads the supervisory board of the Moscow Exchange ( MOEX ). During the latest edition of the International Banking Forum, the official emphasized that t...

According to leaked audio obtained by CNBC, the crypto lender Celsius wants to create an IOU cryptocurrency in order to pay clients back. The audio was provided by a Celsius customer and the recording explains the bankrupt crypto lender wants to create a form of “wrapped tokens” that represents a ratio of what customers are owed and what the firm has left on its balance sheet. The pitch claims that if Celsius customers hold on to their tokens there’s a possibility financial loss could be mitigated. Leaked Audio Verified by Former Celsius Employees Reveals an IOU Cryptocurrency Concept After a court-appointed examiner was added to the Celsius bankruptcy case and the crypto lender sought to reopen withdrawals for specific customers, leaked audio obtained by CNBC details that Celsius allegedly wants to create an IOU cryptocurrency. It all started 103 days ago on June 12, at 10:10 p.m. (ET), when Celsius told the public that it paused “all withdrawals, swaps, and transfers betwee...