MLM Network Zone

The leaders of the Bitcoin Charlotte meetup group put on the spooky HODLween event as a fun way to connect locals with the wider Bitcoin scene. bit.ly/3f7o14k http://dlvr.it/SbzLzn

Veteran trader Peter Brandt says the dogecoin bear market that began in May last year has ended. His comment came after the price of dogecoin soared following Tesla CEO Elon Musk’s acquisition of the social media platform Twitter. Peter Brandt on Dogecoin Outlook Veteran trader Peter Brandt shared his analysis of dogecoin (DOGE) Sunday. Brandt has been a futures and FX career trader since 1975. He is a chartist and the author of the Factor Report. He trades a variety of markets, including Dow futures, bonds, corn, crude oil, European wheat, Osaka Dow, U.S. dollar, and sugar. Tweeting a chart of DOGE, Brandt wrote: “This is called a bear channel, the upside violation of which has ended the bear market that began at the May 2021 high.” However, Brandt followed up with another tweet, warning traders not to fall for the common mistake of assuming that the end of a bear market automatically means a bull market has begun. He cautioned: A common mistake made by novice and wanna-be tra...

After last year’s hype over nonfungible tokens, people have been speculating about their potential. It created a bubble of unfounded expectations. from Cointelegraph.com News https://ift.tt/Aiw6NZx via IFTTT

Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “pretty big recession” will take place in 2023. Speaking in an interview on Oct. 28, Hanke said that he updated the probability of a U.S. recession to a 90% chance, as he believes the money supply has tightened at an “unprecedented” rate. Economics Professor Steve Hanke Says Probability of a U.S. Recession is Now 90% Professor Steve Hanke has been critical of the central banks worldwide and on Friday, he said the chances of a recession is very likely. Hanke spoke with the news anchor for Kitco News David Lin, and explained that he upped his prediction to a 90% chance a U.S. recession will occur. “Where we’re going is determined by where the money supply is going,” Hanke told Lin on Friday. “The Quantity Theory of Money is a way to determine national income determination.” The professor of ...

The Nordics remain a cold place for crypto, but Estonia still leads as the public blockchain adopter. from Cointelegraph.com News https://ift.tt/q4F07XV via IFTTT

Web3 companies continue to hire amidst a bull market as tech giants undergo layoffs and hiring freezes. from Cointelegraph.com News https://ift.tt/gybqnfS via IFTTT

After years of court battles in Chile, a cryptocurrency exchange has managed to open a bank account in Bci, a financial institution that established a protocol to serve these businesses. The first exchange that opened a bank account with the institution was Buda, a local exchange, which satisfied the requirements of the bank in the mentioned protocol. Cryptocurrency Exchanges Can Now Open Bank Accounts in Chile On Oct. 28, Bci, a bank in Chile, announced that it had developed a protocol to allow cryptocurrency exchanges to open checking accounts with the institution. This marks a milestone for cryptocurrency exchanges in the country, which had been fighting for the right to use traditional banking services for years. The protocol developed includes a series of requirements inspired by recommendations issued by the Financial Action Task Force (FATF), which include the fulfillment of compliance processes, traceability of transactions, prevention of money laundering, financing of terr...

The wallet leverages open-source software and bitcoin encryption to enable its users to custody not only BTC, but personal user data as well. bit.ly/3f7o14k http://dlvr.it/SbxCMS

U.S. lawmakers have raised concerns about the revolving door between financial regulators and the crypto industry. “Over 200 government officials have moved between public service and crypto firms,” the lawmakers said, adding that they include 31 Treasury Department officials and 28 Securities and Exchange Commission (SEC) officials. Revolving Door Between Financial Regulators, Like SEC, and Crypto Industry Five U.S. lawmakers have sent a letter to seven financial regulators inquiring about measures they are taking to prevent the revolving door between their agencies and the crypto industry. The letters, dated Oct. 24, were signed by Sen. Elizabeth Warren (D-MA), Sen. Sheldon Whitehouse (D-RI), Rep. Rashida Tlaib (D-MI), Rep. Alexandria Ocasio-Cortez (D-NY), and Rep. Jesús G. “Chuy” García (D-IL). The letters were sent to Securities Exchange Commission (SEC) Chair Gary Gensler, Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam, Treasury Secretary Janet Yellen, Federal...

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that stock, bond, and real estate markets will crash as the Federal Reserve continues to raise interest rates. Noting that the Fed will pivot, he advises investors to buy bitcoin. Robert Kiyosaki Recommends Buying Bitcoin Before Fed Pivot The author of Rich Dad Poor Dad, Robert Kiyosaki, has advised investors to buy bitcoin before the Fed pivots, reiterating that the Federal Reserve’s interest rate hikes will destroy the U.S. economy. 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 early Saturday morning that the prices of gold and silver are plunging as the Federal Reserve continues to raise interest rates. He warned that rate hikes will kill the U.S. economy, cautioning ...

Celsius’ bankruptcy proceedings resulted in 14,000 pages of customer data leaking to the public. The incident displayed the pitfalls of centralized finance. from Cointelegraph.com News https://ift.tt/6QGdYkq via IFTTT

One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company may apply for bankruptcy protection. The filing notes that Core Scientific will be unable to pay down debt payments due for Oct. and early Nov. 2022. SEC Filing Shakes Core Scientific Investors, CORZ Slides 97% in 12 Months Bitcoin miners are having issues after the price of bitcoin ( BTC ) has slid roughly 70% against the U.S. dollar since Nov. 10, 2021. Moreover, the network’s mining difficulty is currently at an all-time high, making it harder than ever before to find a block subsidy. At the end of September, Bitcoin.com News reported on Compute North filing for bankruptcy and how it led to Marathon Digital’s shares getting downgraded. Now Core Scientific (Nasdaq: CORZ ) seems to be leaning in the direction of filing for bankruptcy protection or some sort of restructuring process. T...

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A committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings. The written protest by the group of creditors against the sale follows objections from a slew of securities regulators filed on Sept. 29. Creditors Object to Celsius Selling $23 Million in Stablecoins On Sept. 15, the embattled cryptocurrency lending firm Celsius filed a motion with the bankruptcy court to get permission to sell $23 million in stablecoins. The court filing attempting to gain access to the stablecoin stash followed a leaked all-hands meeting recording that indicated Celsius wanted to attempt a revival plan. Then, two weeks after the Sept. 15 court request for the stablecoins, state securities officials from Vermont and Texas filed motions that object to Celsius acquiring the stablecoin stash. The Texas State Securities Board (TSSB) said that Celsius’ request for the stab...

Welcome to San Francisco in 2033, where universal basic income and FedGov surveillance pervade and Bitcoin is outlawed. bit.ly/3f7o14k http://dlvr.it/Sbv6fv

After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the U.S dollar plunged to 23.09:1, a new low for the currency. Cairo’s apparent devaluation of the Egyptian pound met a key condition set by the International Monetary Fund (IMF) before it eventually approved a $3 billion bailout package for Egypt. The IMF’s Key Condition A report has said that the official exchange rate of the Egyptian pound versus the U.S dollar plunged by 15% to 23.09 per dollar after the central bank announced the adoption of a more flexible exchange rate regime. Cairo’s apparent devaluation of the currency came as news broke that Egypt had reached an agreement with the International Monetary Fund (IMF) which will see it receive a $3 billion financial bailout. Before the pound’s latest slip, the currency had traded at just under 20 units per dollar. Some banks in Egypt, as well as the IMF, argued that the exchange rate, which was last adjust...

The company’s financial statements showed a decline in operating revenue and income due to the crypto bear market. from Cointelegraph.com News https://ift.tt/W6OGYUx via IFTTT

BTC’s price attempted to break out of range before retesting underlying support. Is a trend change at hand, or will the price continue to consolidate? from Cointelegraph.com News https://ift.tt/gxXAGZv via IFTTT

An increase in staked ETH, lucrative yield on liquid staked ETH tokens and deflationary tokenomics are possible bullish factors for Ethereum price. from Cointelegraph.com News https://ift.tt/MKvSC7i via IFTTT

As fans prepare for game one of the World Series between Major League Baseball’s (MLB) Philadelphia Phillies and the Houston Astros, the candy and collectibles firm Topps released the company’s 2022 NOW MLB Postseason non-fungible token (NFT) collection. The MLB Postseason NFT collection is being released in three drops via the Topps NFT marketplace. Topps Drops 2022 NOW MLB Postseason NFT Collection Topps has introduced a number of NFT collections during the last two years and prior to the upcoming World Series, the company dropped the 2022 Topps NOW MLB Postseason collection. According to the collectibles company, the collection “curates the top 12 Topps NOW moments from each round of the MLB Postseason and will be released in three drops.” The first drop called the “Wild Card/Division Series Set” occurred on Tuesday, Oct. 25th via the web portal toppsnfts.com . On Nov. 1, Topps plans to drop the “Championship Series Set” and following that drop the company will release the “Wor...

NFT Steez chats with Web3 advocate Julie Plavnik to discuss the concepts of self-sovereignty and digital identity in Web3-based creator economies. from Cointelegraph.com News https://ift.tt/vfApI93 via IFTTT

The city seeks to establish itself as a financial hub by establishing a licensing regime in order to allow the retail trading of bitcoin and cryptocurrencies. bit.ly/3f7o14k http://dlvr.it/SbrGjP

The government of Moldova has decided to suspend crypto mining activities in the country as it’s facing a major energy crisis. The move is part of emergency measures to reduce power consumption with energy supplies dwindling due to the escalating conflict in neighboring Ukraine. Authorities in Moldova Prohibit Bitcoin Minting and Mining Hardware Imports to Save Power Cryptocurrency mining in Moldova has been targeted amid a deepening energy crisis as the winter approaches. The country’s government took steps this week to limit electricity consumption, including imposing a complete ban on the extraction of digital coins. The prohibition comes after Moldovan President Maia Sandu urged ministers to introduce restrictions to save power during a meeting of the Eastern European nation’s Security Council. Crypto miners are among the first victims of the cuts, despite their industry not being a significant consumer. Deputy Prime Minister Andrei Spînu took to Telegram earlier to warn abou...

The company's trademark owner applied for its name to be used in software “to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange” crypto and NFTs. from Cointelegraph.com News https://ift.tt/x9vFzMa via IFTTT

The OCC said it will incorporate its six-year-old Office of Innovation into a new agency that will help it deepen its understanding of fintech and promote responsible innovation. from Cointelegraph.com News https://ift.tt/eH7Ots4 via IFTTT

Fidelity Digital Assets’ research paints a not-too-gloomy picture of the digital asset institutional investment scene, although it indicates that some segments are much more active than others. from Cointelegraph.com News https://ift.tt/FqbIdOC via IFTTT

After revealing Alphabet Inc.’s Google Cloud partnership with Coinbase, the multinational technology conglomerate holding company has announced the firm’s “Google Cloud Blockchain Node Engine.” While more blockchains will be supported, Google said that “Ethereum will be the first blockchain supported by Blockchain Node Engine.” Google Launches Cloud-Based Blockchain Node Engine Alphabet Inc., otherwise known as Google (Nasdaq: GOOGL ), revealed the firm’s newly launched Google Cloud Blockchain Node Engine on Thursday. The reason Google decided to release the engine is because it believes “self-managed nodes are often difficult to deploy and require constant management.” The Blockchain Node Engine product is a “fully managed node-hosting service” that can be leveraged by crypto companies and Web3 service providers. The company further detailed on Thursday that the new node engine service will support the second-leading crypto asset network by market cap, Ethereum. “Ethereum will b...

The Celo blockchain supports mobile-first DeFi payment infrastructure. Several companies building on the platform have received venture funding. from Cointelegraph.com News https://ift.tt/ODylRK0 via IFTTT

Regulators like the FATF are going to continue to make decisions surrounding Bitcoin, so Bitcoiners should seek to have input. bit.ly/3f7o14k http://dlvr.it/Sbn8RF

The New York-based exchange will start with five digital assets on offer in its SEC compliant trading system, which will “seamlessly integrate with legacy securities trading systems.” from Cointelegraph.com News https://ift.tt/4OHqy6w via IFTTT

Federal Reserve Governor Christopher Waller says he is not a big fan of the Fed issuing a central bank digital currency (CBDC). “It’s just a checking account at the Fed,” said the governor. Federal Reserve Chairman Jerome Powell recently said that the central bank has not decided whether to issue a digital dollar. Fed Governor Skeptical of CBDCs Federal Reserve Governor Christopher Waller shared his view on central bank digital currencies (CBDCs) Tuesday during the Money 20/20 conference in Las Vegas. Commenting on the Federal Reserve issuing a digital dollar, he was quoted by Bloomberg as saying: It’s just a checking account at the Fed. I’m not a big fan of it, but I’m open to having someone convince me that this is something that’s really valuable. Some people have argued that a Fed-backed digital currency would help ensure the U.S. dollar’s dominance, noting that many countries, including China, are already working on launching their own CBDCs. The People’s Bank of China (PB...

Banks in the United Kingdom try to block businesses and individuals alike from investing in cryptocurrency. Regulators should fix the situation. from Cointelegraph.com News https://ift.tt/V5FiOzc via IFTTT

Apple published rules for NFT for the first time which included a 30% NFT “tax” and geo-limit exchanges. from Cointelegraph.com News https://ift.tt/yad90sK via IFTTT

On October 26, the bitcoin mining operator Aspen Creek Digital Corporation (ACDC) announced that the company has commenced operations at its solar farm-powered high performance computing center (HPCC) in Texas. ACDC further detailed that the company inked a deal with the firm Compass Mining in order to host 27 megawatts (MW) of capacity, which will be deployed in the fourth quarter of this year. Aspen Creek Digital and Compass Mining Announce Hosting Partnership According to the bitcoin mining company Aspen Creek Digital Corporation (ACDC), the firm’s second HPCC has started operations in Texas. ACDC and Compass will be collaborating at the facility, as Compass plans to host 27 MW of capacity or about 9,000 Bitmain-crafted application-specific integrated circuit (ASIC) bitcoin miners. The Texas-based HPCC is ACDC’s second bitcoin mining data center, as it operates a 6 MW facility tied to a solar farm in west Colorado. In September, ACDC raised $8 million in a Series A financing ro...

"It is necessary to study appropriate sanctions, and assign the government to make detailed regulations,” reportedly said Prime Minister Pham Minh Chinh. from Cointelegraph.com News https://ift.tt/VFf0Muj via IFTTT

In partnership with Swan Bitcoin and BTC Direct, Trezor Suite users can DCA bitcoin and have it automatically placed on the hardware wallet. bit.ly/3f7o14k http://dlvr.it/Sbk5Bj

Treasury Secretary Janet Yellen has warned that financial stability risks could materialize in the U.S. Noting that “Inflation remains too high, and we are contending with serious global headwinds,” she stressed that the Treasury is “closely monitoring the financial sector, as global developments have led to increased market volatility.” Janet Yellen Warns of Financial Stability Risks in U.S. The Secretary of the Treasury Janet Yellen warned about financial stability risks to the U.S. economy while responding to questions following her speech at the Securities Industry and Financial Markets Association (SIFMA) annual meeting Monday. Citing a “dangerous and volatile environment” for the global economy, including the surge in energy prices and increased volatility in financial markets, Yellen warned that in the United States: Financial stability risks could materialize. “We are closely monitoring the financial sector, as global developments have led to increased market volatility...

The U.S. has charged two Chinese intelligence officers in a scheme to bribe a U.S. government employee to steal “secret” documents relating to the prosecution of a company in China. The defendants paid the government employee, who is actually a double agent, approximately $61,000 in bitcoin for stealing the information, according to the U.S. Department of Justice (DOJ). Alleged Chinese Spies Charged in Scheme to Steal Secret Documents The U.S. Department of Justice (DOJ) announced the unsealing of a criminal complaint Monday charging two Chinese intelligence officers in a scheme to bribe a U.S. government employee and steal “secret” documents. The defendants remain at large. Guochun He (aka Dong He and Jacky He) and Zheng Wang (aka Zen Wang) allegedly orchestrated a scheme to steal internal files and other non-public information from the U.S. Attorney’s Office for the Eastern District of New York. The information relates to the ongoing investigation and prosecution of a global tele...

Compound users can no longer use YFI, ZRX, BAT and MKR tokens as collateral for loans. from Cointelegraph.com News https://ift.tt/rNuYWAw via IFTTT

According to an analysis by crypto risk management firm Elliptic, two Chinese intelligence agents used Wasabi Wallet to conceal BTC transactions allegedly used for bribes. from Cointelegraph.com News https://ift.tt/4PfK2Ld via IFTTT

The MakerDAO community will earn a 1.5% reward on its USDC while holding funds with Coinbase Prime. from Cointelegraph.com News https://ift.tt/PUTNJui via IFTTT

The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the country for the third time. Concerns over Xi’s unprecedented third term, as well as the reshuffle of his top team, are said to have sparked a sell-off of stocks that wiped billions from the wealth of China’s super rich. Chinese Yuan Has Depreciated by 7% Since Late August The Chinese currency’s offshore exchange rate versus the U.S. dollar tapped a new all-time low of CN¥7.33:$1 when it fell by 1.5% some 24 hours after the conclusion of the Chinese Communist Party (CCP)’s congress. According to one report , the currency slipped because the CCP congress, which endorsed President Xi Jinping’s bid to lead the country for an unprecedented third term, did not ease investor concerns over the well-being of the world’s second-largest economy. The offshore ...

Soaring hash rate, high electricity costs and BTC price hovering under $20,000 for months is complicating matters for Bitcoin miners. from Cointelegraph.com News https://ift.tt/km63S8J via IFTTT

The Puerto Rico Blockchain Trade Association is seeking the Bitcoin community’s help as the island recovers from Hurricane Fiona. bit.ly/3f7o14k http://dlvr.it/Sbg0r7

JPMorgan Chase’s president that crypto “is kind of irrelevant in the scheme of things.” Commenting on the U.S. economy, he defended the Federal Reserve’s hawkish stance, emphasizing that if the Fed’s action “causes a slightly deeper recession for a period of time” then “that is the price we have to pay.” JPMorgan Chase President on U.S. Economy and Recession JPMorgan Chase President Daniel Pinto commented on the U.S. economy and cryptocurrency in an interview with CNBC, published Monday. Pinto is also the global investment bank’s chief operating officer and CEO of its Corporate & Investment Bank. The 59-year-old executive grew up in Argentina as a child where inflation was often very high, he shared, noting that living with pervasive inflation was “very, very stressful.” Price increases in Argentina averaged more than 300% a year from 1975 to 1991. Pinto opined: That’s why when people say, ‘the Fed is too hawkish,’ I disagree. I think putting inflation back in a box is very ...

The Internal Revenue Service (IRS) has updated the crypto section in the 2022 draft instructions for tax form 1040. “For example, digital assets include non-fungible tokens (NFTs) and virtual currencies, such as cryptocurrencies and stablecoins,” the tax agency detailed. New IRS Instructions for Tax Form 1040 The Internal Revenue Service (IRS) released its 2022 draft instructions for tax form 1040 last week. Form 1040 is the tax form used for filing individual income tax returns in the U.S. The new instructions contain several changes relating to cryptocurrency. The section titled “Virtual Currency” has been replaced with one titled “Digital Assets.” The IRS detailed: Digital assets are any digital representations of value that are recorded on a cryptographically secured distributed ledger or any similar technology. For example, digital assets include non-fungible tokens (NFTs) and virtual currencies, such as cryptocurrencies and stablecoins. In contrast, NFTs and stablecoins ...