MLM Network Zone

Despite holding off to date, a Bitcoin ban by the EU could be on the horizon. But Bitcoin doesn’t ask for permission. bit.ly/3f7o14k http://dlvr.it/Sg9y6W

After FTX co-founder Sam Bankman-Fried (SBF) was released on bail and traveled to his parent’s home in California, it has been reported that SBF was visited by the crypto advocate Tiffany Fong, and also the “Big Short” author Michael Lewis while he’s been on house arrest. Fong detailed she managed to interview SBF, while Lewis visited to presumably get information on the downfall of the FTX empire for the writer’s upcoming book. SBF Gets 2 Visitors While on House Arrest and Before His Jan. 3 Arraignment in New York Since SBF was released on bail, reports note that two people have been granted access to visit the disgraced former FTX CEO while he’s on house arrest. Tiffany Fong disclosed that she met with SBF and noted that she had not written anything yet when she tweeted about her discussion with SBF on Dec. 28. The following day, The New York Post published an article about Fong’s visit, and the article’s authors Selim Algar, Andy Tillett, and Patrick Reilly decided to call Fon...

Mr. Park Mo was found dead after an investigation had been launched against him for embezzlement and stock price manipulation. from Cointelegraph.com News https://ift.tt/vaFuHtT via IFTTT

The last week of 2022 didn't turn out to be a good one as the industry recorded multiple exploits and an exit scam scare. from Cointelegraph.com News https://ift.tt/oij0MwF via IFTTT

At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to as ‘Ethereum killers,’ would flip the second-largest crypto asset in terms of market capitalization in 2022. As 2022 comes to an end, statistics show that none of the so-called ‘Ethereum killers’ have surpassed the leading smart contract platform token, and a number of these tokens have lost considerable amounts of value during the crypto winter. Ethereum Outperformed Its Competitors in terms of Market Cap, Decentralized Finance Action, and Non-Fungible Token Sales On Dec. 23, 2021, the top smart contract platform coins held an overall valuation of around $823 billion and at that time, ethereum’s ( ETH ) market capitalization represented 59.42% of the aggregate. Today, on Dec. 30, 2022 , the crypto economy’s top smart contract platform coins are valued at $239 billion, and ETH ’s market cap is roughly $144 billion. Data indicates that ETH ’s market cap equates to 60.25% of ...

MicroStrategy scooped up BTC at an average price of just under $17,200. Meanwhile, Binance's CZ explains why there's so much FUD surrounding his exchange. from Cointelegraph.com News https://ift.tt/cjmrxvP via IFTTT

Billions of dollars paid in the months leading up to the crypto exchange's bankruptcy may be returned to pay FTX's creditors, according to an insolvency attorney. from Cointelegraph.com News https://ift.tt/cw3IRJv via IFTTT

Many speculate that Bitcoin’s security will lapse with the end of the mining subsidy. But other factors will continue to incentivize miners. bit.ly/3f7o14k http://dlvr.it/Sg7bMd

The remaining treasury will be distributed to users through a redemption app until June 2023, according to the protocol. from Cointelegraph.com News https://ift.tt/9gbcaz4 via IFTTT

Avi Eisenberg’s arrest on commodities fraud charges for the Mango Markets exploit raised eyebrows on crypto Twitter and required some processing to work through its intricacies. from Cointelegraph.com News https://ift.tt/n8OzphR via IFTTT

The denial was made after critics said the team was going to “kill scrypt miners.” from Cointelegraph.com News https://ift.tt/1aFijwv via IFTTT

Former FTX CEO may not be able to offset the two counts of wire fraud and six counts of conspiracy he faces with the credits by entering a guilty plea. from Cointelegraph.com News https://ift.tt/zWIAJmT via IFTTT

Today’s top ten crypto assets make up a large portion of the crypto economy’s current $797.95 billion value on Dec. 29, 2022, and many of them are some of the most popular digital currencies today. While coin market capitalization aggregation sites allow patrons to add their favorite coins to a watchlist, between coingecko.com and coinmarketcap.com, bitcoin is the most watched top ten crypto coin in 2022 as it’s on approximately 4,848,865 watchlists today. The Top Ten Crypto Market Cap Coins in Terms of Watchlist Numbers As 2022 comes to an end, crypto market and price aggregation websites like coinmarketcap.com (CMC) and coingecko.com (CG) offer watchlists so visitors can hone in on their favorite coins or maybe the coins held in their portfolio. In basic terms, a watchlist is a specific set of crypto assets that a person selects in order to monitor and it can be viewed without monitoring all the other crypto assets the individual doesn’t care about. In traditional finance, inve...

Its been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According to metrics, Ethereum’s issuance rate of new coins has dropped considerably and only 4,790.45 ether has been minted since The Merge took place on Sept. 15, 2022. Ethereum’s Issuance Rate Is 0.014% per Annum in Contrast to the Simulated PoW Inflation Rate of 3.58% per Year The Ethereum ( ETH ) network has been operating under its proof-of-stake (PoS) consensus algorithm for more than three months and since then, 4,790.45 ethereum or $5.7 million in value has been added to the supply. Statistics from ultrasound.money show that Ethereum’s current issuance rate of new coins per annum is 0.014%. That’s a whole lot different than what it would be if Ethereum was still a PoW chain, according to ultrasound.money’s simulation metrics. If ETH remained a PoW chain during the last 105 days, then...

The RBI’s latest financial stability report accentuated the negative about cryptocurrency and reminds the world that India is looking for global action on crypto regulation. from Cointelegraph.com News https://ift.tt/TVQH7Fr via IFTTT

The exchange said it intends to outline further details in a report in January 2023. from Cointelegraph.com News https://ift.tt/wgWFjMu via IFTTT

The tech company led by Michael Saylor has increased its bitcoin holdings by 2,500 BTC despite selling bitcoin for the first time to generate a tax benefit. bit.ly/3f7o14k http://dlvr.it/Sg52b1

Users are still seeking to move their funds away from centralized exchanges, paving the way for blockchain-based alternatives to thrive. from Cointelegraph.com News https://ift.tt/lZb1R9q via IFTTT

According to court documents, Sam Bankman-Fried (SBF) is set to be arraigned by the federal court in the Southern District of New York (SDNY) on Jan. 3, 2023. The disgraced FTX co-founder plans to enter a plea in his fraud case in front of U.S. judge Lewis Kaplan in Manhattan, according to a report published by Reuters. Report Claims FTX Co-Founder Sam Bankman-Fried ‘Expected to Enter a Plea Next Week,’ Criminal Defense Attorney Says Feds Have a Case With ‘Very Few Holes’ Just recently, the judge that was presiding over Sam Bankman-Fried’s (SBF) fraud case, judge Ronnie Abrams, withdrew from the case citing a conflict of interest. It seems Abrams husband, Greg Andres, was reportedly an FTX adviser last year. Andres is a partner at the white-shoe, international law firm headquartered in New York City, Davis Polk & Wardwell. Following Abrams’s withdrawal from SBF’s case, the judge has been replaced by judge Lewis Kaplan. The 78-year-old Kaplan has been called a “ no-nonsense ” j...

Sports players, movie stars, models, musicians; the gang's all here, with more celebrities entering the blockchain space with each passing month. Will that trend continue in 2023? from Cointelegraph.com News https://ift.tt/Qz7LuWp via IFTTT

Users' subscriptions to cloud mining products have been extended for three days due to the power outage. from Cointelegraph.com News https://ift.tt/DBlxkMs via IFTTT

On Dec. 27, 2022, a number of onchain researchers noticed that funds connected to Alameda Research and FTX have moved and have been swapped for other tokens. Reports show the hacker known as the ‘FTX Accounts Drainer,’ traded large sums of ERC20 tokens for digital assets like tether, ethereum, and bitcoin. Funds Tied to Sam Bankman-Fried’s Alameda Research Traded for Ethereum, Tether, and Bitcoin It seems whoever controls the funds that once were connected to Alameda and FTX is starting to move a large handful of ERC20 tokens. According to the OXT onchain researcher Ergo , on Twitter, Alameda-linked addresses started to swap ERC20s for ETH and USDT . “Alameda ETH addresses are digging around in the sofa for spare change and swapping bits ERC20s for ETH / USDT ,” Ergo tweeted . “ ETH and USDT then funneled through instant exchangers. Rings some major alarm bells,” the onchain researcher added. In response to Ergo’s tweet, the onchain sleuth Zachxbt replied and said : “the funds...

Investment firm Fidelity recently filed trademarks that showed its intentions to enter the NFT and metaverse space. from Cointelegraph.com News https://ift.tt/HCZcwAd via IFTTT

A protocol proposal from Antoine Riard seeks to mitigate Lightning Network channel jamming attacks with a Chaumian ecash token. bit.ly/3f7o14k http://dlvr.it/Sg1yKp

Bitcoin miner Argo Blockchain announced that it requested the suspension of trading its company shares on Dec. 27, as the company expects to make an announcement on Wednesday, Dec. 28, 2022. The company’s stock has lost 96.34% year-to-date and on Dec. 12, the bitcoin miner “advanced negotiations with a third party to sell certain assets” in order to “strengthen its balance sheet and improve its liquidity.” Argo Blockchain Requested a Suspension of Stock Trading Pending an Official Announcement On Tuesday, Dec. 27, 2022, the publicly-listed bitcoin miner Argo Blockchain (Nasdaq: ARBK ) announced that it has requested the suspension of trading its shares via Nasdaq and the London Stock Exchange as well. Argo detailed that it believes trading will resume after the company makes an important announcement on Dec. 28. Argo disclosed that the announcement is “expected to be released before [the] opening of trading on Wednesday.” Argo is one of many bitcoin mining operations that has suff...

The Nigerian security agency, the Department of State Services (DSS), has reportedly instructed its operatives to arrest the Central Bank of Nigeria governor Godwin Emefiele as soon as he is seen in public. The DSS is still seeking to apprehend Emefiele despite losing its bid to have a Nigerian court sanction the arrest. Nigerian Court Refuses to Back Arrest Plot As the controversy surrounding the failed arrest of Central Bank of Nigeria (CBN) governor Godwin Emefiele continues to hog the limelight, a new report by Sahara Reporters said operatives from Nigeria’s Department of State Services (DSS) have an order to “arrest him on sight.” In addition, the report, which relies on the testimony of unnamed sources, said operatives are also monitoring movements at the CBN headquarters as well as at the Emefiele family residence in Lagos. As explained in the report , the DSS’ unconfirmed plan to arrest Emefiele, who was part of Muhammadu Buhari’s entourage to the US-Africa Leaders’ Summit,...

She said that the event seeks to raise funds to provide assistance for victims of ALS. from Cointelegraph.com News https://ift.tt/JLhtnpc via IFTTT

The mining company has faced financial problems due to escalating energy costs and the falling price of Bitcoin. from Cointelegraph.com News https://ift.tt/Lk3BJvD via IFTTT

As the end of 2022 approaches, a great number of bitcoin proponents are questioning whether or not the bottom is in as far as the official end of the crypto winter is concerned. The current bitcoin bear run just entered the longest bottom formation since the 2013-2015 bitcoin bear market. Moreover, analysts note that most of the technical bottom indicators used to predict bitcoin prices have failed to forecast whether or not the bottom is in. Rainbows and S2F: The List of Technical Indicators That Failed to Predict Bitcoin’s Bottom A month ago, crypto supporters celebrated enduring one of the longest and harshest bitcoin bear markets since the 2013-2015 bitcoin bear market. At the time, the 2013-2015 bitcoin bear run was the longest downturn but today, the current crypto economy’s contraction period is set to surpass the 2013-2015 crypto retrenchment. In addition to the longest bottom phase , Bitcoin.com News reported 144 days ago how a number of technical indicators failed this...

The current whereabouts of the funds remain unknown. from Cointelegraph.com News https://ift.tt/C3BlIfW via IFTTT

2022 was tough on crypto prices, but ETH, LDO, MATIC, DAI and ATOM all made a positive impact on the industry. from Cointelegraph.com News https://ift.tt/0hBiVmd via IFTTT

The Koboruto stainless-steel backup can protect your bitcoin seed phrase, even in the event of fire or flooding. bit.ly/3f7o14k http://dlvr.it/Sg0g7M

The remaining workforce is also expected to take 20% pay cuts, the project's founder said. from Cointelegraph.com News https://ift.tt/2ByPYZK via IFTTT

Two prominent Solana projects have announced they are transitioning over to new blockchains. The non-fungible token (NFT) venture Degods detailed it will be moving to the Ethereum chain and the Y00ts NFT team detailed it is moving to Polygon. Both teams said the transitions will take place in 2023. Degods Says NFT Project Will Move to Ethereum, Y00ts Details NFT Venture Is Transitioning to Polygon The crypto community has been discussing two crypto projects that have said the teams plan to transition their ventures from the Solana blockchain network to an alternative blockchain. Degods is one NFT project that revealed on Twitter it was moving from Solana to the Ethereum network. Launched in October 2021, Degods is an NFT venture that created 10,000 deflationary PFP (profile picture) NFTs. On Twitter the Degods team said: Degods will officially bridge to Ethereum in Q1 of 2023. The bridge is not the destination. It is on the path to get there. Interestingly, the team behind the Y...

Not even major exchanges collapsing can deter crypto users from believing in the space year after year. from Cointelegraph.com News https://ift.tt/t6HeboF via IFTTT

A bail was granted to SBF on the conditions of a $250 million bond, home detention, location monitoring and the surrender of his passport. from Cointelegraph.com News https://ift.tt/lLWvYOq via IFTTT

Gold prices are ending the year a hair below the values recorded 12 months ago. Statistics on Dec. 26, 2021, show the U.S. dollar value per ounce of gold was $1,810 per unit, and today gold is $1,797 per ounce. Silver, on the other hand, managed to increase a hair in value since last year, as prices climbed from $23.04 per unit to the current USD value of around $23.72 on Dec. 26, 2022. Gold Dropped a Hair During the Last Year, While Silver Rose a Touch — Precious Metal Assets Managed to Hold Value All Year Long Despite the Macroeconomic Calamity and Energy Crisis While precious metals like gold and silver fluctuated in U.S. dollar value during the last year, gold and silver year-to-date price statistics show prices are pretty much the same as last year. Gold is down a touch during the last 12 months as it was trading for $1,810 per ounce and today it’s trading 0.71% lower at $1,797 per ounce. Silver was $23.04 per ounce and today it’s 2.95% higher in value at $23.72 an ounce. 2022...

Crypto custodians generate public attestations about their cryptocurrency holdings through proof-of-reserves audits to demonstrate their solvency to depositors. from Cointelegraph.com News https://ift.tt/HhLgeuX via IFTTT

A rise in financial censorship this year, perpetrated by citizens’ own governments and adversarial nations alike, calls for Bitcoin. bit.ly/3f7o14k http://dlvr.it/SfyPDc

2022 saw greater inclusivity and participation of women in the crypto and blockchain industries. from Cointelegraph.com News https://ift.tt/SHThIL2 via IFTTT

Tesla CEO and Twitter chief Elon Musk has confirmed that the social media company is no longer “in the fast lane to bankruptcy.” Nonetheless, the billionaire emphasized that there is still much work to do on the platform. “But overall it seems to be going in a good direction.” Twitter Won’t Go Bankrupt Anytime Soon, Says Elon Musk Tesla CEO and Twitter chief Elon Musk revealed over the weekend that Twitter will not be filing for bankruptcy anytime soon. He said on the All-In podcast Saturday: We’ve got the expenses reasonably under control, so the company’s not in the fast lane to bankruptcy anymore. “It has been quite a roller coaster,” he added. “It has its highs and lows, to say the least, but overall it seems to be going in a good direction.” Following the podcast, Musk tweeted clarifying that Twitter is not secure yet and there is still “much work to do.” The Twitter boss further shared on the podcast: “My error rate and sort of being the chief twit will be less over tim...

After a challenging year, should investors still consider investing in crypto in 2023? from Cointelegraph.com News https://ift.tt/LTSjRbV via IFTTT

Bitcoin’s total hashrate tapped a low of 170 exahash per second (EH/s) on Dec. 25, as reports noted that bitcoin miners in Texas curtailed their hashpower during a massive winter freeze. Statistics show that close to 100 exahash dropped off the network but rebounded from the 170 EH/s low to 240 EH/s by 12:00 p.m. (ET). Texas Bitcoin Miners Curtail Computational Power After reaching 272 exahash per second (EH/s) on Dec. 24, 2022, the network’s hashrate plunged during the early hours the very next day as it dropped to 170 EH/s. A myriad of reports detail that because of the cold weather in Texas, bitcoin miners located in the area have voluntarily shut down operations. Bitcoin supporter Dennis Porter shared a screenshot of a message from the bitcoin mining operation Lancium as the business shut down its Ft. Stockton facility to give more power to the grid. “Bitcoin miners have once again voluntarily shut off power during an extreme weather event in Texas,” Porter tweeted . “Bitcoi...

109 years ago, the U.S. Federal Reserve was created and ever since that day, the purchasing power of the U.S. dollar has dropped a great deal. Since the Fed started, more than 96% of the greenback’s purchasing power has been erased via inflation. The Purchasing Power of the U.S. Dollar After the Creation of the Federal Reserve on Dec. 24, 1913 Dwindles Lower During the last hundred years, economists have blamed the U.S. Federal Reserve for a great deal of America’s rising inflation. American economist and social theorist Thomas Sowell referred to the Fed as a “cancer,” and former politcians like Ron Paul have called on the masses to abolish the Fed. Prior to the creation of the Fed on Dec. 23, 1913, America had two central banks the preceded the current U.S. central bank. The first U.S. central bank started in 1791 which was the First Bank of the United States, a financial institution charted by Congress at the time. The second attempt to create a central bank in America was in 181...