MLM Network Zone

DekaBank, one of Germany’s largest asset managers, has selected Swiss crypto services provider Metaco to offer bitcoin related products to its clients. bit.ly/3f7o14k http://dlvr.it/Shk1Pn

The Virunga National Park's Bitcoin mine in the Democratic Republic of the Congo monetizes surplus energy for conservation efforts. from Cointelegraph.com News https://ift.tt/DbuKhaW via IFTTT

Osprey alleges its only competitor on the BTC OTC trust asset market gained its 99.5% market share by misrepresenting the likelihood of its trust becoming an ETF. from Cointelegraph.com News https://ift.tt/IUoDwlf via IFTTT

Strong corporate earnings and investors’ anticipation of a Federal Reserve pivot are helping to cement the case for risk assets like Bitcoin. from Cointelegraph.com News https://ift.tt/V5zrX26 via IFTTT

Seven months ago, current Twitter owner Elon Musk said, prior to acquiring the social media giant, he would integrate cryptocurrency payments. According to sources, a team is working on the infrastructure for a payment platform, and Twitter is proceeding with regulatory approvals and registrations. Elon Musk’s Plan for Twitter Payment System Advances, Adding Cryptocurrency Later Elon Musk appears to be proceeding with plans to integrate a payment system into Twitter. According to sources cited by the Financial Times (FT), Elon’s lieutenant, Esther Crawford , is working on logistics and has formed a small team. Musk has previously stated his intention to create a payment system, and in mid-June 2022, the current Twitter owner mentioned the integration of cryptocurrencies. “I think it would make sense to integrate payments into Twitter so that it’s easy to send money back and forth, and fiat currency as well as crypto — essentially, whatever somebody would find useful,” Musk detai...

The new bitcoin and crypto-backed prepaid Binance Card is coming to Brazil, one of the exchange’s largest markets. bit.ly/3f7o14k http://dlvr.it/Shh29b

Montenegro’s prime minister announced a central bank “digital currency or stablecoin” project with Ripple; the Balkan country currently uses the euro instead of a national currency. from Cointelegraph.com News https://ift.tt/oCZJ30U via IFTTT

On a visit to the Portuguese island of Madeira, a delegation of Bitcoiners surfed, met with the president and extended Bitcoin adoption. bit.ly/3f7o14k http://dlvr.it/Shg7bZ

Australia’s financial regulator raised concerns about FTX Australia not long after it began operations in March 2022, according to documents. from Cointelegraph.com News https://ift.tt/ynH5ZJN via IFTTT

U.S. Senator Elizabeth Warren has called on Congress to ensure regulators, such as the Securities and Exchange Commission (SEC), have the tools to regulate the crypto industry effectively and crack down on crypto money laundering activities. “The current legal structure essentially holds up a giant sign over crypto that says, money laundering done here,” the lawmaker stressed. Senator Urges Congress to Crack Down on Crypto Money Laundering U.S. Senator Elizabeth Warren (D-MA) said in an interview with Politico’s Morning Money Wednesday that cracking down on money laundering activities is her “main focus” in terms of crypto-related legislation. The senator confirmed that she will reintroduce her bill titled “Digital Asset Anti-Money Laundering Act of 2022.” Originally introduced in December last year, this bill is “the most direct attack ” on the personal freedom and privacy of crypto users, according to experts in the field. Warren explained that money laundering is “not nearly as...

The Bitcoin blockchain recorded another difficulty increase on Sunday, Jan. 29, 2023, at block height 774,144. The network’s difficulty increased by 4.68%, from 37.59 trillion to an all-time high of 39.35 trillion. Bitcoin Difficulty Reaches New All-Time High as Mining Gets Tougher Bitcoin’s difficulty reached another all-time high, surpassing the record set two weeks ago, after rising 4.68% on Sunday. The increase occurred at block height 774,144 , at 6:10 a.m. (UTC). The difficulty is now at 39.35 trillion, close to surpassing 40 trillion. The next adjustment is due Feb. 11, 2023. The rise makes mining blocks more difficult, following a 4.68% jump after the 10.26% increase on Jan. 15, 2023. Jan. 29 statistics show a hashrate of 279.7 exahash per second (EH/s) over the last 2,016 blocks, currently at 283.55 EH/s dedicated to the Bitcoin blockchain. Statistics from macromicro.me on Jan. 28, 2023, estimate the cost of BTC production at $21,176 per unit. On Jan. 29, the spot p...

The high court will now decide whether to declare the 'crypto bill' unenforceable or to approve it with modifications. from Cointelegraph.com News https://ift.tt/5wB1zs8 via IFTTT

Bitcoin bulls look to push BTC price to $24,000 and in doing so, LTC, AVAX, APT and FTM could extend their monthly gains. from Cointelegraph.com News https://ift.tt/pmiIdvF via IFTTT

Stocks, precious metals, and cryptocurrencies rallied during the first month of the year, and market strategists are saying that markets could retract in the near future if the U.S. Federal Reserve keeps hiking rates and maintaining a broader tightening policy. In three days, on Feb. 1, 2023, the Federal Open Market Committee (FOMC) is set to convene. While the market expects rate cuts, some analysts think the Fed will continue raising the federal funds rate. Chris Vermeulen, the founder and chief investment officer of The Technical Traders, insists the S&P 500 is due to slide 37% lower than its current position. Strategist Predicts Potential Market Correction as Powell’s Re-tightening of Financial Conditions is Anticipated Markets are closely watching the next Federal Open Market Committee (FOMC) meeting, scheduled to occur on Wednesday, Feb. 1, three days from now. Last week, Bitcoin.com News reported on how investors are closely following the decision of Jerome Powell, the 1...

Trends show that artificial intelligence (AI) will be a major topic in 2023, as data indicates a surge in interest. Since interest peaked and Microsoft invested billions into Chatgpt, demand for AI-focused cryptocurrency projects has risen dramatically. For example, the crypto project Fetch.ai has seen its native token FET rise 212% in the past 30 days, and another AI project, Singularitynet, has seen it’s token AGIX increase 293% against the U.S. dollar. There’s Been a Surge in Interest in AI-Focused Cryptocurrency Projects During the week of Jan. 22-28, 2023, the worldwide Google Trends score for the term “AI” was 94 out of 100. In the first week of Dec. 2022, the search term reached its highest Google Trends score of 100. It’s safe to say that the world has become increasingly focused on artificial intelligence (AI) since the release of AI-infused art platforms like Dall-E, Deep AI, Jasper Art, Starry AI, Nightcafe, and others. In the past two months, the Openai platform Chatgpt...

The White House has published a “roadmap to mitigate cryptocurrencies’ risks.” The roadmap calls for authorities to “ramp up enforcement where appropriate” and Congress “to step up its efforts” to regulate the crypto sector. It also notes that legislation should not greenlight mainstream institutions “to dive headlong into cryptocurrency markets.” ‘The Administration’s Roadmap to Mitigate Cryptocurrencies’ Risks’ The White House published a blog post titled “The Administration’s Roadmap to Mitigate Cryptocurrencies’ Risks” Friday under the National Economic Council (NEC), an Executive Office of the President (EOP) established to advise the president on U.S. and global economic policy. The roadmap is authored by four White House advisors: NEC Director Brian Deese, Office of Science and Technology Policy (OSTP) Director Arati Prabhakar, Council of Economic Advisers (CEA) Chair Cecilia Rouse, and National Security Advisor Jake Sullivan. The CEA is charged with providing objective eco...

A bill has been introduced in the U.S. state of New York to allow state agencies to accept cryptocurrency payments, including bitcoin, ether, litecoin, and bitcoin cash. The legislation proposes allowing crypto to be used as “a means of payment of fines, civil penalties, rent, rates, taxes, fees, charges,” and more. Bill to Allow State Agencies to Accept Crypto Payments New York State Assembly member Clyde Vanel introduced a bill Thursday that “establishes cryptocurrencies as a form of payment for state agencies,” according to the bill’s description on the New York State Senate website. Assembly Bill A2532 has been referred to the New York State Assembly Committee on Government Operations. According to its summary, the bill: Establishes that state agencies are allowed to accept cryptocurrencies such as bitcoin, ethereum, litecoin and bitcoin cash as payment. The bill seeks to amend New York’s state finance law by adding “cryptocurrency as a form of payment.” The legislation def...

FTX will be the subject of a U.S. Senate hearing, authorities take HashFlare founders into custody and New York finalizes its PoW ban. from Cointelegraph.com News https://ift.tt/ZR7HPLO via IFTTT

The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD valuation shed 7.2% over the last month and gemini dollar’s market capitalization slid by 1.5%. $3 Billion in Dollar-Pegged Tokens Erased in 44 Days as Stablecoin Swaps Represent Nearly 80% of Global Crypto Trade Volume The overall value of the top stablecoins by market capitalization has shed roughly $3 billion during the last 44 days or since Dec. 15, 2022 . At that time, the stablecoin economy was worth $141.07 billion. On that day, stablecoin swaps represented $44.55 billion of the $53.91 billion in global trade volume. After losing more than $3 billion, the stablecoin economy is valued at $138.07 billion , and stablecoin trades equate to $46.33 billion of the $58.76 billion in global trades on Jan. 28, 20...

Some conditions applied to the coupons make them useless for Core Scientific's business, a court filing shows. from Cointelegraph.com News https://ift.tt/lJHnw28 via IFTTT

The United States Federal Reserve Board said on Jan. 27 that both insured and uninsured banks will be subjected to limits on certain activities including those that are associated with crypto assets. The board’s latest action does not preclude a state member bank or prospective applicant from providing crypto-assets safekeeping services. Limiting Regulatory Arbitrage The United States Federal Reserve Board has issued a new policy statement which says that both insured and uninsured banks under its supervision will be subjected to the “same limitations on activities, including novel banking activities, such as crypto-asset-related activities.” The statement also clarifies that the institutions will be subjected to the limitations “on certain activities” which fall under the auspices of the Office of the Comptroller of the Currency (OCC). According to the statement, by imposing limits on the activities of financial institutions, the board is not only attempting to “promote a level p...

Lessons from a HODLer fortunate enough to find Bitcoin after passing on the opportunity repeatedly since 2012. bit.ly/3f7o14k http://dlvr.it/ShZBKT

Law enforcement authorities from over a dozen countries in Europe and North America have taken part in disrupting the activities of the Hive ransomware group, the U.S. Justice Department and Europol announced. Hive is believed to have targeted various organizations worldwide in the past couple of years, often extorting payments in cryptocurrency. Captured Decryption Keys Helped Hive Victims Avoid Paying $130 Million in Ransom Ransomware network Hive, which has had around 1,500 victims in more than 80 countries, has been hit in a months-long disruption campaign, the U.S. Department of Justice (DOJ) and the European Union Agency for Law Enforcement Cooperation (Europol) revealed. A total of 13 nations participated in the operation, including EU member states, the U.K. and Canada. Hive has been identified as a major cybersecurity threat as the ransomware has been used by affiliated actors to compromise and encrypt data and computer systems of government facilities, oil multinationals,...

The new version includes features that developers believe will increase capital efficiency and lower gas fees from Cointelegraph.com News https://ift.tt/YJqcVlG via IFTTT

Bitcoin and select altcoins continue to consolidate near their recent highs, increasing the possibility of an upside breakout. from Cointelegraph.com News https://ift.tt/pFj2NXC via IFTTT

Veteran Ripple executive and former general manager Monica Long said the company has seen record growth in recent months despite the crypto winter. from Cointelegraph.com News https://ift.tt/BayYGlr via IFTTT

It’s a hard year to trade, but there are measures you can take to increase the likelihood you’ll succeed if you want to trade Ether. from Cointelegraph.com News https://ift.tt/Du56ag8 via IFTTT

According to court documents in the FTX bankruptcy case, the company’s attorneys seek to subpoena FTX co-founder Sam Bankman-Fried, his brother Gabriel Bankman-Fried, and his parents, Joseph Bankman and Barbara Fried. Additionally, the attorneys intend to question some of Bankman-Fried’s top deputies, including FTX co-founder Gary Wang, ex-Alameda Research CEO Caroline Ellison, the former chief operating officer Constance Wang, and the exchange’s former director of engineering Nishad Singh. FTX Attorneys Push for Subpoena of Co-Founder, Associates, Parents, and Brother Lawyers for FTX Trading Ltd. and the bankruptcy case ‘s official creditors committee filed a motion that aims to question Sam Bankman-Fried (SBF) , his parents, his brother, and a few of the former CEO’s top lieutenants. The lawyers contend that specific insiders associated with Bankman-Fried’s dealings could provide much-needed insight into financial matters. “Certain insiders are currently cooperating with the debt...

Friktion is urging its customers to withdraw assets from the protocol as the front-end shuts down. from Cointelegraph.com News https://ift.tt/T1upERY via IFTTT

Enslaving us with debt and inflation, the fiat system replaces sincerely-held beliefs. But Bitcoin gives us the chance to be human again. bit.ly/3f7o14k http://dlvr.it/ShWSTK

The NBA has extended its current partnership with Meta to broadcast its games to the metaverse. The company announced that 52 games of the league will be available to be enjoyed using VR (virtual reality) tech, using Xtadium, a co-viewing platform. Five of these games will be presented in a more immersive way for Horizon Worlds, Meta’s flagship metaverse app. NBA to Broadcast 52 Games in the Metaverse The NBA has sealed a deal to bring some of its games freely to the metaverse. On Jan. 23, the company announced an extension of its current partnership with Meta to broadcast its games using VR (virtual reality) technology. The games will be broadcasted using Xtadium, a metaverse app that is used to broadcast immersive sports experiences using Meta’s consumer headset, the Meta Quest 2. The league will present 52 games in Horizon Worlds, Meta’s flagship metaverse app, for users to enjoy and watch. Five of these games will be presented in a more immersive way, using 180-degree monoscop...

The startup is one of the projects participating in the Axelar Ecosystem Startup Funding Program. from Cointelegraph.com News https://ift.tt/BZopmME via IFTTT

On a few occasions last year, crypto advocates discussed how a number of price models, leveraged to help predict the future value of bitcoin, ended up failing. However, since bitcoin’s value has increased by 36% over the last month, the price has entered the darkest band of the rainbow chart after breaking below the rainbow chart’s lowest band at the end of 2022. Bitcoin’s Rainbow Chart Is Making the Rounds Again Last year, specifically in Aug. 2022 and then at the end of the year , the cryptocurrency community discussed the various charts and price models people used to predict where bitcoin’s price was headed next. Over the last decade, a number of the models have followed bitcoin’s specific price patterns pretty closely. People would often leverage charts and models like the rainbow indicator, the golden ratio multiplier , the Fibonacci sequence, logarithmic growth curves , and Plan B’s stock-to-flow (S2F) price model. As the community felt the grip of the crypto winter and t...

Genesis CEO Barry Silbert should have come clean after FTX imploded. Instead, he’s still deflecting responsibility for his company’s bankruptcy. from Cointelegraph.com News https://ift.tt/HwQIxAb via IFTTT

Blur, the non-fungible token (NFT) marketplace, has seen a significant increase in volume since its launch in October. According to statistics from Dune Analytics, Blur has captured about 30% of the market share in terms of sales volume. The NFT marketplace leader, Opensea, commands 48% of the market share. Blur NFT Marketplace Captures 30% of Market Share in Sales Volume An NFT marketplace called Blur has seen an increase in market share over the past 30 days. According to statistics from Dune Analytics, Blur holds 30% of the NFT market’s total market share. Crypto market participants believe Blur’s rise is associated with the upcoming launch of its native token, originally scheduled for January 2023 but delayed, according to a statement from the team. The token is now set to be released on Feb. 14, 2023. “We know this is past our initial estimate of January and we’re sorry for the delay,” the platform tweeted on Thursday . “We’re trying new things and the extra two weeks will a...

In 2021, Stripe raised $600 million from a group of investors at a valuation of $95 billion, making it one of Silicon Valley's most valuable startups. from Cointelegraph.com News https://ift.tt/3DJVaZN via IFTTT

The new Relai Business over-the-counter service will allow businesses to purchase bitcoin quickly. bit.ly/3f7o14k http://dlvr.it/ShSbyc

Gabriel Makhlouf reportedly said there was an “uncomfortable” level of crypto advertisements targeting young adults. from Cointelegraph.com News https://ift.tt/AVkiWDO via IFTTT

Cryptocurrency exchange Luno fired 330 employees on Jan. 25, joining other DCG companies in cutting headcounts. from Cointelegraph.com News https://ift.tt/EL0rw4x via IFTTT

According to multiple sources, the Twitter account of Robinhood was allegedly hacked on Wednesday, Jan. 25, 2023. The account posted a tweet promoting a Binance Smart Chain token listed on the Pancakeswap decentralized exchange. An analysis of the situation on the blockchain shows that the token received fewer than $1,000 in purchases before Robinhood removed the tweet. Onchain Analysis Reveals Limited Impact of Scam Tweet Shared by Robinhood’s Twitter Account On Wednesday afternoon around 12:30 p.m. Eastern Time, Twitter users were discussing how Robinhood’s verified Twitter account, @Robinhoodapp , which carries a gold checkmark, posted a scam tweet. Robinhood has since deleted the tweet, but it can be viewed via an archive.org snapshot and the various screenshots being shared on Twitter. The tweet read: “Reminder, we are launching our NEW TOKEN ($RBH) on the Binance Smart Chain. Will be live at 12 AM EST. You can be among the first to buy at a starting price of $0.0005.” The t...

One of the country’s largest crypto exchanges has fallen under investigators’ scrutiny over allegations of embezzlement by company executives. from Cointelegraph.com News https://ift.tt/0p3IRly via IFTTT

A since-removed tweet called on Robinhood's 1.1 million Twitter followers to each pay $0.0005 for a token called ‘RBH’ on the Binance Smart Chain. from Cointelegraph.com News https://ift.tt/9DHjh2K via IFTTT

Equity markets began the day in the red following the latest corporate earnings reports from some of the world’s largest firms, including Microsoft. The tech giant’s recent conference call was considered disappointing, and earnings from firms such as Boeing, Texas Instruments, and 3M were also lackluster. Gold and silver prices were down between 0.43% and 0.72% on Wednesday, and the cryptocurrency economy dropped 2.79% against the U.S. dollar in the past 24 hours. Concerns of US Recession Mount as Corporate Earnings Disappoint After a couple of bullish weeks, stocks, precious metals, and cryptocurrencies were down on Jan. 25, 2023. As investors awaited the next U.S. Federal Reserve meeting, the state of the U.S. economy showed a great deal of weakness. Earnings reports from Microsoft , Union Pacific , Texas Instruments , and others on Wednesday indicated that the economy was not improving and added to lingering concerns about a potential U.S. recession. On Wednesday morning into t...

Led by Kingsway Capital, Blockstream has raised $125 million for the purpose of expanding their institutional mining services. bit.ly/3f7o14k http://dlvr.it/ShPhvG

It was suggested that the token could be part of a reorganization that would turn it into a publicly traded, U.S. regulated company. from Cointelegraph.com News https://ift.tt/Rn3HJYq via IFTTT