MLM Network Zone

A group of Bitcoiners calling themselves the Chief Lightning Officers are focused on spreading adoption through local connection. bit.ly/3f7o14k http://dlvr.it/SrSBMm

The huge asset manager was denied approval for the Wise Origin Trust last year; now, it is joining a long line of spot fund hopefuls. from Cointelegraph.com News https://ift.tt/olQYMvE via IFTTT

The scheduled launch date for these futures contracts is set for July 31, pending regulatory review. from Cointelegraph.com News https://ift.tt/vgA4cLE via IFTTT

Banks in the European Union will have to disclose their exposure to cryptocurrencies, EU institutions announced. The obligation will be introduced under a deal to implement globally agreed regulatory standards meant to improve the resilience of the financial institutions. Deal Reached to Finalize EU Reforms of Banking Rules Addressing Crypto Risks Representatives of the European Parliament, the Council and the Commission reached a provisional agreement to amend EU regulations on capital requirements for banks. The changes seek to make EU banks more resilient to economic shocks by implementing the Basel III global standards while taking into account European specifics. The third Basel Accord was agreed by the European Union and its G20 partners in the Basel Committee on Banking Supervision. It represents a framework of international standards for bank capital adequacy, stress testing, and liquidity requirements which was first announced in late 2010 but its implementation was repea...

The legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law. from Cointelegraph.com News https://ift.tt/03brR2F via IFTTT

FTX management is actively seeking potential participants to revive the formerly defunct crypto exchange, as reported by sources knowledgeable about the situation. CEO John J. Ray III and other FTX executives have reportedly engaged in preliminary discussions with prospective investors, who could either acquire full ownership of the business or establish a joint venture. FTX Aims for Resurgence: CEO and Executives Enter Discussions to Bring Back Crypto Exchange Over the past few days, FTX’s native exchange token, FTT, has experienced a substantial surge in value. In the last 24 hours alone, the crypto asset has seen a 40% increase. Furthermore, within the past week, FTT’s value has soared by over 100%, as it surpassed the $2 threshold on Thursday, June 29, 2023. This recent spike in FTT’s price is attributable to renewed speculation surrounding the potential reboot of FTX. The latest speculation originated from a report in the Wall Street Journal, which cites sources familiar with...

LayerZero CEO Bryan Pellegrino is optimistic about the future of the blockchain industry and the “really important plumbing” LayerZero provides for it. from Cointelegraph.com News https://ift.tt/PeTi4Wu via IFTTT

“Today, every single Bitcoiner undervalues and underpays for the use of this immutable digital ledger.” bit.ly/3f7o14k http://dlvr.it/SrPQDp

The Reserve Bank of India listed six specific ways stablecoin can undermine emerging markets, adding to its mounting case against crypto. from Cointelegraph.com News https://ift.tt/Nn6XGtz via IFTTT

The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital. from Cointelegraph.com News https://ift.tt/FafASbY via IFTTT

Bitcoin and several altcoins are stuck in a tight range, indicating that a breakout is brewing. from Cointelegraph.com News https://ift.tt/g09iZVY via IFTTT

Project Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place of order books. from Cointelegraph.com News https://ift.tt/N05zBah via IFTTT

Over the past 30 days, the popularity of the term “bitcoin” has surged significantly, as indicated by Google Trends metrics. On June 21, 2023, the search term bitcoin achieved a perfect score of 100. Notably, the curiosity surrounding bitcoin-related news has also experienced a notable uptick this past month. In particular, topics such as Blackrock’s exchange-traded fund (ETF) have contributed to the heightened interest in the subject matter. Blackrock Sparks Bitcoin Interest Boom, According to Google Trends Over the course of the past month, bitcoin ( BTC ) has witnessed a notable 9% increase in its price, captivating the attention of many. This surge in interest is depicted through Google Trends statistics, revealing a significant upswing in searches for the term “ bitcoin .” As of June 28, 2023, the data from Google Trends clearly demonstrates a significant rise in search activity since May 28, 2023. On that day, the search term bitcoin achieved a score of 61 out of 100. However...

Ethereum's staking ratio continues to rise since the network upgrade in April. from Cointelegraph.com News https://ift.tt/OVj0zQ8 via IFTTT

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin will ever be below $27,000 again. Have you missed your chance to purchase some sats at sub $30,000 levels? from Cointelegraph.com News https://ift.tt/NJRYi1p via IFTTT

On June 28, the crypto hardware wallet manufacturer and security firm Ledger unveiled its latest offering, a digital currency exchange and custodial solution service, specifically tailored for institutions. The new service, known as Tradelink, has been heralded by Ledger as “the first open network to enable custodial trading via exchange and custodial partners.” Ledger Targets Institutions With Tradelink Launch The security firm and crypto hardware manufacturer Ledger announced the launch of a new service on Wednesday that targets institutional investors. According to the company, the Ledger Enterprise Tradelink service will enable “off-exchange trading,” “enhanced security,” “distribution of risk,” “zero transaction fees,” and “faster and more efficient trading.” Ledger details that it has partnered with a slew of asset managers and market makers such as Hodl Group, Wyden, Wintermute, Coinsquare, NDAX, Damex, Bitazza, Flowdesk, YouHodler, Crypto.com, Bitstamp, Huobi, Uphold Insti...

Binance's Director of MENA and Europe, Vishal Sacheendran, sheds light on MiCA, Europe's forthcoming regulatory framework. bit.ly/3f7o14k http://dlvr.it/SrLc4W

Twitter users noticed thousands of Safe deployments to Optimism, leading to speculation that it may be an attack, but the developer of Worldcoin confirmed that this activity was merely an app migration. from Cointelegraph.com News https://ift.tt/bDW5QgB via IFTTT

According to several reports, Chibi Finance, the decentralized finance (defi) platform built on top of Arbitrum, allegedly executed an exit scam on its users. Blockchain intelligence firm Peckshield provided a detailed account, revealing that approximately $1 million worth of cryptocurrency assets were illicitly withdrawn and converted into Ethereum. Chiba Finance Becomes 12th Defi Platform on Arbitrum to Exit Scam, Says Smart Contract Auditor Certik On June 27, 2023, the blockchain analysis and intelligence firm Peckshield’s Twitter alert system notified the community about funds being drained from the DeFi application Chiba Finance. “Seems like Chiba Finance rugged,” Peckshield’s alert disclosed on Tuesday. “$1M worth of cryptocurrencies were drained. The stolen funds, which have been swapped for 555 ETH , were bridged from Arbitrum to Ethereum. They have already been transferred into Tornado Cash,” the notice added. All traces of Chiba Finance, including the website, Twitter ac...

The new exchange does not custody customer funds itself to avoid a conflict of interest — and a hot-button issue with the SEC. from Cointelegraph.com News https://ift.tt/pvhibo7 via IFTTT

The launch announcement followed expansion moves by Bitfinex into El Salvador and Chile through licensing and partnerships, respectively. from Cointelegraph.com News https://ift.tt/DIaJowu via IFTTT

Russian citizens sought refuge in tether amid the brief mutiny of the Wagner mercenary group that shook their country. The ruble-denominated trading volume of the U.S. dollar-pegged stablecoin spiked during the short-lived rebellion, market data revealed. Russians Traded Millions of Dollars’ Worth of Tether in a Day of Unrest Triggered by Wagner Many Russians have apparently tried to find safe haven in crypto when their nation was at the brink of a civil war a few days ago. On Saturday, as a revolt by the Wagner private army unfolded, trades between the Russian fiat and tether ( USDT ) surged to almost $15 million in value, or close to 1.3 billion rubles, according to blockchain data firm Ccdata. The volume was up from $4 million on Friday, the Wall Street Journal noted in a report. On the same day, Wagner’s boss, Yevgeny Prigozhin, posted a series of video and audio messages announcing his mercenaries will lead a “march for justice” against Russia’s military leadership, the culmin...

The permissionless, collateralized fixed-rate borrowing and lending market restored operations in May and will now switch out user tokens worth $1.5 million. from Cointelegraph.com News https://ift.tt/XMmU6jY via IFTTT

HSBC's decision comes amid a surge of institutional interest in Bitcoin ETFs, potentially fueling a global competition to attract capital. bit.ly/3f7o14k http://dlvr.it/SrHlKB

The ban comes less than a week after the House proposed a bill to create a federal artificial intelligence commission. from Cointelegraph.com News https://ift.tt/dR3BKnZ via IFTTT

American television presenter and author, John Stossel, released a video on June 20, 2023, where he delved into the findings of a recent study on global economic freedom. Conducted by the Heritage Foundation and unveiled in late February, the research unveils a stark reality: the United States has experienced a substantial decline in economic freedom. From being ranked as the 20th freest nation in 2022, the United States has now slipped to the 25th position in 2023. John Stossel’s Video and Heritage Foundation Study Expose Decline in U.S. Economic Freedom John Stossel, the television show host and author known for his libertarian leanings, recently released a video discussing global economic freedom and the United States’ position among other nations. “Is America really the land of the free?” Stossel asked in a tweet. “Not anymore, according to a new ranking. The U.S. fell to 25th freest country on Earth,” the broadcaster explained. In the video, Stossel refers to the 2023 Index o...

Tracing funds is highly challenging, according to the FTX Debtors’ second interim report, and there is no doubt that that was by design. from Cointelegraph.com News https://ift.tt/fNlM678 via IFTTT

The parallel market exchange rate of the Cuban peso versus the greenback recently dropped to CUP200 per dollar, a level last seen in Oct. 2022, a report has said. Pavel Vidal, a former economist at the Cuban central bank, said the peso’s depreciation has caused the “impoverishment of the economy and families in dollar terms.” Peso Down by More Than 20% in 2023 According to data provided by El Toque, the Cuban peso’s exchange rate on the parallel market recently matched an all-time low of 200 per dollar last seen in Oct. 2022. The peso’s latest plunge means the currency, which is officially pegged at CUP25:USD1, has now depreciated by over 20% in 2023 alone and by more than 50% in under 12 months. As per a report , the peso’s latest plunge has further eroded the purchasing power of Cuban salaries which rarely exceed an equivalent of $25 or 5,000 pesos per month. The currency’s accelerated depreciation is coming at a time when the country’s leader, Miguel Diaz-Canel, has joined other...

Three trial use cases have been completed as part of the project, and the report uses them as a “framework for consideration” of financial market infrastructure. from Cointelegraph.com News https://ift.tt/njIxa58 via IFTTT

The BTC Prague event showcased the importance of live Bitcoin education, connections and celebration. bit.ly/3f7o14k http://dlvr.it/SrFcSv

Blockchain Australia, the country’s peak crypto industry body has announced a new CEO who wants to speed up the crypto regulatory process. from Cointelegraph.com News https://ift.tt/iIEeAqz via IFTTT

Mary Daly, the president of the San Francisco Federal Reserve Bank, expressed her views this week, stating that she believes two additional rate hikes this year would be appropriate. However, she maintains a neutral stance regarding the forthcoming July Federal Open Market Committee (FOMC) meeting, emphasizing her desire to preserve flexibility by “maintaining optionality.” Fed’s Daly Doesn’t Want to ‘Trip the Economy up Into an Unforced Error’ During the June FOMC gathering, the U.S. Federal Reserve members decided to refrain from raising the federal funds rate for that specific meeting. Jerome Powell, the current chairman of the Federal Reserve, informed the media that the upcoming July FOMC meeting would be a “live” one, as it would determine whether or not the central bank would increase the interest rate during that period. Powell then testified before the House Financial Services Committee last Wednesday and indicated that the benchmark bank rate is likely to rise again thi...

Lack of clarity on digital assets could have significant consequences for banks navigating higher interest rates, according to Fed Governor Michelle Bowman. from Cointelegraph.com News https://ift.tt/xwh0MP8 via IFTTT

Japan's National Tax Agency published a partial revision of its corporate tax guidelines, implementing new tax rules for token issuers. from Cointelegraph.com News https://ift.tt/jT0GysD via IFTTT

The third plenary of the Financial Action Task Force (FATF), held in Paris, found a lack of global adoption of the virtual asset recommendations established by the institution. According to evaluations, almost three-quarters of the jurisdictions are partially compliant or non-compliant with these recommendations. FATF Plenary Calls To ‘Close Gaps’ in Global Regulation of Virtual Assets The third plenary of the Financial Action Task Force (FATF), the global money-laundering watchdog, is calling to close the regulatory gaps in the compliance system of virtual assets. The meeting, held in Paris with the participation of more than 200 delegates, examined the adoption level of the recommendations of the institution regarding virtual assets and virtual assets service providers (VASPs). According to reports and evaluations, almost three-quarters or more of the jurisdictions present were either partially compliant or just non-compliant with these recommendations. A FATF plenary publication...

Bitcoin and Ether’s recovery has improved traders' sentiment, which could trigger buying in ARB, VET, and STX. from Cointelegraph.com News https://ift.tt/5WnCUrG via IFTTT

“If you're looking for an orange-pilling opportunity with the most asymmetric upside, consider talking about Bitcoin … with your barber or stylist.” bit.ly/3f7o14k http://dlvr.it/SrCHPD

Rich Dad Poor Dad author Robert Kiyosaki has shared a very simple way of telling whether an economy is in a recession. “There is a lot of hot air about ‘Are we in a recession or not.’ The answer is simple,” the famous author claimed. Robert Kiyosaki on How to Tell if We’re in a Recession The author of Rich Dad Poor Dad, Robert Kiyosaki, has explained how to tell if the economy is in a recession. 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 Thursday: There is a lot of hot air about ‘Are we in a recession or not.’ The answer is simple. My rich dad said ‘If your neighbor loses his job, the economy is in a recession. You lose job, economy in depression. KISS. Keep It Super Simple. Be an entrepreneur. Never need a job. The famous author has cautioned about a ...

The U.S. Securities and Exchange Commission (SEC)’s former head of internet enforcement has warned that Binance’s recent motion accusing the regulator of ethical violations could expedite criminal charges against the crypto exchange. “Binance’s motion is provocative and Binance’s antagonistic, arrogant, accusatory, and unorthodox ethics battle-cry could fan the flames of whatever Binance-related criminal prosecution is cooking,” the former SEC official cautioned. ‘Binance Will Regret Having Ever Filed This Motion’ Former U.S. Securities and Exchange Commission (SEC) official John Reed Stark has provided insight into the potential consequences of Binance’s recent motion against the regulator, stating that it could expedite the process of bringing criminal charges against the cryptocurrency exchange. Stark is currently president of cybersecurity firm John Reed Stark Consulting. He founded and served as chief of the SEC Office of Internet Enforcement for 11 years. He was also an SEC en...

The government of Venezuela has announced that it is currently working to integrate Mir, a Russian electronic card and transfer payments system. President Nicolas Maduro backed this integration, stating that this move is part of a de-dollarization push. More than 40,000 payment terminals are being adapted to accept Mir-compliant cards. Venezuela Integrates Russia’s Mir Payments System The government of Venezuela recently announced that it is integrating Mir, a Russian payments system, into its point-of-sale network, as part of a national de-dollarization push previously announced by President Nicolas Maduro. Calixto Ortega, president of the Central Bank of Venezuela, stated that the bank had finalized the necessary steps to “be connected to the interbank messaging of the Central Bank of Russia in order to be able to communicate with Venezuelan banks and Russian banks through this system.” In this first phase, more than 40,000 point-of-sale terminals will be able to interact with...

Bitcoin’s “Great Accumulation” period has begun, Binance.US withdrawals resume, and the U.K. prepares for its upcoming crypto regulation. from Cointelegraph.com News https://ift.tt/zVs5HAj via IFTTT

A creditor of now-bankrupted crypto exchange FTX pledged a $31,307 claim as collateral for a DeFi loan. from Cointelegraph.com News https://ift.tt/iKlG2BN via IFTTT

According to a Newsweek poll conducted by Redfield & Wilton Strategies, 55% of Americans are “very” or “fairly” concerned about paying off credit debt this year. The total credit card balance of Americans is at its highest point since the U.S. Federal Reserve began tracking the data, and current metrics indicate that Americans are using credit to mitigate inflationary pressures. U.S. Consumers Rely on Credit Cards to ‘Navigate Costs Associated With Inflation’ While the most recent consumer price index (CPI) report from the U.S. Bureau of Labor Statistics indicates a cooling of inflation in the United States, Americans have turned to credit cards to offset the rising prices. According to a poll published by Newsweek and Redfield & Wilton Strategies, which surveyed 1,500 American citizens on May 31, approximately 30% of respondents have debt ranging from $1,000 to $5,000. Among Americans aged 22-34, around 22% have accumulated over $10,000 in debt, while 21% of U.S. citizens...

The advent of Ordinals has brought renewed attention to debates about bitcoin’s role as “digital gold.” bit.ly/3f7o14k http://dlvr.it/Sr9LXq

“To me, it all comes down to building a legacy and playing a part in the future of Bitcoin, even from beyond the grave.” bit.ly/3f7o14k http://dlvr.it/Sr8nQ3

Wirex cards may stop working in the European Economic Area, but funds held in the account are safe, the company said. from Cointelegraph.com News https://ift.tt/4haXMo7 via IFTTT

David Hunter, the chief macro strategist at Contrarian Macro Advisors, predicts an interesting development for global markets in the fourth quarter of 2023. According to him, global markets will experience a remarkable surge, aptly described as a “melt up.” However, this surge will be short-lived, as a substantial downturn is expected to follow. Hunter emphasizes that after this rise and fall, we won’t witness the same lofty peaks of the 41-year secular bull cycle for many years to come. Contrarian Macro Advisors Exec Anticipates Global Markets’ ‘Melt Up’ in Q4 2023, Warns 80% Downturn Will Follow In an interview with Kitco News’ lead anchor and editor-in-chief, Michelle Makori, David Hunter delved into the realm of the economy, unraveling a compelling narrative of a potential “melt up” scenario. Renowned for his remarkable knack for forecasting economic cycles and identifying market trends ahead of the curve, Hunter unveiled his forecast. He painted a picture of the S&P 500 s...

The request was denied by U.S. District Judge Lewis Kaplan, who characterized it as a “fishing expedition” lacking justification. from Cointelegraph.com News https://ift.tt/BD5aclW via IFTTT

PEPE quietly pulled off a 100% rally earlier this week, raising questions on whether the frog-themed memecoin will become a serious Dogecoin competitor. from Cointelegraph.com News https://ift.tt/PNMjoQ0 via IFTTT