MLM Network Zone

Togolese activist Farida Nabourema describes how Bitcoin offers financial freedom for those living under oppressive regimes. bit.ly/3f7o14k http://dlvr.it/St05DV

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina is likely to settle part of a payment to the International Monetary Fund (IMF) using the Chinese yuan, Bolivia is already making payments using the Chinese yuan, and Sazmining announced the launch of mining operations in Paraguay. Argentina to Complete IMF Payments With Chinese Yuan The government of Argentina will complete part of a disbursement to the International Monetary Fund (IMF) using the Chinese yuan. According to sources linked to Economy Minister Sergio Massa, the $3.4 billion that must be settled this July will be made using “CAF funds, with yuan, and other sources of financing.” The Argentine government recently obtained a “bridge loan” from the CAF (the Latam Development Bank) of $1 billion, effectively getting indebted to pay for its outstanding debt with the IMF. If completed, this would not be the first time that Argenti

Two masterminds of the Telecoin cryptocurrency scam will each serve more than six years in jail after a court in the United Kingdom found them guilty of fraud. According to Lee Parish, the detective chief inspector, the duo used the allure of crypto investment to dupe prospective investors. Fraudulent Sale of Shares A court in the United Kingdom has convicted and jailed masterminds of the Telecoin cryptocurrency scam Ross Jay and Michael Freckleton to more than six years in prison each. In sentencing the duo, the Southwark Crown Court said Jay and Freckleton had orchestrated a fraudulent sale of shares and used the proceeds for personal gain. According to a statement on the City of London Police website, the duo perpetrated the scam between 2015 and 2017. During this period, the two scammers successfully convinced their victims to deposit a little over $650,000 into a bank account which they controlled via their company Digi Ex. Commenting on how Jay and Freckleton were able to d

Kyrgyzstan intends to build a new facility for cryptocurrency mining at one of the country’s hydroelectric stations. The project aims to minimize the power plant’s electricity losses by utilizing its full generating capacity that currently exceeds that of the transmission network. Kyrgyzstan to Power Crypto Mining Hardware With Surplus Green Energy President of Kyrgyzstan, Sadyr Japarov, told local media this week he had approved the construction of a mining farm digital assets with a planned capacity of up to 30 MW at the site of the country’s Kambar-Ata hydroelectric power plant (HPP). The building of the coin mining facility will require $20 million and the funds will be provided by an investor, Kyrgyzstan’s head of state added, speaking to the Kabar news agency. All processes will be automated and controlled by power engineers, Japarov noted. The president also stated that the Kambar-Ata HPP has been in operation since 2010. It’s capable of producing 120 MW of electricity but

The popularity of liquid staking tokens could usher in a new age for Ethereum and the rest of cryptocurrency — and play a key role in the new bull market. from Cointelegraph.com News https://ift.tt/BRnxbVK via IFTTT

A number of pools using Vyper have been exploited due to a malfunctioning reentrancy lock that potentially exposes all pools with wrapped Ether (WETH). from Cointelegraph.com News https://ift.tt/Dwm5yT3 via IFTTT

Representatives Gus Bilirakis and Jan Schakowsky, part of the House Innovation, Data, and Commerce Subcommittee, have sent a letter to Apple requiring information and documents regarding Apple’s iOS Appstore policies on blockchain, non-fungible tokens (NFTs), and distributed ledger technologies. The representatives believe Apple’s policies might “limit innovation and American technology leadership” in these areas. Bilirakis and Schakowsky Inquire About Apple’s Blockchain Policies Representatives Gus Bilirakis and Jan Schakowsky have sent a letter to Tim Cook, CEO of Apple, requiring information about the rules on the iOS App Store regarding emergent technologies such as blockchain, non-fungible tokens (NFTs), and other distributed ledger technologies. In the letter , they express their concern about Apple’s walled garden policies’ effect on the development of apps using these tools, which might hurt innovation from American companies in this area. Furthermore, they also state Apple

The Kenyan data regulator said it is conducting an “assessment of Worldcoin’s practices to ensure compliance with the law.” The data regulator has urged “increased vigilance” by Kenyans who are signing up to receive Worldcoin’s “free money.” Immaculate Kassait warned of the consequences to token recipients and issuers should the data regulator fail to ensure Worldcoin and others’ compliance with the law. Kenya’s Data Protection Laws The Kenyan data regulator, the Office of the Data Protection Commissioner (ODPC), has called for “increased vigilance” by residents seeking to get their hands on Worldcoin’s “free” tokens. In a statement issued via Twitter on July 28, ODPC stated that Worldcoin’s activities in the East African nation are governed by the country’s 2019 Data Protection Act. STATEMENT: @ODPC_KE Calls for Vigilance from the Public as It Engages WorldCoin on Compliance with Data Protection Act, 2019. pic.twitter.com/xoY7uOqcNG — OFFICE OF THE DATA PROTECTION COMMISSIONER

As a solution to money management and physical power projection, Bitcoin can free humanity to focus more on its own well-being. bit.ly/3f7o14k http://dlvr.it/Ssxt0n

The U.S. House Committee on Financial Services has passed the Keep Your Coins Act of 2023 to protect the self-custody of crypto. “Those attacking self-custody oppose individual freedom. They want someone they control to control your assets,” said Congressman Warren Davidson who introduced the bill. Keep Your Coins Act of 2023 Advances The U.S. House Committee on Financial Services passed the Keep Your Coins Act of 2023 (H.R. 4841) on Thursday. The bill, sponsored by Rep. Warren Davidson (R-OH), “would ensure that consumers are allowed to maintain custody of their digital assets in self-hosted wallets,” ⁦the committee described. Congressman Davidson tweeted Friday: Last night, U.S. House Committee on Financial Services⁩ passed my bill to protect self-custody. Those attacking self-custody oppose individual freedom. They want someone they control to control your assets. Defend Freedom. Keep Your Coins Act of 2023 prohibits federal agencies “from restricting the use of convertible

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has called crypto “a highly speculative asset class” and a field that is “ rife with fraud.” He stressed that there are far too many bad actors in crypto, noting that crypto platforms often commingle funds and trade against their customers. Gary Gensler Says Crypto Field Rife With Fraud The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, slammed crypto in an interview with Bloomberg on Thursday. “In this field of crypto investing, a lot of investors should be aware it’s not only a highly speculative asset class, it’s also one that they currently should not assume that they are getting the protections of the securities law, even though the securities laws apply to many of those tokens without prejudging anyone. But, you as investors are not getting the full, fair, and truthful disclosure,” the SEC chair cautioned. Gensler added: The platforms, the intermediaries are doing things that we

BRICS member states India and Brazil stand in the way of China’s bid to quickly expand the bloc, unveiled a media report. The two nations have different reasons to have reservations about Beijing’s plan to soon increase the organization’s geopolitical influence while they both seem to want to slow down the enlargement, sources have indicated. India and Brazil Push Back Against China’s Attempt to Expand BRICS, Officials Say Officials familiar with the discussions on the future composition of the BRICS bloc of developing economies have revealed that India and Brazil are pushing back against a Chinese bid to rapidly expand the group, which currently also includes Russia and South Africa. According to a report by Bloomberg, New Delhi and Brasília have raised their objections in preparatory talks for the organization’s upcoming summit in Johannesburg. During the forum on Aug. 22 – 24, the five nations will discuss the induction of new members. China has repeatedly lobbied for expansion

The decision relates to an SEC order from 2020 exempting SPIKES Index from the definition of securities futures. from Cointelegraph.com News https://ift.tt/91LAhCM via IFTTT

Bitcoin’s price action remains lackluster, but select altcoins are showing signs of breaking out of their respective resistance levels. from Cointelegraph.com News https://ift.tt/qTnbGdA via IFTTT

Thirteen years ago to the day, the enigmatic creator of Bitcoin, Satoshi Nakamoto, pronounced a quote that has since reverberated across various contexts. This prominent aphorism: “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry,” was Nakamoto’s curt response to questions surrounding the potential solutions for Bitcoin’s transaction speeds and double spending issues. The 13th Year Anniversary of Nakamoto’s Iconic Quote In the summer of 2010, Satoshi Nakamoto was a palpable presence in the nascent world of digital currency, busily shaping Bitcoin’s path and engaging in lively dialogues online. Within a span of two weeks – from July 2 to July 17, 2010 – Nakamoto found the time to articulate 73 thoughtful responses on specific discussions hosted on the forum bitcointalk.org. It was in this buzzing hub, on July 29, 2010, that Nakamoto memorably posted his now-famous line, “If you don’t believe me or don’t get it, I don’t have time to try to conv

As history has shown, incumbent powers can control the narratives around their inherently-inferior solutions. bit.ly/3f7o14k http://dlvr.it/SsvMmv

PRESS RELEASE. ATPBot, the renowned leader in quantitative trading strategy development, proudly introduces its revolutionary auto trading bot to the cryptocurrency market. This cutting-edge bot boasts a user-friendly interface and a proven set of features, designed to cater to both novice and seasoned traders alike. ATPBot leverages the power of artificial intelligence to create and implement winning quantitative trading strategies. Supported by rigorously tested and proven methods, the bot offers meticulous backtest data, instilling investors with confidence in their trading endeavors. The auto trading bot simplifies the complex trading landscape into just three steps: Connect, Select, Run! By connecting to a crypto exchange API, users can effortlessly choose a strategy and set the investment amount. With a single click of the “Run” button, the AI bot takes over, tirelessly working 24/7. ATPBot’s brilliance lies in its constant strategy adjustments, fueled by extensive histori

The proof of humanness protocol released security audit reports claiming that most issues were fixed or mitigated. from Cointelegraph.com News https://ift.tt/ngWSQci via IFTTT

A new study conducted in May 2023 sought to uncover insights, perspectives, and outlooks on meme coins from crypto investors around the world. The online survey of 1,503 participants aimed to gauge meme coins’ potential in the cryptocurrency market. It revealed several findings about investor sentiments, behaviors, and perceptions surrounding these unique digital assets. Meme Coins: Gamble or Investment? The study by chainplay.gg titled “State of Meme Coin” revealed a divide between investors who have purchased meme coins (63.9%) and those avoiding them (36.1%). Of the investors purchasing meme coins, a majority (69%) do it for fun. Yet, 79% still perceive them as long-term investments with the potential for profit, even though 70% suspect most meme coins are fraudulent. Additionally, 73% equate investing in meme coins to mere gambling. The primary concerns about meme coins, according to nearly 64% of the study’s respondents, are scams and rug pulls. Over half (55.13%) also expres

The total value locked in DeFi protocols remained below $50 billion after another week of exploits. from Cointelegraph.com News https://ift.tt/WmPyJoH via IFTTT

Oracles enable value, but they are also susceptible to value manipulation; co-founders of Cosmos-based Seda discuss their benefits and how to prevent pitfalls. from Cointelegraph.com News https://ift.tt/j6ZUJYt via IFTTT

With the recent launch of Worldcoin’s token, worldcoin (WLD), Optimism has experienced a surge in daily transactions, reaching an all-time high on July 27. Data reveals that 944,000 Optimism transactions were processed on Thursday, with WLD transfers closing in on 1 million. WLD Token Arrival Spurs Transaction Surge on Optimism: New Milestone Reached The Ethereum layer two (L2) network, Optimism, is reaping the benefits from Worldcoin’s (WLD) debut as the token integrated with the L2 blockchain before its introduction. As of 11:03 a.m. Eastern Time on Friday, archived records show that 285,527 distinct addresses possess WLD, and thus far, WLD has recorded 887,482 transactions. As a result, Optimism’s daily transfers have soared to new levels. For example, according to Dune Analytics data , Optimism’s daily transactions reached 808,942 transfers on July 26, 2023. Taken together, the L2 networks Optimism and Arbitrum surpassed the number of Ethereum transactions; however, Ethereum p

Sazmining powers sustainable Bitcoin mining in Paraguay with renewable energy. bit.ly/3f7o14k http://dlvr.it/Ssrkkk

Twitter announced its rebrand to “X” on July 24, the same day the Worldcoin token launched and provided an opportunity for scammers. from Cointelegraph.com News https://ift.tt/UZ6kAS0 via IFTTT

Stronghold Digital Mining announced Thursday it has acquired 2,000 application-specific integrated circuit (ASIC) bitcoin mining rigs from Canaan. The new machines, costing $3 million, will be delivered to Stronghold’s Panther Creek facility in the third quarter. Stronghold Digital Mining Acquires 2,000 Avalon A1346 Bitcoin Miners Although 2022 wasn’t an exceptional year for bitcoin mining operations, firms have significantly expanded in 2023. New facilities have been launched , and mining companies have purchased thousands of bitcoin miners for expansion. On Thursday, Stronghold Digital Mining, listed on Nasdaq as SDIG, revealed it has purchased 2,000 Avalon A1346 bitcoin miners crafted by Canaan. The Canaan mining machines are estimated to produce a hashrate of around 110 terahash per second (TH/s), with a single machine consuming 3,300 watts. The power efficiency of a single Avalon A1346 is approximately 30 joules per terahash. Stronghold specified that the new machines, costi

The Enhanced Dai Savings Rate is based on DSR utilization and could boost the stablecoin yield by as much as 8%. from Cointelegraph.com News https://ift.tt/21FDL0I via IFTTT

In a court filing released Wednesday, the U.S. Department of Justice dropped campaign finance charges against disgraced FTX co-founder Sam Bankman-Fried. Prosecutors said the charges were dropped in accordance with U.S. treaty obligations to the Bahamas. Sam Bankman-Fried Cleared of Campaign Finance Charges Campaign finance charges against Sam Bankman-Fried, co-founder and former CEO of FTX, have been dropped, according to a court filing released Wednesday. Bankman-Fried was extradited swiftly from the Bahamas to the U.S. last December. His lawyers argued that the U.S. Department of Justice mishandled the extradition process. In late June, Bankman-Fried’s legal team argued that the extradition process from the Bahamas to the U.S. violated the rule of specialty, as he faced charges beyond those originally specified in the extradition request. “In keeping with its treaty obligations to the Bahamas, the government does not intend to proceed to trial on the campaign contributions coun

Optimism lost the top spot to Arbitrum in January, after the end of its season one “quest," but has regained it after Worldcoin launched on July 25. from Cointelegraph.com News https://ift.tt/P3OFwWz via IFTTT

The European Central Bank (ECB) has raised the benchmark bank rates by 25 basis points (bps) citing that inflation was down but still remained “too high for too long.” When ECB president Christine Lagarde was pressed about cutting rates by reporters, Lagard insisted the central bank was “not going to cut.” ECB Boosts Interest Rates Amid Inflation Woes The European Central Bank’s (ECB) Governing Council announced that it has raised three key ECB interest rates by 25bps on Thursday. The ECB’s move follows the U.S. Federal Reserve hiking the federal funds rate by 25bps the day prior. Similarly to the Fed’s decision, the ECB members of the Governing Council insisted that the bank looks to get annual inflation down to its 2% target. The interest rate hike will be the ECB’s 12th rate hike in a row. “The rate increase today reflects the Governing Council’s assessment of the inflation outlook, the dynamics of underlying inflation, and the strength of monetary policy transmission,” the EC

As financial firms look to offer bitcoin products ahead of the upcoming halving, they are poised to capitalize on increasing demand. bit.ly/3f7o14k http://dlvr.it/Ssphtc

Fabian Vogelsteller has been working full-time to create his new blockchain since 2018, with its mainnet launching just this May. from Cointelegraph.com News https://ift.tt/pRnlGfY via IFTTT

A couple who filed a lawsuit over how staked Tezos tokens were taxed has gone to appellate court after refusing to accept a refund check from the IRS. from Cointelegraph.com News https://ift.tt/FKwHIiu via IFTTT

Renowned bitcoin investor and venture capitalist, Tim Draper, envisions a future where bitcoin emerges as a formidable competitor to the world’s fiat currencies. During a recent interview with Fox News, Draper argued that bitcoin’s inherent safety and superiority surpass those of traditional banking systems and government-controlled fiat currencies. Venture Capitalist Tim Draper Says Bitcoin Is ‘Transforming the Way Currency and Commerce Is Done’ Tim Draper , a prominent advocate of bitcoin ( BTC ), has recently revised his prediction for the timeline when he anticipates BTC to reach $250,000 per unit. In an interview with Fox News published on Wednesday, Draper discussed the leading cryptocurrency asset on Fox Business’ “Claman Countdown” broadcast. Throughout the interview, Draper emphasized the significance of the Internet in society and expressed his belief that “the same is going to be true of bitcoin.” “We’re going through one of the most exciting decades I think we’ll ever

BTC's price has yet to see real volatility kick in as the Fed hikes rates with Chair Powell yet to speak. from Cointelegraph.com News https://ift.tt/j8P5D9g via IFTTT

In the latest Federal Open Market Committee (FOMC) report, it was stated that the U.S. economy has been experiencing moderate growth and members of the committee have decided to raise the federal funds rate by 25 basis points (bps) in order to keep a handle on inflation. Fed Raises Benchmark Bank Rate by 25bps The U.S. Federal Reserve once again hiked the federal funds rate by 25bps after pausing the month prior. It was widely accepted that a 25bps rise was in the cards as CME’s Fedwatch tool said the probability was 99%. In the statement on Wednesday, the FOMC said that the U.S. banking system was sound and resilient. Nevertheless, it expressed concern that tighter credit conditions for households and businesses might have a negative impact on economic activity, hiring, and inflation. The extent of these effects remains uncertain, and the committee remains attentive to inflation risks. Per usual, the Fed still is focused on obtaining a 2% annual inflation rate over the longer term

As a superior, digital form of wealth storage, bitcoin offers a complementary asset for real estate investors to consider. bit.ly/3f7o14k http://dlvr.it/Ssltjf

President Vladimir Putin has signed into law a bill on the introduction of the digital ruble in the Russian Federation. The new legislation, which legalizes and regulates the use of Bank of Russia’s digital currency for payments and other transactions, will enter into force on Aug. 1. President Putin Greenlights Law Introducing Digital Ruble as New Form of Russian Fiat Russian President Vladimir Putin has approved a bill providing the legal basis for the implementation of Russia’s central bank digital currency ( CBDC ), the Tass news agency and other Russian media reported. The new federal law introduces a third, digital form of the national currency, the ruble, after cash and non-cash (bank) money. Putin’s signature opens the door for using the CBDC named “digital ruble” as a means of payment and for other transfers in the Russian Federation. These will be free of charge for citizens while businesses will pay a 0.3% commission on the amount transferred. Transactions with the dig

Even with a price correction to $29,000, several Bitcoin price metrics show traders casting bets on a quick rebound. from Cointelegraph.com News https://ift.tt/VzOgNyF via IFTTT

On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange, Ripple Labs, Inc. (Ripple). District Judge Analisa Torres’ highly anticipated order has been touted as a landmark victory by some digital asset lawyers and other professionals in the beleaguered industry. The SEC claimed Ripple and some of its senior leaders conducted unregistered offering and sale of “crypto-asset securities” in connection with its issuance of the XRP token ( XRP ). The following editorial was written by guest authors Wyatt Noble and Michael Handelsman for Kelman.Law Ripple vs. SEC Specifically, the SEC alleged in its complaint that Ripple sold more than 14.6 billion XRP , valued at more than $1.38 billion from 2013 through 2020, without filing a registration statement. According to the complaint these sales constitu