MLM Network Zone

Bitcoin Magazine has inscribed the cover of its newest print magazine to the Bitcoin blockchain leveraging state of the art recursion technology with Ordinals. bit.ly/3f7o14k http://dlvr.it/SvRbg3

In early August 2023, Bloomberg ETF specialists Eric Balchunas and James Seyffart estimated a 65% probability for the approval of a spot bitcoin ETF. However, as August draws to its conclusion, and in light of a U.S. court siding with Grayscale over a legal tussle against the U.S. Securities and Exchange Commission (SEC), the pair have revised their prediction, now pegging the likelihood at 75%. SEC Decision Looms for Seven Spot Bitcoin ETFs Barring any delays, the U.S. Securities and Exchange Commission (SEC) is poised to either greenlight or turn down seven distinct proposals for a spot bitcoin ETF. These applications hail from notable names like Blackrock, Wisdomtree, Valkyrie, Fidelity, Vaneck, Bitwise, and Invesco. Bloomberg’s senior ETF analyst, Balchunas, conveyed that he and Seyffart have adjusted the odds from their earlier forecast . “James Seyffart [and] I are upping our odds to 75% of spot bitcoin ETFs launching this yr (95% by end of ’24),” Balchunas posted to the soc...

Utah-based Nodal Power, which specializes in turning landfill gas into energy for powering bitcoin ( BTC ) mining hubs, recently announced a successful $13 million seed round backed by strategic investors. Bryan Black, Nodal’s CEO, stressed the technology’s “potential to make a significant impact on local energy markets.” Nodal Power Raises $13M to Convert Landfill Gas to Bitcoin Mining Energy; Eyes Local Market Impact Nodal Power , a company that converts landfill gas into energy for Bitcoin mining centers, has secured $13 million in seed funding. This technology reduces methane gas emissions from landfills and uses that energy for mining. Nodal combusts the methane, typically flared or vented, with a generator. The resulting electricity is then provided to local utilities and BTC mining operations. Nodal says a significant portion of the funding has been invested in building and operating two power plants in the United States. The first, in the Southeast, uses landfill gas to pr...

Traders say the record-low number of BTC held on exchanges is a bull signal, but data suggests otherwise. from Cointelegraph.com News https://ift.tt/ZE865yv via IFTTT

Bitcoin and altcoins are struggling to hold the gains accrued earlier this week, a potential sign that the price breakout was just a response to Grayscale's victory over the SEC. from Cointelegraph.com News https://ift.tt/H8MVUX0 via IFTTT

Following Paypal’s declaration about the introduction of a fresh stablecoin, the smart contract address has revealed that the quantity of PYUSD stood at approximately 26.9 million. In the subsequent 22 days, the supply of PYUSD has risen by over 60%, now totaling 43.3 million. Paypal’s Stablecoin Supply Surged by 60%, but the Dollar-Pegged Token Is Nowhere Near Today’s Stablecoin Giants Paypal’s stablecoin has experienced a growth of more than 60% in its supply in under a month’s time. At present, there are 43.3 million PYUSD in existence , and approximately 346 distinct addresses hold PYUSD. Despite the supply increase, the coin has only recorded a scant total of 1,462 transfers since its launch. Moreover, the Paxos-operated contract address holds 34.99 million PYUSD, approximately 80.8277% of the overall supply. Paxos’ Treasury address ranks second-largest, containing 8.7797% of the supply or 3.8 million PYUSD. The third-largest PYUSD holding belongs to Crypto.com, with 2.79 mil...

The FTX bankruptcy claims agent reportedly confirmed that users’ personal data were leaked, contrary to earlier claims. from Cointelegraph.com News https://ift.tt/DjQTOgp via IFTTT

Bitcoin Magazine Books announces a new title that offers a novel framework for understanding Bitcoin through the lens of cryptography and sovereignty. bit.ly/3f7o14k http://dlvr.it/SvNwDw

This license also includes related service providers, such as wallets, payment processors, and exchanges. bit.ly/3f7o14k http://dlvr.it/SvMhV5

Along with longshot Democratic hopeful Robert F. Kennedy Jr., Francis Suarez was one of the few openly crypto-friendly candidates running in 2024. from Cointelegraph.com News https://ift.tt/iR5Ns1Y via IFTTT

The U.S. Department of Justice filed a motion on Monday seeking to bar all seven of Sam Bankman-Fried’s proposed expert witnesses from testifying in the former FTX CEO’s upcoming fraud trial. Federal prosecutors cited issues with the witnesses’ reliability and accused them of improperly offering opinions on Bankman-Fried’s state of mind. DOJ Seeks to Bar All Expert Witnesses in Former FTX CEO’s Fraud Trial In the 39-page motion , the Department of Justice (DOJ) argued the witnesses’ opinions amounted to “an expert patina to inadmissible hearsay testimony about the defendant’s supposed lack of criminal knowledge or intent.” Prosecutors took issue with British barrister Lawrence Akka’s planned testimony interpreting FTX’s terms of service, saying it would confuse the jury and usurp the court’s role in instructing on the law. The DOJ deemed Indiana University professor Bradley Smith’s proposed lecture on campaign finance laws unnecessary and irrelevant. The government also criticized ...

The SEC may have a limited window to appeal the court decision, while Grayscale could move forward with an amended application for its spot Bitcoin exchange-traded fund. from Cointelegraph.com News https://ift.tt/3kbytuM via IFTTT

Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version. from Cointelegraph.com News https://ift.tt/5kOyfna via IFTTT

Switzerland values many of the core properties of Bitcoin and now the two are poised to create the future of financial sovereignty together. bit.ly/3f7o14k http://dlvr.it/SvKqGh

The crypto influencer brand had a reach of more than 3.3 million followers at the time the company announced Ben Armstrong would no longer be affiliated with “BitBoy Crypto." from Cointelegraph.com News https://ift.tt/grsy34S via IFTTT

From the genesis of Bitcoin’s inception to the contemporary landscape, the mystery surrounding the true identity of its architect, Satoshi Nakamoto, persists as an unrivaled enigma within the cryptocurrency realm. Despite the global reverberations stemming from bitcoin ( BTC ) and the revolutionary blockchain technology underpinning it, Nakamoto’s identity, modus operandi, and motivations for upholding an unwavering cloak of secrecy continue to be shrouded in the shadows. The Cryptic Enigma of Satoshi Nakamoto: A Virtuoso of Concealment in the World of Crypto Behind the moniker Satoshi Nakamoto, presumed to be a pseudonymous entity, lies the individual or collective entity credited with unleashing the Bitcoin network upon the world stage. Their hands penned the seminal Bitcoin white paper , forged the initial blueprint for its practical implementation, and orchestrated the debut of the inaugural blockchain ledger in January 2009. In the chronicles of Bitcoin’s evolution, Nakamoto p...

The United States Internal Revenue Service has released proposed regulations on the sale and exchange of digital assets by brokers. from Cointelegraph.com News https://ift.tt/rSXchBw via IFTTT

The committee members suspect the Fed is trying to hold up Congressional efforts to pass stablecoin legislation by restricting banks’ actions. from Cointelegraph.com News https://ift.tt/FGKws5j via IFTTT

Lawyers questioned a judge’s decision to revoke bail on Aug. 11, claiming SBF speaking to a journalist about Caroline Ellison was “protected First Amendment activity.” from Cointelegraph.com News https://ift.tt/HSze1PD via IFTTT

The Securities and Exchange Commission (SEC) has charged Los Angeles-based media company Impact Theory with offering and selling unregistered securities in the form of crypto asset tokens. Notably, this marks the SEC’s first lawsuit targeting an NFT offering. SEC Sues Impact Theory Over $30M in NFT Sales From October 2021 to December 2021, Impact Theory raised nearly $30 million by selling non-fungible tokens (NFTs) called Founder’s Keys without filing a registration statement or qualifying for an exemption, the SEC complaint details. The SEC found that the company violated Sections 5(a) and 5(c) of the Securities Act. The SEC order states that Impact Theory offered and sold NFTs known as Founder’s Keys at three pricing tiers, describing them as an investment opportunity and promising “tremendous value” to purchasers. Impact Theory compared the investment potential to investing early in successful companies like Disney and Youtube, claiming the proceeds would fund business growth ...

Evergrande’s ongoing bankruptcy saga has significant macroeconomic implications — including for the global cryptocurrency market. from Cointelegraph.com News https://ift.tt/OoansN7 via IFTTT

Life in the Socialist Federal Republic of Yugoslavia, which saw war, sanctions and hyperinflation, demonstrated the need for sovereign money. bit.ly/3f7o14k http://dlvr.it/SvH7p5

Fenix International, the parent company of OnlyFans purchased the cryptocurrency between 2021 and 2022. from Cointelegraph.com News https://ift.tt/dGD94zW via IFTTT

In an announcement on Sunday, cryptocurrency mining rig manufacturer Bitmain revealed its intention to sell a machine designed for mining the digital currency monero ( XMR ). The machine boasts a hashrate of 212 kilohash per second (KH/s), and the firm asserts that it is the first “professional XMR miner” available. ‘Hard Fork Go Brrrrrrrr’ — Monero Mining Machine Launch by Bitmain Creates a Stir Bitmain is preparing for the unveiling of its latest XMR mining rig, the Antminer X5. Sales are scheduled to commence on September 4, according to the Sunday announcement . While the machine’s price remains undisclosed for now, the manufacturer has engaged its social media followers by inviting them to speculate on the price of the new X5 rig. Individuals whose price estimates fall within 5% of the actual value will have the chance to receive a $1,000 Bitmain coupon, while those within 10% will be rewarded with a $500 coupon. Although the announcement does not specify the value of the R...

Decentralized social network Friend.tech may be booming right now, but execs say decentralized social media apps still have an onboarding and retention issue to fix. from Cointelegraph.com News https://ift.tt/9xiyDIB via IFTTT

Researchers from Glassnode and Ark Invest have collaborated to develop a new economic model for analyzing Bitcoin’s onchain metrics called “Cointime Economics.” The framework offers an alternative way to measure the economic activity and value of bitcoin based on “coinblocks” rather than the standard accounting method of unspent transaction outputs, or UTXOs. Cointime Economics: A Unique Framework for Analyzing Bitcoin The Cointime Economics white paper explains that coinblocks are the product of the number of bitcoin, or BTC , multiplied by the number of blocks they are held without moving. For instance, ten bitcoins held for ten blocks would equal 100 coinblocks. This method aims to capture the real economic weight and importance of each bitcoin based on the time it remains dormant. The longer a bitcoin is unmoved, the higher its cointime and implied economic significance. Cointime Economics introduces metrics such as coinblocks created, destroyed, and stored to describe Bitcoi...

DeFi protocol Balancer was exploited just a few days after disclosing a vulnerability affecting its boosted pools. from Cointelegraph.com News https://ift.tt/2BGojpV via IFTTT

A new report unveils a surge in gold acquisitions by Eastern nations, challenging the West’s long-standing dominance in gold pricing and altering the power equation in the global arena. Research Highlights East’s Rise as Challenger to West’s Gold Pricing Tradition In a comprehensive exposé on Seeking Alpha, Gainesville Coins’ gold analyst Jan Nieuwenhuijs emphasizes the waning control of the West over the global gold market, attributed to the East’s robust acquisitions. “The global gold landscape has witnessed a pivotal shift. During the latter part of 2022 and early 2023, the East has been pushing gold prices upwards, effectively shattering the West’s historical pricing stronghold,” the author asserts. Nieuwenhuijs sheds light on a nearly 90-year trend up to 2022 where gold movement between the West and East mirrored price oscillations. The analyst stressed that the West, being the price-setter, would buy from the East when prices surged and, conversely, would offload gold to t...

Bitcoin price holding $26,000 could open up some bullish trading opportunities in TON, XMR, MNT and QNT. from Cointelegraph.com News https://ift.tt/ZONJpnC via IFTTT

Oliver Anthony’s viral hit “Rich Men North of Richmond” has resonated with Bitcoiners, but is it really a “Bitcoin” song? bit.ly/3f7o14k http://dlvr.it/SvDXTP

Rich Dad Poor Dad author Robert Kiyosaki has outlined the reasons why investors should consider purchasing silver. He emphasized that despite the affordability of silver coins, most people still prefer to “save counterfeit fake dollars.” Robert Kiyosaki Highlights Reasons to Buy Silver The author of Rich Dad Poor Dad, Robert Kiyosaki, has returned to outline the reasons why he believes investors should buy silver. 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. Reiterating that silver is the “best investment bargain,” he wrote on the X social media platform on Thursday: Silver still 50% below all-time high, in demand by greenies solar EVs. Silver 2nd most used commodity after oil. Silver has been money for centuries. Who can’t afford 1 silver coin, yet most people prefer to s...

One of the founders of the Tornado Cash crypto mixer, Roman Storm, has been released on bail, his lawyer announced on social media. Storm, who was arrested in the United States, has been charged with money laundering and sanctions violations through the unlicensed platform. Storm Out on Bail After Indictment for His Role in Running Tornado Cash Roman Storm, a co-founder of the cryptocurrency mixing service Tornado Cash , has been released on bail, his lawyer Brian Klein revealed Thursday in a post on X, formerly Twitter. The news came a day after Storm and another co-founder, Roman Semenov, were indicted on charges of conspiracy to launder money and violate sanctions laws while operating an unlicensed money-transmitting business. Pleased to share that my client Roman Storm is already out on bail, although I remain very disappointed that the prosecutors charged him because he helped develop software – their novel legal theory has dangerous implications for all software developers....

Sam Bankman-Fried faces challenges in jail, Tornado Cash’s developer is arrested, and a Bitcoin whale holding $3 billion is identified. from Cointelegraph.com News https://ift.tt/UB1NOa2 via IFTTT

JPMorgan's analysts consider Bitcoin's declining open interest to be a sign that the current price trend may be weakening. from Cointelegraph.com News https://ift.tt/gV4oEK3 via IFTTT

In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands. Furthermore, these mining operations have reportedly been defaulting on their debts. Laos’ Crypto Mining Grinds to a Halt Amid Energy Crisis Situated in Southeast Asia, Laos, surrounded by nations like Myanmar, China, Vietnam, Cambodia, and Thailand, has reportedly halted its crypto mining. Interestingly, Laos relies on hydropower for a significant 95% of the country’s electricity generation. Over the first half of 2023, EDL’s hydropower stations have been overwhelmed with electricity consumption. The scorching heat is a major factor driving this soaring demand. But that’s not all; the Laos government states that regional mining activities haven’t cleared their dues. Notably, Laos has been increasingly open to cryptocurrency operations since 2021. A...

In the unfolding saga of the Celsius bankruptcy case, a proposal was presented to elevate the defunct crypto enterprise’s native token, CEL, to a valuation of $0.80 each. Yet, the overseeing U.S. bankruptcy judge, Martin Glenn, dismissed this proposal. Consequently, Celsius’s creditors are rallying to set the token’s worth at a more modest $0.25 apiece. Judge Denies Several Motions in Celsius Bankruptcy Case During the Celsius legal proceedings, creditors pushed for CEL’s valuation to reflect its pre-bankruptcy rate of $0.80. They contended that CEL’s worth had been artificially tampered with. Despite their fervent arguments, judge Glenn was unconvinced and shot down the motion, among several others. The next chapter in this drama? Creditors are now preparing to vote on a revised valuation of $0.25 for each CEL. Whether judge Glenn gives this the nod remains a gripping question. As of today, CEL’s market performance stands at a modest $0.118 per token, experiencing a dip of over ...

Gatekeepers broke monetization online for content creators. Luckily, Bitcoin offers a solution that benefits creators and their audiences alike. bit.ly/3f7o14k http://dlvr.it/SvBkT9

This week's Crypto Biz explores the latest on Binance's global on-ramps and off-ramps, Coinbase-Circle re-alignment, Shopify's take on USDC and China's blockchain data exchange. from Cointelegraph.com News https://ift.tt/CxpbYZ4 via IFTTT

The individual, whose Worldcoin employment could not be independently verified, claimed they witnessed “sloppy and/or illegal things” while working there prior to the token launch. from Cointelegraph.com News https://ift.tt/UqRwo7Q via IFTTT

Robinhood’s Bitcoin holdings could reshape the crypto landscape by supercharging the influence of retail investors and possibly creating new market risks. from Cointelegraph.com News https://ift.tt/UkpT3ro via IFTTT

Following the initial Republican debate and an exclusive interview between Donald Trump and Tucker Carlson on the social media platform X, wagers on the decentralized prediction marketplace Polymarket suggest Trump is leading, with presidential hopeful Vivek Ramaswamy trailing the former president. Trump Leads in Both Decentralized, Traditional Prediction Markets Fox hosted the first Republican debate on Wednesday night, setting the stage for the 2024 U.S. general election. Concurrently, ex-president Donald Trump shared insights with Tucker Carlson in a broadcast that coincided with the debate. Trump confidently conveyed to Carlson his belief that he was miles ahead, rendering it unnecessary for him to spar with the other eight Republicans on stage. The debate spotlighted figures like Florida’s governor Ron DeSantis, entrepreneur Vivek Ramaswamy, former VP Mike Pence, North Dakota’s governor Doug Burgum, former U.N. ambassador Nikki Haley, ex-governors of New Jersey and Arkansas ...

Top-100 DeFi tokens had another mixed week, with most of the tokens trading in a similar range as last week with minor price fluctuation. from Cointelegraph.com News https://ift.tt/XhBsZ7m via IFTTT

The crypto exchange removed its “yellow” and “green” codewords from its list of payment methods, which previously referred to sanctioned Russian banks. from Cointelegraph.com News https://ift.tt/HMCVTEO via IFTTT

The chairman of the U.S. Federal Reserve, Jerome Powell, warned on Friday that inflation remains too high and signaled the central bank may continue raising interest rates to get it under control. In remarks at the Jackson Hole symposium, Powell acknowledged recent progress in lowering inflation but said there’s “substantial further ground to cover” before returning to the Fed’s 2% target. Powell Signals Further Rate Hikes Amid Lingering Inflation Concerns; Pledges ‘We Will Keep at It Until the Job Is Done’ While headline inflation has fallen from its peak of 7% in June 2022, Powell focused his remarks on core inflation, which excludes volatile food and energy prices. Core inflation remains elevated at 4.3% and Powell said “sustained progress is needed” through “restrictive monetary policy” to bring it down further. Powell pointed to declining goods prices and a cooling housing sector as evidence that rate hikes are working to curb demand. But he also cited high service prices and ...

As the State fights financial privacy in earnest, Bitcoin must become a functional medium of exchange or risk cyber isolation. bit.ly/3f7o14k http://dlvr.it/Sv8GDP

Prime Core Technologies said that “under prior management” it had lost $6 million in user funds and $2 million in treasury funds through investments in the algorithmic stablecoin. from Cointelegraph.com News https://ift.tt/kGVT5E6 via IFTTT

The founders of the cryptocurrency mixing service Tornado Cash were charged Thursday with allegedly helping to launder more than $1 billion in digital currency, including funds taken by North Korean hackers. Department of Justice: ‘You Can’t Hide From Us Behind a Keyboard — Whether You’re a Hacker or Facilitator’ Roman Storm and Roman Semenov were indicted federally on charges of conspiracy to launder money, conspiracy to violate sanctions laws, and operation of an unlicensed money-transmitting business. Storm was arrested in Washington, and Semenov remains at large. Prosecutors allege that Storm and Semenov intentionally designed Tornado Cash to let cyber criminals anonymize transfers of funds on the blockchain. The system was used to launder more than $1 billion in digital currency, violating U.S. sanctions, the indictment says. Earlier this spring, Tornado Cash is believed to have aided in laundering part of the $600 million stolen by hackers sponsored by North Korea in a Mar...

Bitcoin price is down today as the crypto market searches for reasons for a relief rally. from Cointelegraph.com News https://ift.tt/hviAXR2 via IFTTT