MLM Network Zone

10 years since his arrest, Ross Ulbricht may be behind bars, but his story continues to shape the Bitcoin and internet freedom movements. bit.ly/3f7o14k http://dlvr.it/SwpgFf

Explore the world of Central Bank Digital Currencies (CBDCs) and delve into the backstage of Bitcoin with Cynthia Lummis. bit.ly/3f7o14k http://dlvr.it/Swp761

Casey Rodarmor, the creator of Ordinals, recently released a proposal for the Runes protocol. Will this actually lead to sustainable protocol development, or will the frogs make a mess again? bit.ly/3f7o14k http://dlvr.it/Swp6rK

Pond0x reported that its DEX reached $100 million in cumulative volume, citing a Dune dashboard as evidence. from Cointelegraph.com News https://ift.tt/RZQCW5O via IFTTT

Su Zhu, a founding member of the now-insolvent Three Arrows Capital, was apprehended in Singapore at Changi Airport on Friday, as per the firm’s liquidator, Teneo. Zhu received a four-month prison sentence for failing to cooperate in the bankruptcy proceedings, Teneo revealed. Crackdown at Changi Airport: 3AC’s Su Zhu Detained, Associate Kyle Davies Fugitive Teneo, overseeing the liquidation of Three Arrows Capital, reported that co-founder Su Zhu was seized and sentenced to four months’ incarceration. His associate, Kyle Davies, remains at large; however, Teneo confirmed he was given an identical penalty. Zhu allegedly tried to flee Singapore when he was intercepted at Changi Airport, situated approximately 25 miles east of Singapore’s Downtown Core. The Singapore court decreed that Zhu and Davies had not been collaborating with the liquidation procedure – an issue previously reported by the media months prior to his apprehension. The defunct Singapore-based cryptocurrency hedge

As the country is considered for EU membership, the digital lari is seen as providing interoperability with a digital euro while preserving monetary freedom. from Cointelegraph.com News https://ift.tt/yjnODaJ via IFTTT

Three fund managers have advanced to the final stage in competing for $1 million in seed funding for their fund to generate alpha in the bitcoin market. bit.ly/3f7o14k http://dlvr.it/SwlgdP

Meta Platforms, the parent company of Facebook and Instagram, launched its own chatbot based on artificial intelligence (AI) technology. Meta AI provides an alternative to products like Openai’s Chatgpt and is setting out to offer interaction tailored to attend to different interests and solve specific tasks. Zuckerberg Unveils Meta AI Chatbot, AI Personas at Meta Connect Event Meta CEO Mark Zuckerberg announced the launch of the U.S. tech giant’s new AI-powered assistant in a keynote speech at the Meta Connect developers conference on Wednesday. The chatbot will compete against the already established player in the space, Chatgpt, and other offerings like Google’s upcoming Gemini. It became clear from Zuckerberg’s presentation that Meta’s approach to the development of AI differs from the rest of the industry in that the company does not believe in a “singular superintelligence” for everyone. In its view, most people would rather have a number of AIs for different purposes or eve

Some analysts have speculated the SEC will announce decisions or delays on crypto exchange-traded funds before Sept. 30 in anticipation of a U.S. government shutdown. from Cointelegraph.com News https://ift.tt/Shb1oRa via IFTTT

Following the letter of intent to acquire Fortress Trust, Ripple CEO Brad Garlinghouse announced the company has decided “not to move forward with an outright acquisition.” Garlinghouse didn’t cite specific reasons for dropping the deal but said Ripple planned to remain an investor in Fortress. Garlinghouse Announces Ripple’s Withdrawal From Fortress Trust Deal On Thursday, Ripple’s CEO confirmed the company has shelved its plans to purchase crypto custodian firm Fortress Trust. The Nevada-licensed financial services provider, founded by Scott Purcell, former CEO of the now-defunct crypto custodian Prime Trust , caught Ripple’s interest in early September 2023. At the time, Garlinghouse expressed Ripple was “excited to bring on this team and its technology to accelerate our business.” Garlinghouse has since addressed the public on social media platform X, explaining the deal isn’t proceeding. “A few weeks ago, we signed a letter of intent to acquire Fortress Trust – we’ve since ma

DAOs should learn from Burning Man’s example in simplifying their missions and governance structures and keeping community members engaged. from Cointelegraph.com News https://ift.tt/W7rX3wL via IFTTT

In a recent interview, the European Bank for Reconstruction and Development’s (EBRD) chief economist, Beata Javorcik, highlighted a notable trend: Russia’s growing inclination to transact in the Chinese yuan. This shift, the economist emphasized, could challenge the dominance of the U.S. dollar. “[The] increase in the usage of the Chinese currency is coming at the expense of the U.S. dollar,” Javorcik remarked on Wednesday. EBRD Report, Chief Economist Beata Javorcik Emphasizes Russia’s Shift to Chinese Yuan Beata Javorcik, the European Bank for Reconstruction and Development’s (EBRD) lead economist, touched on Russia’s increasing preference for the Chinese yuan in trade dealings. Her observations coincide with a period where the U.S. dollar’s stake in global reserves has slipped below 60% . Concurrently, Russia and numerous BRICS countries are veering away from leveraging the greenback in trade. “You see that this increase in the usage of the Chinese currency is coming at the exp

AlphaSense’s client list now includes most of the S&P 500 and nearly every firm listed in the Dow 50. from Cointelegraph.com News https://ift.tt/o3F2Kgs via IFTTT

The new grants focus on furthering worldwide Bitcoin education, Core development, DLCs, ecash, and financial aid for developers from repressive regimes. bit.ly/3f7o14k http://dlvr.it/Swj3Cg

The S&P 500 dropped to a 110-day low as the market digests what “higher for longer” means for stocks. Will Bitcoin begin to chart its own path? from Cointelegraph.com News https://ift.tt/ADx1w94 via IFTTT

Ordinal inscriptions have quickly consumed Bitcoin’s available block space since their debut last year, a study by blockchain analytics firm Glassnode found. These text and image files act as “packing filler,” filling any remaining space in blocks after higher-value transactions are added, the study showed. Bitcoin’s Block Space: Monetary Transfers Overpower Inscriptions Though there’s been a surge in Ordinal inscriptions in 2023, a Glassnode study found that financial transactions remain the priority on Bitcoin’s blockchain. Glassnode researchers emphasized that “there’s little evidence inscriptions are pushing out monetary transfers.” “Inscriptions appear to be buying and consuming the cheapest available blockspace, and are readily displaced by more urgent monetary transfers,” the report states. Despite the increase, inscriptions account for about 20% or less of transaction fees paid to miners. The technology lets users add content to the Bitcoin blockchain using the Segwit d

The coalition includes Google sibling company SandboxAQ and the University of Waterloo. from Cointelegraph.com News https://ift.tt/sn73VcB via IFTTT

The institutional Bitcoin asset management sector could swell to a $650 billion industry within the next five years, a new Alliance Bernstein report finds. bit.ly/3f7o14k http://dlvr.it/SwfbFF

The Japanese bank joins a rapidly growing number of digital asset firms operating in Abu Dhabi and the rest of the United Arab Emirates. from Cointelegraph.com News https://ift.tt/0ifExz9 via IFTTT

The members of the House Financial Services Committee are expected to question Gary Gensler during a Sept. 27 hearing on SEC oversight. from Cointelegraph.com News https://ift.tt/YWtK9Vb via IFTTT

Moneygram, a leading money transfer company, announced plans to launch its own non-custodial digital wallet in partnership with the Stellar Development Foundation. The wallet will enable users to convert between fiat and digital currencies when sending cross-border payments. Moneygram Partners With Stellar to Launch Non-Custodial Digital Wallet Set to launch in the first quarter of 2024, the new digital wallet will allow Moneygram customers to cash out their digital assets at any participating Moneygram location worldwide. Additionally, the wallet will let users send digital assets to other wallet users. However, privacy advocates might take issue with the fact that Moneygram will apply its compliance screening to all wallet users. “Our vision to connect the world’s communities by empowering our customers through innovative financial solutions takes another step forward today,” said Alex Holmes, CEO of Moneygram. Holmes added, “The Moneygram non-custodial digital wallet advances t

Central bank digital currencies (CBDCs) could confer economic benefits if governments don't use them to cannibalize the commercial banking industry. from Cointelegraph.com News https://ift.tt/mabW6T9 via IFTTT

The EURC stablecoin (formerly EUROC) is now available on Stellar in addition to Ethereum and Avalanche. from Cointelegraph.com News https://ift.tt/KBMHxw1 via IFTTT

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned an Ethereum wallet used by the Sinaloa Cartel to launder money from fentanyl sales in the U.S. Mario Alberto Jimenez Castro, an accused money launderer for the cartel’s Los Chapitos faction, allegedly directed the use of cryptocurrency and wire transfers to pay cartel leaders in Mexico, according to OFAC. U.S. Treasury Targets Sinaloa Cartel Member’s Ether Wallet in Crackdown on Fentanyl Distribution OFAC said Tuesday it sanctioned ten individuals, including several Sinaloa Cartel affiliates and fugitives, for contributing to the international proliferation of illicit drugs. In addition to sanctioning people, OFAC designated the Ethereum wallet with the address “ 0x9c2 ” used by Jimenez Castro. “Jimenez Castro has directed U.S.-based couriers to pick up cash in the United States and deposit it into various virtual currency wallets for payment directly to the Chapitos and for reinvestment in fentanyl

With an OP code arguably simpler than CTV, Actuaries could trustlessly solve the problem of everyone needing to be online to update a channel factory. bit.ly/3f7o14k http://dlvr.it/SwcC6t

As Bitcoin builds support in a range and looks to break out on bullish fundamentals, the recent dollar rally might derail the momentum. That, as well as an FOMC preview and long term forecast. bit.ly/3f7o14k http://dlvr.it/SwcC2x

Cryptographer and entrepreneur Adam Back has issued new comments suggesting he sees a future where Bitcoin replaces gold in financial markets. bit.ly/3f7o14k http://dlvr.it/SwcBwj

San Francisco-based law firm Fenwick & West LLP is denying allegations from FTX founder Sam Bankman-Fried that the firm provided legal advice enabling the alleged fraud that led to the cryptocurrency exchange’s collapse. In a recent court filing, Fenwick & West asserts the allegations are “fatally deficient” and should be dismissed with prejudice. Law Firm Challenges FTX Founder’s Claims In a motion to dismiss filed Wednesday in Florida federal court, Fenwick & West argues the complaint fails to state viable claims for conspiracy, aiding and abetting fraud, negligence, or racketeering. The firm asserts the allegations improperly seek to hold it liable based on providing routine legal services to FTX within the scope of representation. Fenwick & West claims the complaint does not show it acted outside its role as legal counsel, an essential element for the asserted causes of action against a law firm. “A lawyer’s representation of a client and knowledge of their emp

Bills focused on crypto regulation, market structure, and stablecoins could all be put on hold if U.S. lawmakers don't reach a decision on government spending by Sept. 30. from Cointelegraph.com News https://ift.tt/ABvsVmW via IFTTT

In just five days, liquid staking platforms saw a surge of 370,000 ether in their ethereum holdings, breaching the 12 million ETH mark—rising from 11.94 million to a notable 12.31 million. Interestingly, Binance’s liquid staking token, WBETH, was the powerhouse behind this growth, accounting for over 86% of this week’s increase, swelling by 318,605 ether in the five-day span. Liquid Staking Platforms Leap Over 12 Million Ether As of September 25, 2023, data from defillama.com reveals that Ethereum ( ETH ) holdings in liquid staking derivative protocols have soared past the 12 million mark, reaching an impressive 12.31 million. Rewinding to September 20, historical records indicate that 11.94 million ether was anchored across nearly two dozen of these protocols. Among the 23 contenders, Lido dominates with a staggering 70.90% of the total value locked (TVL). On that same day, September 20, Lido had approximately 8.7 million ether secured in its decentralized finance platform. Fast

The Isle of Man and Florida-based computing startup Lonestar are partnering with NASA to pioneer a blockchain-verified, data storage solution on the Moon. from Cointelegraph.com News https://ift.tt/KZGw7p6 via IFTTT

While Thai regulators aim to tax crypto earned overseas, Brazilian lawmakers seek to protect it from seizure. from Cointelegraph.com News https://ift.tt/SJnLMqg via IFTTT

Christyan Malek, the lead for EMEA energy equity research at JPMorgan, predicts that by 2026, crude oil prices could soar to $150 a barrel. Malek believes a looming energy supercycle could be the driving force pushing crude prices upward. Another significant factor, Malek points out, is the “institutional and policy-led pressures” hastening the shift from hydrocarbons. JPMorgan’s EMEA Energy Equity Strategist Flags ‘Supercycle’ After the Organization of the Petroleum Exporting Countries’ (OPEC) decision to cut oil production, Brent and WTI crude prices have surged past the $90 per barrel mark. The year 2023 has been eventful with the unmistakable stamp of de-dollarization, the conflict between Ukraine and Russia, and energy collaborations among BRICS countries. Just a week ago, Russia’s Tass News unveiled a significant shift: Gazprom Neft, a top Russian oil distributor, has moved entirely away from using U.S. dollars and euros. Speaking with Bloomberg in a recent broadcast , J

MicroStrategy has added 5,445 more BTC to its corporate treasury, bringing its total corporate treasury holdings to above 158,000. bit.ly/3f7o14k http://dlvr.it/SwZTbJ

The newly created fake APT token called “ClaimAPTGift.com” made its way to 400,000 Aptos wallets, and users found they were able to deposit and sell it on the exchange. from Cointelegraph.com News https://ift.tt/EJ0Q6Hd via IFTTT

Venezuelan authorities found weapons of war, a discotheque, pools, a zoo, and even a makeshift Bitcoin mining farm in a raid completed on a national jail. The raid, executed in the Tocoron National Penitentiary Center, located in the Aragua state, mobilized 11,000 military officers to take control of the center. Bitcoin Miners, Grenades, and Weapons Found in Venezuelan Jail Raid Venezuelan authorities found Bitcoin miners among a series of irregular items during a raid executed on a national jail on September 21. 11,000 military and police officers participated in this action to liberate the Tocoron National Penitentiary in the Aragua state from the control of Aragua’s Train, the gang that managed the complex. In a video detailing the aftermath of the raid, where an officer died in the line of duty, an undisclosed number of Bitcoin miners can be seen in a room that served as a mining farm. During the raid, the authorities found weapons of war, including rocket launchers, grenades,

Nine months after launching, the Street Cy₿er artist collective has over 100 street artists, musicians and Bitcoin enthusiasts involved. from Cointelegraph.com News https://ift.tt/vEy08pw via IFTTT

Following a decisive vote by the Terra Classic community, an initiative to halt the creation of the previously termed stablecoin, terra usd (commonly referred to as UST or USTC), has been approved. Despite 40.56% opposition, 59.42% of the vote gave the nod for the software update. Minting Freeze for USTC Approved USTC , which sits at the 200th spot among 10,000+ crypto assets in the crypto economy, has seen its value jump by 4% in just the last day. As of 1:00 p.m. Eastern Time on September 24, 2023, a single USTC is fetching $0.0127. Flashback to before the Terra ecosystem’s downturn in May 2022: this stablecoin held firm at a solid $1 per unit, maintaining its peg to the USD for a long duration. On May 9, 2022 , USTC drifted away from its peg to the U.S. dollar and the peg never returned. While the Terra blockchain ecosystem shuddered, a community of users and developers continued to persevere. The Terra blockchain is known for facilitating trades between the once-stable coin an

Blockchain projects should learn from Google and Facebook by monetizing their users without directly asking for their money. from Cointelegraph.com News https://ift.tt/R7p0eyd via IFTTT

Fresh data indicates a continuing decline in non-fungible token sales, dipping 3.2% in the last week and plummeting 34% over the past month. As September nears its end with six days remaining, NFT sales have tallied up to $341.37 million since August 24. NFT Sales Still Can’t Escape Crypto Winter’s Wrath This September, over the last seven days, NFT sales touched $78.88 million, marking a 3.2% dip from the preceding week, according to cryptoslam.io stats . 2023 has seen a consistent slump in digital collectible sales, and September is no exception. The monthly tally stands at $341.37 million, a sharp 34.08% decline from the previous month. Ethereum continues its dominance in NFT sales, raking in $177,743,112 over the last month. However, it’s worth noting that ETH-centric NFT sales have dropped by 41.84% since the month prior. Trailing Ethereum is the Mythos blockchain, registering $31.89 million in sales — a notable 24.86% surge from the month before. Following Mythos are Polyg

Guatemala's Supreme Election Tribunal is using bitcoin timestamping to detect fraud attempts in the country's presidential elections. bit.ly/3f7o14k http://dlvr.it/SwX7pd

Rich Dad Poor Dad author Robert Kiyosaki has advised investors to buy bitcoin today before stock, bond, and real estate markets crash and people rush to buy BTC alongside gold and silver. The famous author has predicted that bitcoin’s price will reach $500,000 by 2025, with gold soaring to $5,000, and silver reaching $500. However, he anticipates BTC reaching $1 million in the event of a global economic collapse. Robert Kiyosaki Recommends Buying Bitcoin Today The famous author of Rich Dad Poor Dad, Robert Kiyosaki, has urged all investors to buy gold, silver, and bitcoin today before the stock, bond, and real estate markets crash and people rush to buy those three assets. 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 shared on social media platform X on Tuesday th

The Anti-Money Laundering registration will allow cryptocurrency exchange Coinbase to offer its services to both retail and institutional investors within Spain. from Cointelegraph.com News https://ift.tt/QRHZiD0 via IFTTT

Skybridge Capital founder Anthony Scaramucci has explained why he is still bullish on bitcoin. Emphasizing that every Wall Street firm is going to have a bitcoin exchange-traded fund (ETF) in their arsenal that they will sell to their clients, he predicted: “The next 10 to 20 years are remarkably bullish.” He added: “If you got your bitcoin, I wouldn’t sell your bitcoin, you made it through winter.” Scaramucci Remains Bullish on Bitcoin Skybridge Capital founder Anthony Scaramucci explained why he remains optimistic about the future of bitcoin during a fireside chat, titled “Why I’m still bullish,” at the Messari Mainnet conference in New York on Thursday. Nothing that he believes the worst of the bitcoin bear market is over, he advised: If you got your bitcoin, I wouldn’t sell your bitcoin, you made it through winter … The next 10 to 20 years are remarkably bullish. He believes that young people “will be mainstreaming bitcoin” in the same way his generation “mainstreamed the i

In the lawsuit pitched by the U.S. Securities and Exchange Commission (SEC) against Tron’s brainchild, Justin Sun, and his enterprise Rainberry, a judicial nod has been granted for an extended timeline for the defense. Sun now has until December 8, 2023, giving his attorneys a broader window to “explore possible resolution of the SEC’s claims against defendants before motion practice.” Sun’s Legal Horizon Extended: Judge Gives Breathing Room in SEC’s Tron-Related Suit In March 2023, a legal storm brewed for Justin Sun, the Tron Foundation, the Bittorrent Foundation, and the entity known as Rainberry. They found themselves on the receiving end of a lawsuit from the U.S. securities watchdog. The core allegation? The quartet of entities allegedly dangled TRX and BTT before investors as unregistered securities, crossing the line of U.S. securities regulations. Further, the SEC cast Sun in a shadowy light, accusing him of masterminding a vast plot to manipulate TRX ’s market value. As

Binance.US scores temporary win against the SEC, Mt. Gox repayments delayed to 2024, and Tether’s $1B liquidity to Tron network. from Cointelegraph.com News https://ift.tt/sgFHLNC via IFTTT

Prominent distressed-debt moguls are diving into the FTX bankruptcy claims arena, seizing debts at bargain prices with aspirations of lofty profits. This year, Silver Point Capital, Diameter Capital Partners, and Attestor Capital have acquired over $250 million in FTX claims, court records reveal. Report Says $250 Million in FTX Claims Acquired by Investment Heavyweights FTX debt’s market has been supercharged as attorneys unearth assets. Some of these claims are now trading north of 30 cents on the dollar, noted Bloomberg’s Jeremy Hill this Thursday. The untapped market for bankruptcy claims lets investors snag unpaid claims at slashed prices. Bankrupt entities like FTX often see their claims bought for mere cents on the dollar. Based on insights from Claims Market, FTX claims hovered around 33% of net worth as of September 15, 2023. This is slightly below the claims linked to the bankruptcy of crypto lender Celsius Networks, which have traded at about 34 cents on the dollar. Me

Every Bitcoin user has very different reasons for using Bitcoin in the first place. That is something that everyone should consider when trying to orange pill new users. bit.ly/3f7o14k http://dlvr.it/SwVVyf

This week’s Crypto Biz explores SVB Capital bids, new funds from Blockchain Capital, the Hut 8-US Bitcoin merger and Citigroup’s private blockchain. from Cointelegraph.com News https://ift.tt/zP7ifdO via IFTTT

To expand its derivatives business overseas, Coinbase attempted to acquire FTX Europe twice since it filed for bankruptcy in November 2022. from Cointelegraph.com News https://ift.tt/7u2Ynb9 via IFTTT

According to Peak Mining, a subsidiary of Northern Data Group, the company has signed a contract with bitcoin mining rig manufacturer Microbt worth $150 million. This agreement will equip Peak Mining with 7 exahash per second (EH/s) of the latest next-generation BTC mining devices. Microbt and Northern Data’s Peak Mining Strike $150M Deal, Focus on Liquid-Cooling Advancement On Friday, Peak Mining , a firm under the Northern Data Group umbrella, announced its purchase of $150 million in Microbt Whatsminer machines. The acquisition includes the Whatsminer M53S+, M53S++, M50S+ and M50S++ models. The company noted the possibility of buying an additional $150 million in hardware down the road. Through this purchase, Peak indicated it will be among the pioneers to introduce “liquid-cooling mining technology at this scale.” The first shipment of these liquid-cooled Microbt miners is expected in October 2023, with installation set for North Dakota. “The new contract will significantly

The former FTX.US president founded the company in January to serve institutional investors in crypto and traditional derivatives. from Cointelegraph.com News https://ift.tt/WQvfVFO via IFTTT

Tether, the company behind the issuance of USDT , the largest stablecoin in the crypto market, has called out the latest report of the Wall Street Journal (WSJ) on the rise of its loan portfolio. The company stated that traditional banking institutions were “not addressing the needs of their customers” while facing “significant challenges,” with the WSJ not reporting on this issue. Tether Blasts WSJ Article, Calls It ‘Tabloid Reporting’ Tether, the stablecoin company, has called out a recent Wall Street Journal (WSJ) article as “tabloid-style reporting” directed to “tarnish” the reputation of innovative companies. The article , which points out the rise in Tether loans in the latest financial quarter update, was heavily criticized by the company, which stated that the news outlet had ignored reporting on the problems the traditional banking industry is facing. In a statement, Tether declared: The banking industry is facing significant challenges and has proven incapable of keep