|
I think you're complicating things. You look at the market solely from the position of the past tense, that is, in fact. You see all those price fluctuations that have already occurred and on this you try to build your strategy, looking for entry opportunities. But the fact is that no one will give you the right answer. Take a look at the broader chart, a few months ago, Bitcoin was trading below $ 10,000, it was probably a good entry point, and even earlier it was trading even lower. Think about it.
|
|
|
|
I dont know if the part was missing in the information or there was nothing at all on refunding the contributors to the ICO. Sometimes I think SEC are too selfish with the purchase of scam, they just slap the scammers with settle fund and forget those that were defrauded.
One way or another, they operate within the framework of the law. Probably it would look right if the fines were higher, and the scammers were forced to pay damages. I suppose there were such cases too. However, the current fines surprise me. As a rule, they do not exceed 5% of the total amount of collected money. |
|
|
|
|
I would like to look at the statistics of how many people have already fallen for this next trick. The site has a counter that simulates the permanent movement of funds, supposedly transactions take place every few minutes. They always do this to deceive and lull the vigilance. I wonder how much they did it this time. With every shit like that, fewer and fewer people have to fall into these idiotic traps.
|
|
|
|
I thought that Libra won't pursue it anymore. But here they go, hiring some professionals that were from the banking industry.
Any source where we can read about their hearings?
Why kill the goose that lays the golden egg? Libra has every chance of being realized in a regulated field, the only question is how they will succeed. They probably want to do this through the banking sector. It is interesting that Libra has no competitors yet, because Pavel Durov's TON, in fact, was killed by American regulators. I see the reaction of other countries as the competitor of Libra and that's the CBDC. Needless to say, this is Facebook and it's wider than we can ever think of. They can succeed but there are too many barriers that are stopping them which are questioning them. I'm not a supporter of this project but something like this who's already in the mainstream can easily manage their pavement to success. Libra's advantage lies in the fact that the project has been developed for a long time, while there is a constant dialogue with the regulators. Other projects have yet to go this way, while Libra already at this stage has enough to proliferate her interests in Congress and the Senate. |
|
|
|
The lesson here is to not be overconfident on the project you are investing, just because you saw the word DeFi staking and loan, there's a lot on it than what you think these DeFi's are running on a smart contract that triggers an action every time it met a certain condition, it's not a remote possibility that there is a trigger there than transfer all the funds to other wallets, I've seen this happen in so many Ponzi schemes on Tron where a back door was created to transfer all funds, so only invest on a smart contract that is certified and audited for your protection.
A similar attitude should be taken with any investment project. A similar situation was at the time when the ICO appeared, and we saw a sea of scammers who stole a huge amount of money. Then the IEO came, and history repeated itself. Now DEFI has come and history repeats itself again. |
|
|
|
This artist is tokenizing his body, selling tattoo 'lots' for stablecoins"Let me be your canvas" South Carolina-based artist @shitcoinhodler, who goes by the name "Bishop," is tokenizing himself by selling different parts of his body for what he is calling people's "tattooing pleasure." Bishop marks off locations on his body and tokenizes them like real estate lots. The rules are pretty simple: customers must buy the lot they are interested in and pay for construction, which means they can decide on the tattoo design and also must pay for Bishop to get it done. Customers can make payments in DAI, USDT, sUSD or USDc, and the tattoos will be created at Blu Gorilla Tattoo in Charleston, South Carolina. Customers must pay for the tattoo in advance. So far, Bishop has sold a few lots, mostly to artists from the non-fungible tokens (NFT) art community. His most expensive sale so far? A tattoo on his chest for 2 ETH (around $768). Bishop said he plans to section off his back and front torso for minting soon, as well as his neck-to-waist. Bishop plans to go out-of-state to get some of these tattoos because it is illegal to get neck, head and face tattoos in South Carolina. https://www.theblockcrypto.com/post/78148/artist-tokenize-tattoos
|
|
|
|
Industry investment firm Blockchain Capital joins the Libra AssociationBlockchain Capital has joined the Libra Association as its twenty-seventh member. Announcing the news on Friday, the association said Blockchain Capital would assist with building a blockchain-based payment system to support financial services innovation. The newest addition comes three months after the Facebook-led project added Singapore investment giant Temasek and venture firms Paradigm and Slow Ventures as its members. Notably, Tagomi is no longer listed as an independent member of the association as the company was recently acquired by Coinbase, which itself is a member. Libra has been gearing up to launch its stablecoins following the release of an updated white paper and applying for the payment license from Switzerland's Financial Market Supervisory Authority (FINMA). On Thursday, the association also announced the hiring of former HSBC European CEO James Emmett as the managing director of Libra Networks — the association's operating company subsidiary. https://www.theblockcrypto.com/linked/78137/blockchain-capital-libra-association
|
|
|
|
Bitfinex and Tether must turn over documents detailing their financial relationship and history to the New York Attorney General’s office (NYAG), a New York Supreme Court justice ruled again on Thursday. Judge Joel M. Cohen, the judge who has been overseeing the NYAG’s inquiry into Bitfinex and Tether, made the ruling after a charged, hour-long hearing on Thursday. Counsel for the crypto companies argued the document production order is too broad while the NYAG’s office argued the order is reasonable, saying Bitfinex has not submitted anywhere near the sufficient documents despite the amount of time that has elapsed since the case began. Cohen didn’t set a firm deadline for when Bitfinex and Tether would have to produce these documents, leaving that decision to a special referee, but said a deadline would need to be set. As part of his order, he extended an injunction that would have ended in the next few weeks barring Tether from loaning funds to Bitfinex by 90 days. https://www.coindesk.com/bitfinex-tether-nyag-hearing |
|
|
|
Wait, does this mean if i lived there, i could use this as my main bank account and i could get my salary paid in there and pay my bill from there as well? I wouldn't need to debank, i could just choose crypto native bank.
What products and services will you offer? Our offerings will evolve over time, but we plan to provide clients with everything they expect from a seamless banking gateway between digital assets and national currencies. During its first year of operations, the SPDI plans to give clients the ability to deposit USD and custody digital assets at a regulated state-chartered bank. These banking services will be seamlessly integrated into the existing exchange services, providing clients better funding infrastructure, a better experience and enhanced regulatory clarity. Additionally, because of our position as a bridge between crypto and traditional finance, we will offer the following crypto-focused services in our first year of operations: Digital asset custody Demand/deposit accounts (DDAs) Wire transfer and funding services. We anticipate supporting additional services over the next few years, including: Enhanced digital asset custody offerings Digital asset staking Trust account and administration Other services for individual accounts: A complete online and mobile banking suite of products A debit card that clients can use to spend their crypto funds Other services for corporate clients: Account management services Bank comfort letters Deposit verifications Proof of funds attestations. Finally, we expect to be able to offer additional retail, wealth management and treasury services (and potentially other asset classes such as securities), so stay tuned! https://blog.kraken.com/post/6241/kraken-wyoming-first-digital-asset-bank/ |
|
|
|
I thought that Libra won't pursue it anymore. But here they go, hiring some professionals that were from the banking industry.
Any source where we can read about their hearings?
Why kill the goose that lays the golden egg? Libra has every chance of being realized in a regulated field, the only question is how they will succeed. They probably want to do this through the banking sector. It is interesting that Libra has no competitors yet, because Pavel Durov's TON, in fact, was killed by American regulators. |
|
|
|
Hmm, there was so much hype around Bakkt when it launch, unfortunately, it didn't live to it's hype and we totally forget about them, Lol. But I think it also hits an all time high prior to the pandemic and then obviously, it decline because of the situation.
One thing to note though, is that it coincides with the recent spike in the price of bitcoin, so perhaps it has some positive effects to the market. But let's see, usually when Bakkt hits all. time high, it comes on successive days, so let's wait if this pattern will continue and if it will also contribute to $11k or more in the next coming days.
You're right. I remember how everyone waited for the launch of the platform, waited for a whole year and believed that this is the very holy grail that will bring back the "crypto spring". The wait began in mid-2018. However, after its launch, nothing happened. Quite a long time has passed now, but apparently the BAKKT does not influence the market too much. Nevertheless, it's nice to know that the tool still exists and is gaining momentum. Where this will lead, who knows. |
|
|
|
Libra Association hires former HSBC veteran to head its stablecoin projectThe Libra Association has hired former HSBC European head James Emmett as the managing director of Libra Networks — the operating company subsidiary of the association. Emmett is joining Libra on October 1, the association announced on Thursday. Emmett spent more than 25 years at HSBC and recently stepped down as the CEO of HSBC Bank plc and Europe, where he led the bank's operations across Continental Europe, Sub-Saharan Africa, and Bermuda. Stuart Levey, CEO of the Libra Association, who also joined from HSBC recently, said Emmett's leadership "will help make Libra's vision a reality." Libra has been gearing up to launch its stablecoins with the recent high-profile appointments, including Steve Bunnell as chief legal officer and Sterling Daines as chief compliance officer. The appointments follow the release of an updated white paper by the association and an application of the payment license from Switzerland's Financial Market Supervisory Authority (FINMA). https://www.theblockcrypto.com/linked/78001/libra-association-hires-former-hsbc-veteran-head-stablecoin-project
|
|
|
|
Kraken is launching a crypto bank in Wyoming, paving the way for possible stock offeringsCryptocurrency exchange Kraken is launching a bank under a new regulatory framework in Wyoming, a move that will expand its product suite, the firm said in an announcement Wednesday. Headquartered in Wyoming, Kraken Financial will be regulated by the Wyoming Division of Banking under a so-called Special Purpose Depository Institution. The new structure was purpose-built for cryptocurrency companies and will allow Kraken to offer certain banking functions to clients and effectively serve as the exchange operator's primary banking relationship. Up until this point, Kraken has relied on third-party providers for wire transfers and other services that enable it to engage with the broader financial system. Crypto firms have a history of challenging and precarious banking relationships. Most traditional banks have refused to offer services to such firms, while some offshore exchanges like Bitfinex have had trouble maintaining relationships with banking partners. To be sure, there are some small community banks aimed at the crypto market—such as Signature and Silvergate—but they have had issues with outbound wire transfers in the past. Still, big banks are moving into the market with JPMorgan recently taking on exchanges Coinbase and Gemini as banking clients. https://www.theblockcrypto.com/post/77804/kraken-crypto-bank-launch-wyoming
It seems that we are witnessing the beginning of a new banking era, or at least its integration with cryptocurrencies.
|
|
|
|
Binance Visa Cards Are Now Available in Europe. Get Up to 7% Cashback.With the Binance Visa Card, you can use the crypto assets in your Binance account to spend and transact at more than 60 million locations around the world, wherever Visa is accepted. In addition, you can now link your Binance Card virtually with Google Pay and Samsung Pay. When you use your Binance Visa Card, you don’t have to worry about fees from our side. We charge zero subscription or maintenance fees, and transactions made in Euros are free of transaction charges (third-party fees may apply*). To make the deal even sweeter, for every purchase that you make with the Binance Visa Card, we are offering up to 7% cashback, the highest rate available in the market today! A virtual card will be available to you for immediate use upon approval of your application. The Binance Card, powered by Swipe, works like your traditional debit card, but instead of fiat, you’ll be holding digital assets, such as BTC, BNB, SXP, and BUSD. Your card is linked to a Card Wallet within your Binance account, and you can replenish this wallet with funds stored in your Spot Wallet. How to Get a 7% Cashback on Your Fee-Free Binance CardThe more BNB you hold (based on the average amount of BNB you held over a 30-day period), the higher your cashback rewards will be, and you’ll receive that cashback in the form of BNB. Here’s a breakdown: For example, you have 200 BNB in your Spot Wallet, 2,000 BNB in your Futures Wallet, and 20,000 BNB in your Launchpool account. We add all your BNB balances in your Binance account, regardless of where you use it, to determine your cashback rate. No need to worry about arbitrary rules or restrictions. In this case, you will have 22,200 BNB in total, which grants you the 7% cashback rate!  https://www.binance.com/en/blog/421499824684900992/Binance-Visa-Cards-Are-Now-Available-in-Europe-Get-Up-to-7-Cashback?ref=JLI1VBLA&utm_source=BinanceFacebook&utm_medium=GlobalSocial&utm_campaign=GlobalSocial
|
|
|
|
The Central Bank of The Bahamas is said to be launching its sovereign digital currency, Sand Dollar, next month.Bloomberg reported the news on Tuesday, saying that Sand Dollar will be rolled out across the Bahamas islands in October. The central bank began piloting the digital currency last December. Once live, Sand Dollar would allow individuals and businesses to make payments via mobile, even when they are offline. "A lot of residents in those more remote islands don't have access to digital payment infrastructure or banking infrastructure," Chaozhen Chen, the assistant manager of eSolutions at the Central Bank of The Bahamas, told Bloomberg. "We really had to customize the effort and the solution to what we need as a sovereign nation." During its pilots in Exuma, a district of the Bahamas, the central bank had issued $48,000 worth of the Sand Dollar, valued 1:1 with the regular Bahamian dollar. Chen now told Bloomberg that new Sand Dollars would be "minted" as demand increases and will only be issued when physical Bahamian banknotes are halted. https://www.theblockcrypto.com/linked/77896/bahamas-to-launch-its-digital-currency-next-month
|
|
|
|
Bakkt’s bitcoin futures market hits all-time high after months of trailing rival CMECrypto derivatives provider Bakkt has recently gained some ground in the market for bitcoin futures. The firm, which is set to launch a retail trading app in the coming weeks, has long trailed CME in daily bitcoin futures trading volumes. In recent days it has gained momentum. According to data from The Block, Bakkt clocked in $173 million worth of notional trading volumes on Tuesday—an all-time-high. By way of comparison, volumes for CME's bitcoin futures stood slightly above $383 million on Monday, according to data from Skew. Over the course of the last three months, Bakkt's daily volumes have struggled to top $100 million. In terms of the amount of bitcoin traded on Tuesday, the firm clocked in an all-time high of 15,995 bitcoin. Unlike rival CME, which has a cash-settled product, Bakkt's futures settle in physical bitcoin.  Editor's note: This piece has been updated to include accurate CME bitcoin volumeshttps://www.theblockcrypto.com/linked/77872/bakkts-bitcoin-futures-market-surges-after-months-of-trailing-rival-cme
|
|
|
|
We apologise for the time it has taken to get to this stage. We understand that not having access to your funds, particularly during the current climate, will not have been easy for a number of you. We are pleased to announce that the work on updating our compliance systems and controls is advancing well. - We’ll be taking advantage of innovation to offer you digital authentication processes, such as biometric technology
- We’ll be changing the way that individuals can make payments and get paid. Individuals will only be able to get paid by companies and will only be able to send money to their own account. The available payments channels will remain with bank wire, bank card, and alternative payment methods. You’ll also still be able to use your pre-paid card.
- We will no longer offer access to cryptocurrency
- Enhanced monitoring will help us to quickly understand if something has gone wrong and fix it quickly
https://blog.epayments.com/we-are-getting-ready-to-start-working-together-again/
No cryptocurrency, no life. |
|
|
|
Hydra is the sixth-largest crypto service by volume in Eastern Europe. It’s more popular than Kraken, OKEx and Poloniex.A cryptocurrency-fuelled black market is one of the largest crypto services in Eastern Europe, according to a year-long study by blockchain analysis firm Chainalysis. In its 2020 Geography of Cryptocurrency Report, an excerpt of which was published today, Chainalysis found that darknet market Hydra is the sixth-largest crypto service by volume in the region, which comprises Russia, Ukraine among other countries. In fact, Chainalysis found that Eastern Europe is the world’s hub for darknet market activity, with 21% of the world’s darknet market activity winding up in the region. The region sends a total of $41 billion to illegal entities, or 1.4% of its total transaction volume.  https://decrypt.co/41775/eastern-europe-biggest-crypto-darknet-market
|
|
|
|
Decentralized finance (DeFi) lending protocol bZx was attacked once again last night and lost a little over $8 million due to a faulty code in its smart contracts.The flawed code allowed an attacker to duplicate assets, or increase their balance of iTokens (interest-bearing tokens of bZx). Hours after noticing the bug, bZx paused minting and burning of iTokens and then unpaused it after a fix that corrected balances for duplications. The bug allowed the hacker to mint 219,200 LINK tokens (worth about $2.6 million); 4,503 ETH (~$1.6 million); 1,756,351 USDT (~$1.7 million); 1,412,048 USDC (~$1.4 million) and 667,989 DAI (~$680,000). That is $8.1 million in total. bZx said no user funds are at risk as the loss is being covered by its insurance fund. Marc Thalen, a lead engineer at Bitcoin.com, claims to have initially identified the bug. He said more than $20 million of bZx funds were at risk. Thalen himself tried the exploit out and created a loan using USDC (100 USD). "From this I retrieved iUSDC. I then sent this to myself practically duplicating the funds. I then created a claim for 200 USD," said Thalen. https://www.theblockcrypto.com/post/77656/defi-protocol-bzx-attacked-lost-8-million-faulty-code
|
|
|
|
|
Show Posts
