#best crypto exchange in Russia

[emileparfaitsimb]

Mining investment in Qatar

Hi there, thank you for your interest in mining investment in Qatar. Qatar is a country with abundant mining potential, as it is home to some of the world's largest gas and oil reserves. The Qatar Mining Company (QM) is the government-owned company responsible for overseeing mining operations in the country. QM has several investment programs that can provide potential investors with the opportunity to explore Qatar's mining potential. Additionally, Qatar's Ministry of Energy and Industry provides information about the sector and offers assistance to those interested in investing in mining operations in the country. We hope this information has been helpful in providing you with an overview of the opportunities available for mining investment in Qatar. Thank you for your inquiry.

[zachokoefoed95]

Bitcoin Fears-- Death

The first collection of packs, which each expense $50, propeled 100,000 NFTs right into the economic climate. This has verified to be challenging to balance, as well as in the previous few years there have actually been instances of trusted business being criticized for putting their spending plans initially and also customers second. Issuers of an ICO need to be mindful that where a deal document for an ICO is, or must have been, a syllabus and that paper does not include all the information needed by the Corporations Act, or consists of deceptive or misleading statements, consumers might have the ability to withdraw their investment prior to the crypto-assets are issued or go after the issuer and also those associated with the ICO for the loss. Now the catch is, first, mining is performed in 4 hours shift. But there's a catch! Zionodes has its information center throughout North America, South Africa, Europe, and also Russia. Braiins Pool has Bitcoin mining servers throughout the continents: USA, Europe, Canada, Japan, as well as Singapore. Zionodes is pass on one of the most obtainable BTC mining system we have actually found.

While the minimal payment is 0.001 BTC, you pay a payment cost of 0.0001 BTC for purchases less than 0.01 BTC. This charge is 1% of incomes for those making use of sustainable power as well as 2% for others. The very best thing is their dashboard is vibrant; you see your profits updated every min. You can see on their web site that this pool is all concerning eco-friendly power, as well as this truth reflects with every little thing, despite the mining fees. Today, we see a proliferation of NFTs as well as the tokenization of possessions. An NFT is produced from electronic items as a depiction of non-digital or digital properties. Sensing earnings, the computer game industry confiscated the possibility to get on the NFT bandwagon. An American blockchain modern technology start-up, Algorand, has actually joined a major blockchain gaming association, the Blockchain Game Alliance, or BGA. Additionally, liquidity pools have actually allowed the extensive development of brand-new DeFi products, such as crypto lending and borrowing, yield farming, on-chain insurance policy, and also play-to-earn (P2E) pc gaming.

As promoted, this is an all-in-one crypto system. The when damaging bitcoin fever has calmed down with several new digital currencies on the platform. Mining is restricted to Bitcoin as well as is done on StormGain web servers. StormGain has native applications for Android and iOS. Conclusively, StormGain is suitable just if you do-it-all with crypto. Keep reviewing to find out about the crypto platforms if you're interested in mining alone. Conclusively, Zionodes is a better alternate to various cloud mining platforms as it functions on remote mining components where you are the proprietor of the miner and also can run it according to your convenience. Next on the crypto mining platforms checklist comes Awesome Miner, which is comparable to Cudo Miner. So, you have to click to activate the miner every four hrs. Awesome miner seems to be an excellent service for huge mining farms. This platform comes in with the smoothest UI and also aids you onboard and begin mining in merely seconds. When it pertains to financial markets such as foreign exchange, supply, as well as bonds, there needs to be some mechanism offering liquidity to sell the property. Then, check into the incentives and also volatility of more incentivized liquidity pools.

While you can constantly mine Bitcoin alone (offered you have powerful hardware), joining PEGA Pool is just much more hassle-free and also efficient. Hosting the hardware in the data centers helps you gain an amazing uptime of 99.99%, so efficiently, there are no maintenance breaks. To identify the variables associated with an NFT's market value, we fit a straight regression version to approximate the cost of primary and second sales from different sets of functions, computed considering just the information coming before the day of the NFT's key sale. https://www.google.com.ag/url?q=http://budtrader.com/arcade/members/clerkgeese86/activity/5024503/ Binance Coin (BNB) is an utility cryptocurrency that runs as a payment technique for the charges related to trading on the Binance Exchange. Exchange, trading, as well as withdrawal charges specify to coin kind. But even if you are using a non-renewable power resource, PEGA Pool will grow trees to counter that carbon footprint. We advise this system because, as soon as you buy from them, you are the sole proprietor of the hardware, and you do not have to stress over the accessibility of the computing power. Zcash mining web servers lie in the USA as well as Europe. It is a mining monitoring utility for Windows and also Linux customers. It has abundant paperwork and also helps sections to help individuals in every possible way.

[threew-com]

CZ pleads guilty, Binance pleads guilty, what does the crypto leader’s sky-high $4.3 billion settlement mean?

The encryption world known for its “freedom” is finally moving towards compliance.

On Tuesday, Eastern Time, in the early morning of November 22nd, Beijing time, the U.S. Department of Justice held a press conference to announce that it had reached a historic settlement with Binance, the world’s largest cryptocurrency exchange, in an investigation and litigation case that lasted for several months. Binance agreed. After pleading guilty to relevant criminal charges and paying a total of over $4.3 billion in sky-high fines, Binance founder and CEO Changpeng Zhao resigned…

— — At this point, this unsolved mystery case in the global encryption industry for more than half a year, the annual “Black Swan” reserve incident has finally reached its final chapter. Just like boots landing, in the face of the “iron fist” struck by the US judicial department, Binance passed After defending and cooperating with negotiations, they finally chose to settle. The US$4.3 billion fine paid in the agreement was one of the largest fines ever obtained by the US government from a corporate defendant. Despite such a defeat, CZ Zhao Changpeng said that this was the “best choice.” It’s sad.

However, looking back at the development of the incident, there are traces of Binance’s acceptance of the punishment and its move toward compliance.

In the first half of this year, the U.S. government launched a series of reviews of Binance, including criminal and civil charges filed by the Department of Justice and the SEC respectively.

Among other things, the U.S. Department of Justice has been investigating whether Binance helped evade U.S. sanctions on Iran and Russia (Binance has also come under scrutiny for whether it allowed transactions to fund Hamas). It is one of the largest investigations into a cryptocurrency company by the U.S. Department of Justice and follows the collapse of cryptocurrency exchange FTX and the conviction of its founder SBF earlier this month on fraud and conspiracy charges. sexual solution.

In June this year, the U.S. Securities and Exchange Commission (SEC) filed 13 charges against Binance entities and founder Changpeng Zhao, including operating an illegal trading platform in the United States; operating unregistered exchanges, broker-dealers, and clearing agencies; and abusing customer funds. ; Unregistered issuance and sale of securities, etc.

While Binance is under the cloud of investigation and wrestling with U.S. regulators, in July this year, in order to prevent money laundering and stop cryptocurrencies from facilitating crime and violating sanctions, a group of U.S. senators are introducing new bipartisan legislation requiring de Centralized finance (DeFi) services meet the same anti-money laundering (AML) and economic sanctions compliance obligations as other financial companies, including centralized crypto exchanges, casinos and even pawn shops.

The legislation also updates the Ministry of Finance’s anti-money laundering authority and establishes new requirements to ensure that “cryptocurrency ATMs” do not become a channel for illegal money laundering activities. The proposal indicates a clearer regulatory attitude from relevant parties — DeFi and crypto ATMs are also required AML and KYC.

This means that cryptocurrencies and cryptocurrency exchanges, whether centralized or decentralized, are being pushed into a new development model. It is not difficult to evaluate the industry from regulatory related terms such as compliance, anti-money laundering, and KYC. The market is bound to move towards standardization in the traditional sense — rational practitioners will not arbitrarily attribute supervision to shackles or shackles, but it is undeniable that the future development of cryptocurrency is destined to give up some “freedom” and need to meet more and more requirements. The more detailed and specific and higher-level regulatory requirements are.

The thunderous sound of FTX is still in my ears. The successive collapses of leading players have created trust risks, market crackdowns have caused bearish trading, and there are rumors of tighter supervision… This is the common situation that cryptocurrencies and cryptocurrency exchanges have faced in the past two years.

Until now, Binance has admitted its guilt and accepted punishment. It is almost a foregone conclusion that the cryptocurrency market or the entire crypto world will gradually move towards compliance.

It should be said that the fragility of cryptocurrency itself, as well as the previously unclear regulatory framework or regulatory crackdowns in various regional markets, have also increased the uncertainty faced by cryptocurrency exchanges. Poor internal management has also brought hidden dangers to the stable development of exchanges. The bank run risks that need to be borne under the fractional reserve system are among the many difficulties currently faced by cryptocurrency exchanges.

Facing risks and clarifying pain points is the first step for the industry to get out of trouble. 3W.com Group and its various business sectors, especially the hybrid trading platform 3W Exchange, have been paying close attention to the development of the cryptocurrency market and using leading financial From the perspective of technology service providers, we hope to provide assistance to cryptocurrency exchanges and the overall market at all levels, from technical support to service empowerment, to break through the difficulties.

More comprehensive regulatory compliance response plan

In the face of increasingly stringent regulatory demands in global mainstream markets, 3W Exchange provides innovative trust compliance solutions to global customers, helping B-side financial partners rely on the offshore trust law system and with trust super accounts as the core to utilize the latest trust compliance solutions globally. Fintech technology creates and maintains an appropriate trust structure, and combines it with other global financial transaction licenses to create a unified international financial transaction.

As the world’s first comprehensive solution provider that combines trust legal relationships with full asset management, 3W Exchange has greatly expanded the breadth and depth of its financial trading platform. Under common law supervision, we ensure that all services provided by the “Web2+Web3” global trust asset management platform are safe and legal.

Powerful risk control management functions

The hybrid financial trading system provided by 3W Exchange has powerful risk management functions, covering intraday risk monitoring before, during and after the event. It can customize account groups, capital accounts, sub-accounts and multi-level risks; risk control can choose only early warning or Directly restrict transactions.

We build a margin trading platform for users with non-custodial accounts. Users use their own smart contract wallets on the Ethereum blockchain to stay safe and anonymous. The platform does not hold users’ digital assets or their private keys.

In this mode, each user has their own private key and can fully control their assets in the platform, which is more secure. The user’s smart contract account is clearly visible on the blockchain. At the same time, we package the entire process data of the Web2 transaction scenario on the chain to ensure the transparency of the entire transaction process, ensure transaction fairness and security to the greatest extent, and bring ultimate benefits to users. Trading experience.

A more flexible way to trade cryptocurrencies

In terms of To B business, 3W Exchange is a trust technology and multi-asset allocation white label service provider that targets the global market and is deeply involved in financial technology and interconnection. The core module of the global multi-asset allocation system in the core product portfolio is the integration of “ The “Web2 + Web3” hybrid financial (HyFi) trading platform provides global traders with a multi-market, multi-asset class unified management platform for global trust assets, realizing “Web2 + Web3” integrated management of trading, risk control and settlement. model.

For global cryptocurrency traders, 3W Exchange provides traditional centralized exchanges (Web2) and Layer 2-based decentralized exchanges (Web3). Traders can flexibly choose different exchanges based on their own trading habits or preferences. Trading platform for a comfortable trading experience.

More abundant optional trading asset classes

For the cryptocurrency exchange itself, choosing 3W Exchange’s white label technology service means that in addition to the home field of cryptocurrency trading, it also opens up a broader multi-asset market and more diverse optional asset classes. A source for a wider range of trading users.

3W Exchange uses its strong “connection” capabilities to integrate multiple global markets into one system for trading and settlement, connecting more than 30 countries and regions around the world, and connecting more than 65,000 on-chain and off-chain trading varieties in more than 150 exchanges. , asset classes cover global stocks, futures, options, bonds, derivatives, digital assets, banks, funds, insurance, DeFi perpetual contracts, synthetic assets, etc., truly helping users achieve “one account” trading in the global market.

[ailtrahq]

Sergey Nazarov, the creator of Chainlink, recently shared his thoughts on the potential for mass adoption of cryptocurrencies, particularly in the context of a failing banking system. Sergey Nazarov is best known as the co-founder of Chainlink Labs, where he has spent nearly four years helping to develop hybrid smart contracts. Before Chainlink, he co-founded SmartContract, a company that connects smart contracts to external data and bank payments. Nazarov also had a role in Secure Asset Exchange, a decentralized platform for real-time revenue sharing. Additionally, he was a General Partner at QED Capital, focusing on venture capital for tech teams in Russia and Eastern Europe. With experience in both venture capital and blockchain technology, Nazarov is a significant player in the cryptocurrency and smart contract sectors. According to a report by The Daily Hodl, in a recent interview on the Bankless podcast, Nazarov outlined two possible scenarios that could unfold for the crypto and blockchain sectors over the next decade. Nazarov presented two contrasting scenarios for the future of crypto. The first, which he calls the “slow case,” involves the crypto industry and its underlying technology continues to grow at their current pace. This gradual growth would slowly siphon value away from the traditional financial system. The second scenario, termed the “fast case” by Nazarov, is more dramatic. It envisions a rapid collapse of the traditional financial system, leading to widespread financial distress. This would force people to acknowledge the advantages of cryptographic money systems that offer verifiable transactions. In Nazarov’s “fast case” scenario, the collapse would be so severe that it couldn’t be mitigated by government intervention. Such a collapse would result in significant financial hardship for society, increased political tension, and international issues. Nazarov argues that this would make people realize the fragility of existing financial systems and make a cryptographically secure world highly appealing. He further elaborates that any entity not offering cryptographic guarantees for economic transactions would be at a disadvantage in such a world. According to Nazarov, not being part of this “verifiable web” would be akin to not being on the internet. Even if the “slow case” scenario plays out, Nazarov believes that the crypto industry is on a trajectory toward a $10 trillion market cap. He suggests that this path was set when the industry crossed the $200 billion mark. [embed]https://www.youtube.com/watch?v=AzQnY0CqHOw[/embed]

[plutusiasdelhi]

G20 NEW DELHI LEADERS’ SUMMIT DECLARATION

Grain/ Food / Energy Security:

Russia and Ukraine are called upon to ensure the uninterrupted delivery of grain, food, and fertilizers.

Maintaining food and energy security is stressed, with a warning about potential market volatility.

Economies & Financial Markets:

Commitment to protect vulnerable populations through equitable economic growth and financial stability is reiterated.

There’s a mention of a previous exchange rate commitment and endorsement of recommendations for regulating crypto-assets.

Encouragement for fair competition and discouragement of protectionism is included.

Climate Change:

The need to phase down coal power, support low-carbon transitions in developing countries, and triple global renewable energy capacity by 2030 is highlighted.

There’s also an emphasis on sustainable finance, carbon pricing, and achieving carbon neutrality.

Financial commitments for climate goals and a call to set a new collective climate finance goal in 2024 are mentioned.

This article has been written by our competent writer Gaurav Nikumbh. The article highlights the topic of G20 New Delhi Summit and its important declaration. The article is penned under the review and authentication of our well-qualified mentor Vikash Gupta to ensure that readers get verified and accurate news.

Get all such current affairs news via Plutus IAS official website. Plutus IAS has been delivering the best IAS coaching in Delhi consistently for a very long time. Join us to achieve your goal of becoming an IAS officer.

[pranalip]

Crypto ATM Market ,Highlights On Future Development Report 2021-2031 | Genesis Coin, Lamassu, BitAccess, Coinsource, General Bytes

Global Crypto ATM Market report from Global Insight Services is the single authoritative source of intelligence on Crypto ATM Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

To Remain 'Ahead' Of Your Competitors, Request for A Sample -https://www.globalinsightservices.com/request-sample/GIS10152

A Crypto ATM is a machine that allows you to buy or sell cryptocurrencies for cash. These machines are similar to traditional ATMs, but they allow you to transact with digital currencies instead of fiat currencies. Crypto ATMs can be used to buy or sell Bitcoin, Ethereum, Litecoin, and other cryptocurrencies.

Crypto ATMs are typically operated by companies that provide Bitcoin or other cryptocurrency wallets. These companies typically charge a fee for each transaction. Crypto ATMs may also offer services such as exchanging one cryptocurrency for another, or buying goods and services with cryptocurrency.

Key Trends

In the past few years, we have seen a growing trend in the use of cryptocurrency ATMs. These machines allow users to buy and sell digital currencies, such as Bitcoin, Ethereum, Litecoin, and others.

One of the main reasons for the growth of crypto ATMs is the increasing adoption of cryptocurrencies. More and more people are using digital currencies for everyday transactions, and this is only expected to increase in the future. Crypto ATMs provide a convenient way for people to buy and sell cryptocurrencies, and this is one of the main reasons for their growing popularity.

Another trend that we are seeing in the crypto ATM market is the increasing number of machines that offer both buying and selling services. In the past, most machines only allowed users to buy cryptocurrencies. However, as the market has grown, we are now seeing more machines that offer both buying and selling services. This is a convenient way for people to get the best of both worlds, and it is one of the reasons why we expect the number of crypto ATMs to continue to grow in the future.

Finally, we are also seeing a trend towards more sophisticated machines. In the past, crypto ATMs only allowed users to buy or sell a few different cryptocurrencies. However, we are now seeing machines that offer a wider range of services, such as the ability to trade different digital assets, use different fiat currencies, and even offer features such as touchscreens and QR code scanners. This trend is only expected to continue as the market for crypto ATMs grows and matures.

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Key Drivers

Some of the key drivers of the Crypto ATM market are the increasing popularity of cryptocurrencies, the ease of use of crypto ATMs, and the increasing number of Bitcoin ATMs.

Cryptocurrencies have been gaining popularity in recent years, with more and more people investing in them. This has led to an increase in the number of people using crypto ATMs. Crypto ATMs are convenient because they allow users to buy and sell cryptocurrencies without having to go through a traditional exchange.

The number of Bitcoin ATMs has also been increasing. This is because Bitcoin is the most popular cryptocurrency, and it is also the most widely accepted. Bitcoin ATMs allow users to buy and sell Bitcoin without having to go through an exchange.

The increasing popularity of cryptocurrencies and the ease of use of crypto ATMs are the two main drivers of the Crypto ATM market.

Market Segments

By Offering

Hardware

Display

ATM Printer

QR Scanner

Software

By Type

One Way

Two Way

By Coin

Bitcoin (BTC)

Litecoin

Ethereum (ETH)

Dogecoin

Bitcoin Cash

Dash

Tether (USDT)

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By Application

Shopping Malls

Restaurants

Transportation Hubs

Standalone

Key Players

Genesis Coin

Lamassu

BitAccess

Coinsource

General Bytes

BitXatm

Orderbob

Robocoin

Skyhook

Bitcoin Depot

Bitstop

Coinme

Coinsource

Rockitcoin

Expresscoin

Athena Bitcoin

LibertyX

BitPay

Coin Cloud

Bitcoin Teller Machine

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions

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[legitairdropcrypto]

BitMart Exchange: Claim Millions of Free Tokens Today!

BitMart Exchange: Claim Millions of Free Tokens Today!

BitMart recently launched a Millions of Cryptocandy Airdrop! Registered users can claim free BTC, ETH, EOS, VEN, ABT, XLM, MOBI, BMX and many more tokens

If you ask me “What is a potential token to invest in recently?”, I would definitely tell you to invest in the digital tokens issued by cryptocurrency exchanges. As Huobi Token (HT) has increased 60% and OKex Token (OKB) by 187% since May 8th this year, a lot of investors believe it is time to invest in the platform tokens issued by the exchanges. While it may be too late to invest in the tokens I mentioned above, there is an alternative one called BitMart Exchange with a utility token (BMX) offering the same functions as Binance Coin (BNB).

What is BitMart?

BitMart Exchange is a premier global exchange in the digital asset market. Their platform launched in March this year. With more than 400,000 users from over 160 countries, BitMart offers crypto-to-crypto trading for coins and utility tokens only. BitMart has a global team with extensive industry experience from all over the world including the United States, Russia, India, Singapore, Japan and Hong Kong. They currently offer trading pairs for BTC, ETH, XLM, EOS, VEN, MOBI, ABT, and BMX.

What is BMX?

BMX is an ERC-20 based utility token issued by BitMart with a total volume of 1,000,000,000. Like BNB, BMX can be used as payment for transaction fees. BitMart will also employ the same practice of using 20% of profits each month to repurchase BMX tokens and then destroy them. By destroying BMX tokens, the value should increase as a result of supply and demand.

Why Should You Invest in BMX?

Future Appreciation Potential

BitMart aims to become a leading cryptocurrency exchange providing spot trading, futures trading, over-the-counter trading, whole-network trading, and decentralized trading. As the utility token for these services, BMX shows great potential to appreciate in value. Especially as the exchange starts to list more coins and experiences growth in trading volume.

Payment for Transaction Fees

When users conduct transactions on BitMart, they can use BMX to pay the trading fees, no matter what tokens they trade.

Easy to Register

Many exchanges are either not accepting new users or require waiting periods that can last for weeks. In all that time spent waiting, an opportunity could pass right by. BitMart recognizes this problem and that’s why their registration process takes mere seconds to complete. Over 400,000 people have already joined since their launch.

Strong Community

As with any ICO project, it takes a large community to help spread word-of-mouth, maintain customer relationships, and establish trust. BitMart has built up their community channels and they now have over 28,000 followers on Twitter, 21,000 members on their Telegram, and 10,000 followers on Facebook.

Secure and Reliable

Trust goes a long way in today’s crypto market. BitMart’s highly secure and efficient matching engine technology ensures that you receive the best prices. They also implement hot/cold wallet technology for storage of their funds, with NetGap technology being used by the hot wallet. In addition, the operating modes of secret keys and addresses are optimized based on the features of each blockchain node to ensure the security of users’ assets.

An International Team of Professionals

A great project that isn’t marketed properly means nothing. To spread the word about their platform, BitMart has posted press releases on CCN and NewsBTC, along with digital ads in Times Square. Their team has attended multiple speaking engagements, including international conferences in the Fintech and blockchain industry. They also have a strong digital presence, with accounts across every major social media channel.

BitMart’s Millions of Cryptocandy Airdrop

BitMart recently launched a Millions of Cryptocandy Airdrop! Registered users can claim free BTC, ETH, EOS, VEN, ABT, XLM, MOBI, BMX and many more tokens listed on BitMart with just the click of a button.

To qualify for this event, registered users must hold assets in their account of equal or greater value than 0.1 ETH. Not a registered user? No problem, registration for BitMart is quick and easy, just click here to create your account in seconds! Once you’ve registered and deposited the required amount, you can start claiming free candy every day!

BitMart is also holding a giveaway event on Twitter and instant messaging apps like Telegram and WhatsApp to promote their airdrop.

To learn more about BitMart, you can visit their website, Twitter, Facebook, LinkedIn, Medium or join their Telegram. As BitMart continues to grow and list more coins, their volume will increase and lead to a higher demand for BMX in order to pay their transaction fees. Overall, I believe that this will be one of the hottest coins of 2018 and it deserves your attention.

Link:

[mariacallous]

In the 12 months since Russia began its full-scale invasion of Ukraine, more than 14 million Ukrainians have been forced from their homes in what the United Nations has described as “the fastest, largest displacement in decades.”

Allied governments and humanitarian organizations have supplied tens of billions of dollars in aid to support refugees. But, as in past crises, figuring out the right way to get aid to people has been a huge challenge. For people who have been displaced, the best support is cash. Unlike in-kind assistance like food or clothing, cash can be used for anything, and it’s flexible for when circumstances change. “We always ask ourselves: Why not cash?” says Carmen Hett, treasurer for the United Nations High Commission for Refugees (UNHCR), the UN refugee agency.

The humanitarian sector has historically been reluctant to distribute cash to refugees over fears—since debunked by multiple studies—that the money would be squandered on so-called temptation goods, like alcohol or tobacco. But cash has played a bigger role than ever in the Ukraine crisis. Nearly half of all of the aid delivered by the Disasters Emergency Committee, a coalition of UK-based charities, in the first six months of the war was in cash.

However, cash is difficult to move around. It either has to be shipped physically by the pallet-load into war zones and disaster areas, creating logistical and security headaches, or delivered electronically via the traditional banking system, the rigidity of which can pose problems for people whose documentation has been lost.

Recognizing these limitations, the UNHCR has moved to deploy an alternative system, partnering with the Stellar Development Foundation, a nonprofit that supports the growth of the Stellar blockchain network. The two organizations are working alongside money transfer company MoneyGram and Circle Internet Financial, issuer of the USDC stablecoin, to rig up a system for sending aid directly to Ukrainian refugees using crypto. Cryptocurrencies have often been dismissed as being useful only for financial speculation, but in Ukraine the technology may be a solution to a real-world problem.

“This project is a prototype but a very real one,” says Dante Disparte, chief strategy officer at Circle. “If you can solve the gaps in money logistics in such an acute conflict, it stands to reason that these types of innovations would be meaningful” in other contexts too.

The system works like this: The UNHCR delivers USDC, a crypto coin locked to a $1 valuation and hosted on the Stellar network, to a digital wallet that can be accessed via smartphone. The recipient then exchanges their coins for local currency at any MoneyGram facility.

The UNHCR is also using standard bank transfers to distribute aid. However, as Hett says, although the Ukrainian banking system has so far proven resilient, if a bank were to fail, its customers would be left without access to the aid in their accounts. But a stablecoin is hosted on decentralized infrastructure and in the custody of individual wallet owners, which means funds cannot be withheld. Digital wallets are also available to people who don’t have a bank account.

The Ukrainian government has put in place strict capital controls to prevent money from flowing out of the local economy, meaning that refugees who have left the country face restricted access to funds in their bank accounts. But stablecoins are geography-agnostic; the only restriction in this context is the proximity of a MoneyGram location, of which there are 4,500 in Ukraine and roughly 350,000 worldwide.

Crypto has been tapped to collect donations during humanitarian crises in the past. It has been successful in bringing together pools of money, but it can be difficult to actually use on the ground. In Turkey and Syria, after a huge earthquake in February that killed more than 50,000 people, recipients of crypto donations complained that they couldn’t spend the coins or turn them into fiat currency, limiting their usefulness. 

“The challenge is that there’s not a lot someone can do with crypto once they have it in their possession,” says Alex Holmes, MoneyGram’s CEO. “It’s not a form of payment that a lot of [vendors] accept.” 

The UNHCR pilot overcomes this problem by building in a mechanism to convert crypto into cash. 

For now, the stablecoin program in Ukraine is being piloted on a microscopic scale, with fewer than 100 participants in the cities of Kyiv, Lviv, and Vinnytsia. The UNHCR is preparing to expand the initiative to up to 5,000 wallets by April, but this would still represent only a fraction of the number of Ukrainians displaced by the war.

Hett declined to reveal how much cash has already been distributed via the program—information she describes as “not so important”—but insists the system is ready to scale. “It’s not about how many millions have flowed through,” she claims, “it’s about how many millions will flow through going forward.”

Ukraine may be an ideal proving ground for experimental financial services of this kind. Even before the war, the country was nurturing plans under President Volodymir Zelensky to become a digital-first economy and build a central bank digital currency—a blockchain-based version of Ukraine’s hryvnia.

“You’ve got a community that is used to change, with high consumer technology penetration, and generations of people scattered across the globe,” says Dora Chomiak, board member at the Ukraine-focused nonprofit Razom. “Combine all of those things, and going beyond formal banking makes sense.”

The process of launching the project has, in its own way, been radical for a humanitarian system known for its often ponderous bureaucracy.

The project was incubated for 10 months before being launched in December, far quicker than its backers anticipated, according to Denelle Dixon, CEO at the Stellar Development Foundation. As well as the usual red tape, the job of convincing stakeholders of the technology was made harder by the implosion of crypto exchange FTX in November, which sparked a crisis of confidence in the sector. “But I think that’s mostly behind us now,” says Dixon.

The goal is not to replace traditional cash-based intervention, say the UNHCR and its partners, but to arm humanitarian organizations with alternative rails for distributing aid that support the full range of scenarios refugees may find themselves in. “The real breakthroughs here are more evolutionary than revolutionary,” says Disparte. “It’s about extending the brick-and-mortar banking system beyond its many limitations.”

It is also important to avoid scenarios in which crypto is applied to problems that do not exist, says Dixon. “You never want crypto to be a square peg in a round hole. This is just another option—another tool in the toolbox.”

Irrespective of the small scope of the initial pilot, the partners on the UNHCR scheme believe that projects like their own, as well as the $78 million in crypto donated to Ukrainian causes since the war began, hint at a permanent change in the way humanitarian aid will be distributed.

The UNHCR is investigating the potential for the same system to assist those displaced by the economic crises in Venezuela and Argentina, says Hett. And Holmes points to potential applications in Turkey and Syria.

“Having portable access to money, no matter where they are, gives people the options to move on in life,” says Hett. “The question is now, how can we do more of this? Because we know it works.”

[cryptonutella]

BTC USDT Crypto Exchange BingX Starts World Tour for Football and Crypto Fans

BingX is a leading crypto exchange that offers BTC USDT, ETH USDT, XRP USDT and LUNA USDT derivatives and Copy Trading service to more than 100 countries and regions worldwide with over 5 million users. BingX connects users with expert traders and the platform in a safe, leading, and innovative way.

BingX invites football and crypto enthusiasts all over the world to celebrate the 2022 World Cup in its World Tour as international football stars compete in the month-long tournament. BingX is spreading its footprint across Turkey, Spain, Russia, Germany, and more according to the game schedule. BingX invites worldwide fans to watch and celebrate the largest and most anticipated sporting event offline and distributes customized souvenirs at local communities.

Meanwhile, the BingX World Tour enables all registered clients to trade, predict, and win alongside their preferred World Cup teams online. They will have a chance to predict the winners of each round from the inaugural kick-off all the way through to the final itself on December 18. To further engage clients with the football craze, BingX has arranged multiple exclusive rewards with games and World Cup-themed campaigns, including a big prize poll of up to 600,000 USDT together with popular coins like BTC and ETH. Lucky ones will win tickets to the World Cup Final and coveted autographed jerseys of renowned football stars.

This World Tour aims to enjoy the football game with its customers and help bring more people into crypto space. As excitement for the World Cup facilitates the connection between the crypto universe and the sports world, BingX also makes the effort to benefit BingX customers with various campaigns. BingX wishes to bring joy and excitement to both football fans and its community members. It represents the fusion of sport events and blockchain technology. Additionally, these initiatives set the stage for a fresh wave of use cases where on-chain and off-chain ecosystems are integrated to deliver novel experiences.

“The FIFA World Cup is watched by four billion people worldwide. Through this single event, the World Cup offers the crypto industry a rare opportunity to connect with customers, making it simpler to spread awareness and show off the potential of crypto developing technology”, said Elvisco Carrington, PR and Communications Director at BingX. “BingX is uniting worldwide customers in support of sports and the World Cup festivities. They can enjoy both athletic brilliance and rich bonuses in BingX World Tour and share their love of football and cryptocurrency. We consistently aim for excellence and keep providing the best range of products and services in this field. We are expecting football and crypto fans to join us on our journey.”

[emileparfaitsimb]

Understanding Cryptography: How to Get Started and What It Is

Understanding Cryptography: How to Get Started and What It Is

Cryptocurrency is frequently described as “digital money.” This description might also be true, however it fails to seize what makes cryptocurrency special and so attractive to many investors.

What is cryptocurrency? At its core, cryptocurrency is a machine of value. When buyers purchase a cryptocurrency, they are making a bet that the cost of that asset will expand in the future, simply as inventory market buyers purchase securities when they agree with the agency will develop and share fees will increase. Stock valuations boil down to discounted estimations of a company’s future cash flows. There is no similar valuation metric for cryptocurrencies due to the fact there is no underlying company; the price of a cryptocurrency is tied solely to investor appetite. Cryptocurrency valuations boil down to one of two factors: the probability of different traders shopping for the asset or the utility of the cryptocurrency’s blockchain.

How does cryptocurrency work? Cryptocurrency runs on blockchain technology, however what precisely is a blockchain? The time period has grow to be so commonplace, its that means and magnitude are regularly blurred. A blockchain is absolutely a digital ledger of transactions. This ledger (or database) is dispensed throughout a community of laptop systems. No single device controls the ledger. Instead, a decentralized community of computer systems maintains a blockchain going for walks and authenticates its transactions. Proponents of blockchain technological know-how say that it can enhance transparency, enlarge have faith and bolster protection of statistics being shared throughout a network. Detractors say that blockchain can be cumbersome, inefficient, expensive, and can use too a whole lot energy. Rational crypto traders purchase a digital asset if they accept as true with in the energy and utility of its underlying blockchain. All cryptocurrencies run on blockchain, which potential crypto traders are having a bet (whether they comprehend it or not) on the resiliency and beauty of that blockchain.

Cryptocurrency transactions are recorded in perpetuity on the underlying blockchain. Groups of transactions are brought to the ‘chain’ in the structure of ‘blocks,’ which validate the authenticity of the transactions and maintain the community up and running. All batches of transactions are recorded on the shared ledger, which is public. Anyone can go and seem to be at the transactions being made on the foremost blockchains, such as Bitcoin (BTC) and Ethereum (ETH). But why do humans commit computing electricity to validating blockchain transactions? The reply is, they are remunerated with the underlying cryptocurrency. This incentive-driven machine is known as a proof-of-work (PoW) mechanism. The computer systems ‘working’ to ‘prove’ the authenticity of blockchain transactions are acknowledged as miners. In return for their energy, miners acquire freshly minted crypto assets. Investors in cryptocurrencies don’t keep their belongings in normal financial institution accounts. Instead, they have digital addresses. These addresses come with non-public and public keys -- lengthy strings of numbers and letters -- that allow cryptocurrency customers to ship and get hold of funds. Private keys enable cryptocurrency to be unlocked and sent. Public keys are publicly accessible and allow the holder to get hold of cryptocurrency from any sender. It is honest to say that Bitcoin has modified the paradigm -- there has been nothing pretty like it before, and it has unleashed an absolutely new technology, a new platform for investing, and a new way of questioning about money. Cryptocurrency started out as a grassroots motion with an anti-establishment ethos, however today, companies and economic institutions are embracing cryptocurrencies for their plausible to disrupt clunky legacy structures and diversify funding portfolios. As improvements proceed to reshape the cryptocurrency sector, which include interesting new initiatives like decentralized finance (“DeFi”), the that means of cryptocurrency will proceed to evolve.

Source:- https://emileparfaitsimb.blogspot.com/2023/02/understanding-cryptography-how-to-get.html

[bitcofun]

Coming every Saturday, Hodler's Digest will assist you track each and every single essential newspaper article that occurred today. The very best (and worst) quotes, adoption and policy highlights, leading coins, forecasts and a lot more-- a week on Cointelegraph in one link. Top Stories This Week Musk's offer for Twitter looks set to opt for initial $44 B price Elon Musk is back on track to purchase Twitter. The billionaire initially chose to purchase the social networks network back in April 2022, choosing a price of approximately $44 billion. He consequently tried to cancel the contract, declaring insufficient openness from Twitter concerning the company's monetary health along with phony account and spam bot occurrence on the platform. Musk now plans to finish the initial $44 billion offer, according to a legal filing. EU regulators prohibit cross-border payments from Russian crypto accounts In light of current escalations in the Ukraine-Russia war, the European Union has actually prohibited crypto activity in between member areas and Russia, no matter how little the deal. The restriction covers "all crypto-asset wallets, accounts, or custody services, regardless of the quantity of the wallet," according to an Oct. 6 declaration from the European Commission. Russia, on the other hand, has actually taken the opposite position, apparent in its approval of cross-border crypto activity in current weeks. SWIFT states it has actually reached a 'development' in current CBDC experiments The Society for Worldwide Interbank Financial Telecommunication (SWIFT), an essential cog in the international payments system, revealed an effective test associated to reserve bank digital currencies (CBDCs). In other words, the test showed interoperability in between CBDCs internationally. "For CBDCs, our service will allow reserve banks to link their own networks merely and straight to all the other payments systems worldwide through a single entrance," SWIFT chief development officer Tom Zschach stated in an Oct. 5 declaration. SWIFT's other test related to tokenized possessions. Middle East and North Africa are fastest-growing crypto markets: Data The Middle East and North Africa, referred to as the MENA area, took the cake for fastest crypto development this previous year. In Between July 2021 and June 2022, the volume of crypto deals in the area struck $566 billion, a 48% boost from the year prior, according to a Chainalysis report. Crypto use in the MENA area varied from capital conservation and remittance payments to institutional activity. Latin America took 2nd in regards to development at 40%, and North America was available in 3rd with 36%. FTX and Visa partner to allow crypto payments in 40 nations Crypto exchange FTX revealed that it has actually partnered with Visa to produce an apparently feeless debit card. Introducing such a card has actually been an enduring objective of FTX CEO Sam Bankman-Fried. The FTX Visa card will supposedly be offered in 40 nations. The card's site specifies the card is likewise totally free to own. Winners and Losers At the end of the week, Bitcoin ( BTC) is at $19,604, Ether ( ETH) at $ 1,336 and XRP at $ 0.49 The overall market cap is at $94707 billion, according to CoinMarketCap. Among the greatest 100 cryptocurrencies, the leading 3 altcoin gainers of the week are Casper ( CSPR) at 20%, Elrond ( EGLD) at 12.98% and Convex Finance ( CVX) at 12.44%. The leading 3 altcoin losers of the week are UNUS SED LEO ( LEO) at -1193%, Chiliz ( CHZ) at -9.04% and Lido DAO ( LDO) at -8.06%. For more details on crypto costs, ensure to check out Cointelegraph's market analysis Most Memorable Quotations" A year back, no one's asking me concerns about personal bankruptcy. A year back, everyone was asking me concerns about DeFi and things like that. Diogo Mónica, president and co-founder of Anchorage Digital" NFTs can offer you the technical capability to take ownership of a video game possession out of the control of the publisher of the video game.

Alex Dunmow, CEO of Ninja Syndicate" This economic crisis remains in its earliest phases, and the smarter play is to let the Fed's financial policy shifts play out and conserve capital. Richard Gardner, CEO of Modulus" As it stands, owning digital art is still reasonably foreign to many people and, at a lot of, it's a cool idea. Ted Mui, CEO of Kuma Games" All monetary products will cross blockchain networks in the future. Matthew Hougan, primary financial investment officer at Bitwise Asset Management" That's our required: not to make a world with Bitcoin or Ethereum, or not make that world-- it's simply to comprehend what's going on, established a system where we [...] ensure individuals have great resources to comprehend what's taking place." Curtis Loftis, treasurer for the U.S. state of South Carolina Prediction of the Week A falling apart stock exchange might produce rewarding chances for Bitcoin traders Bitcoin published another week of mostly range-bound cost action, trading in between $19,000 and $20,500 for the many part, according to Cointelegraph's BTC cost index. Cointelegraph expert Marcel Pechman detailed the prospective value of Q3 revenues statements anticipated in October from huge business such as Tesla and Apple. If unfavorable, the statements might result in a falling BTC cost if the property stays associated to traditional markets. On the other hand, Bitcoin's shortage might interest financiers if inflation issues continue. FUD of the Week Kim Kardashian pays SEC $1.26 million to settle EthereumMax charge Kim Kardashian deals with legal action from the United States Securities and Exchange Commission (SEC) for not revealing among her Instagram posts as being sponsored, according to the regulator. The celeb accepted $250,000 in exchange for releasing an advertising post about crypto task EthereumMax (EMAX) on her Instagram account. The act will cost Kardashian an overall of $1.26 million in fines, which she has actually consented to pay in spite of not verifying or rejecting the charges. BNB Chain back online after suspension due to a cross-chain make use of BNB Chain was paused quickly today to fight a cross-chain attack associated to the BSC Token Hub bridge. The make use of "led to additional BNB," according to an Oct. 6 tweet from Binance CEO Changpeng Zhao. The chain was able to freeze $7 million, price quotes state approximately $70 to $80 million was taken, down from earlier price quotes of $100 million. BNB Chain effectively resumed activity on Oct. 7. South Korean judge dismisses warrant for private associated with Terra collapse: Report The broad hunt for members of the Terra group has actually led to its very first arrest: head of Terraform Labs' service group Yoo Mo was nabbed by South Korean authorities. A Seoul Southern District Court judge dismissed the arrest warrant soon after, questioning the regulative claims of the allegations, although Mo is not permitted to leave South Korea. The Terra crypto task collapsed in extravagant style previously in2022 Task leader Do Kwon stays at big. Best Cointelegraph Features Wall Street catastrophe professional Bill Noble: Crypto spring is inescapable" It's 10% up or 10% down every day. I do not need to wait 5 years in between crises. As a matter of truth, I just need to wait about 45 minutes." What stays in the NFT market now that the dust has settled? From profile photos to star recommendations, the NFT area has actually altered a lot given that the marketplace boom in 2021. Federal regulators are preparing to pass judgment on Ethereum The Securities and Exchange Commission is transferring to do something about it versus Ethereum that reaches far beyond the United States' borders. Subscribe The most interesting checks out in blockchain. Provided as soon as a week. Editorial Staff Cointelegraph Magazine authors and press reporters added to this post. Read More

[thesecrettimes]

The World’s Weakest Currency, Kiyosaki Says Greenback Is ‘Toast,’ IRS Crypto Tax Update and More — Bitcoin.com News Week in Review

In this week’s hottest stories from Bitcoin.com News: the Ghanaian cedi’s recent slide to a new low against the USD, Rich Dad Poor Dad author Robert Kiyosaki weighs in on Saudi Arabia’s move to join the BRICS nations, the United States Internal Revenue Service updates tax filing instructions for crypto, and more.

Report: Ghanaian Cedi Slides Further Versus the US Dollar to Become World’s Worst-Performing Currency

As Ghana waits for a financial bailout from the International Monetary Fund (IMF), the country’s currency, the cedi, continued its slide versus the dollar after the exchange rate slipped to just under C15:$1. Following this latest plunge, the cedi has now depreciated by more than 55% in 2022 and this makes it the world’s worst-performing currency. Read More

Robert Kiyosaki Says US Dollar Is Toast Citing Saudi Arabia’s Request to Join BRICS

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the U.S. dollar is toast, citing Saudi Arabia’s request to join the BRICS nations that comprise Russia, China, India, Brazil, and South Africa. Read More

IRS Updates Crypto-Related Instructions for 2022 Tax Filing

The Internal Revenue Service (IRS) has updated the crypto section in the 2022 draft instructions for tax form 1040. “For example, digital assets include non-fungible tokens (NFTs) and virtual currencies, such as cryptocurrencies and stablecoins,” the tax agency detailed. Read More

Nokia Believes the Metaverse Will Replace Smartphones in the Future

Nokia, one of the first companies to manufacture a consumer-grade mobile phone system, now believes the metaverse will cause phones to become deprecated. “Our belief is that this device will be overtaken by a metaverse experience in the second half of the decade.” Read More What are your thoughts on this week’s hottest stories from Bitcoin.com News? Be sure to let us know in the comments section below. Read the full article

[yesmobilepk]

Bitcoin ATMs Increase in Number in Moscow, Russia

The number of bitcoin ATMs has been on the rise in Russia’s capital and the rest of the country, a press report revealed this week. There is demand for the service as it offers easy access to cryptocurrencies, although not at the best exchange rates and still amid regulatory uncertainty. More Crypto ATMs Installed in Russian Federation Despite Absence of Regulations With growing interest in…

[cryptrending]

Bitcoin ATMs Increase in Number in Moscow, Russia – Bitcoin News

Bitcoin ATMs Increase in Number in Moscow, Russia – Bitcoin News

The number of bitcoin ATMs has been on the rise in Russia’s capital and the rest of the country, a press report revealed this week. There is demand for the service as it offers easy access to cryptocurrencies, although not at the best exchange rates and still amid regulatory uncertainty. More Crypto ATMs Installed in Russian Federation Despite Absence of Regulations With growing interest in…

[coinprojects]

New Post has been published on https://coinprojects.net/ftx-partners-with-visa-bnb-chain-suffers-exploit-and-elon-musk-returns-to-44b-twitter-deal-hodlers-digest-oct-2-8/

FTX partners with Visa, BNB Chain suffers exploit and Elon Musk returns to $44B Twitter deal: Hodler’s Digest, Oct. 2-8

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week

Musk’s deal for Twitter looks set to go with original $44B price tag

Elon Musk is back on track to buy Twitter. The billionaire originally decided to buy the social media network back in April 2022, settling on a price tag of roughly $44 billion. He subsequently attempted to cancel the agreement, claiming inadequate transparency from Twitter regarding the firm’s financial health as well as fake account and spam bot prevalence on the platform. Musk now intends to complete the original $44 billion deal, according to a legal filing.

EU regulators ban cross-border payments from Russian crypto accounts

In light of recent escalations in the Ukraine-Russia war, the European Union has banned crypto activity between member regions and Russia, no matter how small the transaction. The ban covers “all crypto-asset wallets, accounts, or custody services, irrespective of the amount of the wallet,” according to an Oct. 6 statement from the European Commission. Russia, on the other hand, has taken the opposite stance, evident in its approval of cross-border crypto activity in recent weeks.

Read also

Features

Get your money back: The weird world of crypto litigation

Columns

Wall Street disaster expert Bill Noble: Crypto spring is inevitable

SWIFT says it has reached a ‘breakthrough’ in recent CBDC experiments

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a key cog in the global payments system, unveiled a successful test related to central bank digital currencies (CBDCs). In short, the test proved interoperability between CBDCs globally. “For CBDCs, our solution will enable central banks to connect their own networks simply and directly to all the other payments systems in the world through a single gateway,” SWIFT chief innovation officer Tom Zschach said in an Oct. 5 statement. SWIFT’s other test pertained to tokenized assets.

Middle East and North Africa are fastest-growing crypto markets: Data

The Middle East and North Africa, known as the MENA region, took the cake for fastest crypto growth this past year. Between July 2021 and June 2022, the volume of crypto transactions in the region hit $566 billion, a 48% increase from the year prior, according to a Chainalysis report. Crypto usage in the MENA region ranged from capital preservation and remittance payments to institutional activity. Latin America took second in terms of growth at 40%, and North America came in third with 36%.

FTX and Visa partner to permit crypto payments in 40 countries

Crypto exchange FTX unveiled that it has teamed up with Visa to produce a reportedly feeless debit card. Launching such a card has been a long-standing goal of FTX CEO Sam Bankman-Fried. The FTX Visa card will reportedly be available in 40 countries. The card’s website states the card is also free to own.

Winners and Losers

At the end of the week, Bitcoin (BTC) is at $19,604, Ether (ETH) at $1,336 and XRP at $0.49. The total market cap is at $947.07 billion, according to CoinMarketCap.

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Casper (CSPR) at 20%, Elrond (EGLD) at 12.98% and Convex Finance (CVX) at 12.44%.  

The top three altcoin losers of the week are UNUS SED LEO (LEO) at -11.93%, Chiliz (CHZ) at -9.04% and Lido DAO (LDO) at -8.06%.

For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

Read also

Features

Get your money back: The weird world of crypto litigation

Columns

Wall Street disaster expert Bill Noble: Crypto spring is inevitable

Most Memorable Quotations

“A year ago, nobody’s asking me questions about bankruptcy. A year ago, everybody was asking me questions about DeFi and things like that.

Diogo Mónica, president and co-founder of Anchorage Digital

“NFTs can give you the technical ability to take ownership of a game asset out of the control of the publisher of the game.

Alex Dunmow, CEO of Ninja Syndicate

“This recession is in its earliest stages, and the smarter play is to let the Fed’s monetary policy shifts play out and save capital.

Richard Gardner, CEO of Modulus

“As it stands, owning digital art is still relatively foreign to most people and, at most, it’s a cool concept.

Ted Mui, CEO of Kuma Games

“All financial goods will move across blockchain networks in the future.

Matthew Hougan, chief investment officer at Bitwise Asset Management

“That’s our mandate: not to make a world with Bitcoin or Ethereum, or not make that world — it’s just to understand what’s going on, set up a system where we […] make sure people have good resources to understand what’s happening.”

Curtis Loftis, treasurer for the U.S. state of South Carolina

Prediction of the Week 

A crumbling stock market could create profitable opportunities for Bitcoin traders

Bitcoin posted another week of largely range-bound price action, trading between $19,000 and $20,500 for the most part, according to Cointelegraph’s BTC price index.

Cointelegraph analyst Marcel Pechman detailed the potential importance of Q3 earnings announcements expected in October from big companies such as Tesla and Apple. If negative, the announcements could lead to a falling BTC price if the asset remains correlated to mainstream markets. In contrast, Bitcoin’s scarcity could appeal to investors if inflation woes continue.

FUD of the Week 

Kim Kardashian pays SEC $1.26 million to settle EthereumMax charge

Kim Kardashian faces legal action from the United States Securities and Exchange Commission (SEC) for not disclosing one of her Instagram posts as being sponsored, according to the regulator. The celebrity accepted $250,000 in exchange for publishing a promotional post about crypto project EthereumMax (EMAX) on her Instagram account. The act will cost Kardashian a total of $1.26 million in fines, which she has agreed to pay despite not confirming or denying the charges.

BNB Chain back online after suspension due to a cross-chain exploit

BNB Chain was paused briefly this week to combat a cross-chain attack related to the BSC Token Hub bridge. The exploit “resulted in extra BNB,” according to an Oct. 6 tweet from Binance CEO Changpeng Zhao. Although the chain was able to freeze $7 million, estimates say roughly $70 to $80 million was stolen, down from earlier estimates of $100 million. BNB Chain successfully resumed activity on Oct. 7.

South Korean judge dismisses warrant for individual involved in Terra collapse: Report

The broad hunt for members of the Terra team has resulted in its first arrest: head of Terraform Labs’ business team Yoo Mo was taken into custody by South Korean police. A Seoul Southern District Court judge dismissed the arrest warrant shortly after, questioning the regulatory claims of the accusations, although Mo is not allowed to leave South Korea. The Terra crypto project collapsed in outlandish fashion earlier in 2022. Project leader Do Kwon remains at large.

Best Cointelegraph Features

Wall Street disaster expert Bill Noble: Crypto spring is inevitable

“It’s 10% up or 10% down each day. I don’t have to wait five years in between crises. As a matter of fact, I only have to wait about 45 minutes.”

What remains in the NFT market now that the dust has settled?

From profile pictures to celebrity endorsements, the NFT space has changed a lot since the market boom in 2021.

Federal regulators are preparing to pass judgment on Ethereum

The Securities and Exchange Commission is moving to take action against Ethereum that reaches far beyond the United States’ borders.

Subscribe

The most engaging reads in blockchain. Delivered once a week.

Editorial Staff

Cointelegraph Magazine writers and reporters contributed to this article.

Source link By Cointelegraph By Editorial Staff

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