Day: November 19, 2021

‘We are the number two crypto miner in the world, and we see practically no financial return,’ says Kazakhstan President Tokayev

During a meeting with representatives of the financial sector on Friday in Almaty, Kassym-Jomart Tokayev, President of Kazakhstan, expressed his opinion on the current state of affairs of the country’s cryptocurrency industry. The details of the speech were posted on the official website of the President of the Republic of Kazakhstan, and translated by Cointelegraph: Cryptocurrencies are an objective factor that cannot be simply ignored. It is necessary to clearly evaluate their potential to influence the current financial system. President Tokayev speaking at a conference | Source: Akorda.kz He then added:…

Onecoin Victims Petition Bulgaria for Seizure of Assets and Compensation – Bitcoin News

A lawyer representing investors defrauded by the notorious crypto scam Onecoin has urged authorities in Bulgaria to act on the case, claiming that the “world’s largest pyramid scheme” is still operating from the country. In a petition with the Bulgarian Constitutional Ombudsman, Jonathan Levy accuses officials in Sofia of failing to provide justice to the victims while seemingly protecting “the most notorious criminal organization.” Lawyer Slams Bulgarian Authorities for ‘Misfeasance’ in Onecoin Case In the petition, Dr. Levy points out that Onecoin has been recognized as a criminal enterprise by…

Don't Panic… Crypto Market Dip and News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io With the markets continuing to dip, many people are worried about another crash. In this video, we discuss the crypto markets, news and why I’m so bullish on ETH for the long-term. I’m donating 25 cents to charity and 25 cents back to the community for every new subscriber! 💸 Get up to $250 BTC Bonus: Sign up for Voyager and get $25 bonus(Use code “TONE9A”): 🔥 Trade Crypto on Binance (get trading discounts): (Worldwide) (US) Trade Stocks and Crypto on Webull…

Acala wins Polkadot parachain, and Iota set to launch Shimmer, Nov. 12–19

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. Read on to discover why almost half of the liquidity providers on Uniswap v3 are losing capital due to impermanent loss. What you’re about to read is the smaller version of this newsletter. For the full breakdown of DeFi’s developments over the last week, subscribe below. Acala wins Polkadot’s debut parachain auction Decentralized finance protocol Acala was announced as the winning project in Polkadot’s inaugural parachain auction this week, beating fellow competitor Moonbeam to the finish line with a seismic…

Turkey Makes the Case for Bitcoin as Erdogan Runs the Autocrat’s Inflation Playbook

Bitcoin trading volumes are rising in Turkey as the increasingly authoritarian government there goes diligently about the work of setting its currency, the lira, on fire. Turkish President Recep Tayyip Erdogan, who has retained power since 2003, has to all appearances lost his mind: With inflation sitting at around 20%, Erdogan yesterday lowered Turkey’s key interest rate to 18% from 19% (no, not a typo), instead of raising them to tighten the money supply. Currency markets have responded decisively to the expected move, with the lira losing 10% of its…

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Popular DAO Voting Platform Snapshot Labs Raises $4M

Snapshot, a key piece of tooling for decentralized autonomous organizations (DAOs), has taken a step forward today, raising $4 million to expand operations. The DAO voting portal announced the funding round on Friday. It was led by investment fund 1kx and included participation from The LAO, MetaCartel Ventures, Gnosis, StarkWare, Coinbase Ventures, BoostVC, Scalar Capital, Fire Eyes DAO, LongHash Ventures and Coopérative Kleros, according to a press release provided to CoinDesk. The raise is a significant step forward for a project that previously relied on Gitcoin community-funded grants and comes…

Kraken Is Delisting Top Privacy Coin Monero (XMR) For UK Users

It seems UK users will soon be unable to access Monero on one of the leading crypto exchanges. There have always been concerns around the Bitcoin competitor regarding the absolute privacy that the digital asset confers. Until now, it remains impossible to track/trace Monero transactions, making it the ultimate privacy coin, and governments are worried that individuals will use this to evade taxes. Another concern is around the use of the cryptocurrency as a criminal tool, although there is no definitive way to tell if this is true. However, it…

Why Barbados’ Metaverse Embassy Matters

CoinDesk’s scoop that Barbados had become the first government to acquire virtual land and create a “metaverse embassy” was met with great interest, but a lot of quizzical looks as well. The question some commentators asked was: What is the point? If Barbados is trying to digitally solve some problem – such as how to make issuing visas and permits more efficient – why use a blockchain when a simple e-government services website would suffice? The metaverse part seemed like a gimmick. You’re reading Money Reimagined, a weekly look at…

US Senator Introduces Legislation to Repeal Infrastructure Bill’s Attack on Crypto Industry – Regulation Bitcoin News

U.S. Senator Ted Cruz has introduced a bill to repeal the $1 trillion infrastructure package’s crypto provision, which he said is a “devastating attack” on the crypto industry. “I urge my colleagues in the Senate to repeal this harmful language that will create regulatory uncertainty and in turn an unnecessary barrier to innovation,” he said. Senator Cruz Pushes for Infrastructure Bill’s Crypto Provision to Be Repealed U.S. Senator Ted Cruz said Tuesday that he has introduced “legislation to repeal infrastructure bill’s ‘devastating attack’ on emerging cryptocurrency industry.” President Joe Biden…