Day: January 21, 2022

$200 Billion exits the market as Bitcoin plummets to a multi-month low

Bitcoin, the top asset in the industry has noted a sharp fall in prices over the last 24 hours. At press time, the king-coin depreciated by almost over 9.7%. Bitcoin dropped its value by almost $7,000 and was exchanging hands at $38,233.95. This marked an almost six-month low for the coin. This price level is the lowest ever since the first week of August last year. Following Bitcoin’s price action, altcoins followed suit as a majority of them were seen trading in the red at the time of writing. The…

NYT’s Kevin Roose on the Future of Crypto

The future is rapidly approaching and the crypto industry is determined to establish its place in it. Web 3 is shaping up in opposition to the current Web 2, moving away from the centralized, data-driven approach of today’s internet. Alongside Web 3 is the metaverse, where individuals can fragment themselves into two parts: their physical self, and their digital persona. Source

Bitcoin, Cryptocurrency & Blockchain: What's driving the craze?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Why is #DogeCoinToTheMoon trending? What is #BitcoinCrash? What’s driving the whole crypto craze? Is it worth investing your real money? Or is it a risky gamble? On Gravitas Plus, Palki Sharma has a checklist you must not miss. #GravitasPlus #Cryptocurrency #Bitcoin About Channel: WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we…

Binance Didn’t Upgrade Customer Checks, Despite Promises to Regulators: Report

The world’s largest crypto exchange kept weak know-your-customer (KYC) checks and did not properly cooperate with authorities, despite its public promises about compliance, Reuters said in an investigative report published Friday. The report was based on interviews with dozens of former employees of Binance, advisers and business partners, as well as the review of hundreds of documents. Source

How to Stay Safe in DeFi: Red Flags and Risks You Need to Know

Decentralized finance (DeFi) is one of the fastest-growing sectors of the crypto industry, with $92 billion worth of crypto assets currently locked in peer-to-peer powered protocols – up 196% over the last year. This growth can largely be attributed to the many lucrative, high-interest earning opportunities available across DeFi lending and trading platforms. But, of course, with any new crypto trend that draws significant attention and investment, there are always scammers looking for ways to capitalize on it – and you aren’t likely to get a refund for your mistakes.…

Important Disclosure About CoinDesk and Digital Currency Group

In 2022, CoinDesk is rolling out a program whereby certain high-performing employees throughout the ranks, most of whom have been here more than a year, receive stock appreciation rights (SARs) in DCG as part of their compensation. Initially, CoinDesk content employees were not going to be eligible for this program, meaning only certain members of other departments (sales, marketing, etc.) would be allowed to participate. Source

Bitcoin Mining Landscape in Latin America

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This is an episode of Compass Live hosted by Compass Mining. In this livestream, Compass talks through the bitcoin mining landscape in Latin America, it’s challenges and opportunities, and where the mining hubs are across Venezuela, Argentina, and other parts of the region. Two executives from Venezuela- and Argentina-based mining companies share their insights and perspectives on mining in Latin America. They also comment on popular news items, like volcano-powered mining in El Salvador, regulatory troubles facing miners, and cheap energy all…

Boston nurse fired for nudes on OnlyFans launches crypto porn app – Cointelegraph Magazine

boss

Former Boston ICU nurse Allie Rae made international news in August last year after she was fired for running an extremely naughty Only Fans account on the side. The story appeared everywhere from the NY Post, to CNN, The Daily Beast — and she even made an appearance on Dr Phil. The resulting publicity saw fans subscribing in droves and the 37-year old mother of three now makes more than $200,000 a month. But the same sort of moralizing and censorship that ended her nursing career also threatens her newfound…

Bank of Russia to Monitor Banks’ Dealings With Crypto Exchangers – Finance Bitcoin News

boss

The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular interest as the regulator believes these carry risks of financial losses and fraud. Central Bank Asks Russian Banks for Details on Crypto-Related Transactions In late December, the Central Bank of Russia (CBR) sent commercial banks a new reporting form for transactions, seeking information about money transfers related to crypto exchange websites. These are mostly payments between private individuals, including transactions…