Day: January 27, 2022

How The Fed’s Move Could Affect The Crypto Market

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The Federal Reserve (Fed) had its January Federal Open Market Committee (FOMC) meeting on Wednesday and the crypto market tumbled afterward. The Fed’s move, although hawkish, wasn’t a complete surprise. As the Fed promises to modulate interest rates in order to achieve its goals of raising employment and getting price stability, investors responded with fear. Bond yields are climbing above pre-pandemic levels, thus affecting the traditional and crypto markets. Investors fear the Fed’s focus on getting inflation under control because the markets’ reaction is not a priority amongst the entity’s…

Bybit donates $134M to BitDAO and integrates Arbitrum

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The news about crypto derivatives exchange Bybit was two-fold Thursday, as the company announced via Twitter its $134 million contribution to the BitDAO Treasury in the form of Ether (ETH), Tether (USDT) and USD Coin (USDC), as well as the completion of the integration of Ethereum layer-2 solution Arbitrum. Currently, BitDAO has one of the largest decentralized treasuries and it recently funded a $200M zkDAO to further build on zkSync and scale Ethereum. Bybit’s investment attests to its confidence in BitDAO to lead and support DeFi projects. Bybit joins other…

Fan Token Site Socios Sues Argentine Soccer Association for Signing Competing Deal With Binance

Fan token site Socios sued the Argentine Football Association (AFA) for unilaterally terminating a sponsorship contract with it and signing a similar one with crypto exchange Binance. Socios filed a complaint before an Argentinian national commercial court led by judge María José Gigy Traynor, who issued a prohibitory injunction ordering AFA to recognize the three contracts signed with Socios, according to the official decision document, which was seen by CoinDesk. AFA recognized the injunction but told CoinDesk it is provisional and will be appealed by the association. According to the…

ব্লকচেইন | কি কেন কিভাবে | Blockchain | Ki Keno Kivabe

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ইনফোলিংক : ইন্টারনেট জগতের এক বিষ্ময়কর আবিষ্কার ব্লকচেইন। বিটকয়েনের মত অসংখ্য ক্রিপ্টোকারেন্সির চালিকা শক্তি হিসেবে কাজ করছে এই ব্লক চেইন প্রযুক্তি। অনেকই বলেন, ইন্টারনেট আবিষ্কারের পর সবচেয়ে যুগান্তকারী উদ্ভাবন হল ব্লকচেইন। বৈপ্লবিক এই প্রযুক্তি আমাদের ভবিষ্যৎকে নতুন করে নির্মান করতে যাচ্ছে। ব্লক চেইন প্রযুক্তি ইন্টারনেট ব্যবস্থায় গণতন্ত্র প্রতিষ্ঠা করেছে; একই সাথে ইন্টারনেট পরিসেবাগুলোকে বিকেন্দ্রীকরণ করছে। কিকেনকিভাবে র এই পর্বে যুগান্তকারী প্রযুক্তি ব্লকচেইন সম্পর্কে আলোচনা করা হবে। আমাদের কালো পিপড়া চ্যানেলে আবারো ভিডিও প্রকাশিত হচ্ছে। নতুন ভিডিও দেখুন: 💡 সাবস্ক্রাইব করুন: 🔔বেল আইকন…

A Step-by-Step Guide to Going Private

One of the most common questions I get from people who are starting to realize the need for personal privacy is, “Where do I start?” To better answer that question for yourself, it can be helpful to build out a simple threat model by considering what data you want to protect, whom you want to protect it from, and how much trouble you’re willing to go through to protect it. Seth For Privacy is a privacy educator who hosts the “Opt Out” podcast. He also contributes to the Monero project,…

Small-Time Solo Miners Strike Gold With Full BTC Blocks

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Small-time bitcoin miners are making headlines for essentially hitting the jackpot by mining full blocks all on their own. In what has become a modern-day ‘gold rush’, bitcoin enthusiasts are now taking to booting up small USB miners will tiny hash rates to try their luck in what is eerily similar to buying lottery tickets. Among the miners who have rushed to this, a few have hit the ultimate prize. Solo Bitcoin Miner Gets Full Block In an unlikely event, a solo miner was able to mine a full bitcoin…

Watch Out for the Pols Bearing Crypto

Public institutions of all kinds, including government treasuries, are steadily warming to bitcoin and cryptocurrency. The volatile new asset class presents an opportunity for governments, which are often underfunded, to reap massive rewards. The risks are self-evident, although some in the crypto industry might say it’s riskier for governments not to get involved. Earlier this month, Rio de Janeiro, one of Brazil’s largest cities, announced its intentions to allocate 1% of its municipal treasury to crypto. It will also give a discount to those taxpayers who pay their dues in…

IRS Called Cryptos And NFTs A Mountain Of Fraud

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The IRS is hot on the trails of cryptocurrency and non-fungible tokens. They see these as fertile grounds for fraud, including tax evasion, market manipulation, and money laundering. Unfortunately, whether it’s a celebrity or not, people are always susceptible to getting into the trap. The popularity of digital assets has created a new challenge for government agencies to regulate this modern-day currency. Regulators are working out how best to enforce existing laws and deter investors from engaging with criminal activity. But it will be an uphill battle without more resources…

This proof of concept NFT can swipe unsuspecting users’ IP addresses

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Both OpenSea and Metamask have logged cases of IP address leaks associated with transferring nonfungible tokens (NFTs), according to researchers at Convex Labs and OMNIA protocol. Nick Bax, head of research at NFT organization Convex Labs tested out how NFT marketplaces like OpenSea allow vendors or attackers to harvest IP addresses. He created a listing for a Simpsons and South Park crossover image, entitling it “I just right click + saved your IP address” to prove that when the NFT listing is viewed, it loads custom code that logs the…

A Crypto Industry Poison Pill Hidden in the America COMPETES Act?

Today on “The Breakdown,” NLW looks at a topic that has seized the attention of the crypto policy community. Hidden in the America COMPETES Act is a change to the Bank Secrecy Act that would allow the secretary of the treasury to compel financial institutions to conduct extraordinary surveillance or even prohibit financial activity entirely on accounts they suspect of money laundering without any public notice or checks and balances. NLW breaks down the proposed change, the response and what it says about the state of the crypto lobby. Source