Month: February 2022

Front-running, flash bots and keeping things fair in the crypto market

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Decentralized finance (DeFi) has the opportunity to democratize access to financial markets that have typically only been open to the rich and powerful. But, DeFi will only survive and continue to grow if we take steps to ensure things are safe, private and fair for both retail and institutional investors. When faced with predatory market behaviors such as miner extractable value (MEV) and front-running attacks it opens up old wounds to a “Flash Boys” era of traditional finance.  DeFi can and should do better by not allowing the failures of…

A Brief History Of Bitcoin Mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This is an episode of Compass Live hosted by Compass Mining. In this livestream, author and journalist Ethan Lou talks about his new book, “Once A Bitcoin Miner.” For most of its history, mining has been a misunderstood industry. Lou’s book is based on what he learned after exploring this new, volatile, and rapidly growing industry. 👤 Follow him on Twitter. ✔️ Ethan Lou: Follow our hosts on Twitter too! ✔️ Zack Voell: ✔️ Will Foxley: Compass hosts livestreams every week on…

Crypto Exchange Bitmex’s Founders Plead Guilty to Bank Secrecy Act Violations – Regulation Bitcoin News

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The founders of cryptocurrency derivatives exchange Bitmex, Arthur Hayes and Benjamin Delo, have pled guilty to violations of the U.S. Bank Secrecy Act. “As a result of its willful failure to implement AML and KYC programs, Bitmex was in effect a money-laundering platform,” said the U.S. Department of Justice. Bitmex’s Founders Guilty of Bank Secrecy Act Violations The U.S. Department of Justice (DOJ) announced Thursday that the founders of cryptocurrency derivatives exchange Bitmex have pled guilty to violating the Bank Secrecy Act (BSA). The DOJ stated: Arthur Hayes and Benjamin…

Ethereum futures premium hits a 7-month low as ETH tests the $2,400 support

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Ether (ETH) reached a $3,280 local high on Feb. 10, marking a 51.5% recovery from the $2,160 cycle low on Jan. 24. That price was the lowest in six months, and it partially explains why derivatives traders’ main sentiment gauge plummeted to bearish levels. Ether’s futures contract annualized premium, or basis, reached 2.5% on Feb. 25, reflecting bearishness despite the 11% rally to $2,700. The worsening conditions depict investors’ doubts regarding the Ethereum network’s shift to a proof-of-stake (PoS) mechanism. As reported by Cointelegraph, the much-anticipated sharding upgrade that will…

US Sanctions Russian President Vladimir Putin

“Following a television telephone conversation President [Joe] Biden held with European Commission President Ursula von der Leyen and in alignment with the decision by our European allies, the United States will join them in sanctioning President Putin and Foreign Minister [Sergei] Lavrov and members of the Russian national security team. I expect we’ll have more specific details out later this afternoon,” Psaki said. Source

Profitable, CHEAP, and In-Stock Bitcoin Miner To Buy In 2022!

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Cash App’s Bitcoin Revenue Grew 119% in 2021, Gross Profit From BTC Rose 124% – Exchanges Bitcoin News

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Popular mobile payment platform Cash App, developed by Jack Dorsey’s Block Inc., generated $10 billion in bitcoin revenue and $218 million in bitcoin gross profit in 2021. Compared to the previous year, the bitcoin revenue increased 119% while gross profit rose 124%. Cash App’s Bitcoin Business Block Inc., formerly Square Inc., released its Q4 2021 earnings report Thursday. The report includes the performance of Cash App, the firm’s mobile payment platform that allows users to trade bitcoin. The company stated: Cash App generated $1.96 billion of bitcoin revenue and $46…