Day: April 22, 2022

EU officials considered Bitcoin trading ban to enforce proposed mining ban

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European Union (EU) officials discussed banning Bitcoin trading during a debate on a proposal to ban Proof of Work mining according to documents obtained through a freedom of information request.  According to a report, published by German digital culture organization Netzpolitik, officials from the EU went as far as suggesting that an all out ban on trading Bitcoin (BTC) should be enforced in order to curb its overall energy consumption. The most worrying comments from the crypto community’s perspective came from a document that detailed the minutes from an EU…

The 3 questions on financial literacy Bitcoiners flunk: Bank of Canada

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A study from the Bank of Canada found that Bitcoiners on average have lower financial literacy than those who don’t own Bitcoin (BTC). The study was compiled from four years of annual surveys from 2016 to 2020, with the sample sizes ranging anywhere from 1,987 to 3,893 respondents. The Bank of Canada’s full study is titled “Bitcoin Awareness, Ownership and Use: 2016-20” and was published on April 19. A key conclusion from the study was that: “Bitcoin owners displayed greater knowledge about the Bitcoin network than nonowners, yet they scored…

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Balance Sheet Shows $1.26B in Digital Assets – News Bitcoin News

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Elon Musk’s electric car company, Tesla, is hodling bitcoin. The company’s balance sheet shows $1.261 billion in digital assets. Tesla has neither purchased nor sold any crypto assets since the first quarter of last year. Tesla Continues to Hodl Bitcoin Tesla released its earnings results for the first quarter of 2022 Wednesday. Elon Musk’s electric car company reported another record quarter of sales and profit exceeding Wall Street estimates despite inflation pressure. The company’s revenue rose 81% to $18.76 billion from $10.39 billion a year ago. Its earnings jumped 658%…

Leaves stolen $1M in contract set to self destruct

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In a rare comedic bungle among DeFi exploits, an attacker has fumbled their heist at the finish line leaving behind over $1 million in stolen crypto. Just after 8AM UTC on Thursday April 21st, blockchain security and analytics firm BlockSec shared it had detected an attack on a little known DeFi lending protocol called Zeed, which styles itself a “decentralized financial integrated ecosystem”. The attacker exploited a vulnerability in the way the protocol distributes rewards, allowing them to mint extra tokens which were then sold, crashing the price to zero,…

Upbit owner Dunamu could see ‘monopoly’ curbed after investment controversy

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The operator of South Korean crypto exchange Upbit, Dunamu, is facing pushback from regulators due to a controversial investment while authorities move to issue restrictions to stifle its monopolistic position. Dunamu’s total assets are valued at over over 10 trillion KRW ($8.06 billion) and Upbit controls an overwhelming 80% of the domestic trading volume. As a result, regulators see Dunamu and by extension Upbit, as a monopoly with too much power that should be curtailed. Regulators could prevent its growth by designating it a large corporation which would restrict its…

Coinbase IPO di Wall Street, Valuasi Tembus Rp 1.255 T

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Berita lainnya: Goks! Coinbase ‘Dompet’ Uang Kripto Resmi Melantai di Bursa Link: Sejarah baru tercatat di bursa Amerika Serikat. Perusahaan perantara jual beli kripto terbesar di AS Coinbase Global menggelar debut di pasar saham. Pada penampilan hari pertama di Wall Street nilai kapitalisasi pasar Coinbase mencapai USD 85,5 Miliar atau sekitar Rp 1.255 Triliun. Simak Economentary selengkapnya dalam program Power Lunch, CNBC Indonesia (Kamis, 15/04/2021) berikut ini. Terus ikuti berita ekonomi bisnis dan analisis mendalam hanya di CNBC Indonesia terafiliasi dengan CNBC…

OCC issues order against Anchorage Digital over AML compliance

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The United States Office of the Comptroller of the Currency, or OCC, has said it intends to pursue cease and desist proceedings against cryptocurrency custody bank Anchorage Digital for violating certain anti-money laundering requirements. In a Thursday announcement, the OCC said it issued a consent order against Anchorage Digital based on its “failure to adopt and implement a compliance program” in accordance with required Bank Secrecy Act, or BSA, and AML standards. The government bureau said such actions placed Anchorage Digital in violation of its operating agreement with the OCC,…

Aussie media company goes all in on NBA fan engagement with NFTs

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Australian media company Basketball Forever has announced an NFT project titled Hoop Hounds which seeks to increase NBA fan engagement and provide substantial real-world utility for the tokens.  Critics of NFTs have consistently taken aim at the supposed ineffectual nature of the tokens, with “right click save” memes doing the rounds. However, more recently there has been an uptick in utility-focused NFT projects, such as  Bored Ape Yacht Club and Top Shot, where holders are provided exclusive access to real-world events and products. Basketball Forever, the NBA-focused subsidiary of sports…

Miami cryptocurrency community booms as Bitcoin 2022 gets underway

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CNBC’s Kate Rooney reports on the Bitcoin 2022 conference in Miami. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories.…